The Ridges of Rabun

Key facts from The Ridges of Rabun's documents

Community type

Covenant / Planned Community

Units / lots

approximately 100 (Art. IX §4 (contemplated lots on master )

Developer / declarant

The Ridges of Rabun, LLC, a Georgia limited liability company (first page (WITNESSETH))

Governing law

Georgia Non-Profit Corporation Code (Art. I §4)

Assessments & dues

Board prepares budget, mails to Members at least 30 days prior to effective date; budget becomes effective unless Majority of total Association vote delivers written disapproval no later than 7 days prior (Art. VIII §3)

Special assessments

Board may levy special assessments without membership vote; until Conversion Date, consent of Declarant required (Art. VIII §4)

Collections & liens

Assessment lien in favor of Association; superior to all liens except ad valorem taxes and First Mortgage; may be foreclosed by suit; Association may bid at foreclosure sale (Art. VIII §7 and §8)

Reserves & fees

Transfer Assessments deposited into capital reserve account; budget may include capital reserve contribution (Art. VIII §6 (capital reserve account) a)

Use restrictions

Yes; Lots restricted exclusively to single-family residential use (Art. II §1 and Art. XI §2, §3 (from TOC )

Voting & meetings

Class A: one vote per Lot; Class B (Declarant): three times total Class A votes until Conversion Date (Art. IV §3)

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