Cold Springs Property Owners Association

Key facts from Cold Springs Property Owners Association's documents

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

Community type

Property Owners Association (HOA) – not a condominium (Title and content (no common element own)

Developer / declarant

Cold Springs Development Company, Inc. (released development rights to Association in 1978) (Page 1, Whereas recitals)

Assessments & dues

Board of Directors establishes budgets (capital and operating) and levies assessments; members vote on budgets as per By-Laws. (Section 29: 'Association shall assess Lo)

Collections & liens

Unpaid assessment plus interest/fees becomes a lien upon filing with Macon County Clerk of Court. Association may foreclose lien or bring personal action. Attorney fees recoverable. (Section 29: 'unpaid amount... shall be a)

Reserves & fees

Interest at 12% per annum on unpaid assessments after 30 days. (Section 29: 'interest from the due date )

Pets

Only domestic pets allowed. Dogs must be restrained by leash or immediate voice command when outside dwelling. Two violations result in removal of the dog from Subdivision. (Section 24)

Leasing & rentals

Yes, governed by 'Rental Rules for Owners and Renters' approved July 6, 2019. (Section 2, 20)

Parking & vehicles

Not allowed – 'No vehicle shall be allowed to remain parked on any bridge or on or adjacent to any roadway... unless a licensed driver is in or in close proximity.' (Section 16)

Architectural approval

Prior written approval required for any building, structure, modification, excavation, fill, stream alteration, and painting/repainting of exterior. Plans and specs must be submitted. (Section 7)

Home business

Home occupations allowed if they do not more than occasionally entail customers, suppliers, delivery trucks, or increase traffic; must not violate other provisions. (Section 2)

Setbacks / home size

At least 1,600 square feet of heated living space (exclusive of open porches and garages). (Section 6)

Use restrictions

All Lots shall be used exclusively for residential purposes, subject to use limitations and rental rules. (Section 2)

Voting & meetings

One vote per Lot (Section 29, final paragraph: 'only one v)

Amendments

Non-material changes: majority of Lot Owners submitting valid proxies and present/voting at Annual Meeting. Material changes (subdividing, house size, setbacks, permitted structures, construction standards) may be made only as provided in p (Section 32, also Sections 4,5,6)

Amenities

Lake, tennis courts, pastures, barn (stable), and other recreational facilities. All for sole use of owners, permitted household guests, and (under conditions) renters. (Preamble, Sections 21, 22, 23, 25)

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