Valley Ridge Homeowners Association, Inc.

Key facts from Valley Ridge Homeowners Association, Inc.'s documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Valley Ridge Homeowners Association, Inc.) (Preamble (Page 1) and A-1(A) (Page 1-2))

Legal name

Valley Ridge Homeowners Association, Inc.

Units / lots

374 (Lots 1-374 inclusive per Exhibit A Phases I and II) (Exhibit A (Pages 13-16))

Developer / declarant

Don Simon Homes, Inc.

Assessments & dues

Set annually by Board of Directors; no fixed amount. If no majority, prior year assessment deemed adopted. (A-4(B)(3) (Page 5))

Special assessments

Permitted for maintenance of Common Property, repair of damaged Common Property by Owner, and such other assessments as imposed. (A-4(A)(2),(3),(4) (Page 4))

Collections & liens

Assessment is a continuing lien on the Property; can be foreclosed like a mortgage; subordinate to first mortgage. Sale under mortgage foreclosure extinguishes lien for past due assessments. (A-4(A), (D), (E) (Pages 4-6))

Reserves & fees

Board may establish reserve funds for anticipated expenditures. (Bylaws Article II Section 5(N) (Page 3-4)

Home business

Not explicitly prohibited, but subject to nuisance clause (B-8) and residential use restriction. (B-2, B-8 (Page 6, 8))

Signs & flags

One professional sign not over 1 sq ft, one sign not over 6 sq ft for sale/rent, and Developer signs without size limit during construction/sales period. (B-10 (Page 8))

Use restrictions

Yes, Property shall be used for residential purposes, including gardens. (B-2 (Page 6))

Voting & meetings

Each Owner one vote per Property; multiple Owners collective vote must be unanimous; proxies allowed but must be signed by all Owners if multiple; no fractional votes. (A-2(B) and (C) (Page 2-3 of Declaration))

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