Sagewood Valley

Key facts from Sagewood Valley's documents

Community type

Covenant / Planned Community

Units / lots

129

Developer / declarant

Celebrity Homes, Inc.

Governing law

Nebraska Nonprofit Corporation Act (Section 20.v)

Assessments & dues

Beginning Jan 1, 2020: $125 per Lot; thereafter, the greater of $125 per Lot or 125% of prior year's aggregate dues (Section 20.xi)

Special assessments

Up to $500 per Lot per year per ordinary special assessment; higher with 75% member approval (Sections 20.xii and 20.xiii)

Collections & liens

Dues and assessments constitute a lien on the Lot, subordinate to mortgages; Association may foreclose (Sections 20.ix, 20.xvii)

Pets

Dogs, cats, or household pets maintained within dwelling; no commercial breeding (Section 4)

Parking & vehicles

Boats, campers, trailers may be stored only in enclosed structure and not more than 7 days per year; no vehicle repair or storage on lot unless enclosed; no boat, camper, trailer, motor home, semi-trailer, tractor, commercial truck parked > (Section 10)

Fences

Fences must be behind the front line of the structure; permitted materials: wood, vinyl, black vinyl chain link; no fencing on Lots 1-34; perimeter lots (113-129 and abutting 180th/Fort St) must have 6 ft tan vinyl fencing per Exhibit A (Section 5)

Architectural approval

Yes, for any external improvement, grading, excavation, tree removal; written approval from Developer or designee; transfers to Association when last lot sold (Section 13)

Setbacks / home size

Must conform to applicable laws and ordinances (Section 2)

Use restrictions

Lots may be used only for residential purposes, schools, parks, or churches (Section 1)

Voting & meetings

Each Lot owner (Class A) has one vote per Lot; Declarant (Class B) has ten votes per Lot owned until conversion (Section 20.iv)

Amendments

Declarant has sole power to amend for first 10 years; thereafter, amendment requires approval of 75% of Lot owners (Section 19)

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