Southbridge Neighborhood Association, Inc.

Key facts from Southbridge Neighborhood Association, Inc.'s documents

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

Community type

single-family residential (Background Statement)

Developer / declarant

John Wieland Homes and Neighborhoods of the Carolinas, Inc. (Opening paragraph)

Governing law

North Carolina Nonprofit Corporation Act (Articles of Incorporation, Article 4)

Assessments & dues

Board prepares budget; members may ratify or disapprove by 75% vote; if disapproved, last budget continues (Declaration, Article IV, Section 3)

Special assessments

Up to $300 per Lot per fiscal year without membership approval; above requires Majority vote (Declaration, Article IV, Section 4)

Collections & liens

Lien after 30 days unpaid; may foreclose under power of sale under NC General Statutes Article 2A of Chapter 45 (Declaration, Article IV, Sections 5 and )

Reserves & fees

Amount determined by Board; imposed after 10 days delinquent (Declaration, Article IV, Section 6)

Use restrictions

Detailed restricted uses listed in Article VI of Declaration (not fully provided; Table of Contents includes: Use of Lots, Signs, Vehicles, Occupants Bound, Animals and Pets, Nuisance, Unsightly Conditions, Architectural Standards, Antennas (Declaration, Table of Contents for Artic)

Voting & meetings

One vote per Lot owned; multiple owners must agree or vote suspended; spouse may vote (Declaration, Article III, Section 2)

Amendments

Articles: board resolution, affirmative vote of at least 2/3 of total eligible votes of members, and consent of Declarant while owns property; board may amend solely to comply with HUD/VA requirements. Bylaws: amendment via Declaration prov (Articles of Incorporation, Article 12; B)

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