Gracyn Creek

Key facts from Gracyn Creek's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential subdivision intended for single-family detached dwellings (Article I (Section 1.15) and Article VII)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Section 1.19)

Assessments & dues

Amount not fixed; Board sets yearly Regular Assessment at beginning of each year. (Section 4.2.1)

Collections & liens

Unpaid assessments become a continuing automatic lien on the lot. Foreclosure is in same manner as a mortgage under power of sale. Priority over later liens except real estate taxes and prior recorded mortgages. Attorney's fees and costs ar (Section 4.7, 4.8, 4.14.4)

Reserves & fees

Board may apply any Common Surplus to a reserve. Section Two requires the annual budget to include a capital contribution establishing a reserve fund. (Section 4.4; Section Two Article XXVIII )

Pets

Cats, dogs, or other household pets may be kept, but not for commercial purposes. No livestock or poultry. No animal pens allowed. A small doghouse is permissible. (Section Two Article XII; Section Three A)

Parking & vehicles

Prohibited for owners. (Section Two Article XIII; Section Three )

Architectural approval

Yes, for any building, fence, swimming pool or other structure. Plans and specifications must be approved in writing by the Architectural Control Committee. (Article II of Section Two and Section Th)

Home business

An owner may use a portion of the dwelling for an office or studio (not music/dance studio) provided it does not interfere with quiet enjoyment or increase traffic; otherwise no business permitted. (Section 7.2)

Signs & flags

Declarant may maintain signs during development. No signs or billboards shall be stored or regularly parked on premises. Specific sign restrictions in Section Two Article VI (no signs or billboards). (Section 7.2 (implied), Section Two Artic)

Setbacks / home size

Front: 30 ft; Rear: 25 ft; Side street (corner): 35 ft; Interior side: 10 ft; Accessory buildings: 10 ft interior side, 15 ft rear, 50 ft from front setback. Decks may extend 5 ft beyond rear setback. (Article IV of Section Two and Section Th)

Use restrictions

Lots shall be used only for residential purposes except for utility or access purposes by Declarant. Business activities are prohibited except Declarant's sales offices and limited home offices that do not interfere with neighbors. (Section 7.2; Article I of Section Two an)

Voting & meetings

Class A Members (lot owners) have one vote per lot; Class B Member (Declarant) holds votes until Development Period ends. Class A may not vote until expiration of Development Period. (Section 3.5.1, 3.5.2, 3.5.3)

Amendments

During Development Period, Declarant-controlled Association may amend by affirmative vote or written agreement of owners holding 75% of allocated votes. After Development Period, written notice of proposed amendment must be sent to every me (Section 9.3)

Amenities

Common Areas include entrance signage, streets, landscaping, and any other property deeded to Association. No pool, clubhouse, lake, gym, trails, or gates mentioned. (Section 1.9)

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