Stonewater

Key facts from Stonewater's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (StoneWater Owners Association, Inc.) (Original Declaration: creation of StoneW)

Units / lots

Not explicitly stated; but there are numerous lots described: Off Water Lots (Lots 1-8,10-20,25,27-35,52-63,72-89,91), Waterfront Lots (Lots 36-51, 64-71), Pebble Bay (60-72), Granite Ridge (not enumerated), plus others. Exact count not det (Article I, Sections 32, 35, 44)

Developer / declarant

STONEWATER BAY PROPERTIES, LLC (Cover page (Amendment) and original Decl)

Age restriction

Not present.

Assessments & dues

Initial Annual Assessment not specified; set by Board. Max increase per year is greater of 10% or CPI increase. Additional increase above max requires vote of majority of lots plus Declarant consent (if Declarant owns any part). (Article V, Section 4(a) and 4(b))

Special assessments

Special Assessments may be levied for capital improvements, reconstruction, etc., with approval of Declarant (if owns part) and majority vote of lots. Special Individual Assessments for damages or fines. (Article V, Sections 5 and 6)

Collections & liens

Assessments are a continuing lien against the Lot and personal obligation of Owner. Association may foreclose lien. Lien subordinate to first mortgages. (Article V, Section 1; Article VII, Secti)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair, replacement of Common Areas and Roadways, and unanticipated expenses. (Article IV, Section 7; Article VI, Secti)

Leasing & rentals

Yes, with minimum term of 6 months, must be in writing, and tenant must comply with all provisions. (Article VIII, Section 1)

Parking & vehicles

Not permitted for commercial vehicles and recreational vehicles; other vehicles may be restricted by rules. (Article VIII, Section 17(c) and (d))

Architectural approval

Architectural Control Committee approval required for any structure, improvement, alteration, fence, sign, etc. (Article VIII, Sections 1, 2, 5, 6, 7, 10)

Setbacks / home size

Waterfront Lots: 1-story min 2,000 sq ft total, 2,000 ground; 1.5 story etc. min 2,400 total, 1,600 ground; 2 story min 2,600 total, 1,300 ground. Off Water Lots: 1-story min 1,600 total/ground; 1.5 story min 2,100 total, 1,400 ground; 2 st (Article VIII, Section 2)

Use restrictions

Each Lot shall be used exclusively for single-family, non-transient residential purposes, except for Declarant's construction/sales offices and approved home businesses. (Article VIII, Section 1)

Voting & meetings

Two classes: Class A (all other lots) – one vote per lot; Class B (lots owned by Declarant) – four votes per lot. Class B ceases upon earliest of: (a) date Declarant owns no part of Property; (b) Declarant's election to convert; (c) convers (Article IV, Sections 2 and 3)

Amendments

Declarant has the right to amend the Declaration pursuant to Article XV, Section 2 of the Second Supplemental Declaration (not provided). Original Declaration: Amendment requires written consent of Declarant (so long as Declarant owns any p (Amendment recitals; original Declaration)

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