Sorano ( Frisco) Homeowners' Association

Key facts from Sorano ( Frisco) Homeowners' Association's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners' Association (nonprofit corporation) (Corporate Certificate p.1, Certificate o)

Units / lots

130 (Plat note: '130 Lots (SF3 Standards)')

Governing law

Texas Business Organizations Code (Certificate of Formation p.1 (recital); )

Assessments & dues

Board adopts annual budget, including operating costs, working capital, reserves, then levies assessments against Owners. (Bylaws Sec. 6.1)

Collections & liens

Assessments constitute a lien on the Lot; Board may foreclose the lien and enforce collection by legal means. (Bylaws Sec. 6.1(c), 7.1(e))

Reserves & fees

Budget may include reserves for contingencies and replacements. (Bylaws Sec. 6.1(b)(2))

Maintenance

Association responsible for maintenance, operation, care, upkeep, replacement of Common Areas; Board may hire personnel. Owners responsible per Declaration for their Lots. (Bylaws Sec. 3.2(c), (d), 6.4)

Voting & meetings

Class A Members (all Owners): 1 vote per Lot; Class B Member (Declarant): 10 votes per Lot owned until Class A votes equal Class B or 15 years from recording of Declaration. No cumulative voting. Only one vote per Lot (multiple owners). No (Bylaws Sec. 2.1, 2.6; Declaration Sec. 4)

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