Table of Contents (Frequently Asked Questions)
- How do I pay my maintenance fees?
- What does "GSMC" stand for?
- What type of business entity is the Association?
- Who are the members of the Association?
- How much less would I pay if I were not a member of the Association?
- When are fees and assessments due.
- What if an owner fails to pay on time?
- Who manages the Association?
- When and where does the Association meet?
- Who can vote at a meeting?
- Who owns the clubhouse and other common property?
- Who owns the pasture and stables?
- Who owns the roads?
- Who maintains the roads?
- Who owns the water system?
- Who maintains the water system?
- Do property owners receive a separate bill for water or road maintenance?
- What is the water system moratorium?
- What are the water system upgrades?
- Where will the money come from to pay for the water system upgrades?
- How much will the water system improvements costs?
- Can a property owner drill their own well?
- What are cross connections?
- What do I do if I am out of water or I see a leak?
How do I pay my maintenance fees?
Answer: Mail a check to:
GSMC Homeowners Association, Inc.
48 Granny Squirrel Drive
Andrews, NC 28901
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Answer: "GSMC" is short for "Granny Squirrel Mountain Club Homeowners Association, Inc."
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What type of business entity is the Association?
Answer: The Association is a North Carolina non-profit corporation.
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Who are the members of the Association?
Answer: All property owners automatically become members of the Association when they acquire a lot in the subdivision.
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Do members of the Association pay dues?
Answer: No. The operating expenses of the Association are paid out of annual maintenance fees and special assessments.
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How much less would I pay if I were not a member of the Association?
Answer: You pay the same amount as the owner of any other lot. Annual maintenance fees and special assessments are not based upon membership in the Association but are charged based on ownership of a lot. Anyone electing not to be a member owes the same amount as members owning the same number of lots but give up their right to vote on issues coming before meetings of the membership including the amount of assessments.
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When are fees and assessments due.
Answer: Annual maintenance fees are due on January 1st each year. Special assessments are due on a date established at the time the assessment is passed. Both become past due if not paid within sixty days if the due date.
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What if an owner fails to pay on time?
Answer: If owner’s account is past due that owner is suspended and cannot vote at meetings. The past due amount accrues interest at the rate of eighteen (18%) percent per annum. All unpaid amounts create a lien against the lots owned by that individual. Liens are recorded with the county, the property is subject to foreclosure and the owner can be sued. All costs related to filing liens, foreclosing or collection are additional charges for which the owner is responsible.
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Answer: The Association has a board of directors elected by the membership. The board appoints officers. The board consists of three directors with one being elected each year to a three year term. The officers include a president, secretary, treasurer and such other officers as the board deems appropriate.
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When and where does the Association meet?
Answer: The annual meeting of the Association is held in October, usually on the third Saturday. Special meetings are called as necessary. Notice of the date and time of the meetings are sent to all property owners. Meetings take place at the clubhouse.. This years annual meeting is scheduled for October 20, 2001.
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Answer: The owner of each lot is entitled to one vote. Multiple lot owners have the same number of votes as the number of lots they own. Only members in good standing can vote. Members who have a past due account are not in good standing.
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Who owns the clubhouse and other common property?
Answer: The clubhouse, tennis courts, covered bridge and other common property is owned by the Association.
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Who owns the pasture and stables?
Answer: The pasture and stables are owned by the Association and currently leased to a local farmer who grazes cattle.
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Answer: Each lot runs to the centerline of the road but a right of way is reserved from each lot for the roads. The right of way is 60 feet, 30 feet from the lot on either side.
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Answer: Roads are maintained by contractors hired by the Association.
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Answer: The water system is owned by the Association.
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Who maintains the water system?
Answer:
The water system is overseen by a state licensed operator under an agreement with the Association. The operator maintains the water system and is paid by the Association.
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Do property owners receive a separate bill for water or road maintenance?
Answer: No. Normal road maintenance and water system expenses are paid out of annual maintenance fees. Special assessments are used for capital improvements or extraordinary expenses.
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What is the water system moratorium?
Answer: The state of North Carolina imposed a moratorium on new connections to the water system until certain upgrades are made. The system is currently limited to 54 houses.
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What are the water system upgrades?
Answer: The water system is being upgraded to bring it into compliance with the state of North Carolina’s requirements for community water systems. These improvements will include additional storage capacity, at least one new well, new controls, and piping. The upgrades will allow new houses to be connected to the system.
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Where will the money come from to pay for the water system upgrades?
Answer: The water system upgrades will be paid for by special assessments. In accordance with the covenants, the total cost of the upgrades will be shared equally between the lots not owned by the Association..
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How much will the water system improvements costs?
Answer: The total cost of the improvements will not be known until after the plans are approved by the state and proposals are received from contractors. The cost per lot will be approximately 1/180 of the total.
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Can a property owner drill their own well?
Answer: No. The covenants do not allow wells to be drilled without the express written consent of the Association. Several houses do have wells which were drilled before the covenants prohibited private wells. Houses cannot be connected to a well and to the water system at the same time due to state regulations prohibiting cross connections.
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Answer:
A cross connections occurs when a property owner connects their house to the water system and another water source such as a well, spring or cistern. State regulations prohibit cross connections. Houses with cross connections will be disconnected from the water system.
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What do I do if I am out of water or I see a leak?
Answer: Contact a member of the water system committee to report any problems. The primary contact is Bob Parks at 321-3040.
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If you have a question, please feel free to
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