Steele Creek Homeowners Association of Wake Count

Key facts from Steele Creek Homeowners Association of Wake Count's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (planned community under NC Planned Community Act) (Article I 'Act': North Carolina Planned )

Governing law

North Carolina Planned Community Act, Chapter 47F of NC General Statutes (Article I, definition of 'Act')

Assessments & dues

Not fixed; determined by Board after Development Period; during Development Period, Declarant sets in its sole discretion (Section 5.03)

Special assessments

Allowed if budget inadequate or for capital improvements; equally divided among lots; Declarant exempt (Section 5.04)

Collections & liens

Assessments constitute a lien on the lot, prior to all other liens except ad valorem taxes, first mortgages, and secondary purchase money mortgages. Association may foreclose. (Sections 5.01, 5.07(a))

Reserves & fees

Board may establish reserves; North Carolina law may require owner approval of budget (Section 5.03)

Pets

Yes, up to 2 generally recognized household pets; no commercial breeding; no livestock/poultry (Section 7.10)

Parking & vehicles

Commercial vehicles, recreational vehicles, mobile homes, trailers, campers, boats, oversized vehicles, stored or unlicensed/inoperable vehicles prohibited except in enclosed garage (Section 7.15)

Fences

Fences allowed only in rear and sides; material: black-vinyl-coated chain link (Section 7.05)

Architectural approval

Yes, ACC approval required for any exterior construction, alteration, addition, including buildings, fences, walls, patios, swimming pools, landscaping changes, etc. (Section 6.01(a))

Home business

Permitted if no regular customer/client/employee traffic and no sign/logo displayed (Section 7.01)

Insurance

Association must obtain casualty insurance on Common Areas improvements (fire and extended coverage) to full replacement cost; public liability policy with combined single limit of at least $1,000,000; workers compensation; fidelity bond (Section 3.08)

Use restrictions

All lots restricted exclusively to single-family residential use; no commercial, business, or professional purpose, except limited home office and Declarant/Builder sales activities (Section 7.01)

Voting & meetings

Two classes: Class A (owners of Lots, one vote per Lot, fractional for multiple owners) and Class B (Declarant, 5 votes per lot owned). Class A gets full voting rights upon earlier of Declarant's designation or termination of Development Pe (Section 4.03 (a) and (b))

Amendments

During Development Period, Declarant may unilaterally amend subject to Builder approval. After that, amendment requires 67% of Class A votes including 67% of non-Declarant votes, plus Declarant consent if it still owns property. Declarant m (Article X (Sections 10.01, 10.02, 10.03))

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