Thixton Bend

Key facts from Thixton Bend's documents

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

Community type

Covenant / Planned Community

Developer / declarant

JOHN R. SMITH and MARY B. SMITH, husband and wife, and SUPERIOR BUILDERS, INC., a Kentucky corporation, and CREEKVIEW RESERVE, LLC

Assessments & dues

Board of Directors may fix annual assessment at amount reasonably necessary to meet budgeted expenses; determines due dates and payment frequency (Section 4.6)

Special assessments

May levy special assessment for capital improvements on Common Area; payable in lump sum or installments with interest as determined by Board (Section 4.7)

Collections & liens

Assessments are a continuing lien on lot and improvements; may be foreclosed; personal obligation of owner at time assessment fell due; lien subordinate to first mortgage (Sections 4.4, 4.10, 4.11)

Reserves & fees

Interest from due date at rate set by Board, if not set then 10% per annum (Section 4.10)

Pets

Dogs, cats or other household pets may be kept, provided not for commercial or breeding purposes (Section 2.5(a))

Signs & flags

One sign for sale or rent, not greater than 9 sq ft; Developer may erect larger subdivision signs, lot number signs, sold signs; occupant name signs and lot numbers allowed by zoning (Section 2.9)

Voting & meetings

Class A (lot owners except Developer) one vote per lot; Class B (Developer) one vote per lot including lots sold; no split votes (Section 4.13)

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