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M A ° 00 rTt rn z t rB N - '1 M C -D C~ nl V 1 _ k p CD rte") (0 (0 LA r) 3 =E M co I:. cz3 r c~ ~ A C.CJ ~w n CAD 7e CL~ rT1 7g o ~ w z a RIVERSIDE ESTATES OWNERS ASSOCIATION A/K/A COACH PLACE HOMEOWNERS AGREEMENT Section A - Restrictions C7~ 1. Garage doors and mail box doors are to be kept closed at all times except when in use. u 2. Boats, trailers, campers and other vehicles are not to be left parked for any length of time in the parking areas. 3. No playground equipment or day-after-day activities are to be held on the common ground. 4. Garbage cans, toys, hoses or any nuisances are not to be left on driveways or lawns. Garbage cans are to be put out after dark only the night before garbage pick up. If the resident is not home to put the cans in the garage immediately after pick up, they should use plastic bags. 5. No clothes lines, clothes or bedding are to be hanging in visual areas, 6. House pets are to be confined to owners' immediate property. Pets should be on leashes, chained or tended to at all times. Droppings are to be picked up by the owner. 7. Children under 16 years of age are not allowed as regular residents. 8. Yard lights are to go on at dusk and remain on until dawn. Section B - General: g. Annual meetings of the members shall be held in January of each calendar year. At this time; four (4) board members will be elected and will serve as the president, vice president, secretary/treasurer and member-at-large. The president will appoint committee members. 10. Roberts' Rules of Order wil l apply. A majority of members rule with one (1) vote per development. Undeveloped lot owners have no vote. 11. Homeowners' fees are based according to the homes' square footage to cover insurance. Other covered expenditures are shared equally,. which. include ground up-keep, snow removal, electricity and all mowing and fertilizing. Fees delinquent for 60 days will be assessed a 10% penalty and a lien will be filed against their property. The delinquent owner will also be responsible to reimburse the Homeowners' Association for all legal fees. 12. Fees cannot be raised more than 5% in any given year unless a majority vote approves. Assessments may be made for special improvements. 13. Insurance contracts are made by bids approved by the board. Each homeowner, upon their request, will be provided with a valuation guarantee. 14: Voting privileges are restricted to paid-up members only. 15. Activities involving the use ofthe associations' common areas will be held only with the approval ofthe Board of Directors. 16. It is the obligation of any homeowner selling his/her unit to provide the realtor or seller a copy of these covenants. Section C - Additions, Maintenance and Repairs: 17. The Association's responsibility for Exterior maintenance shall consist of exterior maintenance upon each Lot which is subject to assessment. for exterior maintenance. Such maintenance includes, but is not. limited to, the. following: the. repair, replacement, and care of roofs, gutters; downspouts, and exterior building surfaces. The maintenance of trees, shrubs, grass, sidewalks and drives located on common grounds are also included as the Associations responsibility. is. Weeds, low shrubs and rock areas close to the home are to be kept up by the owner or resident. Shrubs are to be trimmed uniformly, and if not, they will be done and the property owner or resident will be billed. 19. The Association's exterior maintenance responsibility shall not include painting, repair, replacement or care of glass surfaces, doors, garage doors, mechanical garage door openers, or any mechanical equipment such as air conditioner condensers and related appliances and equipment. It also does not include sidewalks and personal driveways on homeowner.property, 20. Exterior painting is the responsibility of each homeowner according to the color scheme as established by the architectural committee, and anything not in good working order or appearance is to be promptly corrected. Ifnot, it will be done and the property owner will be assessed the cost. 21. All building; additions, or exterior remodeling are to be approved by the architectural committee and is to be done at the owner's expense. Any common ground or yard repair needed and caused by construction of said homeowner is at his expense. 22. Any remodeling or repair work needed for the interior of the dwelling unit is to be done at the owners' expense. 23. Any contractor decisions will be made by the Board.