Mil-Cut Business Park
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What Mil-Cut Business Park's governing documents say
Mil-Cut Business Park is a commercial/industrial planned development in Wilmington, NC, governed by a homeowners' association (Mil-Cut Business Park Owner's Association, Inc.). This document is the full declaration of covenants, conditions, and restrictions (CC&Rs) that apply to lot owners and occupants. It covers property rights, assessments, architectural control, and use restrictions for the business park.
- Property rights & common area: Each lot owner has an easement to use the common areas (private streets, detention ponds, etc.), subject to association rules and fees. The association may grant easements, dedicate common areas, or borrow money for improvements with member approval.
- Assessments & fees: Annual assessments start at $500 per vote per lot (each lot has 1 vote) and can be increased up to 10% per year by the board without owner approval; larger increases require 2/3 owner vote. Special assessments for capital improvements require majority approval. Late fees are $15/month (max $150) plus 12% annual interest.
- Leasing & rentals: Leases must be in writing and subject to the declaration, articles, and bylaws. The lot owner remains ultimately responsible for assessments. There are no other restrictions on leasing.
- Architectural review: All exterior improvements, landscaping, grading, paint color changes, and construction require prior written approval from the Declarant (for 10 years) or an Architectural Control Committee. Plans not acted on within 30 days are deemed approved. Appeals may be made to the board.
- Use restrictions: Lots 1 and 2 must be used for business or commercial purposes only. No residential use is permitted. Lot recombination or subdivision requires approval.
- Maintenance & construction deadlines: Owners must keep lots clean and orderly. Construction must commence within 12 months of plan approval and be completed within 15 months of permit issuance, or face a $50/day fine. Damaged improvements must be restored or debris removed within 12 months.
- Enforcement & violations: The association or any owner may enforce the rules. Violations may be cured by the association at the owner's expense, plus 10% liquidated damages. Nonpayment of assessments creates a lien and personal obligation.
Key facts from Mil-Cut Business Park's documents
- Community type
- Commercial Business Park (Recitals: 'developing the Property for a)
- Legal name
- Mil-Cut Business Park Owner's Association, Inc. (Section 1.1)
- Units / lots
- 2 (initially Lots 1 and 2) (Section 1.6: 'Lots shall consist of Lots)
- Developer / declarant
- Mil-Cut Ventures, LLC (Preamble)
- Assessments & dues
- $500 per vote per lot initially (until December 31 of year of first lot conveyance) (Article V, Section 3)
- Special assessments
- For capital improvements; approved by majority vote of members; notice 30-60 days in advance (Article V, Section 4)
- Collections & liens
- Assessments, fines, late fees, costs, attorney's fees are a continuing lien on the lot; can foreclose like deed of trust under North Carolina law (Article V, Sections 1 and 7)
- Reserves & fees
- $15 per month for each month unpaid after 30 days, maximum $150 per delinquent assessment per lot (Article V, Section 7)
- Leasing & rentals
- Yes, there are no restrictions on right to lease (except compliance with Declaration and written lease required) (Article II, Section 4)
- Architectural approval
- Plans submitted to Declarant or ACC; if not approved/modified/disapproved within 30 days, approval deemed granted (Article VI, Section 4)
- Signs & flags
- Signs are part of Improvements; require prior approval under architectural control; directory signage is part of Common Area (Article I, Section 5 (Improvements inclu)
- Maintenance
- Owner responsible for keeping its lot and improvements in safe, clean, neat, orderly condition. Association responsible for common area maintenance (private streets, stormwater, detention ponds, etc.) (Article VII, Section 3(a); Article V, Se)
- Use restrictions
- Each Owner and Occupant must keep lot in safe, clean, neat and orderly condition and prevent rubbish accumulation (Article VII, Section 3(a))
- Voting & meetings
- One vote per lot; total 2 votes for Lots 1 and 2; additional lots get 1 vote each (Article IV, Section 1)
- Amendments
- By instrument signed by owners holding at least 67% of outstanding votes plus Declarant (while control); must be recorded. No owner consent required for vote reallocation or annexation by Declarant under Section 4(b). (Article IX, Section 3)
About this HOA
Mil-Cut Business Park is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Mil-Cut Business Park: 1 CC&R. Last updated 2026-06-01.