Boone's Trace Property Owners' Association, Inc.

Key facts from Boone's Trace Property Owners' Association, Inc.'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Residential Community (HOA) (Article IV: residential use, Article I: )

Units / lots

Multiple sections with numerous lots; see Exhibit A for detailed list (Sections 1-5, Avawam Estates, Forest Hills Estates, Gleneagles phases, Muirfield, St. Andrews, Sawgrass, Tanglewood Farms, etc.) (Exhibit A, Article I definition of Prope)

Developer / declarant

Boone's Trace, LLC (Declaration page 1)

Governing law

Kentucky Horizontal Property Law (KRS 381.805 et seq.) explicitly not applicable (Preamble)

Assessments & dues

By the Association acting by and through its Board of Directors; Common Assessments levied equally on all Lots (except Developer Lots); Special Assessments on benefiting Lots only (Article V.3)

Special assessments

Yes, for expenses incurred on behalf of less than all Members; levied equally on benefiting Lots (Article V.3)

Collections & liens

Unpaid assessments (plus interest, late charges, costs, attorney's fees) are a continuing lien on the Lot, prior and superior to all liens except taxes and first mortgage of record. May be enforced by suit, judgment, and foreclosure. (Article V.5)

Reserves & fees

Association may establish reasonable reserves as part of Common Expenses (Article I.2 (definition of Common Expens)

Pets

Yes: dogs, cats, other usual or common household pets (Article IV.4)

Parking & vehicles

Vehicles parked only in garages or driveways; no street parking except temporarily for social gatherings (Article IV, paragraph 2)

Fences

Where fences allowed, they must be four-rail black; layout approved prior to installation. (Article III.1(l))

Architectural approval

Yes, until 100% Lots developed: Developer approval required for all construction. Thereafter Association may establish procedures. (Article II.1)

Home business

Permitted only if home-based business with one employee (the Lot owner), and does not require use of common areas for deliveries, parking, meetings, etc. (Article IV.13)

Setbacks / home size

Per Specific Building Standards for each Section (minimum required living area, exclusive of porches, decks, basements, attics, garages) (Article III.2(f))

Insurance

Association shall procure liability insurance covering use of streets, rights-of-way, or any other common areas. (Article V.2(f))

Use restrictions

Properties shall be used only for residential, recreational, and related purposes; no trade or business except limited home-based business (Article IV introductory paragraph; Artic)

Voting & meetings

Each Owner has one vote per Lot owned; Developer has one vote per Lot owned. No vote when Lot owned by Association after foreclosure. (Article V.1; Article V.5)

Amendments

Cancellation or modification requires affirmative vote of 60% of Members; Developer is designated agent for recording until development complete. No amendment may prevent completion of development. (Article X.2)

Amenities

Golf course ('The Bull'); gated security with sticker/insignia; no other amenities listed (pool, clubhouse not mentioned). (Article VII; Article VIII)

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