Magnolia Woods Subdivision Homeowners Association, Inc.

Key facts from Magnolia Woods Subdivision Homeowners Association, Inc.'s documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

MAGNOLIA WOODS HOMEOWNER'S ASSOCIATION, INC.

Developer / declarant

FRETWELL ENTERPRISES, INC.

Assessments & dues

Maximum $240 per Lot per year ($20 per month). (Article IV Section 4)

Special assessments

For capital improvements, requires 2/3 vote of each class at a meeting called for that purpose. (Article IV Section 5)

Collections & liens

Association may foreclose lien; lien superior to all except tax liens and first mortgage of Institutional Mortgagee. (Article IV Section 10, Section 11)

Pets

Yes, up to 3 household pets (dogs, cats, fish, caged birds) with not more than 2 of any one species. (Article VIII Section 11)

Parking & vehicles

Commercial vehicles larger than a pickup truck cannot be parked for over 24 consecutive hours unless completely screened from the street. (Article VIII Section 8)

Architectural approval

Prior written approval of Developer required for all plans, specifications, and site plans for structures. (Article VIII Section 13)

Signs & flags

Only street address signs and resident name signs allowed. Developer may erect commercial display signs until all lots sold. Real estate signs permitted if not illuminated and comply with ordinances. (Article VIII Section 6)

Setbacks / home size

Living area of main structure not less than 1600 square feet, exclusive of open porches and garage. (Article VIII Section 3)

Insurance

Association shall insure Common Area buildings for fire and casualty up to replacement value, and personal property up to fair market value. (Article VII Section 1)

Use restrictions

All Lots shall be used only for residential purposes. (Article VIII Section 2)

Voting & meetings

Two classes: Class A (all Owners except Developer) – one vote per Lot; Class B (Developer) – three votes per Lot. Class B ceases when Class A votes equal Class B votes or Dec 31, 2000. (Article III Section 2)

Amendments

Within first 10 years: by 90% of Lot owners; thereafter by 75%. Developer may amend within first 5 years to clarify ambiguities with VA approval. Amendments affecting stormwater system require prior approval of St. Johns River Water Managem (Article IX Section 4)

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