Belletre

Key facts from Belletre's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned residential community under the Act (Article I, Section 1.1)

Units / lots

Initially 18 lots (lots 1-7, 8-14, 15-18) as shown on plats, plus any additional lots created by subdivision. (Section 2.1.27)

Developer / declarant

KBR Bowman, LLC, a North Carolina limited liability company (Preamble)

Governing law

North Carolina Planned Community Act (N.C.G.S. § 47F-1-101, et seq.) (Article I, Section 1.1)

Assessments & dues

Board prepares budget at least 60 days before fiscal year; Budget summary sent to Owners; Budget deemed ratified unless rejected by Owners of at least 75% of Lots at a meeting called for that purpose. (Section 6.2.1, 6.2.2, 6.2.3, 6.2.4)

Special assessments

May be levied to cover unbudgeted or excess expenses. Requires affirmative vote or written consent of Members entitled to cast more than 50% of votes of Lots subject to the assessment, and if during Declarant Control Period, written consent (Section 6.3)

Collections & liens

If assessment unpaid 30+ days, Association may record claim of lien securing unpaid assessments, interest, late charges, and costs. Lien superior to all other liens except taxes and recorded first mortgages. Foreclosure may be judicial or, (Section 6.6)

Reserves & fees

Budget must include a reasonable contribution to a reserve fund for repair and replacement of capital items, taking into account replaceable assets, useful life, cost, and annual contribution needed. (Section 6.2.1)

Insurance

Deductible treated as Common Expense unless Board determines loss resulted from negligence or willful misconduct of a particular Owner, in which case the Board may assess the full deductible against that Owner as a Specific Assessment. (Section 5.3.2)

Use restrictions

Yes, the community is a planned residential community. (Article I, Section 1.1)

Voting & meetings

Class A Members: one vote per Lot. Class B Member (Declarant): no Class B voting rights but consent required for certain actions; appoints Board during Declarant Control Period. (Section 4.3.1 and 4.3.2)

Amendments

Article XVII (not fully in text) describes amendment by Declarant and by Members; amendments require 51% of Class A votes? Not confirmed from provided text. Declarant may amend unilaterally during Declarant Control Period for Restrictions o (Table of Contents for Article XVII; Sect)

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