Orchard Lakes at Breckenridge

Key facts from Orchard Lakes at Breckenridge's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Orchard Lakes at Breckenridge

Developer / declarant

Dominion Homes of Kentucky, Ltd., a Kentucky limited partnership (DOC 121780 Preamble; DOC 119819; DOC 119)

Assessments & dues

Prior to December 31, 2000, maximum $100 per Lot per year; prior to Turnover Date, maximum 10% increase per year; set by dividing estimated Common Expenses by total Lots (DOC 121780 Section 6.3)

Special assessments

Board may levy against all Lots for capital expenditures, interest on indebtedness for capital expenditures not paid from Reserve Fund, unanticipated operating deficiencies, or any other purpose determined appropriate (DOC 121780 Section 6.4)

Collections & liens

Unpaid Assessments plus interest/charges/collection costs create a continuing lien; lien certificate may be filed after ten days; lien valid five years; subordinate to bona fide first mortgage recorded before lien certificate; personal obli (DOC 121780 Sections 7.2 and 7.3)

Reserves & fees

Board may establish and maintain at its discretion for financing Association operation, paying necessary costs/expenses, and repairing/maintaining Common Property (DOC 121780 Section 6.1)

Leasing & rentals

Yes, but all leases must be in writing and subject to Declaration, Association Governing Documents and Rules (DOC 121780 Section 10.10)

Parking & vehicles

Board has power to create and enforce reasonable rules concerning placement and parking of vehicles (DOC 121780 Section 10.11)

Fences

Permitted fences: (i) in-ground pool enclosure for safety; (ii) white vinyl split rail fence up to 48 inches; (iii) dark mesh within split rail fence; (iv) natural pressure-treated picket or board-on-board (shadow box) wood fence up to 48 i (DOC 121780 Section 10.19)

Architectural approval

Yes; Design Review Board written approval required before placing, erecting or installing any Improvement or commencing construction including staking, clearing, excavation, grading and site work (DOC 121780 Section 9.1)

Signs & flags

Only Developer marketing signs, Association/Developer street/identification signs, and one temporary real estate sign not exceeding six square feet advertising a Lot for sale (DOC 121780 Section 10.5)

Setbacks / home size

Fencing must be no closer to street than rear building line of home; corner Lot fences cannot encroach upon or extend beyond building line (DOC 121780 Section 10.19)

Maintenance

Association maintains, repairs and replaces Common Property; Owner repairs, replaces and maintains Lot, improvements, structures and equipment at Owner's expense (DOC 121780 Sections 8.1 and 8.2)

Insurance

Association shall obtain comprehensive public liability insurance covering Association, Owners and occupants; may obtain fidelity bond, workers' compensation, comprehensive general liability, officers/trustees liability, hazard/casualty and (DOC 121780 Section 5.7)

Use restrictions

Yes; no Lot used except for residential purposes; builders' model homes permitted (DOC 121780 Section 10.1)

Voting & meetings

Every Owner has one membership per Lot; multiple owners of one Lot hold one membership as tenants in common; voting and governance set forth in Association Governing Documents (DOC 121780 Sections 4.1 and 4.2)

Amendments

Until Turnover Date, Developer may unilaterally amend without consent; after Turnover Date, amendment requires approval of Owners holding at least two-thirds of voting power; unanimous consent required for changes to voting power, Common Ex (DOC 121780 Section 12.3)

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