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HomeMy WebLinkAbout951332DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS for DOUBLE L RANCH ESTATE LOTS and HIDEOUTS Upon recording, please return to: Christopher Hawks, P.C. Hawks Associates, LC P.O. Box 4430 199 East Pearl Ave., Suite 102 Jackson, WY 83001 eoi)1Z55 RECEIVED 12/30/2009 at 3:51 PM RECEIVING 951332 BOOK: PAGE: JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY TABLE OF CONTENTS PART ONE: INTRODUCTION TO THE COMMUNITY AND VACATION OF PRIOR DECLARATION 1 ARTICLE I CREATION OF THE COMMUNITY 1 1.1 PURPOSE AND INTENT 1 1.2 BINDING EFFECT 1 1.3 GOVERNING DOCUMENTS 2 ARTICLE II CONCEPTS AND DEFINITIONS 2 2.1 ARCHITECTURAL REVIEW COMMITTEE 2 2.2 ASSOCIATION 2 2.3 BASE ASSESSMENT 2 2.4 BOARD OF DIRECTORS 2 2.5 COMMON AREA 2 2.6 COMMON EXPENSES 3 2.7 COMMUNITY -WIDE STANDARD 3 2.8 COVENANT TO SHARE COSTS 3 2.9 DECLARATION 3 2.10 DESIGN GUIDELINES 3 2.11 ESTATE LOTS 3 2.12 FISHING EASEMENTS 3 2.13 FISHING ACCESS EASEMENTS 3 2.14 FOUNDER 4 2.15 GOLF COURSE 4 2.16 GOVERNING DOCUMENTS 4 2.17 HIDEAWAY LOTS 4 2.18 MASTER RULES AND REGULATIONS 4 2.19 MEMBER 4 2.20 MORTGAGE 4 2.21 NEIGHBORHOOD 4 2.22 NEIGHBORHOOD ASSESSMENTS 4 2.23 NEIGHBORHOOD COMMITTEE 5 2.24 NEIGHBORHOOD EXPENSES 5 2.25 OCCUPANT 5 2.26 OPEN SPACE 5 2.27 OWNER 5 2.28 PERSON 5 2.29 PLATS 5 2.30 PROPERTIES OR PROPERTY 5 2.31 PUBLIC RECORDS 5 2.32 RESIDENTIAL OWNER 6 2.33 RESIDENTIAL PROPERTIES 6 2.34 ROADS 6 2.35 SPECIAL ASSESSMENT 6 2.36 SPECIFIC ASSESSMENT 6 2.37 SUPPLEMENTAL DECLARATION 6 PART TWO: CREATION AND MAINTENANCE OF COMMUNITY STANDARDS 7 ARTICLE III USE AND CONDUCT 7 3.1 FRAMEWORK FOR REGULATION AND CONFLICTS AMONG GOVERNING DOCUMENTS 7 3.2 RULE MAKING AUTHORITY 7 3.3 OWNERS' ACKNOWLEDGEMENT AND NOTICE TO PURCHASERS 8 3.4 NO MINING, EXCAVATING OR DRILLING 8 Double L Ranch Creek Ranch Declaration of Covenants, Conditions and Restrictions Page i rev date Thursday, December 17, 2009 00u 26 C.Oui27 3.5 PROTECTION OF OWNERS AND OTHERS 8 3.6 DOMESTIC ANIMALS 9 3.7 WILDLIFE 11 3.8 FENCING AND GATES 11 3.9 TREES 11 3.10 VEHICLE PARKING, STORAGE, OPERATION AND REPAIR 11 3.11 HUNTING 12 3.12 GARBAGE STORAGE 12 3.13 NUISANCE 12 3.14 PROHIBITION AGAINST WATER WELLS 12 ARTICLE IV ARCHITECTURE AND LANDSCAPING 12 4.1 GENERAL 12 4.2 ARCHITECTURAL REVIEW 13 4.3 GUIDELINES AND PROCEDURES 13 4.4 STANDARD OF CONSTRUCTION 15 4.5 ENFORCEMENT 15 4.6 DEVELOPMENT AND USE RESTRICTIONS 16 4.7 CONSTRUCTION 16 4.8 HEIGHT, SIZE AND FLOOR AREA LIMITATIONS 16 4.9 UTILITIES 16 4.10 TEMPORARY STRUCTURES PROHIBITED 17 4.11 SATELLITE DISHES 17 4.12 BERMS 17 4.13 NOXIOUS WEEDS AND EXOTIC PLANT SPECIES 17 ARTICLE V MAINTENANCE AND REPAIR 17 5.1 MAINTENANCE OF RESIDENTIAL PROPERTIES 17 5.2 MAINTENANCE OF VACANT PROPERTIES 17 PART THREE: COMMUNITY GOVERNANCE AND ADMINISTRATION 18 ARTICLE VI THE ASSOCIATION AND ITS MEMBERS 18 6.1 FUNCTION OF ASSOCIATION 18 6.2 MEMBERSHIP 18 6.3 VOTING 18 6.4 CREATION OF NEIGHBORHOODS 18 6.5 ASSOCIATION BOARD OF DIRECTORS 19 6.6 NEIGHBORHOOD COMMITTEES 19 ARTICLE VII ASSOCIATION POWERS AND RESPONSIBILITIES 19 7.1 ACCEPTANCE AND CONTROL OF ASSOCIATION PROPERTY 19 7.2 MAINTENANCE OF COMMON AREA 20 7.3 INSURANCE 20 7.4 COMPLIANCE AND ENFORCEMENT 24 7.5 IMPLIED RIGHTS; BOARD AUTHORITY; POWERS DELEGABLE 25 7.6 INDEMNIFICATION OF OFFICERS, DIRECTORS AND OTHERS 25 7.7 ENHANCEMENT OF SAFETY 26 7.8 POWERS OF THE ASSOCIATION RELATING TO NEIGHBORHOODS 26 7.9 PROVISION OF SERVICES 26 7.10 CONSOLIDATION OF SERVICES 26 ARTICLE VIII ASSOCIATION FINANCES 27 8.1 BUDGETING AND ALLOCATING COMMON EXPENSES 27 8.2 BUDGETING AND ALLOCATING NEIGHBORHOOD EXPENSES 28 8.3 BUDGETING FOR RESERVES 28 Double L Ranch Creek Ranch Declaration of Covenants, Conditions and Restrictions Page ii rev date Thursday, December 17, 2009 8.4 SPECIAL ASSESSMENTS 29 8.5 SPECIFIC ASSESSMENTS 29 8.6 LIMITATION OF INCREASES OF ASSESSMENTS 29 8.7 AUTHORITY TO ASSESS OWNERS; DATE OF COMMENCEMENT OF ASSESSMENTS; TIME OF PAYMENT 30 8.8 PERSONAL OBLIGATION 31 8.9 LIEN FOR ASSESSMENTS 32 8.10 EXEMPT PROPERTY 32 PART FOUR: COMMUNITY DEVELOPMENT 33 ARTICLE IX EXPANSION OF THE COMMUNITY 33 9.1 EXPANSION BY THE FOUNDER 33 9.2 ADDITIONAL COVENANTS AND EASEMENTS 33 9.3 EFFECT OF FILING SUPPLEMENTAL DECLARATIONS 33 9.4 BUDGET CONSIDERATIONS 33 ARTICLE X ADDITIONAL RIGHTS RESERVED TO FOUNDER AND CERTAIN OWNERS 34 10.1 WITHDRAWAL OF PROPERTY 34 10.2 MARKETING AND SALES ACTIVITIES 34 10.3 RIGHT TO DEVELOP 34 10.4 RIGHT TO APPROVE ADDITIONAL COVENANTS 34 10.5 RIGHT TO APPROVE CHANGES IN COMMUNITY STANDARDS 35 10.6 RIGHT TO TRANSFER OR ASSIGN FOUNDER RIGHTS 35 10.7 EXCLUSIVE RIGHTS TO USE NAME OF DEVELOPMENT 35 10.8 SPECIAL DISTRICTS 35 10.9 RIGHT TO APPOINT MEMBERS OF BOARD AND COMMITTEES OF BOARD 35 10.10 RIGHT TO AMEND THE PLATS 35 10.11 RIGHT TO DELAY COMMENCEMENT OF ASSOCIATION MEETINGS OR ASSESSMENTS 35 10.12 TERMINATION OF RIGHTS 36 PART FIVE: PROPERTY RIGHTS WITHIN THE COMMUNITY 37 ARTICLE XI EASEMENTS 37 11.1 EASEMENTS IN COMMON AREA 37 11.2 EASEMENTS FOR DRAINAGE, UTILITIES, SNOW STORAGE, ETC. 37 11.3 EASEMENTS TO SERVE ADDITIONAL PROPERTY 38 11.4 EASEMENTS FOR MAINTENANCE, EMERGENCY AND ENFORCEMENT 38 11.5 EASEMENTS FOR FISHING 39 11.6 EASEMENTS FOR CROSS DRAINAGE 39 11.7 EASEMENT FOR EMERGENCY VEHICLES 39 11.8 TITLE TO AND USE OF ROADS 39 11.9 EASEMENTS FOR LANDING AIRCRAFT 39 11.10 TEMPORARY CONSTRUCTION EASEMENT 40 PART SIX: RELATIONSHIPS WITHIN AND OUTSIDE THE COMMUNITY 41 ARTICLE XII- DISPUTE RESOLUTION AND LIMITATION ON LITIGATION 41 12.1 CONSENTS FOR ASSOCIATION LITIGATION 41 12.2 ALTERNATIVE METHOD FOR RESOLVING DISPUTES 41 12.3 CLAIMS 41 12.4 MANDATORY PROCEDURES 42 12.5 ALLOCATION OF COSTS OF RESOLVING CLAIMS 43 12.6 ENFORCEMENT OF RESOLUTION 43 12.7 BOARD AUTHORIZATION 43 ARTICLE XIII AMENDMENT OF DECLARATION 44 Double L Ranch Creek Ranch Declaration of Covenants, Conditions and Restrictions Page iii rev date Thursday, December 17, 2009 0.06128 C: .29 13.1 BY FOUNDER 44 13.2 BY MEMBERS 44 13.3 VALIDITY AND EFFECTIVE DATE 44 rev date Thursday, December 17, 2009 Double L Ranch Creek Ranch Declaration of Covenants, Conditions and Restrictions Page iv Declaration of Covenants, Conditions, and Restrictions for Double L Ranch O i30 This DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS is made this Z7 day of December 2009, by DOUBLE L RANCH #3, a Wyoming limited liability company and DOUBLE L RANCH #4, a Wyoming limited liability company (collectively the "Founder PART ONE: INTRODUCTION TO THE COMMUNITY AND VACATION OF PRIOR DECLARATION The Founder, as the developer of the Double L Ranch herein, established this Declaration to provide a governance structure and a flexible system of standards and procedures for the overall development, administration, maintenance and preservation of the Residential Properties and Common Area located in the Double L Ranch. The Founder has previously recorded in the land records of Lincoln County, Wyoming a document titled THE DOUBLE L RANCH Declarations, Restrictions, Protective Covenants and Conditions for Double L Ranch Homeowners' Association, Inc., (the "Original Declaration which document was recorded as Receiving 938574 in Book 693 at Page 161. The Original Declaration is hereby vacated and declared of no further force or affect as to the properties burdened thereby and shall be replaced in its entirety with this instrument. 1.1 Purpose and Intent. The Founder, as the owner of the real property described on Exhibit "A attached hereto and made a part hereof by this reference, intends by the recording of this Declaration to create a general plan of development for the planned community known as the Double L Ranch. This Declaration provides for the overall development, administration, maintenance and preservation of the real property now or hereafter comprising the Properties at the Double L Ranch. An integral part of the development plan is the creation of the Double L Ranch Homeowners Association, an association comprised of all owners of Residential Properties in the Double L Ranch, to own, operate and/or maintain various common areas and community improvements and to administer and enforce this Declaration and the other Governing Documents referred to in this Declaration in perpetuity. 1.2 Binding Effect. All property described on Exhibit "A" and any additional property which is made a part of the Double L Ranch Homeowners Association in the future by filing one or more Supplemental Declarations in the Public Records, shall be owned, conveyed and used subject to all of the provisions of this Declaration, which shall run with the title to such property. This Declaration shall be binding upon all Persons having any right, title, or interest in any portion of the Properties, their heirs, successors, successors -in- title, and assigns. Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 1 rev date Thursday, December 17, 2009 ARTICLE I CREATION OF THE COMMUNITY CO 13i This Declaration shall be enforceable in perpetuity by the Founder, the Double L Ranch, any Owner, and their respective legal representatives, heirs, successors, and assigns. 1.3 Governing Documents. The Governing Documents create a general plan of development for the Double L Ranch which may be supplemented as set forth herein. In the event of a conflict between or among the Governing Documents and any such additional covenants or restrictions, the Governing Documents shall control. Nothing in this Section shall preclude any Supplemental Declaration or other recorded covenants applicable to any portion of the Properties from containing additional restrictions or provisions that are more restrictive than the provisions of this Declaration. The Association may, but shall not be required to, enforce any such covenants, restrictions or other instruments. All provisions of the Governing Documents shall apply to all Owners as well as their respective tenants, guests and invitees. If any provision of this Declaration is determined by judgment or court order to be invalid, or invalid as applied in a particular instance, such determination shall not affect the validity of other provisions or applications. ARTICLE II CONCEPTS AND DEFINITIONS The terms used in the Governing Documents shall generally be given their natural, commonly accepted definitions unless otherwise specified. Capitalized terms shall be defined as set forth below. 2.1 Architectural Review Committee or "ARC "Architectural Review Committee" shall mean the Architectural Review Committee as defined in Section 4.2 herein. 2.2 Association. "Association" shall mean the Double L Ranch Homeowners Association, Inc., a Wyoming nonprofit corporation, its successors or assigns. 2.3 Base Assessment. "Base Assessment" shall mean those assessments levied on all Properties subject to assessment under Article VIII to fund Common Expenses, as determined in accordance with Section 8.1. 2.4 Board of Directors or Board. "Board of Directors" or "Board" shall mean the body responsible to the membership for operations of the Association, selected as provided in the Bylaws and generally serving the same role as the board of directors under the Wyoming corporate law. The Board of Directors may be referred to herein as "Board of Directors" or "Board 2.5 Common Area. "Common Area" shall mean the parcels designated as Open Space as shown on the Plats, as well as such portions of any additional property included within the Common Area as may be dictated by this Declaration, any Supplemental Declaration, any Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 2 rev date Thursday, December 17, 2009 uNA32 Covenant to Share Costs or any contract or agreement for thereof entered into by the Association. Common Area shall also include the Golf Course, Clubhouse, all real and personal property, including easements, which the Association owns, leases or in which it otherwise holds possessory or use rights for the common use and enjoyment of the Owners. The Association shall own the Common Area. 2.6 Common Expenses. "Common Expenses" shall mean the actual and estimated expenses incurred, or anticipated to be incurred, by the Association for the general benefit of all Properties including any reasonable reserve, as the Board may find necessary and appropriate pursuant to the Governing Documents. 2.7 Community -Wide Standard. "Community -Wide Standard" shall mean the standard of conduct, maintenance, or other activity generally prevailing throughout the Properties. Such standard shall be established initially by the Founder and may be more specifically defined in this Declaration, the Design Guidelines, the Master Rules and Regulations, and in Board resolutions. 2.8 Covenant to Share Costs. "Covenant to Share Costs" shall mean any declaration of easements and covenant to share costs, including this Declaration, to be executed by Founder and recorded in the Public Records which creates certain easements for the benefit of the Association and the present and future owners of the real property subject to such Covenant to Share Costs and which obligates the Association and such owners to share the costs of maintaining certain property described in such Covenant to Share Costs, including the property described on Exhibit "A" hereto. 2.9 Declaration. "Declaration" shall mean this Declaration of Covenants, Conditions and Restrictions for Double L Ranch, and any amendments or supplements thereto. 2.10 Design Guidelines. "Design Guidelines" shall mean the architectural, design and construction guidelines and review procedures adopted pursuant to Article IV, as they may be amended. 2.11 Estate Lots. "Estate Lots" shall mean that portion of the Properties designated as Lots 11 through 14 and 21 and 22, Lot 26 through 30 and Lot 41 on the Plats, and any additional estate lots added thereto pursuant to Section 9.1 hereof, whether improved or unimproved, which may be independently owned, and are intended for development, use, and occupancy as single family residences. Estate Lots may be referred to herein with other Residential Properties collectively as the "Properties" or the "Residential Properties An individual Estate Lot may be referred to herein as an "Estate Lot a "Property" or a "Residential Property An Estate Lot may not be further subdivided. 