Waterways L1

Key facts from Waterways L1's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Waterways Township Residential Lots (Title page and Article II definitions)

Units / lots

61 initial lots (18 in Waterways Parkway-Phase 1 + 43 in Longcreek Subdivision) (Exhibit A (Page 16))

Special assessments

Exterior maintenance assessments are separate from annual or special assessments imposed under Master Declaration (Section 4.2 '...shall not be considered )

Collections & liens

Exterior maintenance assessments are a lien on each Lot assessed and personal obligation of Owner; subordinate to mortgage liens to extent provided by Master Declaration (Section 4.2)

Reserves & fees

As provided in Master Declaration Section 5.6 (interest, attorneys fees, costs of collection) (Section 4.2 '...shall become due and pay)

Pets

Reasonable number of dogs, cats, birds or other usual household pets, subject to Master Association rules and county restrictions; kept as domestic pets only (Section 5.15)

Parking & vehicles

Prohibited except in areas specifically designated (Section 5.6 'no parking shall be permitt)

Fences

Refer to Waterways Township 'Design Guidelines' for details (Section 5.17)

Architectural approval

Yes, Architectural Review Board (ARB) approval required for various items including docks, antennas, mailboxes, commercial uses; also referenced to Design Guidelines and Master Declaration Article 8.1 (Sections 5.1, 5.8, 5.9, 5.24)

Setbacks / home size

Refer to Waterways Township 'Design Guidelines' and recorded plat for details (Section 5.4)

Insurance

Each Owner must obtain and maintain fire and casualty insurance covering full replacement cost of dwelling and other improvements on Lot (Section 5.10)

Use restrictions

Lots may be used for residential dwellings and associated uses; model homes allowed; commercial uses limited to those permitted under PUD, approved via ARB, and authorized by Developer in writing (Section 5.1)

Amendments

Owners holding 2/3 of total votes of Master Association may alter, amend, or terminate; Developer consent required while Developer owns land; Developer may amend unilaterally without consent (until Developer owns no land) if no material adv (Section 6.5)

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