Old Ivy

Key facts from Old Ivy's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential subdivision of single-family homes (WHEREAS clauses, Article VI Section 2)

Legal name

OLD IVY HOMEOWNER’S ASSOCIATION, INC.

Developer / declarant

EDWARDS SPECIALTIES, INC. and ADAMS HOMES, L.L.C. (Preamble)

Governing law

Alabama Nonprofit Corporation Act, Section 10-3A-1 et seq. (Supplemental Declaration preamble; Decla)

Assessments & dues

Board prepares budget and delivers to members at least 30 days before end of fiscal year; budget effective unless disapproved by Majority of total Association vote and Declarant (while Declarant has annexation option) (Article IV Section 3)

Special assessments

Requires approval by two-thirds (2/3) of total Association vote and Declarant (while Declarant has annexation option) (Article IV Section 4)

Reserves & fees

Board shall include capital contribution or reserve in accordance with separately prepared capital budget (Article IV Section 3)

Pets

Dogs, cats, or other usual and common household pets in reasonable number as determined by Board; no animals, livestock, or poultry may be raised, bred, kept, or permitted (Article VI Section 7)

Parking & vehicles

Not explicitly permitted; vehicles not allowed on unpaved Common Property except public safety or authorized vehicles (Article VI Section 4)

Use restrictions

All Lots shall be used for single-family residential purposes exclusively (Article VI Section 2)

Voting & meetings

Each Lot owner has one membership and one vote per Lot; multiple owners determine vote; spouse may vote but only one vote per Lot; vote cannot be separated from ownership (Article III Sections 1 and 2)

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