2.12 Fishing Easements. "Fishing Easements" shall mean the fishing easements created in Section 11.5(b) hereof. 2.13 Fishing Access Easements. "Fishing Access Easements" shall mean the fishing access easements created in Section 11.5(a) hereof. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 3 :.0cA.33 2.14 Founder. "Founder" shall mean Double L Ranch 3, LLC, a Wyoming limited liability company and Double L Ranch 4, LLC, a Wyoming limited liability company, or any successor or assign who takes title to any portion of the property described on Exhibit "A" hereto for the purpose of development and /or sale and who is designated as the Founder in a recorded instrument executed by the immediately preceding Founder. 2.15 Golf Course. "Golf Course" shall mean the golf course located in the Common Area in the East Open Space as shown on the Plats. The Golf Course shall be Common Area and shall be owned and maintained by the Association. 2.16 Governing Documents. "Governing Documents" shall be a collective term referring to this Declaration and any applicable Supplemental Declaration, the Bylaws of the Association, the Articles, the Design Guidelines, Master Rules and, any other rules and regulations adopted by the Association. 2.17 Hideouts Lots. "Hideaway Lots" shall mean Lots 31 trough 40 of the DOUBLE L RANCH EAST PHASE II SUBDIVISION. Hideaway Lots shall be connected to the Double L Hideouts water system and shall be subjected to a Neighborhood Assessment for the costs of operating and maintaining this system. 2.18 Master Rules and Regulations. "Master Rules and Regulations" shall mean the Master Rules and Regulations adopted by the Board pursuant to Section 3.2. 2.19 Member. "Member" shall mean a Person subject to membership in the Association pursuant to Section 6.2. 2.20 Mortgage. "Mortgage" shall mean a mortgage, a deed to secure debt, or any other form of security instrument affecting title to any of the Residential Properties or all or any portion of the Properties. "Mortgagee" shall refer to a beneficiary of a deed of trust or holder of a Mortgage. 2.21 Neighborhood. "Neighborhood" shall mean a group of Residential Properties designated as a separate Neighborhood, pursuant to Section 6.4 hereof or otherwise, for purposes of sharing benefits or services from the Association which are not provided to all Residential Properties within the Properties. A Neighborhood may be comprised of more than one housing type and may include noncontiguous parcels of property. If the Association provides benefits or services to less than all Residential Properties within a particular Neighborhood, then the benefited properties shall constitute a sub Neighborhood for purposes of determining and levying Neighborhood Assessments for such benefits or services. 2.22 Neighborhood Assessments. "Neighborhood Assessments" shall mean those assessments levied against the Residential Properties in a particular Neighborhood(s) to fund Neighborhood Expenses, as described in Section 8.2. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 4 2.23 Neighborhood Committee. "Neighborhood Committee" shall mean the committee of the Association charged with administering the affairs of a specific Neighborhood and advising the Association regarding such neighborhood. 2.24 Neighborhood Expenses. "Neighborhood Expenses" shall mean the actual and estimated expenses which the Association incurs or expects to incur for the benefit of Owners of Residential Properties within a particular Neighborhood(s), which may include a reasonable reserve for capital repairs and replacements and a reasonable administrative charge, as may specifically be authorized pursuant to this Declaration or in the Supplemental Declaration(s) applicable to such Neighborhood(s). 2.25 Occupant. "Occupant" means any person other than an owner residing in a residence on a Residential Property. 2.26 Open Space. "Open Space" shall be the area shown on the Plats as Open Space. The owner of the Residential Property shall have access rights in and to such Open Space, subject to the rights of other Owners and as set forth in the Governing Documents. 2.27 Owner. "Owner" shall mean one or more Persons who hold the record title to any Residential Property, but excluding in all cases any party holding an interest merely as security for the performance of an obligation. If a Residential Property is sold under a recorded contract of sale and the contract specifically so provides, the purchaser (rather than the fee owner) will be considered the Owner. 2.28 Person. "Person" shall mean a natural person, a corporation, a partnership, a trustee, or any other legal entity. 2.29 Plats. "Plats" shall mean that Plats of the Double L Ranch as follows: plat titled "DOUBLE L RANCH EAST SUBDIVISION recorded in the office of the Clerk of Lincoln County, Wyoming on March 7, 2007 as Receiving 927425, plat titled "DOUBLE L RANCH WEST SUBDIVISION recorded in the office of the Clerk of Lincoln County, Wyoming on March 7, 2007 as Receiving 927422, plat titled "DOUBLE L RANCH EAST PHASE II SUBDIVISION recorded in the office of the Clerk of Lincoln County, Wyoming on November 16, 2009 as Receiving 950568, plat titled "DOUBLE L RANCH III recorded in the office of the Clerk of Lincoln County, Wyoming on November 16, 2009 as Receiving 950571, and the plat titled "PHYLLIS IVIE BUTTARS PLAT OF TRACTS WITHIN THE S1 /2 SECTION 10, T4S R46E BONNEVILLE, COUNTY, IDAHO dated September 23, 1993, as amended from time to time. 2.30 Properties or Property. "Properties" or, individually "Property shall mean the real property described on Exhibit "A together with such additional property as is subjected to this Declaration in accordance with Article IX. 2.31 Public Records. "Public Records" shall mean the official records of the County Clerk of Lincoln County, Wyoming rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 5 CEO A.35 2.32 Residential Owner. "Residential Owner" shall mean an Owner other than the Founder. 2.33 Residential Properties. "Residential Properties" shall mean the real property collectively designated as Estate Lots and Hideaway Lots on the Plats. "Residential Property" shall individually mean the real property designed as an Estate Lot on the Plats, or a Hideaway Lot on the Plats. 2.34 Roads. "Roads" shall mean Flywater Trail and other roads as shown on the Plats and any other common roadway within the Property. 2.35 Special Assessment. "Special Assessments" shall mean those assessments levied in accordance with Section 8.4. 2.36 Specific Assessment. "Specific Assessment" shall mean those assessments levied in accordance with Section 8.5. 2.37 Supplemental Declaration. "Supplemental Declaration" shall mean an instrument filed in the Public Records pursuant to Article IX which subjects additional property to this Declaration, designates Neighborhoods, and /or imposes, expressly or by reference, additional restrictions and obligations on the land described in such instrument. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 6 (30i .A.36 PART TWO: CREATION AND MAINTENANCE OF COMMUNITY STANDARDS ARTICLE III USE AND CONDUCT 3.1 Framework for Regulation and Conflicts Among Governing Documents. The Governing Documents establish, as part of the general plan of development for the Properties, a framework of affirmative and negative covenants, easements and restrictions which govern the Properties. However, within that framework, the Board and the Members must have the ability to respond to unforeseen problems and changes in circumstances, conditions, needs, desires, trends and technology which inevitably will affect the Double L Ranch, its Owners and residents. Toward that end, this Article establishes procedures for modifying and expanding the initial Master Rules and Regulations. In the event of a conflict among provisions of the various Governing Documents, the following shall be the order of priority of the documents: (i) Articles; (ii) Declaration, and any amendments or supplements thereto; (iii) Bylaws; (iv) Design Guidelines; (v) Master Rules and Regulations; and (vi) Fishing Rules and Regulations. Any provision appearing in a document higher in priority to another document shall control. Any documents not included in this list shall have the priority stated in such document, if any. 3.2 Rule Making Authority. (a) Subject to the terms of this Article and the Board's duty to exercise business judgment and reasonableness on behalf of the Association and its Members, the Board may modify, cancel, limit, create exceptions to, or expand the Master Rules and Regulations. The Board shall send notice by mail to all Owners concerning any such proposed action as least five (5) business days prior to the Board meeting at which such action is to be considered. Members shall have a reasonable opportunity to be heard at a Board meeting prior to such action being taken. Such action shall become effective after compliance with subsection (c) below unless disapproved at a meeting of the Members by more than fifty percent (50 of the total votes entitled to vote on the matter. The Board shall have no obligation to call a meeting of the Members to consider disapproval except upon receipt of a petition of the Members as required for special meetings in Section 3.2 of the Bylaws. Upon such petition of the Members prior to the effective date of any Board action under this Section 3.2(a), the proposed action shall not become effective until after such meeting is held, and then subject to the outcome of such meeting. (b) Alternatively, the Members, at an Association meeting duly called for such purpose, may adopt rules which modify, cancel, limit, create exceptions to, or expand the Master Rules and Regulations by a vote of more than fifty percent (50 of the total votes entitled to vote on the matter. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 7 rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 8 OOu 137 (c) At least thirty (30) days prior to the effective date of any action taken under subsections (a) or (b) of this Section, the Board shall send a copy of the new rule or explanation of any changes to the Master Rules and Regulations to each Owner specifying the effective date. The Association shall provide, without cost, a copy of the Master Rules and Regulations then in effect to any requesting Member or Mortgagee. (d) Nothing in this Article shall authorize the Board or the Members to modify, repeal or expand the Design Guidelines. 3.3 Owners' Acknowledgement and Notice to Purchasers. All Owners are given notice that use of their Residential Property is limited by the Master Rules and Regulations as they may be amended, expanded and otherwise modified hereunder. Each Owner, by acceptance of a deed for their Residential Property acknowledges and agrees that the use and enjoyment and marketability of his or her Residential Property can be affected by this Declaration and that the Master Rules and Regulations may change from time to time. All purchasers of a Residential Property are on notice that changes may have been adopted by the Association that are not recorded in the Public Records. Copies of the current Master Rules and Regulations may be obtained from the Association. 3.4 No Mining, Excavating or Drilling. No property within the Double L Ranch shall be used for the purpose of mining, quarrying, drilling, boring, or exploring for or removing geothermal resources, oil, gas, or other hydrocarbons, minerals, rocks, stones, gravel, sand, top soil, or earth. Nothing contained herein shall be construed to limit the rights of the owner of mineral interest severed from the surface of any portion of the Properties prior to the recording of this Declaration and nothing contained in this Declaration shall be construed to limit the rights of the Founder to develop the Properties. 3.5 Protection of Owners and Others. No rule shall be adopted in violation of the following provisions, except as may be specifically set forth in this Declaration (either initially or by amendment) or in the initial Master Rules and Regulations: (a) Equal Treatment. Similarly situated Owners shall be treated similarly; provided, the Master Rules and Regulations may vary by Neighborhood. (b) Displays. The rights of Owners to display religious and holiday signs, symbols, and decorations inside structures on their Residential Property of the kinds normally displayed in dwellings located in single family residential neighborhoods shall not be abridged, except that the Association may adopt time, place, and manner restrictions with respect to displays visible from outside the dwelling. No rules shall regulate the content of political signs; however, rules may regulate the time, place and manner of posting such signs (including design criteria). (c) Household Composition. No rule shall interfere with the freedom of Owners to determine the composition of their households. co;138 (d) Activities Within Dwellings. No rule shall interfere with the activities carried on within the confines of dwellings, except that the Association may prohibit activities not normally associated with property restricted to residential use, and it may restrict or prohibit any activities that (i) create monetary costs for the Association or other Owners; (ii) create a danger to the health or safety of Occupants or Owners of Residential Properties; (iii) generate excessive noise or traffic; (iv) create unsightly conditions visible outside the dwelling; or (v) create an unreasonable source of annoyance. (e) Allocation of Burdens and Benefits. No rule shall alter the allocation of financial burdens among the various Properties or rights to use the Common Area to the detriment of any Owner over that Owner's objection expressed in writing to the Association. Nothing in this provision shall prevent the Association from changing the Common Area available, from adopting generally applicable rules for use of the Common Area, or from denying use privileges to those who abuse the Common Area or violate the Governing