Woodland Park Owners Association, Inc.

Key facts from Woodland Park Owners Association, Inc.'s documents

Legal name

Woodland Park Owners Association, Inc., a Texas non-profit corporation (Preamble and Art. I, Sec. 1.1)

Developer / declarant

B & M Investors, Inc. d/b/a Woodland Park Development Company, a Texas corporation (First WHEREAS paragraph)

Governing law

Texas law (including Texas Property Code Section 51.002 et seq. for foreclosure) (Art. II, Sec. 2.1; Art. VI, Sec. 6.6)

Assessments & dues

Set annually by Board based on budget; not fixed amount (Art. VI, Sec. 6.1, 6.3)

Special assessments

Board may levy special assessments for unanticipated expenses; automatically effective unless disapproved by 2/3 of Total Association Vote (Art. VI, Sec. 6.4)

Reserves & fees

Capital reserve required as part of budget; transfer assessment funds placed in reserves (Art. VI, Sec. 6.3, 6.10)

Pets

Generally recognized household pets allowed; subject to Board rules on number and size (Art. VIII, Sec. 8.2(c))

Leasing & rentals

Yes, subject to restrictions (Art. VIII, Sec. 8.2(s))

Parking & vehicles

Commercial vehicles prohibited from parking except as service vehicles (Art. VIII, Sec. 8.2(b))

Fences

Not explicitly addressed; any fence, wall, hedge near roadway must not obstruct traffic view; fences generally subject to ARC approval (Art. VIII, Sec. 8.3(d); Art. VII, Sec. 7)

Architectural approval

Yes, for any structure, improvement, exterior alteration, painting, removal of landscaping; exception for interior remodeling except window coverings visible from outside (Art. VII, Sec. 7.1)

Home business

Business activity allowed within Lot if not detectable from outside, conforms to zoning, no regular client visitation, consistent with residential character; garage sales prohibited (Art. VIII, Sec. 8.2(r))

Signs & flags

Posting of signs of any kind prohibited unless required by law or approved by ARC (Art. VIII, Sec. 8.2(a))

Maintenance

Association maintains all exterior building surfaces, which includes roofs (since roof is an exterior surface) – unless specifically excluded (exterior glass, enclosed patio areas, window/door fixtures and hardware) (Art. IV, Sec. 4.1(c))

Insurance

Association must obtain blanket insurance on Townhouses for replacement cost against fire and extended coverage; also property insurance on common facilities, public liability insurance ($1,000,000 minimum), and fidelity bonds (at least 3 m (Art. V, Sec. 5.1(a), (b))

Use restrictions

Lots for single-family occupancy only; occupancy defined as related persons plus up to one unrelated, or up to three unrelated adults as a single household unit (Art. VIII, Sec. 8.2(p))

Voting & meetings

One equal vote per Lot; only one vote per Lot regardless of number of owners; vote exercised as owners determine or suspended if disagreement (Art. II, Sec. 2.3)

Amendments

Amendments require 80% of outstanding votes of Association membership; if changes assessment method, additional 67% of first mortgagees; if affects withdrawal of property, additional 51% of first mortgagees (Art. X, Sec. 10.3a,b,c of Origin (WHEREAS paragraphs citing Art. X, 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.