Falcon Valley 3rd Plat Villas Homes Association

Key facts from Falcon Valley 3rd Plat Villas Homes Association's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision with homes association (not condominium) (Article I definitions; Article II)

Legal name

Falcon Valley 3rd Plat Homes Association

Units / lots

62 (Lots 1 through 62) plus Tracts C and E (Whereas paragraph)

Developer / declarant

Falcon Valley L.L.C., a Kansas company (Article I(c) of Decl, page 1)

Assessments & dues

$450.00 per quarter ($1,800 per year) initially; optional $150/year for recreational facilities when available (Article IV, page 5)

Special assessments

Board may levy: (a) individual lot assessment for breach-related expenses; (b) equal assessment on all lots for costs exceeding available funds (Article V)

Collections & liens

Assessment becomes automatic lien when due; subordinate to purchase money first mortgage; foreclosure of mortgage extinguishes lien for prior periods. Judicial foreclosure allowed. (Article VI, sections 1-4)

Reserves & fees

Association cannot spend more than total assessments plus surplus; no contracts binding future years except utilities, maintenance, etc. (Article VII)

Pets

Only dogs, cats, and other common household pets; not for commercial purposes; not more than 3 dogs or cats combined per lot (Article X)

Architectural approval

All building plans, specifications, materials, location, elevations, grading, landscaping, and exterior color scheme must be approved in writing by Developer (or Architectural Committee for Exterior Structures) before construction or change (Article V)

Home business

Business, professional, trade, or commercial use prohibited, except an office area in residence per applicable city ordinances (Article IX, section 1)

Setbacks / home size

Golf course lots: rear 35 ft; non-golf course: rear 20 ft; front 30 ft; side 7 ft each side; measured from property line (Article VI)

Use restrictions

Lots may be used only for single-family private residential purposes; no duplex, flat, or apartment. (Article II)

Voting & meetings

Until Turnover Date: Developer (Class A) holds all voting rights except Class B (owners) vote on annual assessment increases. After: one class, one vote per lot, with default suspension (Article II)

Amendments

Termination or amendment requires written agreement signed by Owners of at least 2/3 of Lots and Developer (if before Certificate); Developer may unilaterally amend if required by VA/FHA or City (Article X, sections 1-2)

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