Richards Park

Key facts from Richards Park's documents

Community type

Homeowners Association (Article IV §1 – Association)

Legal name

Richards Park Homeowners' Association (Article II §1)

Units / lots

At least 49 (40 from Richards Park 1st Addition Exhibit A, plus 9 from 7th Addition Additional Land) (Exhibit A; Additional Land Exhibit A)

Developer / declarant

TOG Development Inc., a Wyoming Corporation (Preamble; page 3)

Assessments & dues

Set by Board of Directors; not a fixed amount (Article IV §6.4(h) 'annual assessment sh)

Special assessments

Allowed for capital improvements, unexpected repairs or replacements; requires majority vote at a meeting with 30 days written notice (Article IV §6.4(i))

Collections & liens

Assessments are a continuing lien on the lot and personal obligation; Association may foreclose lien in same manner as mortgage under Wyoming law; lien subordinate to first mortgage. Sale or transfer of lot does not affect lien, but foreclo (Article IV §6.4(e))

Reserves & fees

Dues used to maintain such reserves or sinking funds as shall be reasonably required (Article II §8 (Dues definition))

Pets

Cats, dogs, or other household pets may be kept, but not for commercial purpose (Article V §1.3)

Home business

Professionals (doctors, lawyers, architects, accountants, real estate brokers) may maintain offices within homes if they do not have employees working on the premises that reside off the premises (Article V §1.2)

Use restrictions

Subdivision shall be used for residential purposes only, except a sales and construction office for Developer (Article V §1 (Land Use Restrictions))

Voting & meetings

Class A (lot >7000 sq ft): 3 votes per lot; Class B (4000-7000 sq ft): 2 votes; Class C (<4000 sq ft): 1 vote; Class D (Declarant): 6 votes per lot. Only one voting member per lot. (Article IV §3)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.