Monterey Farms at Marys Creek

Key facts from Monterey Farms at Marys Creek's documents

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

Community type

residential_subdivision (Design as 'Monterey Farms at Mary's Cree)

Legal name

Monterey Farms at Mary’s Creek

Developer / declarant

Monterey Farms at Mary’s Creek, LLC (also Phillip H. McNeill as initial Declarant) (Declarant defined in Art. I Sec. 2; also)

Governing law

Tennessee Nonprofit Corporation Act (Exhibit C: Charter references 'Tennessee)

Assessments & dues

Until December 31, 2001, maximum $100 per month per parcel. After, set by Board. (Art. VI Sec. 11: 'maximum assessment sha)

Special assessments

Levy for capital improvements, unexpected repair/replacement, with assent of 2/3 of votes eligible to be cast. Notice 10-30 days in advance. (Art. VI Sec. 3)

Collections & liens

Unpaid assessments become lien; Association can foreclose by public sale after 21 days notice in newspaper and written notice. Lien subordinate to prior mortgages. Power of sale granted. (Art. VI Sec. 5, 7, 8)

Reserves & fees

May be set by Board of Directors (Art. VI Sec. 5: 'may, by resolution of t)

Pets

Dogs, cats, or other household pets may be kept, not for commercial purposes. (Art. VIII Sec. 2(d))

Parking & vehicles

Included in prohibition: boats, boat trailers, house trailers, camping trailers, motorcycles, all terrain vehicles, pick-up trucks. (Art. VIII Sec. 2(i))

Fences

All fences facing private road must be approved. No privacy/sight-proof fences on property line. Split rail fence installed by Developer maintained. No fence within 30 feet of pavement. (Art. VIII Sec. 2(p))

Architectural approval

Yes, for any structure, fence, barrier, exterior alteration, addition, landscaping change, new use. (Art. VII Sec. 2)

Signs & flags

One 'for rent' or 'for sale' sign per parcel, max 5 square feet. No other advertising signs, billboards, unsightly objects. (Art. VIII Sec. 2(e))

Setbacks / home size

Front: 100 ft; Side: 30 ft; Rear: 60 ft. Exceptions with ARC approval and not conflicting with AG district regulations. (Exhibit B Notes (page 31): 'SETBACKS: (F)

Maintenance

Not specifically addressed, but re-roofing would be exterior maintenance requiring ARC approval if substantially alters appearance. (Art. VII Sec. 2 (changes in re-roofing m)

Insurance

Association must obtain insurance for all insurable improvements on private roads, public liability policy covering private roads, Association and members. Also worker's comp and fidelity bond. (Art. X Sec. 1)

Use restrictions

Yes, Parcels 1-26 for private residential purposes only. (Art. VIII Sec. 1)

Voting & meetings

Each Parcel Owner entitled to one vote per parcel owned; Developer entitled to three votes per parcel until 3 years after first conveyance, then one vote. (Art. III Sec. 2)

Amendments

By instrument signed by Owners holding not less than 67% of votes. Any amendment must be recorded. For first 3 years, also Declarant approval. Declarant may unilaterally amend for 5 years for government/lender/development reasons. (Art. XIII Sec. 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.