Stone Park

Key facts from Stone Park's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

340 (Preliminary Statement: Lots 1 through 34)

Developer / declarant

STONE PARK DEVELOPMENT, L.L.C.

Governing law

Nebraska Nonprofit Corporation Act (Article III, Section 3)

Assessments & dues

Maximum: greater of $60.00 per Lot or 125% of previous year's aggregate dues (Article III, Section 9)

Special assessments

Allowed up to $200 per Lot per year for extraordinary costs; can exceed with 60% Member approval (Article III, Sections 10, 11)

Collections & liens

Dues/assessments are a continuing lien on the Lot; Association may foreclose; personal obligation of Owner at time due; lien subordinate to mortgage (Article III, Sections 7, 14, 15)

Reserves & fees

Interest at 16% per annum, compounded annually (Article III, Section 14)

Pets

Yes, but limited: one dog house for one dog; no dog runs, kennels; no livestock or agricultural-type animals (including pot-bellied pigs); no stable (Article I, Section 17)

Parking & vehicles

Trucks/tractors/commercial vehicles allowed only during construction of improvements (Article I, Section 8)

Fences

Prior approval required; must comply with Omaha set back requirements; materials: wood, wrought iron, PVC, or other approved; no chain link; max height 6 feet unless approved (Article I, Section 11)

Architectural approval

Yes, Declarant approval required for any Improvement (including landscaping, above/below ground) (Article I, Section 2)

Signs & flags

One sign per Lot up to 6 sq ft advertising 'For Sale'; no advertising signs or billboards; exemption for Declarant during development (Article I, Section 5)

Setbacks / home size

Max two and one-half stories (Article I, Section 3)

Insurance

Association may purchase insurance for Common Facilities against property damage and casualty, and liability insurance for Association, Board, and Members (Article III, Section 3(d))

Use restrictions

Each Lot shall be used exclusively for single-family residential purposes, except for common facility, church, school, park, or non-profit use (Article I, Section 1)

Voting & meetings

Each Owner of a Lot has one vote on each matter (Article III, Section 2)

Amendments

By Declarant alone for first 5 years; thereafter by instrument signed by at least 60% of Owners; Declarant may waive/modify for individual Lots for first 5 years (Article V, Sections 2, 3)

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