Waterford Estates Homeowners Association

What Waterford Estates Homeowners Association's governing documents say

This is a set of meeting minutes and financial statements from the Waterford Estates Homeowners Association (Lincoln, NE), which governs a single-family home community. This document is a record of the 2017 annual meeting, not the rules or covenants themselves. It reflects the association's operations, budget, and discussions, but does not contain the binding restrictions that typically govern homeowners.

• What this document covers: Minutes from the 2017 annual meeting, including a development update, financial reports for the HOA and the separate Waterford Lake Association, lot ownership and voting rights (Developer controls the association), and homeowner questions (e.g., dump site, tree planting, covenant enforcement, signage, lake geese).
• Membership & voting: All single-family lots are members of both the HOA and the Lake Association. The Developer owns 80 lots and holds 100 votes per lot, giving the Developer control of the association and the ability to re-elect directors.
• Budgets & dues: The 2017 HOA budget is $72,450; no dues increase was anticipated. The Lake Association's 2017 budget is $40,000 (same as 2016). Financial statements for both associations are included, showing 2016 income and expenses.
• Lake Association: A separate lake association exists; the HOA contributes to it on behalf of lots. Lake costs include electric pumps, chemicals, insurance, and accounting.
• What this document does NOT cover: This document does not contain the community's covenants, rules, or restrictions (e.g., architectural standards, pet rules, leasing limits, parking rules). For those, you must review the Declaration of Covenants, Conditions, and Restrictions (CC&Rs) and any adopted rules.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.