Documents. This provision does not affect the right to increase the amount of assessments as provided by Article VIII. (f) Leasing. No Owner shall have the right to lease their Residential Property, nor to create any other interest in their Residential Property, such as the creation of a time -share interest, condominium interest, or any other interest in which ownership of the Residential Property is fractionalized among owners, with the exception that Residential Properties unless such ownership structure is approved by the Founder or the Association. (g) Abridging Existing Rights. If any rule would otherwise require Owners to dispose of personal property which they maintained in or on the Residential Property prior to the effective date of such rule, or to vacate a Residential Property in which they resided prior to the effective date of such rule, and such property was maintained or such occupancy was in compliance with this Declaration and all rules previously in force, such rule shall not apply to any such Owners without their written consent. (h) Rights to Develop. No rule or action by the Association or Board shall impede the Founder's right to develop the Properties. The limitations in subsections (a) through (h) of this Section 3.5 shall only limit rulemaking authority exercised under Section 3.2; they shall not apply to amendments to this Declaration adopted in accordance with Article XIII. 3.6 Domestic Animals. Except as specifically permitted below or by the Master Rules and Regulations, no animals, reptiles, primates, fish, fowl or insects of any kind shall be kept, raised, bred, maintained or boarded within or upon any part of the Properties. Notwithstanding the foregoing, each Residential Property shall be entitled to a maximum of no more than a total of three (3) dogs and /or cats and a reasonable number of other Household Pets (The term Household Pet(s) means generally recognized Household Pets such as dogs, cats, fish, birds, rodents, and non poisonous reptiles), so long as such pets are not kept for any commercial purpose, are not kept in unreasonable numbers, do not cause an unreasonable Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 9 rev date Thursday, December 17, 2009 amount of noise, odor, or do not otherwise become a n C'06,4.39 term "Household Pet" specifically excludes horses, cattle and other Rlivestock which are not l Owners. The permitted to be kept on any Residential Property. livestock A shall keep the animals restrained and controlled on r'suor Occupant's upa Household Pets Property at all times so they do not cause a nuisance to others and do cc wildlife. "Nuisance" means any Pant's Residential wild, digs in scratches, litters i soi animal, al, any s or not harass hr h chews, vicious animal, or any animal which chews, garbage containers, gardens, flower beds, lawns, trees, shrubbery, or any Properties. Excessive, continued y in any other manner injures clothing, the vehicles, habitually Excessive, other continued o r trespassing g, mole ly barkin p notpas within the chasing a as to damage property shall also be deemed a nuisance. upon private prroopeey rty in m s su by uch a manner which habitually, constantly, or frequently disturbs the sleep, Animal" peace, or quiet of any person. Board or its designee shall have the right to enter the propertp, and means any animal animal that is a Nuisance, as defined in this paragraph, and any such action shall not be deemed a property c d remove any In the event the Board removes such Nuisance or y Noisy Animal l The o or kenneled and the cost therefore shall be levied against the offending the animal shall c Assessment. e ing Owner as a Specific Food for Household Pets shall be stored cannot be or other wildlife. in a secure area that c accessed by bears No owner or custodian of any animal who is visiting or working o leash permitted to allow such animals to run free. Also, no pet or leash, cord, chain, rope c other a is t o ru nt fixed to any g n the Properties d hb y cor the Properties thereby allowing such P animal tree, shall be restrained by y vo b post, t uts c other e r f re w th pedestrian or vehicular traffic in and around any h animal to become a nuisance or interfere with sub contractors and any other person providing services t o an within may not Contractors, s onto the Properties. may not bring dogs onto The Owner of a Residential Property where a Household Pet is kept, owner of the pet (if not such Owner), shall be jointly and severally liable for and destruction pet, deson caused by the p as well as the legal and des ru necessitated by such pet. p and for any or any and all damage y clean -up of roadways or other Residential The Association shall have, and is hereby its sole discretion that Household Pets are being kept for cohmmerci and authority a d o t her w is i nuisance to other Residential Owners or Occupants, in violation of this Section, and to t �ets, or that a Residentia Owner ore Occuwise a is necessary to remedy the violation. such action or actions as it deems reasonably Association may require the owner or custodian of a dog that barks limiting the generality of the foregoing, the Household Pet with other offensive habits, to confine such animal Board shall determine that a pet has become a "nuisance pet", a written notice or howls excessively, or of a Board personally shall delivered to the owner become custodian Indoono tice of violation s In the event that s hall the not removed from the Properties within seventy-two t 72 nui)hours thereafter, the sance pet, and if the nuisance pet is Board shall have the right to remove the nuisance pet, or cause the nuisance pet to at the sole expense of the Owner of the Residential Property on which t whic t removed e he nuisance e p kenneled, et is boarded p Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 10 rev date Thursday, December 17, 2009 00614o 14o and to enter upon an Owner's Residential Property for such purpose, all without liability on the part of the Board. Any costs associated with responding to complaints of a nuisance pet may be levied against an Owner or Occupant as a Specific Assessment. 3.7 Wildlife. In accordance with any Lincoln County Wildlife feeding ordinance, no elk, deer, moose, bear, or other big game animals shall be fed hay or any other food, manufactured or otherwise, within the Properties in order to prevent migrating animals from interrupting their migrations to winter range and to prevent such animals from becoming habituated to unnatural food sources. By acceptance of a deed therefore, the owner of every Residential Property agrees to release and hold the Wyoming Game and Fish harmless from any and all claims for wildlife damage to their property. 3.8 Fencing and Gates. No fence, gate, hedge, or wall shall be erected or maintained, except in compliance with the Design Guidelines except that a dog run approved by the ARC may be constructed. 3.9 Trees. Native trees and timber shall not be removed from any Residential Property, except as may be deemed necessary by the ARC for the construction of authorized buildings and improvements. The cutting and harvest of trees and other shrubs that provide vital winter forage for moose and elk should be minimized. Any animal habitat cover -type vegetation that is removed for building purposes should be replaced. 3.10 Vehicle Parking, Storage, Operation and Repair. (a) Permitted vehicles (as defined in subsection (b) below) may be parked on the Properties. No boats, trailers, campers, motorcycles, snowmobiles, golf carts, or any other similar items shall be parked or stored on the roads or driveways within the Properties. Notwithstanding the foregoing, vehicles may be maintained on driveways of a Residential Property for loading, delivery or emergency purposes, but only for the time required to accomplish such purpose, and as necessary for the construction or maintenance of improvements within the Properties upon compliance with the Master Rules and Regulations guidelines and any conditions imposed by the Architectural Review Committee. (b) An "abandoned or inoperable vehicle" shall mean any motorized vehicle that does not display a current motor vehicle license or which has not been driven under its own propulsion for a period of two (2) weeks or longer (excepting otherwise permitted vehicles parked by Residential Property or Occupants on their Residential Property driveways while on vacation or during a period of illness), or which does not have an operable propulsion system within the vehicle. (c) In the event that the Board shall determine that a vehicle is abandoned or inoperable, or is otherwise in violation of the provisions of this Section 3.10, a written notice of violation describing said vehicle shall be personally delivered to the vehicle owner (if such owner can be reasonably ascertained) or shall be conspicuously placed upon the vehicle (if the owner cannot be reasonably ascertained), and if the offending vehicle is not removed within rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 11 €O 141 seventy -two (72) hours thereafter, the Board shall have the right to remove and store the offending vehicle, or cause the vehicle to be removed and stored, at the sole expense of the Owner of the Residential Property or street on which the vehicle is located and to enter upon an Owner's Residential Property for such purpose, all without liability on the part of the Board. 3.11 Hunting. No hunting or discharge of firearms shall be permitted on any portion of the Properties, except that duck and goose hunting may be permitted on designated ponds in the Open Space. In Owners participating in hunting activities shall indemnify, defend and hold the Founder, the Association and any other Owners harmless from any liability for injury or property damage incurred by the Owner or Founder, or any third party while participating in such activity. 3.12 Garbage Storage. Garbage shall be stored inside garages and collected and disposed of in accordance with rules and regulations adopted by the Association. 3.13 Nuisance. No noxious or offensive activity shall be carried on upon any Property, nor shall anything be done or placed thereon which may be or become a nuisance, or cause unreasonable embarrassment, disturbance or annoyance to other Owners or Occupants in the enjoyment of their Properties, or in their enjoyment of the Common Area. Without limiting any of the foregoing, no exterior speakers, horns, whistles, bells or other sound devices, except security devices used exclusively to protect the security of the Properties and improvements located thereon, shall be placed or used upon any Property. 3.14 Prohibition Against Water Wells. All Hideout Lots shall be prohibited from having thereon a private well for domestic water and shall be connected to the Double L Ranch water system and shall be subjected to a Neighborhood Assessment for the costs of operation and maintenance of such system. The owners of Estate Lots will be required to drill and connect to domestic water wells and provide for leach field septic systems on their Lots. ARTICLE IV ARCHITECTURE AND LANDSCAPING 4.1 General. No structure shall be placed, erected, or installed upon any Residential Property, and no improvements (including staking, clearing, excavation, grading and other site work, exterior alterations of existing improvements, and planting or removal of landscaping materials, native trees or shrubs) shall take place except in compliance with this Article, the Design Guidelines promulgated pursuant to Section 4.3. Any Owner may remodel, paint or redecorate the interior of structures on his Residential Property without approval. However, modifications to the interior of patios, and similar portions of a structure located on a Residential Property visible from outside of other structures on a Residential Property shall be subject to approval. No approval shall be required to repaint the exterior of a structure in accordance with the originally approved color scheme or to rebuild a damaged structure generally in accordance with originally approved plans and specifications. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 12 All structures constructed on any portion of the Properties shall be designed by and built in accordance with the plans and specifications as approved by the ARC. All plans and specifications shall be subject to review as provided herein. This Article may not be amended without the Founder's written consent so long as the Founder owns any land subject to this Declaration or subject to annexation to this Declaration. 4.2 Architectural Review. a. Architectural Review Committee. The Architectural Review Committee "ARC shall consist of the same members as the Board. b. Fees; Assistance. The ARC may establish and charge reasonable fees for review of applications hereunder and may require such fees to be paid in full prior to review of any application. Such fees may include the reasonable costs incurred in having any application reviewed by architects, engineers or other professionals. The Founder and the Association may employ architects, engineers, or other persons as deemed necessary to perform the review. The Board shall include the compensation of such persons, if any, in the fee charged by the ARC. 4.3 Guidelines and Procedures. a. Design Guidelines. The Founder may adopt Design Guidelines to regulate design of residential construction on the Properties. If adopted, the Design Guidelines may contain general provisions applicable to all of the Properties as well as specific provisions which vary from Neighborhood to Neighborhood. The Design Guidelines are intended to provide guidance to Owners and Builders regarding matters of particular concern to the ARC in considering applications thereunder. The Design Guidelines are not the exclusive basis for decisions of the ARC, and compliance with the Design Guidelines does not guarantee approval of any application. The Design Guidelines set forth the requirements for any improvements undertaken on a Residential Property. The Founder shall have sole and full authority to amend the Design Guidelines as long as it owns any portion of the Properties or has a right to expand the Properties pursuant to Article IX, notwithstanding the reviewing authority of the ARC, unless the Founder delegates the power to amend to the Board. Upon termination or delegation of the Founder's right to amend, the Board shall have the authority to amend the Design Guidelines. Any amendments to the Design Guidelines shall be prospective only and shall not apply to a "Design Plan Review" application or "Construction Plan Review" application, as those terms are defined in the Design Guidelines, that have been submitted and are under review pursuant to this Article and the Design Guidelines or to require modifications to or removal of structures previously approved. Such amendments shall apply to any proposed improvements that have undergone a Concept Review but have not been reduced to a Design Plan Review application. There shall be no limitation on the scope of amendments to the Design Guidelines, and such amendments may remove requirements previously imposed or otherwise make the Design Guidelines less restrictive. