Ridge Pointe

Key facts from Ridge Pointe's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family homeowner association (Definition of 'Lot' as residential and ')

Legal name

Ridge Pointe Homeowners Association of Edmond, Inc. (Declaration preamble and Article I)

Developer / declarant

Rustic Creek Development Co., an Oklahoma general partnership composed of Bob Everson Homes, Inc. and Enterprises, Inc. (Declaration preamble)

Assessments & dues

Maximum for 1995-1996 not specified; later increases limited by formula. (Article X, Section 3 (amount illegible))

Special assessments

Allowed for capital improvements, reconstruction, unexpected repair. Requires assent of two-thirds of members of each class; maximum amount per year shall not exceed twice the annual assessment for that class. (Article X, Section 4)

Collections & liens

Assessments (and interest, costs) are a lien on the property, superior to all except first mortgage, and may be foreclosed in accordance with Oklahoma law. (Article X, Section 1 and Section 8)

Reserves & fees

18% per annum interest on delinquent assessments (Article X, Section 8: 'bear interest ...)

Pets

Yes (Article III, Section 19)

Leasing & rentals

Yes, for residential purposes. (Article III, Section 10: 'Lease or renta)

Architectural approval

Yes, for any construction, erection, exterior alteration, fences, unless installed by Declarant in initial construction. (Article IV, Section 24)

Home business

Lease or rental for residential purposes not considered a business. (Article III, Section 10)

Setbacks / home size

Buildings shall not be located nearer to property lines than as designated on the recorded plat (Building Limit Line). (Article III, Section 12)

Maintenance

Owner responsible for maintenance of Lot and residence (including fences, sidewalks not Association's). Association responsible for Common Area maintenance: perimeter fencing, sidewalks, pipes, wires, streets, greenbelts, entry island. (Article VI, Section 1 (Owner) and Sectio)

Insurance

Association shall obtain insurance on Common Area for fire, extended coverage, vandalism, malicious mischief, full replacement cost, and public liability. (Article VII, Section 1)

Use restrictions

Lots shall be used for residential purposes only; no trade or business. (Article III, Section 10)

Voting & meetings

Class A members (all except Declarant) have one vote per Lot; Class B members (Declarant) have three votes per Lot. When total Class A votes equal or exceed Class B votes, or five years after recording/conveyance of 75% of lots, Class B con (Article V, Section 2)

Amendments

By instrument signed by more than 75% of Class A and Class B members (as provided for unilateral annexation) and recorded. (Article XIII, 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.