Several legal and policy documents govern the homeowners who live in Central Park Subvision, Phase 2. All homeowners receive a complete set of these governing documents prior to closing, and are legally bound to abide by the rules set forth in these documents.
The Bylaws of the Home Owners Association (HOA) were established on January, 2003, to create the HOA as a non-profit corporation. These documents provide the framework for the organization and powers of the HOA. They also provide for the election of the Board of Directors, and the powers of the members of the HOA, which are the residents. The HOA Board of Directors is empowered by these documents to enforce the Covenants, subject to the laws of Michigan.
The Declaration of Covenants, Conditions, and Restrictions, or the “Covenants” constitute an agreement between the HOA and purchasers of homes in Central Park Subvision, Phase 2 of how the properties may be used and the agreed-upon practices and procedures for living in a covenant neighborhood.
Collectively, these documents are the strength of Central Park Subvision, Phase 2, and they provide for a stable, well-run community that the homeowners can take pride in.