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 13 000i1.42 The Association shall make the Design Guidelines available to Owners builders who seek to engage in development or construction within the Properties. In the Founder's discretion, such Design Guidelines may be recorded in the Public Records, in which event the recorded version, as it may unilaterally be amended from time to time, shall control in the event of any dispute as to which version of the Design Guidelines was in effect particular time. at any b. Procedures. Prior to commencing any improvements to Residential Properties within the scope of this Article, an Owner shall comply with all review rocedur s required by the Design Guidelines, in such manner and form as the Design may gn Guidelines ma specify. The ARC, in its discretion and after written notice to the Owner, may delegate any portion of its administrative duties hereunder to the Board. In this instance, the Board shall within comply with all procedural requirements contained in the Design Guidelines. In reviewing each submission, the ARC may consider any factors it deems relevant, including without limitation, harmony of external design with surrounding structures and environment. Decisions may be based on purely aesthetic considerations. Each Owne acknowledges that determinations as to such matters are purely subjective and opinions may v r as to the desirability and /or attractiveness of particular improvements. Y ary In the event an application is received by the ARC for work that was started without prior approval from the ARC, the time limits for review and approval set forth in the Design Guidelines shall not apply. In this event, the ARC and/or the Board as the case may shall review the Application in a reasonable time taking into account the facts and circumstances be, giving rise to the application. nces In the event that the ARC fails to respond in writing in a timely manner, approval shall be deemed to have been given. However, no approval, whether expressly granted or g deemed granted pursuant to the foregoing, shall be inconsistent with the Design n Gui delines unless a variance has been granted pursuant to Section 4.5. Notice shall be deemed to have given at the time the envelope containing the response is deposited with the U.S. Postal been e Personal delivery of such written notice shall, however, be sufficient and shall be deemed to have been given at the time of delivery to the applicant. to Until expiration of the Founder's rights under Article X, the ARC shall notify the Founder in writing within two (2) business days after the ARC has received any a relating to proposed improvements within the scope of matters delegated to the ARClby t the h Founder. The Founder shall notify the ARC within two (2) business days if the Founder chooses to review such application. Within two (2) business days of such notice from the Founder AR shall provide Founder with all application materials and any additional information that C at the p Founder may require. The Founder shall have two (2) business days after receipt of such materials to comment on such application, by written notice to the ARC and the applicant. Any such such comments by Founder shall be implemented by the ARC, including denial of s application. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 14 OO)144 If construction does not commence on a project for which a Design Plan Review application or a Construction Plan Review application has been approved within -one year after the date of approval, such approval shall be deemed withdrawn, and it shall be necessary for the Owner to reapply for approval before commencing the proposed improvements. The ARC may, by resolution, exempt certain activities from the application and approval requirements of this Article, provided such activities are undertaken in strict compliance with the requirements of such resolution. No flowers, shrubs, trees, grasses, or other landscaping shall be allowed on any portions of the Properties, except in accordance with the landscape plant palette for the Properties approved from time to time by the ARC. The ARC may make amendments to the plant palette and such amendments shall apply whether or not recorded in the Official Records of Lincoln County, Wyoming. c. Obligation to Complete Construction. Regardless of the type of improvement being constructed on a Residential Property, once construction has commenced, it must be completed within twenty -four (24) months from the date construction commenced unless otherwise specified in the notice of approval or unless the ARC grants an extension in writing, which it shall not be obligated to do. Completion of improvements shall mean that a certificate of occupancy has been issued by the local governing body empowered to do so and that the improvements are in a condition suitable for immediate occupancy by the Owner or its Occupant. 4.4 Standard of Construction. All improvements to the Properties made by the Founder have been or will be constructed in accordance with all applicable city, county, state and federal building codes. Founder does not warrant that its improvements to the Properties exceed, in any manner, the minimum building standards required by applicable city, county, state and federal laws. 4.5 Enforcement. Any structure, improvement or landscaping placed or made in violation of this Article or the Design Guidelines shall be deemed to be nonconforming. Upon written request from the Founder, the ARC or the Board, Owners shall, at their own cost and expense, remove such structure or improvement and restore the property to substantially the same condition as existed prior to the nonconforming work or such that it complies with an approved application. Should an Owner fail to remove and restore as required, the Founder, the Association or its designees shall have the right to enter the property, remove the violation, and restore the property to substantially the same condition as previously existed. All costs, together with interest at the maximum rate then allowed by law, may be assessed against the benefited Residential Property and collected as a Specific Assessment. All approvals granted hereunder shall be deemed conditioned upon completion of all elements of the approved work and all work previously approved with respect to the same Residential Property, unless approval to modify any application has been obtained. In the event that any Person fails to commence and diligently pursue to completion all approved work, the rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 15 rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 16 eOiA45 Founder or the Association shall be authorized, after notice to the Owner of the Residential Property and an opportunity to be heard in accordance with Section 7.2(D) of the Bylaws, to enter upon the Residential Property and remove or complete any incomplete work and to assess all costs incurred against the Residential Property and the Owner thereof as a Specific Assessment. Any contractor, subcontractor, agent, employee, or other invitee of an Owner who fails to comply with the terms and provisions of this Article and the Design Guidelines may be excluded from the Properties, subject to the notice and hearing procedures contained in Section 7.2(D) of the Bylaws. In such event, neither the Founder, the Association, its officers or directors shall be held liable to any Person for exercising the rights granted by this paragraph. In addition to the foregoing, the Association shall have standing to pursue all available legal and equitable remedies available to enforce the provisions of this Article and the decisions of the ARC. 4.6 Development and Use Restrictions. All development of the Properties shall conform to the following requirements: a. Provisions in Addition to County Land Use Regulations. Conformity with any and all applicable land use regulations of Lincoln County shall be required, in addition to the requirements of this Declaration and the Design Guidelines. b. Authorized Use. Only single family residential use shall be permitted, together with the keeping of domestic pets subject to the limitations set forth herein. c. Authorized Structures. No building or structure shall be constructed on any Residential Property, except one single family residence and other structures as approved and permitted by the ARC. 4.7 Construction. No pre- fabricated or modular structures shall be permitted on any Residential Property. Previously put -to -use materials designed for architectural detailing on the outside of structures may be permitted by the ARC, in the ARC's sole discretion. 4.8 Height, Size and Floor Area Limitations. Building height, size and floor area limitations shall be as determined by the ARC. 4.9 Utilities. Electrical and telephone utility lines have been installed underground to the property line of each Residential Property. Connections from improvements on a Residential Property to the underground utility lines shall be completed at the Owners' expense, and shall be constructed underground. Above ground utility installations are prohibited. All individual water and water service connections to the Double L Ranch central water system for the Hideout shall be installed, and consist of materials consistent with all applicable laws, rules and regulations standards in effect at the time of installation. 4.10 Temporary Structures Prohibited. No temporary structures, such as trailers, tents, shacks or other similar buildings, shall be permitted on any Residential Property except during construction or as authorized by the Board. 4.11 Satellite Dishes. An 18" or smaller diameter satellite dish shall be permitted on any Residential Property provided that any such satellite dish must be visually shielded from adjacent Residential Properties with shielding approved by the ARC before such satellite dish is installed. 4.12 Berms. No berms shall be constructed or maintained on any Residential Property unless the ARC, in its sole discretion approves such construction and maintenance and finds the same to be beneficial between adjacent Residential Properties. In connection with the foregoing, the Board may request, at the expense of the Owner seeking approval, information relating to the possible impact of the berm on other Residential Properties, which information may include appropriate engineering studies. An elevated leach field required by regulatory authorities shall not be considered to be a berm provided it is approved by the ARC. 4.13 Noxious Weeds and Exotic Plant Species. Sources of all sod, seed and landscaping materials shall not contain noxious weeds or exotic species disfavored by the Lincoln County Weed and Pest Department. The Association shall adopt and enforce a program in cooperation with the Lincoln County Weed and Pest Department to eradicate noxious weeds present or occurring on the Properties. ARTICLE V MAINTENANCE AND REPAIR 5.1 Maintenance of Residential Properties. Each Owner of a Residential Property shall maintain his or her Residential Property and any and all improvements thereon, including any pools, ponds, or other improvements, and any and all landscaping situated on the Residential Property in a manner consistent with the Governing Documents, the Community -Wide Standard and all applicable covenants. If an Owner does not maintain his or her Residential Property to the appropriate standards, the Association shall have the right to perform such maintenance on the Owner's behalf and the costs of such maintenance shall be assessed to the Owner as a Specific Assessment. 5.2 Maintenance of Vacant Properties. Each Owner of a Property that is unimproved is responsible for maintaining the landscape on such unimproved Property in a healthy condition. Required maintenance shall include, but not be limited to, necessary irrigation to control fire danger, treatment to control weeds and other steps recommended by the Board or the ARC to maintain the natural landscape of the Property in a manner consistent with the Governing Documents, the Community -Wide Standard and all applicable covenants. If an Owner does not maintain his or her unimproved Property to the appropriate standards, the Association shall have the right to perform such maintenance on the Owner's behalf and the cost of such maintenance shall be assessed to the Owner as a Specific Assessment. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 17 co .47 PART THREE: COMMUNITY GOVERNANCE AND ADMINISTRATION rev date Thursday, December 17, 2009 ARTICLE VI THE ASSOCIATION AND ITS MEMBERS 6.1 Function of Association. The Association, through its Board of Directors, shall be the entity responsible for management, maintenance, operation and control of the Common Area as described herein and shall also be the primary entity responsible for enforcement of the Governing Documents. The Association shall also be responsible to provide all duties and obligations of the Association as set forth in this Declaration and the Governing Documents. The Association shall perform its functions in accordance with the Governing Documents and the laws of the State of Wyoming. 