PURPOSE OF THE HOMEOWNERS ASSOCIATION
Our HOA (Home
Owners Association) is a non-profit corporation. The HOA is in place to outline
the criteria (covenants) that apply to the community and ensure that the
visions of the residents who purchase homes in the community are being
maintained. The HOA assures residents that certain things applicable to their
community will be upheld to protect and preserve the market value of their
home.
HOA's are
established by legal documents that are on file with Polk County. Copies of
these are available on our website under documents. The HOA is governed
by a comprehensive set of By-Laws, Covenants, Conditions and Restrictions,
commonly referred to as Covenants (CC&R's). These documents may be
amended from time to time as the Board and/or membership see fit and are
available to all members by law.
Pursuant to the
authority granted to a Board of Directors of a Homeowners Association by the
CC&Rs and Bylaws, the rules and regulations are enacted for the mutual
benefit and wellbeing of all owners and residents of a development.
Other laws and
oversights come into place as well. For example, federal and state statutes
related to the HOA must be upheld and "trump" the deed restrictions
for a community.
