Clarksdale

Key facts from Clarksdale's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Clarksdale Property Owners Association, Inc. (Section 1.1 - Definition of 'Association)

Units / lots

Lots 49-115 (Phase 1) plus Lots 1-2 (minor subdivision) plus Lots 116-173 and 175-177 (Phase 2) (Original Exhibit A (Doc 119468) and Firs)

Developer / declarant

Louisville Metro Housing Authority, a public body corporate (Preamble)

Assessments & dues

Not fixed; determined by annual budget adopted by Board (Section 5.3(a))

Special assessments

Permitted for capital improvements or other one-time expenses; requires adoption by Members per Bylaws (Section 5.4 (original); Second Amendment)

Collections & liens

Assessments become lien on lot, enforceable by foreclosure like mortgages; lien subordinate to Permitted Mortgages; foreclosure sale extinguishes prior assessment liens unless transfer back to prior owner within one year (Section 5.1, 5.7)

Reserves & fees

Budget may include reasonable amount determined by Board for reserve for contingencies and replacements (Section 5.3(a) (original); Second Amendm)

Pets

Yes, dogs, cats, or other household pets (domestic pets traditionally recognized as such in the geographic area) may be kept. No animals raised, bred, or kept for commercial/breeding purposes. No private or public kennel. (Section 6.4)

Leasing & rentals

Yes; lots may be leased. Definition of 'Owner' includes lessees with initial lease term of 10 years or more. Rental lots are designated on Exhibit C. (Section 1.1 - Definition of 'Owner'; Exh)

Fences

Fences are included in definition of Structure and thus subject to approval by Physical Design Committee or governmental authority (Section 1.1 - Definition of 'Structure')

Architectural approval

Yes; for U-N zoned portion: approval by appropriate governmental authority; for other portions: approval by Physical Design Committee (initially Developer). After Conversion Date, rights pass to Association which may assign to architectural (Section 3.1)

Maintenance

Association responsible for Common Areas (open spaces, entrance ways, streets, medians, sidewalks, crosswalks, storm drains, basins, landscaping). Owner responsible for residence maintenance and repair to condition comparable to initial con (Section 4.5, Section 6.5(a), Section 6.5)

Insurance

Association may procure and maintain insurance in accordance with Bylaws (Section 5.2(a))

Use restrictions

Nothing which may be or become an annoyance or nuisance to the neighborhood shall be done (Section 6.2)

Voting & meetings

Class A members: one vote per dwelling unit on their Lot. Class B (Developer) until Conversion Date. Conversion Date is earlier of Developer's determination or 98% of Sale Lots sold. (Section 4.2)

Amendments

Covenants run for 30 years from recording, then extend automatically for 10-year periods unless majority of Owners agree to change. At any time, restrictions (except Section 6.1) may be amended by written instrument signed by Owners represe (Section 9.3, 9.4, 4.5)

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