6.2 Membership. Every Owner of a Residential Property shall be a Member of the Association. There shall be only one membership per Residential Property. If a Residential Property is owned by more than one Person, all co- Owners shall share the privileges of such membership, subject to reasonable Board regulation and the restrictions on voting set forth in Section 6.3(a) and in the Bylaws, and all such co- Owners shall be jointly and severally obligated to perform the responsibilities of Owners. The membership rights of an Owner that is not a natural person may be exercised by any officer, director, partner, member, manager or trustee, or by the individual designated from time to time by the Owner in a written instrument provided to the Secretary of the Association except where such privileges may be restricted by the Master Rules and Regulations or by the Association. 6.3 Voting. The Association shall have one class of membership. Members shall have one equal vote for each Residential Property in which they hold the interest required for membership under Section 6.2 and the Founder shall have three votes for each Residential Property it owns until Founder has sold 85% of the Residential Properties to owners not affiliated with Founder. All votes shall be cast as provided in Section 6.3(a). a. Exercise of Voting Rights. The vote for each Residential Property owned by a Member shall be exercised by the Owner of the Residential Property. In any situation where there is more than one Owner of such Residential Property, the vote for such Residential Property shall be exercised as the co- Owners determine among themselves and advise the Secretary of the Association in writing prior to the vote being taken. Absent such advice, the Residential Property's vote shall be suspended if more than one Person seeks to exercise it. b. Commencement of Voting Rights. Voting rights as to each Residential Property shall vest upon the commencement of assessment obligations for such Residential Property. 6.4 Creation of Neighborhoods There shall be two Neighborhoods within the Properties as follows: a. Estate Lot Neighborhood. The Estate Lot Neighborhood shall consist of the Estate Lots. Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 18 b. Hideouts Lot Neighborhood. The Hideaway Lot Neighborhood shall consist of the Hideaway Lots. Any Neighborhood, acting through its Neighborhood Committee, may request that the Association provide a higher level of service than that which the Association generally provides to all Neighborhoods or may request that the Association provide special services for the benefit of the properties in such Neighborhood. Upon the affirmative vote, written consent, or a combination thereof, of Owners of a majority of the Residential Properties within the Neighborhood, the Association shall provide the requested services. The cost of such services, which may include a reasonable administrative charge in such amount as the Board deems appropriate (provided, any such administrative charge shall apply at a uniform rate per Residential Property to all Neighborhoods receiving the same service), shall be assessed against the benefited Residential Properties within such Neighborhood as a Neighborhood Assessment. 6.5 Association Board of Directors. The Association shall have not less than three (3). The number of directors may be changed as provided in the Bylaws. The initial Board shall be appointed by the Founder as provided for herein. Following termination of the Founder's right to appoint members of the Board, at least three directors shall each own a Property in one of the Neighborhoods such that all three Neighborhoods are represented on the Board. Each of the three will also serve as Chairperson of the Neighborhood Committee for their respective Neighborhood. At all times while the Founder owns any of the Properties subject to this Declaration or subject to annexation to this Declaration as provided herein, two of the members of the Board shall be a representative of the Founder. The Directors shall serve as provided in the Bylaws. 6.6 Neighborhood Committees. There shall be a Neighborhood Committee for each of the two Neighborhoods in the Association. Each committee shall be comprised of not less than three (3) committee members. Each committee member shall be a Member in good standing and an Owner of a Property in the Neighborhood on which committee they serve. The chairperson of each committee shall be a duly- elected member of the Board. The committee members shall serve as provided in the Bylaws. rev date Thursday, December 17, 2009 ARTICLE VII ASSOCIATION POWERS AND RESPONSIBILITIES 7.1 Acceptance and Control of Association Property. Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 19 eoQ:i14S (a) The Association, through action of its Board, may acquire, hold, and dispose of real property and tangible and intangible personal property. (b) The Founder and its designees may convey or dedicate real or personal property to the Association and the Association shall accept all such conveyances or dedications. 7.2 Maintenance of Common Area. Common Area; CsiOC1a49 (a) The Association shall maintain the Common Area in accordance with the Community -Wide Standard, which obligation shall include, but need not be limited to: (i) The entering into of contracts or agreements for maintenance of the (ii) The maintenance of other property which the Association does not own if the Board determines that such maintenance is necessary or desirable to maintain the Community -Wide Standard; and (iii) The maintenance of the landscaping, irrigation and grounds of all Hideaway Lots in accordance with the Community Wide Standard. The Association shall not be liable for any damage or injury occurring on or arising out of the condition of property which it does not own except to the extent that it has been negligent in the performance of its maintenance responsibilities. (b) The Association shall maintain the facilities and equipment within the Common Area in continuous operation, except for any periods necessary, as determined in the sole discretion of the Board, to perform required maintenance or repairs, unless at least seventy five percent (75 of the Members in the Association agree in writing to discontinue such operation. Except as provided above, the Common Area shall not be reduced by amendment of this Declaration or any other means except with the prior written approval of the Founder as long as the Founder owns any property described within Exhibit "A" of this Declaration. (c) The costs associated with maintenance, repair and replacement of the Common Area shall be a Common Expense; provided, the Association may seek reimbursement from the owner(s) of, or other Person responsible for, certain portions of the Common Area pursuant to this Declaration, the Covenant to Share Costs, other recorded covenants, or agreements with the owner(s) thereof. 7.3 Insurance. (a) Required Coverages. The Association, acting through its Board or its duly authorized agent, shall obtain and continue in effect the following types of insurance, if reasonably available, or if not reasonably available, the most nearly equivalent coverages as are reasonably available: (i) Blanket property insurance covering "risks of direct physical loss" on a "special form" basis (or comparable coverage by whatever name denominated) for all insurable improvements within the Common Area to the extent that the Association has assumed Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 20 rev date Thursday, December 17, 2009 ¢:1O. 15O responsibility in the event of a casualty, regardless of ownership. If such coverage is not generally available at reasonable cost, then "broad form" coverage may be substituted. All property insurance policies obtained by the Association shall have policy limits sufficient to cover the full replacement costs of the insured improvements under current building ordinance and codes; (ii) Commercial general liability insurance on the Common Area insuring the Association and its Members for damage or injury caused by the negligence of the Association or any of its Members, employees, agents, or contractors while acting on its behalf. If generally available at reasonable cost, such coverage (including primary and any umbrella coverage) shall have a limit of at least one million dollars ($1,000,000.00) per occurrence with respect to bodily injury, personal injury, and property damage; provided, should additional coverage and higher limits be available at reasonable cost which a reasonably prudent person would obtain, the Association shall obtain such additional coverages or limits If the policy does not contain "severability of interest" in its terms, the Association shall acquire an endorsement to preclude the insurer's denial of a Residential Owner's claim because of negligent acts of the Association or of other Residential Owners; (iii) Workers compensation insurance and employers liability insurance, if and to the extent required by law; prudent by the Board; rev date Thursday, December 17, 2009 (iv) Directors and officers liability coverage with policy limits deemed (v) Commercial crime insurance, including fidelity insurance covering all Persons responsible for handling Association funds in an amount determined in the Board's best business judgment but not less than an amount equal to one -fourth (1/4) of the annual Base Assessments on all Residential Property plus reserves on hand. Fidelity insurance policies shall contain a wavier of all defenses based upon the exclusion of Person serving without compensation; and (vi) Such additional insurance as the Board, in its best business judgment, determines advisable. Premiums for all insurance on the Common Area shall be assessed by the Board as a Common Expense. (b) Policy Requirements. The Association shall arrange for an annual review of the sufficiency of its insurance coverage by one or more qualified Persons, at least one of whom must be familiar with insurable replacement costs in the Lincoln County, Wyoming area. All Association policies shall provide for a certificate of insurance to be furnished to the Association and, upon request, to each Member insured. The policies may contain a reasonable deductible, and the amount thereof shall not be subtracted from the face amount of the policy in determining whether the policy limits satisfy the requirements of Section 7.3(a). In the event of an insured loss, the deductible shall be Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 21 C: 0u451 treated as a Common Expense in the same manner as the premiums for the applicable insurance coverage. However, if the Board reasonably determines, after notice and an opportunity to be heard in accordance with Section 7.2(D) of the Bylaws, that the loss is the result of the negligence or willful misconduct of one or more Owners, their guests, invitees, or lessees, then the Board may assess the full amount of such deductible against such Owner(s) and their Residential Property as a Specific Assessment. of Wyoming; benefited parties. insurance clause; rev date Thursday, December 17, 2009 All insurance coverage obtained by the Board shall: (i) Be written with a company authorized to do business in the State (ii) Be written in the name of the Association as trustee for the (iii) Not be brought into contribution with insurance purchased by Owners, occupants, or their Mortgagees individually; (iv) Contain an inflation guard endorsement; (v) Include an agreed amount endorsement if the policy contains a co- (vi) Provide a waiver of subrogation under the policy against any Owner or household member of an Owner; (vii) Include an endorsement precluding cancellation, invalidation, suspension, or non renewal by the insurer on account of any one or more individual Owners, or on account of any curable defect or violation without prior written demand to the Association to cure the defect or violation and allowance of a reasonable time to cure; (viii) Include an endorsement precluding cancellation, invalidation, or condition to recovery under the policy on account of any act or omission of any one or more individual Owners, unless such Owner is acting within the scope of its authority on behalf of the Association; (ix) Provide that the policy will be primary, even if a Residential Owner has other insurance that covers the same loss. In addition, the Board shall use reasonable efforts to secure insurance policies which list the Owners as additional insureds and provide: (i) A waiver of subrogation as to any claims against the Association's Board, officers, employees, and its manager, its attorneys, the Owners and their tenants, servants, agents, and guests; Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 22 paying cash; (ii) A waiver of the insurer's rights to repair and reconstruct instead of (iii) An endorsement excluding Owners' individual policies from consideration under any "other insurance" clause; (iv) An endorsement requiring at least thirty (30) days' prior written notice to the Association of any cancellation, substantial modification, or non renewal; (v) A provision vesting in the Board exclusive authority to adjust losses; provided, however, no Mortgagee having an interest in such losses may be prohibited from participating in the settlement negotiations, if any related to the loss. (c) Restoring Damaged Improvements. In the event of damage to or destruction of property which the Association is obligated to insure, the Board or its duly authorized agent shall file and adjust all insurance claims and obtain reliable and detailed estimates of the cost of repairing or restoring the property to substantially the condition in which it existed prior to the damage, allowing for changes or improvements necessitated by changes in applicable building codes. Policies secured on behalf of a Neighborhood shall be for the benefit of the Owners within the Neighborhood and