Proposed New Amendments for Waterbury Cove's Covenants --the HOA board is proposing 3 amendments to our neighborhood covenants and we need all homeowners to either vote YES or NO on each of the three amendments.

1) an amendment to establish an initiation fee that is paid by the new homeowner when your house is sold.  This practice is relatively common for other subdivisions in our area and would be $823 (110% of our annual HOA dues) to be paid by the new homeowner at the time of closing.  This new homeowner initiation fee would provide our HOA a new revenue source besides the $748 annual HOA dues that you now pay.  As we see costs for services (pool, landscaping, management company, utilities...) rise, the HOA needs higher revenues to meet our monthly expenses and build up our reserve account for funding special projects.  If this proposed amendment does not pass, then the board will likely raise all homeowners' annual HOA dues to generate the needed revenue.  The board is encouraging all homeowners to vote YES for this proposed amendment.

2) an amendment to allow a basketball goal in your backyard with certain conditions.  Our current covenants only allow a portable basketball goal in your driveway.

3) an amendment to prohibit a homeowner from leasing their entire basement and/or the entire upper level of their house.  A "roommate" is allowed provided the homeowner is living in the house and the "roommate" has access to all common living areas (kitchen, living room, dining room...) of the house.  The board has received feedback from other homeowners on issues with too many cars parked on the street - this amendment could impact that by limiting the number of people living in the house.

 

You should have received in the mail all the information needed to see the specific amendment language and a form for your vote on each of the three proposed amendments.  The same mailed materials can also be viewed using the three buttons below.  Please review the provided information and return your consent form (with your votes) either thru mail to the address below, drop off at address below, or just take a picture of your consent form with your votes and email to    sosterbur@tributaryga.com  or text to 678-427-1482.  For an amendment to pass, it requires 2/3rds of all homeowners or 74 homeowners to vote YES.

                     Waterbury Cove HOA

                        c/o Steve Osterbur

                     1400 Watercove Lane

                     Lawrenceville.GA  30043

 

Please reach out to me if you have any questions.

 

Thanks,

Mike Inderrieden

Waterbury Cove HOA President

mike.inderrieden@ncr.com

770-596-9352