Villas at Floyds Fork

Key facts from Villas at Floyds Fork's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Recitals: Villas At Floyds Fork Homeowne)

Legal name

Villas At Floyds Fork Subdivision

Units / lots

81 residential lots (Lots 1-38 in Section 1, Lots 39-81 in Section 2) plus 6 open space lots (1000-1002, 1003-1005) (Exhibit A (Section 1) and Annexation par)

Developer / declarant

Aiken Road Development, LLC

Assessments & dues

Initial $200 per month ($2,400 per year) until January 1, 2018 (likely typo; probably $200 per month from effective date). (Section 8.03)

Special assessments

Permitted for capital improvements upon common areas, Private Streets, and lots Association maintains, with assent of members per Bylaws. (Section 8.04)

Collections & liens

Assessments create a continuing lien on the property, enforceable by foreclosure in the manner of mortgages. Liens subordinate to first/second mortgages. (Section 8.01, 8.08)

Reserves & fees

Minimum cash balance of $3,000 upon turnover of subdivision to Association. (Section 7.04)

Pets

yes, dogs, cats, or other household pets traditionally recognized in Jefferson County, Kentucky. (Section 2.04)

Home business

Only 'home occupations' as strictly construed under Louisville Metro Land Development Code. (Section 2.01)

Use restrictions

yes, except home occupations as strictly construed under Louisville Metro Land Development Code and builder's model home or office for up to 15 years. (Section 2.01)

Voting & meetings

Class A (lot owners, one vote per lot) and Class B (Declarant). Class A cannot vote until earlier of: Declarant's discretion, 180 days after 100% lots sold, or January 1, 2042. (Section 7.02)

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