their Mortgagees, as their interest may appear. Damaged improvements on such property the Association is obligated to insure, including the Common Area, shall be repaired or reconstructed unless at least seventy -five percent (75 of the total votes in the Association decide within sixty (60) days after the loss not to repair or reconstruct such improvements. If either the insurance proceeds or estimates of the loss, or both, are not available to the Association within such sixty (60) day period, then the period shall be extended until such funds or information are available. However, such extension shall not exceed sixty (60) additional days. No Mortgagee shall have the right to participate in the determination of whether the damage or destruction to the Common Area shall be repaired or reconstructed. If a decision is made not to restore the damaged improvements, and no alternative improvements are authorized, the affected property shall be cleared of all debris and ruins and thereafter shall be maintained by the Association in a neat and attractive, landscaped condition consistent with the Community -Wide Standard. Any insurance proceeds remaining after paying the costs of repair or reconstruction, or after such settlement as is necessary and appropriate, shall be retained by the Association for the benefit of its Members or the Owners of Residential Properties as appropriate, and placed in a capital improvements account. If insurance proceeds are insufficient to cover the costs of repair or reconstruction, the Board may, without a vote of the Members, levy Special Assessments to rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 23 cover the shortfall against those p insurance coverage s Owners responsible for the applicable c„5 under Section 7.3(a), premiums for the 7.4 Com liance and Enforcement. rn 1 Ever violation of the P y with the Governing Every Ow ner and occupant of a Governing D g Documents. The Board may impose Re f Property shall co r procedu set eorth in Section u D is after notice a a Y d sanctions for limitation: of the B hearing in accord Bylaws. Such sanctions may include, with the without so imposed nonpayment (a) Imposing reasonable P Yment of assessments g r the fine monetary fines (which shall not, except in the c nonpay i Property) In the event that fine Residential the Governing constitute a of upon case of g Documents any occupant, guest or invitee of a Residential P the violator's the violates the provided however, if the fine fine is a posed, the fine shall first e assessed Pagainst the Board, tpr Owner shall p d by the violator within the ti perio a circumstance, the be a shall pay the fine up against Specific Assessment against the Owner; from the Board me period set by The fine, in either (b) Suspending an Owner's right to vote; Fishing (c) Suspending any Person's right shall authorize the Board and o to limit ingress or egress to or from a Suspending to use Common Area within the Properties; any Fishing however, no Easements, herein Residential Property; howoper Resident herein Owner's (d) Suspending any services provided b Ow R si otnti charge Pro owed to the Property if the Owner is by the Association to more than thirty (30) days delinquent Owner or the Association; paying any Governing e) Exercising self-help g Documents in a non-emergency to or taking action to abate y situation; any violation of the i mprovements on such Owner's an O carer's wner, at its own expense, to re i mprovements oveml Property Residential Property in violation of remove P rty or any structure located thereon to is Article IV any structure or Re Owner to P do so, the Bo the Owneon and restore and or its designee shall have the right and to restore the previous condition and, upon failure of the violation tio action shall not property to substantiall g to enter the evious a non-confirming deemed a trespass. Y the same Condition as property, remove g Residentiat bee Property p Any costs incurred by proaiduny bringing n d a Specific Assessment; P y or any structure located thereon into compliance in shall ll e pliance shall be (g) gent, employee or other invitee an f Article IV and the Design to liability an Owner y Person, precluding any contractor, subcontractor, gn Guidelines from continuing comply with the terms and g or performing Provisions to Properties; and g �Y further activities in brio a (h) Levying Specific g Residential Property Assessments to cover costs inc P y into compliance with the Governin g Documents. Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 24 e Thursday, December 17, 2009 O i .154 (i) In addition, the Board may take the following enforcement procedures to ensure compliance with the Governing Documents without the necessity of compliance with the procedures set forth in Section 7.2(D) of the Bylaws: (i) Exercising self -help in any emergency situation (specifically including, but not limited to, the towing of vehicles that are in violation of parking rules and regulations); and (ii) Bringing suit at law or in equity to enjoin any violation or to recover monetary damages or both. In addition to any other enforcement rights, if an Owner fails to properly perform his or her maintenance responsibility, the Association may record a notice of violation in the Public Records or perform such maintenance responsibilities and assess all costs incurred by the Association against the Residential Property and the Owner as a Specific Assessment. If a Neighborhood Committee fails to perform its maintenance responsibilities, the Association may perform such maintenance and assess the costs as a Specific Assessment against all property within such Neighborhood. Except in an emergency situation, the Association shall provide the Owner or Neighborhood Committee reasonable notice and an opportunity to cure the problem prior to taking such enforcement action. All remedies set forth in the Governing Documents shall be cumulative of any remedies available at law or in equity. In any action to enforce the Governing Documents, if the Association prevails, it shall be entitled to recover all costs, including, without limitation, attorneys fees and court costs, reasonably incurred in such action. The Association shall not be obligated to take any action if the Board reasonably determines that the Association's position is not strong enough to justify taking such action. Such a decision shall not be construed as a waiver of the right of the Association to enforce such provision at a later time under other circumstances nor shall it estop the Association from enforcing any other covenant, restriction or rule. The Association, by contract or other agreement, may enforce applicable county regulations, if applicable, and permit Lincoln County, Wyoming to enforce regulations within the Properties for the benefit of the Association and its Members. 7.5 Implied Rights; Board Authority; Powers Delegable. The Association may exercise any right or privilege given to it expressly by the Governing Documents, or reasonably implied from or reasonably necessary to effectuate any such right or privilege. Except as otherwise specifically provided in the Governing Documents, or by law, all rights and powers of the Association may be exercised by the Board or delegated to a Neighborhood Committee or the ARC or other committee of the Association without a vote of the membership. 7.6 Indemnification of Officers, Directors and Others. The Association shall indemnify every officer, director, and committee member against all damages and expenses, including counsel fees, reasonably incurred in connection with any action, suit, or other proceeding (including settlement of any suit or proceeding, if approved by the then Board) to which he or she may be a party by reason of being or having been an officer, director, or rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 25 C' %155 committee member, except that such obligation to indemnify shall be limited to those actions for which liability is limited under Wyoming law. 7.7 Enhancement of Safety. The Association may provide for a security patrol within the Properties, and the Association may, but shall not be obligated to, maintain or support certain other activities within the Properties designed to enhance the safety of the Properties. Neither the Association nor the Founder shall in any way be considered insurers or guarantors of security within the Properties, nor shall either be held liable for any loss or damage by reason of failure to provide adequate security or ineffectiveness of security measures undertaken. No representation or warranty is made that any patrol, systems, or measures, including any mechanism or system for limiting access to the Properties, cannot be compromised or circumvented, nor that any such patrol, systems, or security measures undertaken will in all cases prevent loss or provide the detection or protection for which the patrol or system is designed or intended. Each Owner acknowledges, understands and covenants to inform its tenants and all occupants of its Residential Property that the Association, its Board and committees, and the Founder are not insurers of safety and that each Person using the Properties assumes all risks of personal injury and loss or damage to property, including the Residential Property and the contents of their Residential Property, resulting from acts of third parties. 7.8 Powers of the Association Relating to Neighborhoods. The Association shall have the power to veto any action taken or contemplated to be taken by any Neighborhood Committee which the Board reasonably determines to be adverse to the interests of the Association or it Members or inconsistent with the Community -Wide Standard. The Association also shall have the power to require specific action to be taken by any Neighborhood Committee in connection with its obligations and responsibilities, such as requiring specific maintenance or repairs or aesthetic changes to be effectuated and requiring that a proposed budget include certain items and that expenditures be made therefore. A Neighborhood Committee shall take appropriate action required by the Association in a written notice within the reasonable time frame set by the Association in the notice. If the Neighborhood Committee fails to comply, the Association shall have the right to effect such action on behalf of the Neighborhood Committee and levy Specific Assessments to cover the costs, as well as an administrative charge and sanctions. 7.9 Provision of Services. The Association shall be authorized but not obligated to enter into and terminate, in the Board's discretion, contracts or agreements with other entities, including Founder, to provide services to and facilities for the Members of the Association and their guests, lessees and invitees and to charge use and consumption fees for such services and facilities. By way of example, some services and facilities which might be offered include concierge services, landscape maintenance, pest control, caretaker services, transportation, utilities, and similar services and facilities. 7.10 Consolidation of Services. The Association is encouraged to consolidate local service providers so as to minimize traffic and other impacts to the Properties. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 26 ARTICLE VIII ASSOCIATION FINANCES Budgeting and Allocating Common Expenses. At least sixty (60) days before the beginning of each fiscal year, the Board shall prepare a budget of the estimated Common Expenses, including any and all expenses associated with the enhancement of safety and the provision of services as set forth in Sections 7.7 and 7.9, for the coming year, including any contributions to be made to a reserve fund pursuant to Section 8.3. The budget shall also reflect the sources and estimated amounts of funds to cover such expenses, which may include any surplus to be applied from prior years, any income expected from sources other than assessments levied against the Residential Properties and the amount to be generated through the levy of Base Assessments and Special Assessments against each. The Association is hereby authorized to levy Base Assessments against all Residential Properties subject to assessment under Section 8.7 to fund the Common Expenses. Such assessments shall be uniform as among each of the like Residential Properties (i.e. Estate Lots or Hideaway Lots) although assessments do not have to be uniform as between Residential Properties. In determining the Base Assessment rate per Residential Property, the Board may consider any assessment income expected to be generated from any additional Residential Property reasonably anticipated becoming subject to assessment during the fiscal year. The Founder may, but shall not be obligated to, reduce the Base Assessment for any fiscal year by payment of a subsidy (in addition to any amounts paid by Founder under Section 8.8(b)), which may be either a contribution, an advance against future assessments due from the Founder, or a loan, all in the Founder's sole discretion and without obligation. Any such subsidy shall be disclosed as a line item in the income portion of the budget. The payment of such subsidy in any year shall not obligate the Founder to continue payment of such subsidy in future years, unless otherwise provided in a written agreement between the Association and the Founder. The Board shall send a copy of the final budget, together with notice of the amount of the Base Assessment to be levied pursuant to such budget, to each Owner not less than thirty (30) nor more than sixty (60) days prior to the effective date of such budget. Such budget and assessment shall automatically become effective unless subject to the limitation on increases of assessments provided for in Section 8.6. Failure of the Board to fix assessment amounts or rates or to deliver or mail each Owner an assessment notice shall not be deemed a waiver, modification, or a release of any Owner from the obligation to pay assessments. In such event, each Owner shall continue to pay assessments on the same basis as for the last year for which an assessment was made, if any, until a new assessment is made, at which time the Association may retroactively assess any shortfalls in collections. The Board may revise the budget and adjust the Base Assessment from time to time during the year, subject to the notice requirements and the limitations on increases of assessments provided for in Section 8.6. