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SOL VING THE NATION'S HOUSING NEEDS
<br /> .~r~c THE FREE ENTERPRISE WA Y
<br />
<br />POST OFFICE 8OX 2253 O 1309 THOMASVILLE ROAD e TALLAHASSEE. FLORIDA 32304 O TELEPHONE 904/224-51 ~ 1 O TELEX 548454
<br /> Februaz7 24, 1981
<br />
<br />~O~S,~G"YV~CUE.,~C. Board of coUnty commissioners
<br />n~o~.~o~,.c~.,~ G~barrus County
<br />~s,~c.~ r,,}~s,~out,.,~.c~o~c,~ Concord, North Carolina
<br />
<br />~.,~o~,~c~m, co~ Re: Paradise Village P~ Pl~
<br />~ Gentlemen:
<br />
<br />~,~v,,o~.,,m, ~e to the ~terest e~ressed by the homeowners Jn Paradise Village
<br />~,~s~t.,~,~.,s,o~s ~obile Home Park to buy their lots, our comply applied to the
<br />a,,,t~s Co~ty Plmming Board for approval of prel~n~azg, plat for a Plied Unit
<br />~,o~,t~,,o,,~ ~velopment which would allow the Sale of the individual lots to tile
<br />c!o~a~t.~oa,~o~,,~ homeol~ers. ~le c~on properties including tile streets, utilities,
<br /> siv~lg pool and recreational areas would rema~ the property of blobile
<br />~.~,~,,~ Home Industries, Inc. ~ltil snch thne that it is feasible to establish
<br />c~o~c,~ a Homeo%~er's ~s~iation with a resel~e ~md for the ma~ten~ce of
<br />~'~ streets ~d/or utility syste~ (water ~d sewer).
<br />
<br /> ~r proposal would ~clude the follow~g whirl] would be doc~ented with
<br /> recorded Coven~ts on the proart, Articles of Inco~7oration ~d ~-
<br /> Lm~s filed With the State of North Carolina whi~ will establish the
<br /> protection for the l~d o%~ners ~d the developer. At the t~e of a
<br /> f~al plat approval by Cab~'~s Cowry ~d at which t~e the lots
<br /> could then be offered for. sale, our plan would be as follows:
<br />
<br /> ]. b~I, Inc. reta~ o~ership of all co,non property, mainta~ streets,
<br /> water ~d sewer systems the s~e as at present.
<br />
<br /> 2, A Homeowner's Association will not be fol~ed ~til 50~ or more of
<br /> the Paradise Village lots have been sold to homeo%~ers %vithin the
<br /> Village.
<br />
<br /> 3. b~I, Inc. will have directors on the Homeo%~er's ~sociation Board
<br /> of Directors(would se]we for a minim~ of the first two years after
<br /> such Association is established) ~d would have a majority vote of
<br /> the membership as ~.~er of the majority of the lots ~ Paradise
<br /> Village.
<br />
<br /> 4. ~{I, Inc. would cont~ue to control the ex~penses of operation ~d
<br /> ma~ten~ce of Par~ise Village ~d the ~sociation ~til 80% of tile
<br /> lots are Sold to h~eo%~ers. This is ~ipulated in the proposed
<br /> Coven~ts to be recorded for the property.
<br />
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