Sheppard Square

Key facts from Sheppard Square's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision (Section 1, Definitions: Lot, Plat)

Legal name

Sheppard Square Property Owners Association, Inc.

Units / lots

30 (Lots 1,4-13 of Sheppard Square A,C,D,G and Lots 14-32 of Sheppard Square E,F,H) (Second Amendment Exhibit A)

Developer / declarant

LOUISVILLE METRO HOUSING AUTHORITY

Governing law

Kentucky Condominium Act (referenced for unit definition) (Section 1, Definition of Owner)

Assessments & dues

Set annually by Board via budget; not a fixed amount (Section 5.3(a))

Special assessments

Board may levy special assessment for capital improvements or other one-time expenses; requires adoption by members according to Bylaws. (Section 5.4)

Collections & liens

Annual and special assessments are a continuing lien on the Lot/unit; enforceable by foreclosure as mortgages are foreclosed; also personal obligation of Owner. (Section 5.1)

Reserves & fees

Board may include a reasonable reserve for contingencies in annual assessment. (Section 5.3(a))

Pets

Dogs, cats or other household pets (domestic pets traditionally recognized in this geographic area) may be kept, provided not kept for commercial or breeding purposes. (Section 6.4)

Parking & vehicles

Trucks mentioned; but no explicit restriction (Section 6.3(b) includes trucks)

Fences

Not specifically mentioned; fences would likely be considered Improvements requiring approval. (Section 3.1(a) covers any Improvement)

Architectural approval

Yes, Review Panel (pre-Conversion Date) or Association (post-Conversion Date) must approve construction plans and specifications for any Improvement. (Section 3.1(a))

Signs & flags

Signs subject to standards for Improvements and must be approved in same manner as other Improvements. (Section 6.7)

Setbacks / home size

Conform to Sheppard Square Pattern Book (U-N) or Louisville Metro Land Development Code; if Plat imposes greater setback, Plat shall apply. (Section 3.1(d))

Use restrictions

Nothing which may be or become an annoyance or nuisance to the Property shall be done on any Lot. (Section 6.2)

Voting & meetings

Two classes: Class A (all Owners) and Class B (Developer). Specific rights in Articles and Bylaws. (Section 4.2)

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