Waterside Las Colinas Homeowners' Association, Inc.

Key facts from Waterside Las Colinas Homeowners' Association, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners' Association (Section 1.1 (Association defined as nonp)

Legal name

Waterside Las Colinas Homeowners' Association, Inc.

Assessments & dues

Maximum initial annual assessment $100 per Lot until January 1st after first Lot sale; thereafter adjustable (Section 3.4)

Special assessments

May be levied with 67% Class Vote of Members present in person or proxy at meeting with quorum (Section 3.5)

Collections & liens

Continuing lien on each Lot for delinquent assessments, interest, fees; enforceable by foreclosure subject to Texas Property Code; subordinate to first mortgage; foreclosure of first mortgage extinguishes prior assessments only (Section 3.13)

Reserves & fees

Association may establish reserve fund for periodic maintenance, repair, replacement of Screening Wall (Section 3.3)

Voting & meetings

Two classes: Class A (all Owners, one vote per Lot); Class B (Declarant, ten votes per Lot during Class B Control Period) (Section 2.2)

Amendments

By written consent of Members holding 67% of votes (all classes); Declarant may amend unilaterally before first Lot sale or for compliance/corrections without material adverse effect (Section 5.2)

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