Somerset (NE)

Key facts from Somerset (NE)'s documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Somerset Homeowners Association (Article III section 1: "SOMERSET HOMEOWN)

Units / lots

114 (Preliminary Statement: "Lots 1 through 1)

Developer / declarant

ROGERS BROS., INC.

Assessments & dues

Maximum $60.00 per Lot per year, or 125% of previous year's aggregate, whichever greater (Article III section 9: "Sixty Dollars ($)

Special assessments

Board may levy assessments for extraordinary costs up to $200.00 per Lot per calendar year; excess assessment requires 75% Member approval (Article III sections 10, 11)

Collections & liens

Dues and assessments are a continuing lien on the Lot; Association may foreclose lien; personal obligation does not pass to successor unless expressly assumed, but successor takes subject to lien (Article III sections 7, 13, 14)

Reserves & fees

Interest at 15% per annum on delinquent dues/assessments (Article III section 14: "bear interest f)

Pets

One dog allowed with approved dog house; no livestock or agricultural-type animals (including pot-bellied pigs); no dog runs or kennels (Article I section 16)

Parking & vehicles

not explicitly addressed, but streets are mentioned; grading equipment prohibited in streets (Article I section 8: "no grading ... equ)

Architectural approval

Yes, for all external improvements during the 15-year period from filing, thereafter subject to same restrictions (no explicit expiration of architectural control) (Article I section 2)

Signs & flags

One sign per Lot not exceeding 6 square feet advertising Lot "For Sale"; no other advertising signs, billboards (Article I section 5)

Setbacks / home size

Minimum front set back of 25 feet for residences (Article I section 3)

Maintenance

not explicitly allocated; owner likely responsible

Insurance

Association may purchase insurance covering Common Facility against property damage and casualty, and liability insurance for Association, Board, Members (Article III section 4C)

Use restrictions

Each Lot shall be used exclusively for single-family residential purposes, except for Common Facilities, church, school, park, or other non-profit use (Article I section 1)

Voting & meetings

One vote per Lot Owner (Article III section 2: "The Owner of eac)

Amendments

Declarant may amend within 3 years from date hereof in its discretion; thereafter amendment requires instrument signed by owners of not less than 75% of Lots (Article V section 2)

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