Lagoon & Bay Boatowners Association, Inc.
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What Lagoon & Bay Boatowners Association, Inc.'s governing documents say
This is a declaration of covenants for the Lagoon & Bay Boatowners Association, a small boat dock facility in Wilmington, NC. It governs two boat slips and the shared dock area, not residential homes. The rules bind the two members (owners of specific lots) who have exclusive rights to the slips.
- Membership & voting: The association has exactly two members, each tied to a specific lot (Lot 16 and Lot 17, Block 10, North Shores). Each member gets one vote. Memberships cannot be transferred separately from the lot.
- Boat slip assignment: Slip 1 is assigned to the owner of Lot 16; Slip 2 to the owner of Lot 17. Each member has exclusive use of their assigned slip and a perpetual easement across the other member's lot for access to the common area.
- Assessments & fees: The board sets annual and special assessments (for capital improvements, dredging, or repairs). Special assessments require 100% member approval. Delinquent assessments bear 10% interest and become a lien on the membership.
- Use restrictions: No commercial use, no obnoxious or offensive activity. The board can adopt rules and suspend a member's rights for up to 30 days for rule violations.
- Architectural control: No structures or alterations to the common area, boat slips, or floating docks without written board approval of plans.
- Maintenance & insurance: The association maintains the common area and boat slips (except member-installed boatlifts). It carries property and liability insurance as a common expense. Members may insure their own personal property.
- Duration & amendments: The covenants run for 25 years from recording (2007), auto-renewing every 10 years. Amendments require 100% member vote.
Key facts from Lagoon & Bay Boatowners Association, Inc.'s documents
- Community type
- Covenant / Planned Community
- Legal name
- Lagoon & Bay Boatowners Association, Inc.
- Developer / declarant
- ATB DEVELOPMENT A, LLC and ATB DEVELOPMENT B, LLC
- Assessments & dues
- Determined by Board from time to time based on budget approved at annual meeting (Article III Section 3)
- Special assessments
- For capital improvements requires 100% member approval; for damage caused by member's fault, Board levies special assessment on that member for full cost of repair/replacement (Article III Section 4 and Section 7)
- Leasing & rentals
- Not allowed separately; memberships are transferable only as an incidence or appurtenance to transfer of the ownership of a lot or parcel of land (Article II Section 2)
- Architectural approval
- Yes, all improvements, alterations, or changes to common area or boat slips require prior written approval of Board of Directors (Article V Section 1)
- Signs & flags
- Require prior written approval of Board of Directors (under Architectural Control) (Article V Section 1 (applies to 'sign or)
- Insurance
- Board shall keep property insured against loss or damage by fire or other hazards, and public liability insurance, in amounts reasonably necessary (Article IX Section 1)
- Voting & meetings
- One vote per membership; if multiple owners, they determine one vote (Article II Section 5)
- Amendments
- Declaration may be amended by vote of not less than 100% of total membership cast in person or by proxy at a meeting; amendment certified by Secretary and recorded in Register of Deeds of New Hanover County (Article VII Section 4 (text says Article)
About this HOA
Lagoon & Bay Boatowners Association, Inc. is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Lagoon & Bay Boatowners Association, Inc.: 1 CC&R. Last updated 2026-06-01.