Stone Fudge Estates Restrictivf, 1 HOA

Key facts from Stone Fudge Estates Restrictivf, 1 HOA's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

63 lots (Lots 1-7 Block 1, Lots 1-9 Block 2, Lots 1-25 Block 3, Lots 1-12 Block 4, Lots 1-6 Block 5, Lots 1-4 Block 6) plus Outlots A, B, C (Preamble)

Developer / declarant

Ridge Development Company and Southview, Inc.

Assessments & dues

$75 per year per lot initially (Section 26)

Special assessments

May be levied by Board; special assessment for capital improvements may be rejected by majority vote within 30 days (Section 26)

Collections & liens

Dues and assessments are personal obligation and when recorded become a lien on the lot (Section 26.c)

Reserves & fees

Late charge not exceeding 10% of delinquent assessment or $20, whichever greater (Section 26.b.ii)

Fences

Fences shall not be constructed closer to the street than the front elevation of the dwelling and shall be constructed with the finished side facing the lot line (Section 4.a)

Architectural approval

true (Section 2)

Use restrictions

true (Section 1)

Voting & meetings

Class A (all except Owner): one vote per lot; Class B (Owner): ten votes per lot; Class B converts to Class A when total Class A votes equal Class B votes (Section 16)

Amendments

Covenants may be terminated or modified by owners of two-thirds of lots; provisions regarding membership and Commons maintenance cannot be terminated without consent of City of Lincoln (Section 29)

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