Are there any governing documents for GB2?
Yes. GB2’s three contractually binding documents for property owners on Grandwoods Circle include the Articles of Incorporation, the Code of Regulations, and the Declaration of Covenants, Easements, Restrictions, and Assessment Lien. The Declaration of CERAL, commonly known as the deed restrictions, is the document that affects homeowners the most, particularly Sections 2, 5, 6, and 10.
What are association assessments used for and how much are they?
GB2 assessments, invoiced quarterly, are used for maintenance of the common areas (and for some shared private property) that surround Grandwoods Circle and the building units. The assessments also cover necessary legal and operations expenses to conduct association business. The current annual assessments are $200 ($50 quarterly).
Do I need GB2 approval before making exterior changes to my house, such as changing the color or building a fence, shed, or deck?
Yes. There is a simple approval form that you must complete and submit to the GB2 Board of Directors prior to making any exterior changes to your property. If you follow the structural and color guidelines outlined in the Declaration of CERAL, there shouldn’t be any problem in securing approval for your proposed changes. Association approval is not necessary for routine maintenance and repairs that don’t alter a property’s exterior.
How much of the driveway pavement am I personally responsible for?
You are personally responsible for all the driveway area that extends from your front sidewalk down to the street curb and between your two side property boundaries. This requires the regular repairing of any cracks or holes that may appear in the pavement, in addition to the removal of weeds, grasses, leaves and other debris from the driveway surface. Because your driveway pavement is shared with that of your adjacent neighbors, it is imperative that you protect and maintain the integrity of your pavement.
How many vehicles am I allowed to own or park on Grandwoods Circle?
There is no limit to the number of vehicles you may own. Additional parking is available in the center common areas for your vehicles and those of your guests. All vehicles regularly parked on private and/or common property must be owned or leased by property owners or their tenants, have valid license and registration, and be properly maintained and in operable condition. Storage is not allowed, and recreational vehicles, boats, trailers, and commercial vehicles are prohibited.