Falcon Ridge Re

Key facts from Falcon Ridge Re's documents

Community type

Covenant / Planned Community

Units / lots

252

Developer / declarant

FALCON RIDGE LAND CORP.

Governing law

Nebraska Nonprofit Corporation Act (Article III, Section 3)

Assessments & dues

Maximum aggregate dues per year: greater of $125.00 per lot or 125% of previous year's aggregate dues (Article III, Section 9)

Special assessments

Board may levy assessments for extraordinary costs up to $200 per lot per calendar year (Article III, Section 10)

Collections & liens

Dues and assessments are a continuing lien on the lot; Association may foreclose the lien and recover interest, costs, and reasonable attorneys' fees (Article III, Sections 7, 14)

Reserves & fees

16% per annum interest, compounded annually, from due date (Article III, Section 14)

Pets

Dogs, cats, or other household pets may be kept if maintained within the residential structure, not for commercial purposes, and confined to the lot of their owner (Article I, Section 16)

Architectural approval

All Improvements (residence, buildings, fences, walls, pathways, driveways, patios, decks, etc.) require prior written approval by Declarant (Article I, Section 2)

Signs & flags

One sign per lot advertising 'For Sale', not exceeding 6 sq ft; no other advertising signs, billboards, unsightly objects; no streamers, posters, banners, balloons, exterior illumination without Declarant approval. Business activities signs (Article I, Section 5)

Use restrictions

Each Lot shall be used exclusively for single-family residential purposes (Article I, Section 1)

Voting & meetings

Owner of each lot is entitled to one vote on each matter properly coming before the Members (Article III, Section 2)

Amendments

For first 5 years from date of Declaration, Declarant may amend in its full and absolute discretion; thereafter, amendment requires instrument signed by owners of not less than 75% of lots (Article V, Section 2)

Amenities

Potential common facilities: swimming pools, tennis courts, health facilities, playgrounds, parks, roads, paths, green areas, signs, entrances – not yet specified which are built (Article III, Section 1A)

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