Slater Mill

Key facts from Slater Mill's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

Arcanum Investment Properties, LLC, a Georgia limited liability company (Preamble (before Section 1))

Governing law

Expressly not subject to Georgia Condominium Act (O.C.G.A. §44-3-70 et seq.) nor Georgia Property Owners' Association Act (O.C.G.A. §44-3-220 et seq.) (Section 1)

Assessments & dues

Board prepares budget and sets annual assessment; budget effective unless disapproved by majority vote of total membership at annual meeting (or without meeting if no quorum); Board may propose new budget with 30-day notice (Section 8(d))

Special assessments

Board may levy special assessment; any special assessment causing total of special assessments to exceed $200 per lot in a calendar year requires prior approval by 2/3 vote of eligible owners present or by proxy at a special or annual meeti (Section 8(e))

Collections & liens

Assessments are a continuing lien on the lot, superior to all liens except taxes and first mortgages of record; Association may record notice of lien; assessment is also personal obligation of owner (Section 8(b))

Reserves & fees

Board may add surplus funds to reserve account; Declarant has no obligation to budget or provide for capital reserves during Declarant Control Period (Section 8(h) and 8(f))

Pets

Yes, generally recognized household pets in reasonable number as determined by Board (Section 11(f) first sentence)

Leasing & rentals

Yes, with leasing permits as provided in Section 12 (Table of Contents (Section 12) and Secti)

Architectural approval

Yes, for any encroachment onto Common Property, construction, exterior change/alteration, or placing objects (signs, clotheslines, play equipment, etc.) (Section 10(a) introductory paragraph and)

Home business

Allowed only if not detectable from exterior, no employee/client visits (except parcel delivery), conforms to zoning, does not increase traffic or insurance premiums, and consistent with residential character (Section 11(a) (1)-(6))

Signs & flags

Flags require Architectural Control Committee (ACC) approval (listed under objects needing approval) (Section 10(a)(iv))

Insurance

Reasonable deductible allowed (Section 9(c))

Use restrictions

Each Lot shall be used for residential purposes only (Section 11(a))

Voting & meetings

Two classes: Class A (all Owners except Declarant) - one vote per Lot; Class B (Declarant) - sole member with special rights including appointment of directors during Control Period (Section 4(b))

Amendments

By Declarant (Section 19(a)) and by Lot Owner (Section 19(b)); details not fully extracted (Table of Contents (Section 19) and body)

Amenities

Swimming pool, tennis courts, gated entry (Section 6)

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