Sagewood II Townhomes

Key facts from Sagewood II Townhomes's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

townhome (Title: SAGEWOOD II TOWNHOMES)

Legal name

Sagewood II Townhome Owners Association

Developer / declarant

Celebrity Homes, Inc., a Nebraska corporation (Preamble, signature block)

Assessments & dues

Maximum $1,500 per Lot initially; Board may fix amount up to maximum (Article III, Section 3)

Special assessments

For capital improvements or extraordinary expenses with assent of two-thirds of votes eligible to be cast at a meeting (Article III, Section 11)

Reserves & fees

Interest at maximum rate allowable by law on delinquent assessments after 30 days (Article III, Section 9)

Pets

Non-exotic household pets only; no commercial breeding; no livestock, poultry (Article VII, Section 1(b))

Architectural approval

30 days after submission; failure to act is deemed disapproval (Article V)

Home business

Personal business records/correspondence allowed; but no displays or signs; no trade or business conducted in or from Lot (Article VII, Section 1(a))

Signs & flags

For Sale signs allowed up to 9 sq ft; no For Rent signs; Association may remove violating signs or fine $10/day (Article VII, Section 1(a))

Maintenance

Association may repair/replace roofs if owner fails to maintain, after 2/3 board vote; cost added to assessment (Article IV, Section 2)

Insurance

Association provides general liability coverage; may provide additional insurance as deemed appropriate (Article IX, Section 2, Section 3)

Use restrictions

Lots restricted exclusively to residential use; no trade or business except by Declarant (Article VII, Section 1(a))

Voting & meetings

First meeting: 20% of each class; subsequent meeting: one-half of preceding quorum (10%). Notice: 30-60 days. (Article III, Section 4)

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