Collierville Farms

Key facts from Collierville Farms's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Planned Development (Article I, Section 9 & throughout)

Units / lots

52 (Lots 54 through 105 inclusive) (Article IX, Section 1)

Assessments & dues

Amount set by Board of Directors at least 30 days in advance of each annual assessment period. (Article VI, Section 2)

Special assessments

Levied by Association with assent of Members representing 2/3 of total votes. Written notice 10-30 days in advance. (Article VI, Section 3)

Collections & liens

Unpaid assessments become a lien on the Lot. Association may foreclose by suit or exercise power of sale (public outcry) after 21 days advertisement. Sale subordinate to prior mortgages. Proceeds applied to expenses, taxes, prior liens, the (Article VI, Sections 5 and 7)

Reserves & fees

Annual assessment includes cost of funding reserves, including general operating reserve and/or replacement reserve. (Article VI, Section 2(d))

Pets

Yes, usual household pets only. (Article IX, Section 2(n))

Parking & vehicles

Not specifically addressed.

Fences

Front yard: max height 3'6". Rear yard: privacy fence max 6', located 3' from rear property line. Side yard: privacy fence cedar max 6' with coordination with adjacent owner. (Article VIII, Section 3(D))

Architectural approval

Yes, for any structure, fence, barrier, exterior alteration, landscaping change, or new use. Plans must be submitted to Architectural Control Committee. (Article VIII, Section 2)

Signs & flags

One (1) sign not more than 5 square feet per Lot for ‘for rent’ or ‘for sale’. No other advertising signs, billboards, unsightly objects. (Article IX, Section 2(d))

Setbacks / home size

Front: 30 ft. Side: 5 ft minimum. Rear: 25 ft minimum principal structure or garage. (Article VIII, Section 3(B))

Maintenance

Owner responsible for maintenance of their own improvements (including roof). (Article V, Section 2 (general exterior m)

Insurance

Policy may contain reasonable deductible; amount added to face value for replacement cost; deductible paid by party responsible for repair in absence of insurance. (Article X, Section 1)

Use restrictions

Lots 54-105 shall not be used except for private residential purposes. All buildings must be single-family houses. (Article IX, Section 1 and Section 2(a))

Voting & meetings

Each Owner of a Lot: 1 vote per Lot. Developer: 10 votes per Lot for first 3 years after first conveyance, then 1 vote per Lot. (Article III, Section 2 & Bylaws Article )

Amendments

Declaration may be amended by instrument signed by Owners holding not less than 75% of votes. During first 2 years, also approved by Declarant. Declarant may unilaterally amend for requirements of governmental agencies or mortgage lenders f (Article XII, Section 1)

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