Prestley Slater Mill Prestley Slater

Key facts from Prestley Slater Mill Prestley Slater's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (non-profit civic organization) (Article 1.03, 3.01)

Legal name

Stonegate Homeowners Association, Inc. (Article 1.03)

Developer / declarant

Prestley Slater Partners, Inc. (recitals); TRS Holdings, Inc. (Section 1.11) (Recitals (page 6) and Section 1.11)

Governing law

Georgia Nonprofit Corporation Code (Article 3.01)

Assessments & dues

Not fixed; determined by Board of Directors based on budget; initial maximum annual assessment is established by Board (Section 4.04(a),(c))

Special assessments

For working capital fund: special assessment of 2 months estimated regular assessments on first sale of each Lot. For nonrecurring maintenance or capital improvements: requires approval of two-thirds vote of both Class A and Class B members (Section 4.05)

Collections & liens

Continuing charge and lien on lots for unpaid assessments, fines, penalties, interest, late charges, and collection costs (including attorney's fees). Lien superior to other charges except taxes, prior mortgages, and first/second mortgages (Section 4.01(c),(d); Section 4.07(d))

Reserves & fees

Association may establish and maintain an adequate reserve fund for periodic maintenance, repair, and replacement of improvements to Common Property. (Section 4.04(d))

Pets

Yes, subject to restrictions (Section 6.19 Animals). (Table of Contents, page 4)

Leasing & rentals

Yes, subject to Article X (Leases). Tenants must comply with all restrictions and rules. (Article X, Sections 10.01-10.07)

Architectural approval

All plans for installation, construction, or alteration of any Structure on any Lot must be submitted to the Architectural Control Committee (ACC) for approval. (Section 5.02)

Signs & flags

Regulated (Section 6.09 Signs). (Table of Contents, page 4)

Use restrictions

Lots are for residential building lots; occupants reside in dwellings (implied from context). Not explicitly stated "only", but restrictions support residential character. (Article 1.14 (Lot definition) and Articl)

Voting & meetings

Two classes: Class A (each Owner one vote per Lot), Class B (Declarant three votes per Lot owned but no less than total Class A votes plus one) (Article 3.03)

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