Fountain Lake

Key facts from Fountain Lake's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

FOUNTAIN LAKE DEVELOPMENT CO., INC.

Assessments & dues

First annual assessment fixed by first Board of Directors; subsequent amounts can be increased by CPI increase (Article V, Section 3)

Special assessments

May be levied for capital improvements on Common Ground, requiring majority of Board and majority of members voting (in person or by proxy) at a meeting with at least 30 days written notice stating purpose (Article V, Section 4)

Collections & liens

Unpaid assessment (including interest and costs) becomes a continuing lien on the property; Association may record a notice of lien and bring legal action to enforce; personal obligation of owner remains. Lien subordinate to institutional f (Article V, Section 1, 8, 9)

Pets

Yes, up to two dogs, cats or other household pets per Lot or Living Unit (Article VII, Section 8)

Leasing & rentals

Yes, but restricted (Article VII, Section 4)

Parking & vehicles

Prohibited unless in enclosed garage or approved enclosure; except during approved construction (Article VII, Section 9)

Architectural approval

Yes, for any building, fence, wall, other structure, landscaping, exterior addition, removal, change or alteration; plans and specifications must be submitted to Architectural Control Committee (Article VI, Section 1)

Home business

Permitted only if in strict accordance with applicable zoning ordinances (Article VII, Section 3)

Use restrictions

Yes. No building shall be used for a purpose other than that for which it was originally designed without ARC approval; no commercial activities except home occupations per zoning. (Article VII, Section 1 and 3)

Voting & meetings

Two classes: Class A (each Owner of a Lot or Living Unit – one vote per aggregate); Class B (Company – three votes per Lot owned until conversion) (Article III, Section 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.