Silver Creek (KY)

Key facts from Silver Creek (KY)'s documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Subdivision (Recitals: 'shall be held, sold and conve)

Legal name

Silver Creek Subdivision Residents’ Association, Inc.

Developer / declarant

1750 INC., a Kentucky Corporation (Preamble)

Assessments & dues

$144 per lot (original); amended to $216 per lot (Article IV Section 7(a) (original) and F)

Special assessments

Yes, for capital improvements with assent of members per Bylaws (Article IV Section 8)

Collections & liens

Assessment creates a lien on lot, enforceable by foreclosure; subordinate to first mortgage; personal obligation of owner at time due (Article IV Sections 5, 11, 12)

Voting & meetings

Two classes: Class A (lot owners except Developer) and Class B (Developer). Each member has one vote per lot owned. Class A cannot vote until Class B ceases. Class B ceases upon Developer's determination, sale of 100% of lots, or June 1, 20 (Article IV Sections 2, 3, 13, 14)

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