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 27 eb:.57 8.2 Budgeting and Allocating Neighborhood Expenses At least sixty (60) days before the beginning of each fiscal year, the Board shall prepare a separate budget covering the estimated Neighborhood Expenses for each Neighborhood on whose behalf Neighborhood Expenses are expected to be incurred during the coming year. Each such budget shall include any costs for additional services or a higher level of services which the Owners in such Neighborhood have approved pursuant to Section 6.4 and any contribution to be made to a reserve fund pursuant to Section 8.3. The budget shall also reflect the sources and estimated amounts of funds to cover such expenses, which may include any surplus to be applied from prior years, any income expected from sources other than assessments levied against the Residential Properties, and the amount required to be generated through the levy of Neighborhood and Special Assessments against the Residential Properties in such Neighborhood. The Association is hereby authorized to levy Neighborhood Assessments equally against all Residential Properties which are subject to assessment under Section 8.7 to fund Neighborhood Expenses; provided, if so specified in the applicable Supplemental Declaration or if so directed by petition signed by a majority of the Owners within the Neighborhood, any portion of the assessment intended for exterior maintenance of structures, insurance on structures, or replacement reserves which pertain to particular structures shall be levied on each of the benefited Residential Properties in proportion to the benefit received. The Board shall cause a copy of the Neighborhood budget and notice of amount of the Neighborhood Assessment for the coming year to be delivered to each Owner in the Neighborhood not less than forty -five (45) nor more than sixty (60) days prior to the beginning of the fiscal year; provided, however, if the Neighborhood Assessment is increased from previous year's Neighborhood Assessment, the Board shall send notice of the increase by the first class mail to the Owners not less than thirty (30) nor more than sixty (60) days prior to the increased Neighborhood Assessment becoming due. Such Neighborhood budget and Neighborhood Assessment shall automatically become effective unless subject to the limitation on increases of assessments provided for in Section 8.6. Failure of the Members to approve a Neighborhood Assessment or failure of the Board to fix assessment amounts or rates or to deliver or mail each Owner an assessment notice shall not be deemed a waiver, modification, or a release of any Owner from the obligation to pay assessments. In such event, each Owner shall continue to pay Neighborhood Assessments on the same basis as for the last year for which an assessment was made, if any, until a new assessment is made, at which time the Association may retroactively assess any shortfalls in collections. The Board may revise the budget for any Neighborhood and the amount of any Neighborhood Assessment from time to time during the year, subject to the notice requirements and the limitations on increases of assessments provided for in Section 8.6. 8.3 Budgeting for Reserves. The Board shall prepare and review at least annually a reserve budget for the Common Area and other assets of the Association and for each Neighborhood for which the Association maintains capital items as a Neighborhood Expense. The budgets shall take into account the number and nature of replaceable assets, the expected life Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 28 rev date Thursday, December 17, 2009 000158 of each asset, and the expected repair or replacement cost. The Board shall include in the Common Expense budget adopted pursuant to Section 8.1 or the Neighborhood Expense budgets adopted pursuant to Section 8.2, as appropriate, a capital contribution to fund reserves in an amount sufficient to meet the projected need with respect both to amount and timing by annual contributions over the budget period. 8.4 Special Assessments. In addition to other authorized assessments, the Association may, subject to the limitations of Section 8.6, levy Special Assessments to cover unbudgeted expenses or expenses in excess of those budgeted. Any such Special Assessment may be levied: (i) against the entire membership if such Special Assessment is for Common Expenses; or (ii) against an individual Residential Property or Neighborhood if such Special Assessment is for an unbudgeted expense relating to less than all of the Residential Properties. Special Assessments shall be payable in such manner and at such times as determined by the Board, and may be payable in installments extending beyond the fiscal year in which the Special Assessment is approved. The Board shall provide notice of the Special Assessment by first class mail to the Owners not less than thirty (30) nor more than sixty (60) days prior to the Special Assessment becoming due. 8.5 Specific Assessments. The Association shall have the power to levy Specific Assessments against a particular Residential Property as follows: (a) To cover the Association's expenses associated with the provision of landscaping maintenance to each Hideaway Lot in accordance with Sections 5.1 and 7.2(a)(iii); (b) Costs, including overhead and administrative costs, of providing services to a Residential Property upon request of an Owner pursuant to any menu of special services which may be offered by the Association (which might include items identified in Section 7.9). Specific Assessments for special services may be levied in advance of the provision of the requested service; and (c) To cover costs incurred in bringing a nonconforming Residential Property into compliance with the Governing Documents, or costs incurred as a consequence of the conduct of the Owner or occupants of a nonconforming Residential Property, their agents, contractors, employees, licensees, invitees, or guests; provided, the Board shall give the nonconforming Residential Owner prior written notice and an opportunity for a hearing, in accordance with Section 7.2(D) of the Bylaws, before levying any Specific Assessment under this subsections (c). The Association may also levy a Specific Assessment against a Residential Property within any Neighborhood to reimburse the Association for costs incurred in bringing the Neighborhood into compliance with the provisions of the Governing Documents, provided the Board gives prior written notice of the assessment to the Owners in the Neighborhood and an opportunity for such Owners to be heard before levying any such assessment. 8.6 Limitation of Increases of Assessments. Notwithstanding any provision to the contrary, and except for assessment increases necessary for emergency situations or to reimburse rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 29 k0 .59 the Association pursuant to Section 8.5, the Board may not impose a Base Assessment or a Neighborhood Assessment that is more than twenty percent (20 greater than each of those assessments for the immediately preceding fiscal year, nor impose a Special Assessment which in the aggregate exceeds five percent (5 of the budgeted Common Expenses for the current fiscal year, without a majority vote of a quorum of the Members which are subject to the applicable assessment at a meeting of the Association, or action without meeting by written ballot in lieu thereof be conformance with the Wyoming Business Corporations Act signed by all of the Members of the Association. For purposes of this Section, "quorum" means more than fifty percent (50 of the total voting power of the Association subject to the applicable assessment. For purposes of this Section, the term "Base Assessment" shall be deemed to include the amount assessed against each Residential Property plus a pro rata allocation of any amounts the Association received through any subsidy or maintenance agreement, if any, in effect for the year immediately preceding the year for which the assessment is to be increased. An emergency situation is any one of the following: (a) An extraordinary expense required by an order of a court; (b) An extraordinary expense necessary to repair or maintain the Properties or any part of them for which the Association is responsible where a threat to personal safety on the Properties is discovered; or (c) An extraordinary expense necessary to repair or maintain the Properties or any part of them for which the Association is responsible which could not have been reasonably foreseen by the Board in preparing and distributing the pro forma budget pursuant to Section 8.1. However, prior to the imposition or collection of such an assessment, the Board shall pass a resolution containing written findings as to the necessity of the extraordinary expense involved and why the expense was not or could not have been reasonably foreseen in the budgeting process. Such resolution shall be distributed to the Members with the notice of such assessment. 8.7 Authority to Assess Owners; Date of Commencement of Assessments; Time of Payment. The Founder hereby establishes and the Association is authorized to levy assessments as provided for in this Article and elsewhere in the Governing Documents. Subject to Section 8.1 and 8.8, the obligation to pay the assessments provided for herein shall commence as to all Residential Properties on January 1, 2010. The first annual assessment shall be adjusted according to the number of days remaining in the fiscal year at the time assessments commence on the Residential Property. Assessments shall be paid in such manner and on such dates as the Board may establish. The Board may require advance payment of assessments at closing of the transfer of title to a Residential Property and impose special requirements for Owners with a history of delinquent payment. If the Board so elects, assessments may be paid in two or more installments. Unless the Board otherwise provides, the Base Assessment and any Neighborhood Assessment shall be due and payable in advance on the first day of each fiscal year. If any Owner is delinquent in Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 30 rev date Thursday, December 17, 2009 e0ul6 0 paying any assessments or other charges levied on his or her Residential Property, the Board may require the outstanding balance on all assessments to be paid in full immediately. 8.8 Personal Obligation. (a) Owner's Obligation for Assessments. Each Owner, by accepting a deed or entering into a recorded contract of sale for any portion of the Properties, is deemed to covenant and agree to pay all assessments authorized in the Governing Documents. All assessments, together with interest (computed from its due date at a rate of eighteen percent (1 8%) per annum or such other rate as the Board may establish, subject to the limitations of Wyoming law), late charges as determined by Board resolution, costs, and reasonable attorneys' fees, shall be the personal obligation of each Owner and a lien upon each Residential Property until paid in full. Upon a transfer of title to a Residential Property, the grantee shall not be personally liable for any assessments and other charges due at the time of conveyance unless expressly assumed by him/her, but such transferred Residential Property shall remain subject to any liens imposed upon it pursuant to Section 8.9 herein. No first Mortgagee who obtains title to a Residential Property by exercising the remedies provided in its Mortgage shall be liable for unpaid assessments which accrued prior to such acquisition of title. Failure of the Board to fix assessment amounts or rates or to deliver or mail each Owner an assessment notice shall not be deemed a waiver, modification, or a release of any Owner from the obligation to pay assessments. In such event, each Owner shall continue to pay Base Assessments and Neighborhood Assessments on the same basis as during the last year for which an assessment was made, if any, until a new assessment is levied, at which time the Association may retroactively assess any shortfalls in collections. No Owner may exempt himself from liability for assessments by non -use of Common Area, abandonment of his Residential Property or any other means. The obligation to pay assessments is a separate and independent covenant on the part of each Owner. No diminution or abatement of assessments or set -off shall be claimed or allowed for any alleged failure of the Association or Board to take some action or perform some function required of it, or for inconvenience or discomfort arising from the making of repairs or improvements, or from any other action it takes. The Association shall, upon request, furnish to any Owner liable for any type of assessment a certificate in writing signed by an Association officer setting forth whether such assessment has been paid. Such certificate shall be conclusive evidence of payment. The Association may require the advance payment of a reasonable processing fee for the issuance of such certificate. (b) Founder's Obligations for Assessments. The Founder is subject to the payment of assessments against Residential Properties which it owns; provided, however, any Residential Property that the Founder owns which does not include a structural improvement for human occupancy shall be exempt from payment of that portion of any such assessment which is for the purpose of defraying expenses and reserves directly attributable to the existence and the rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 31 use of the structural improvements. The exemption may include, but is not necessarily limited to refuse disposal. The Founder shall also be exempt from the payment of that portion of any assessment which is for the purpose of defraying expenses and reserves directly attributable to the existence and use of any Common Area that is not complete at the time assessments commence. Any exemption from the payment of assessments attributed to the Common Area shall be in effect only until such area has been placed into use. The Association is specifically authorized to enter into subsidy contracts or contracts for "in kind" contribution of services, materials, or a combination of services and materials with the Founder or other entities for payment of Common Expenses subject to the Bylaws. The Founder's payment of assessments may be reduced or abated by the agreed value of any such services or materials provided by Founder, in accordance with any such contract or agreement with the Association. 