North Pointe Homeowners Association, Inc.

Key facts from North Pointe Homeowners Association, Inc.'s documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family subdivision known as North Pointe Subdivision (ARTICLE II, Section 2.1 (PAGE 5))

Legal name

North Pointe Homeowners Association, Inc. (ARTICLE I, Section 1.3 (PAGE 3): "'Assoc)

Developer / declarant

Arlinghaus Builders Inc., a Kentucky corporation (Preamble (PAGE 1): "made on the day of J)

Governing law

Kentucky law (non-profit corporation) (ARTICLE I, Section 1.3 (PAGE 3) – Articl)

Assessments & dues

Initial Annual Assessment for 2003: $250.00 per lot. Until recreational facilities are in place, actual amount due is 50% of annual assessment. When facilities are operating, payment becomes 100%. (ARTICLE V, Section 5.6 (PAGE 9): "first )

Special assessments

Permitted to cover costs not provided for in Annual Assessment; requires approval of 51% of members who vote; fixed at uniform rate based on number of lots; funds held in trust for that purpose. (ARTICLE V, Section 5.9 (PAGE 9-10): "Spe)

Collections & liens

Unpaid assessments become a continuing lien on the property, enforceable by lien filing, lawsuit against owner, and foreclosure. Lien is subordinate to first mortgage. Personal obligation of owner remains. (ARTICLE V, Sections 5.2, 5.11, 5.12, 5.1)

Reserves & fees

Annual Assessments include adequate reserve fund for future use. (ARTICLE V, Section 5.3 (PAGE 8): "The An)

Pets

Only normal household pets; no animals, livestock, or poultry raised, bred, or kept for commercial purposes. (ARTICLE VIII, Section 8.4 (PAGE 14): "No)

Fences

Fences require prior approval. Cannot be placed nearer to street than rear line of residence. Corner lot: not closer to side street than shortest distance between residence and side street. Height: no more than 4 feet, except within 15 feet (ARTICLE VII, Section 7.2.8 (PAGE 12-13):)

Architectural approval

Board or Committee shall make reasonable attempts to review and approve/disapprove within 45 days after submission. If no decision within that time, it is considered approved. (ARTICLE VII, Section 7.1 (PAGE 12): "mak)

Use restrictions

All lots shall be used for residential purposes and normal and reasonable uses related thereto. Developer and builders may build model homes, sales offices, etc. (ARTICLE VIII, Section 8.2 (PAGE 14): "Al)

Voting & meetings

Class A (owners): one vote per lot. Class B (Developer): 5 votes per lot/planned lot during Development Period. After Class B terminates, Developer becomes Class A member. (ARTICLE IV, Sections 4.2.1, 4.2.2 (PAGE )

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