Silverthorne Community Association, Inc.

Key facts from Silverthorne Community Association, Inc.'s documents

Community type

Homeowners Association (non-profit corporation) (Introduction: 'Silverthorne Community As)

Governing law

Texas Business Organizations Code (for nonprofit corporation); Texas Property Code Chapter 209 (referenced in Fine Policy) (Certificate of Formation: 'under the Tex)

Assessments & dues

By Board of Directors per Covenant; Bylaws authorize Board to fix assessments. (Bylaws Section 6.1(g)(1))

Special assessments

Permitted; Board may adopt or increase a special assessment; special meetings require notice. (Bylaws Section 5.1(b) (actions requiring)

Collections & liens

Assessments secured by lien; foreclosure permitted for assessments but not for fines alone. (Bylaws Section 6.1(g)(2) (foreclosure); )

Reserves & fees

$25 per month; also interest at highest rate allowed or 1.5% per month. (Assessment Collection Policy, Section 1-)

Architectural approval

Referenced; Bylaws Section 5.11(g) mentions appeals from denial of architectural control approval; Fine Policy includes 'Unauthorized Construction or Modification of Improvements' as violation category. (Bylaws Section 5.11(g); Fine Policy Sche)

Maintenance

Not detailed in this document; Association responsible for Common Areas per Introduction. (Introduction: 'Association’s roles inclu)

Use restrictions

Implied; community manual refers to 'Residential' in Master Covenant name. (Title: 'Silverthorne Master Covenant [Re)

Voting & meetings

Determined as set forth in the Master Covenant. (Certificate of Formation, Article VII; B)

Amendments

Certificate of Formation: by Declarant during Development Period or by Majority of Board with Declarant approval. Bylaws: by Declarant until end of Development Period or by Majority of Board with Declarant consent. Fine Policy: by Board. (Certificate of Formation Article XIV; By)

Amenities

Common Areas and Community amenities referenced but not detailed. Probably pool, clubhouse, etc., but not specified in this document. (Introduction: 'Common Areas and Communit)

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