Hidden Prairie at Kelley Pointe

Key facts from Hidden Prairie at Kelley Pointe's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Assessments & dues

Board prepares budget estimating Common Expenses for coming year, including capital contribution to reserve fund. Base Assessment level is adopted by Board. (Section 8.1, 8.2, 8.3)

Special assessments

Allowed for unanticipated costs; must be approved by vote of Members owning at least 67% of Class 'A' votes (or by Board if emergency) unless Declarant otherwise agrees. (Section 8.5)

Collections & liens

The Association has a lien on each Unit for unpaid assessments, prior to all other liens except taxes and first mortgages. Enforcement by foreclosure. (Section 8.8)

Reserves & fees

The budget shall include a capital contribution to a reserve fund in accordance with a separately prepared budget. (Section 8.1)

Pets

true; common household pets may be kept in a Unit (Use Restrictions paragraph (c))

Leasing & rentals

true; leasing permitted but must be in writing. Board may require minimum lease term. (Use Restrictions paragraph 4)

Architectural approval

true; prior written approval required for any Work (construction, alteration, etc.) on any portion of the Property. (Section 4.2(a))

Home business

Prohibited unless (i) activity is within Unit and not apparent from outside, (ii) conforms to all zoning ordinances, (iii) does not increase traffic or parking, (iv) does not violate other restrictions. Business defined broadly. (Use Restrictions paragraph (q))

Signs & flags

Regulated by Association; no signs except as permitted. (Implied by Section 3.4(b) regarding signs or symbols on Units, and Use Restrictions (p) on exteriors.) (Section 3.4(b); Use Restrictions paragra)

Maintenance

Owner responsible for maintenance of their Unit (including interior and exterior) and any Areas of Common Responsibility. Association responsible for Common Area. Owner must maintain in condition consistent with Community-Wide Standard. (Article V: Sections 5.1, 5.2, 5.3)

Insurance

Association shall maintain property insurance on Common Area (replacement cost), commercial general liability insurance, workers' compensation, fidelity insurance covering Association funds (at least sum of annual assessments plus reserves) (Section 7.3(a)(i)-(vi))

Use restrictions

true; Property shall be used only for residential purposes consistent with the Declaration. (Use Restrictions paragraph 1)

Voting & meetings

Class 'A' Members (all Owners except Declarant) have one vote per Unit; Class 'B' Member (Declarant) has votes as provided in By-Laws. No vote may be cast by more than one Owner of a Unit. (Section 6.3(a), (b), (c))

Amendments

Until termination of Class 'B' Control Period, Declarant may unilaterally amend for certain purposes (e.g., conforming to law, lender requirements, insurance). Thereafter, amendment requires instrument signed by at least 67% of Class 'A' Me (Article XVII: Sections 17.1, 17.2)

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