The Summit Lake Lure

Key facts from The Summit Lake Lure's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

FALL CREEK LAND COMPANY, INC.

Assessments & dues

Set annually by Board of Directors considering current costs, accrued debts, and reserves for future needs (Paragraph 12(d))

Special assessments

May be levied by the Association in any assessment year applicable to that year only (Paragraph 12(d)(2))

Collections & liens

Continuing lien and charge against each lot for unpaid assessments, including costs and attorney fees; personal obligation of owner; foreclosure action allowed (Paragraph 12(c), 12(e))

Reserves & fees

Board shall consider reserves for future needs when setting annual assessment (Paragraph 12(d))

Pets

Dogs, cats, horses, or other household pets allowed provided not kept for commercial purposes and not a nuisance (Paragraph 5)

Use restrictions

Yes, lots shall be used for residential purposes only (Paragraph 1)

Voting & meetings

One vote per lot for owners other than Declarant; Declarant gets one vote per lot owned until withdrawal upon sale of 75% of lots (Paragraph 9(b))

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