Camden Parc Community Association Ph 4, Inc

What Camden Parc Community Association Ph 4, Inc's governing documents say

This is the Bylaws of Camden Parc Community Association PH 4, Inc., a Texas nonprofit corporation governing a residential subdivision in Collin County, Texas. It sets out how the homeowners' association is run—meetings, voting, board structure, and finances—rather than the day-to-day rules for residents. It is intended for homeowners and board members who need to understand the association's governance.

• Association structure & membership: Every lot owner is automatically a member of the association. The board of directors manages the association, with the Declarant (developer) controlling the board during the Development Period (up to 20 years from recording).
• Meetings & voting: Annual meetings are held within 45 days of the fiscal year end. Special meetings can be called by the president, a majority of the board, or upon petition. Members can vote by proxy, and proxies are valid for up to 11 months. A majority means more than 50% of votes eligible to vote.
• Board elections & terms: Member-elected directors serve two-year terms, with staggered terms after the Declarant control period. Elections are by written ballot at least 20 days before the annual meeting. Directors can be removed by a majority vote of remaining directors for missing meetings or being delinquent in assessments.
• Board powers & finances: The board adopts the annual budget, sets assessments, and manages common areas. It can borrow money for operations or improvements up to 25% of budgeted gross expenses without member approval. The board may hire a managing agent, with contracts limited to three years.
• Open meetings & records: Board meetings are open to members (except for executive sessions on personnel, litigation, etc.). Members can inspect association records under reasonable rules, and directors have absolute inspection rights.
• Amendments: The board has the power to alter, amend, or repeal the Bylaws.
• What this document doesn't cover: This is only the Bylaws—it does not contain the full rules for residents, such as property use restrictions, architectural guidelines, pet rules, or rental restrictions. Those are in the Declaration of Covenants, Conditions, and Restrictions (CC&Rs) and any separate rules.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.