Wesley Springs

Key facts from Wesley Springs's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association named Wesley Springs Homeowners Association, Inc.) (Article 1.05, Article 8.01)

Developer / declarant

Centex Homes, a Nevada general partnership (Preamble (page 1, BK 1738 PG 575))

Governing law

North Carolina Planned Community Act (Chapter 47F, North Carolina General Statutes) (Article 1.01)

Age restriction

Not present.

Assessments & dues

Initial maximum regular annual assessment: $450.00 per Lot for Class A Members; $50.00 per Lot for Class B Members (if other than Centex Homes); Centex Homes Lots $50.00 per year. (Article 9.05)

Special assessments

Board may levy special assessments for capital improvements; if exceeds 5% of budgeted gross expenses, needs 67% vote of each class (if two-class structure) or 67% of total voting power and of non-Declarant voting power. (Article 9.06)

Collections & liens

Unpaid assessments become a lien on the Lot after recording notice of assessment; may be foreclosed in accordance with North Carolina law. (Article 9.01)

Reserves & fees

Board shall establish and maintain reserves for Common Area replacements; budget must include at least amount established in initial budget unless lower level approved by majority vote. (Article 9.04)

Pets

Yes, dogs, cats, or other household pets may be kept, not for commercial purposes; number limited to 3 outdoor-type pets (dogs, cats, etc.) plus newborn offspring under 9 months. (Article 7.08(a))

Leasing & rentals

Yes, owners may lease or rent their Lots subject to restrictions. (Article 4.03(b))

Parking & vehicles

Not specifically addressed; but no obstruction of streets allowed (Article 7.02). (Article 7.02, 7.03)

Fences

Fence plans must be approved by architectural committee. No fence closer to street than line formed by rear wall of dwelling extended to side lot lines. Maximum height 6 feet. No more than 80% solid surface; chain link prohibited. Brick or (Article 7.07)

Architectural approval

Yes, architectural control committee (or Board) approval required for any building, structure, fence, wall, exterior addition, change, etc., except interior alterations. Application with plans required. (Article 13.01)

Home business

Permitted if consistent with local zoning and does not unduly burden traffic or cause non-resident vehicle parking issues; Board discretion on case-by-case basis. (Article 7.01)

Setbacks / home size

Not specifically listed; general architectural control and building lines apply. (Article 13.01, 7.07)

Maintenance

Owner responsible for replacement/reconstruction of improvements on Lot (including roof). (Article 6.02)

Insurance

Association shall maintain fire, extended coverage casualty insurance on Common Area at full insurable value, plus liability insurance adequate to protect Association and Owners. (Article 10.02(a))

Use restrictions

Lots shall be used as a residence for a single family and for no other purpose, except certain home businesses allowed if not conflicting with zoning and not unduly burdening traffic. (Article 7.01)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – 1 vote per Lot; Class B (Declarant) – 3 votes per Lot. Class B ceases upon sale of 75% of Lots or 10 years after first Lot sale. (Article 8.03)

Amendments

Termination requires 80% vote of total Voting Power and written consent of 80% of Mortgagees (or lesser as Act permits); if two-class structure, FHA approval needed (Article 2.03). Amendment of Section 7.12 requires 75% vote of each class ( (Article 2.03, 7.12)

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