8.9 Lien for Assessments. The Association shall have a lien against each Residential Property to secure payment of delinquent assessments, as well as interest, late charges (subject to the limitations of Wyoming law), and costs of collection (including attorneys' fees). Such lien shall be superior to all other liens, except (a) the liens of all taxes, bonds, assessments, and other levies which by law would be superior, and (b) the lien or charge of any first Mortgage of record (meaning any recorded Mortgage with first priority over other Mortgages) made in good faith and for value. Such lien, when delinquent, may be enforced by suit, judgment, and judicial or non judicial foreclosure as provided for by Wyoming law. The sale or transfer of any Residential Property shall not affect the assessment lien or relieve such Residential Property from the lien for any subsequent assessments. However, the sale or transfer of any Residential Property pursuant to foreclosure of the first Mortgage shall not extinguish the lien as to any installments of such assessments due prior to the Mortgagee's foreclosure, such liens to become a deficiency judgment against the foreclosed owner. The subsequent Owner to the foreclosed Residential Property shall not be personally liable for assessments on such Residential Property due prior to such acquisition of title. Such unpaid assessments shall be deemed to be Common Expenses collectible from Owners of all Properties subject to assessment under Section 8.7, including such acquirer, its successors and assigns. 8.10 Exempt Property. The following property shall be exempt from payment of Base Assessments, Neighborhood Assessments, and Special Assessments: (a) Any property dedicated to and accepted by any governmental authority or public utility; and (b) Any property owned by the Founder and used for sales, resales or administration purposes. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 32 Cti061.611. PART FOUR: COMMUNITY DEVELOPMENT ARTICLE IX EXPANSION OF THE COMMUNITY e031.62 9.1 Expansion by the Founder. Until the Founder has sold 75% of the Residential Properties subject to this Declaration, the Founder may annex additional properties into the regime of this Declaration provided such property is contiguous to the properties currently encumbered by this Declaration. Such annexation shall be accomplished by filing a Supplemental Declaration in the Public Records describing the property to be annexed and specifically subjecting it to the terms of this Declaration. Such Supplemental Declaration shall not require the consent of Members, but shall require the consent of the owner of such property, if other than Founder. Any such annexation shall be effective upon the filing for record of such Supplemental Declaration unless otherwise provided therein. 9.2 Additional Covenants and Easements. The Founder may subject any portion of the Properties to additional covenants and easements, including covenants obligating the Association to maintain and insure such property and authorizing the Association to recover its costs through the various Assessments as provided for herein. Such additional covenants and easements may be set forth either in a Supplemental Declaration subjecting such property to this Declaration or in a separate Supplemental Declaration referencing property previously subjected to this Declaration. If the property is owned by someone other than Founder, then the consent of the owner(s) shall be necessary and shall be evidenced by their execution of the Supplemental Declaration. Any such Supplemental Declaration may supplement, create exceptions to, or otherwise modify the terms of this Declaration as it applies to the subject property in order to reflect the different character and intended use of such property. 9.3 Effect of Filing Supplemental Declarations. Any Supplemental Declaration filed pursuant to this Article shall be effective upon recording in the Public Records unless otherwise specified in such Supplemental Declaration. On the effective date of the Supplemental Declaration, any additional property subjected to this Declaration shall be assigned voting rights in the Association and assessment liability in accordance with the provisions of this Declaration. Any additional property subjected to this Declaration may be made a part of a Neighborhood hereunder and subject to Neighborhood Assessments. 9.4 Budget Considerations. As additional property is annexed to the Properties pursuant to this Article IX, the budget of the Association may be affected, as well as assessment obligations of the Owners as a result thereof. In this event, any budget affecting the assessment obligations of the Owners shall be recalculated as of the end of the Association's fiscal year in which the additional property was annexed into the Association. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 33 ARTICLE X ADDITIONAL RIGHTS RESERVED TO FOUNDER AND CERTAIN OWNERS 004.'4.63 The following rights are reserved to Founder, its successors and assigns, and certain specified Owners: 10.1 Withdrawal of Property. The Founder reserves the right to amend this Declaration so long as it has a right to annex additional property pursuant to Article IX, without prior notice and without the consent of any Person, for the purpose of removing property then owned by the Founder, its affiliates, or the Association from the coverage of this Declaration, to the extent originally included in error or as a result of any changes in the Founder's plans for the Properties, provided such withdrawal is not unequivocally contrary to the overall, uniform scheme of development for the Properties. 10.2 Marketing and Sales Activities. The Founder reserves the right to maintain and carry out upon portions of the Common Area, and any Residential Properties owned by Founder such facilities and activities as, in the sole opinion of the Founder, may be reasonably required, for the sale of Residential Properties, including, but not limited to, signs, construction of sales pavilions and other forms of advertising. The Founder shall also have the right to conduct marketing and sales activities on all property that it owns. The Founder shall have easements for access over the Properties to and use of such facilities together with the right to attract, invite or bring prospective purchasers of Residential Properties into any Residential Property owned by Founder at all times. 10.3 Right to Develop. The Founder and its successors, assigns, employees, agents and designees shall have a right of access and use and an easement over and upon all of the Common Area for the purpose of making, constructing and installing such improvements to the Common Area and any Residential Property owned by the Founder as the Founder deems appropriate in its sole discretion. The Founder agrees that it or the Person exercising such easement shall be responsible for any damage caused to the Common Area as a result of the exercise of the easement. Every Person that acquires any interest in the Properties acknowledges that the Double L Ranch is a master planned community, the development of which is likely to extend over many years, and agrees not to protest, challenge or otherwise object to changes in uses or density of property outside the Neighborhood in which such Person holds an interest. 10.4 Right to Approve Additional Covenants. So long as Founder, or its affiliates or subsidiaries, owns any property described on Exhibit "A" hereto, no Person shall record any declaration of covenants, conditions and restrictions, or declaration of condominium or similar instrument affecting any portion of the Properties without Founder's review and written consent. Any attempted recordation without such consent shall result in such instrument being void and of no force and effect unless subsequently approved by written consent signed by the Founder and recorded in the Public Records. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 34 :i164 10.5 Right to Approve Changes in Community Standards. No amendment to or modification of any Master Rules and Regulations or Design Guidelines shall be effective without prior notice to and the written approval of Founder so long as the Founder owns property subject to this Declaration or which may become subject to this Declaration in accordance with Section 9.1. 10.6 Ri ht to Transfer or Assi n Founder Ri hts. Any or all of the special rights and obligations of the Founder set forth in this Declaration may be transferred in whole or in part to other Persons; provided, the transfer shall not reduce an obligation or enlarge a right beyond that which the Founder has under this Declaration. No such transfer or assignment shall be effective unless it is in a written instrument signed by the Founder and duly recorded in the Public Records. The foregoing sentence shall not preclude Founder from permitting other Persons to exercise, on a one -time or limited basis, any right reserved to Founder in this Declaration where Founder does not intend to transfer such right in its entirety, and in such case it shall not be necessary to record any written assignment unless necessary to evidence Founder's consent to such exercise. 10.7 Exclusive Rights to Use Name of Development. No Person shall use the name "Double L Ranch" or any derivative of such name in any printed or promotional material without the Founder's prior written consent. However, Owners may use the name "Double L Ranch" in printed or promotional matter where such term is used solely to specify that particular property is located within the Double L Ranch, and the Association shall be entitled to use the words "Double L Ranch" in its name. 10.8 Special Districts. The Founder hereby reserves the right to create an assessment, water, road or any other type of special district or improvement service district which, in its sole opinion, are beneficial to the Properties. The Association and each and every Owner, by accepting a deed to a Residential Property, agrees to cooperate with Founder in creating and implementing such district. Nothing in this Section shall create an obligation on Founder to create or implement such districts. 10.9 Right to Appoint Members of Board and Committees of Board. The Founder hereby reserves the right to appoint all members of the Board of Directors of the Association and all members of the committees of the Board, including but not limited to the Neighborhood Committees and the Architectural Review Committee. 10.10 Right to Amend the Plats. The Founder hereby reserves to itself, its successors and assigns the right to partially vacate and rePlats any of the Properties owned by Founder subject to any applicable regulations of Lincoln County, Wyoming Notwithstanding the foregoing, Founder shall not be required to get the consent of any adjacent Property Owners prior to exercising this right. 10.11 Right to Delay Commencement of Association Meetings or Assessments. The Founder hereby reserves the right to delay the commencement of Association meetings or to delay implementation of Association assessments as required hereunder and in the Bylaws. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 35 C'O i165 10.12 Termination of Rights. The rights contained in this Article X shall not terminate until the recording by Founder of a written statement that eighty -five percent (85 of the Residential Properties have been sold to owners not affiliated with Founder. Founder may from time to time relinquish and surrender one or more but less than all of the reserved rights, in which event the unrelinquished reserved rights shall remain fully valid and effective for the remainder of the term thereof. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 36 60TAGG PART FIVE: PROPERTY RIGHTS WITHIN THE COMMUNITY The nature of living in a planned community requires the creation of special property rights and provisions to address the needs and responsibilities of the Owners, the Founder, the Association, and others within or adjacent to the community. ARTICLE XI EASEMENTS 11.1 Easements in Common Area. The Founder grants to each Owner a nonexclusive right and easement of use, access, and enjoyment in and to the Common Area, subject to: (a) The Governing Documents and any other applicable covenants; (b) Any restrictions or limitation contained in any deed conveying such property to the Association; (c) The right of the Board to adopt rules regulating the use and enjoyment of the Common Area, including rules limiting the number of guests who may use the Common Area. (d) The right of the Board to suspend the right of an Owner to use recreational facilities within the Common Area (i) for any period during which any charge against such Owner's Residential Property remains delinquent, and (ii) for a period not to exceed thirty (30) days for a single violation or for a longer period in the case of any continuing violation of the Governing Documents after notice and a hearing pursuant to Section 7.2(D) of the Bylaws; (e) The right of use and enjoyment of the Common Area to the members of his or her family, and social invitees, as applicable, subject to reasonable regulation by the Board. 11.2 Easements for Drainage, Utilities, Snow Storage, Etc.. (a) All dedications, limitations, restrictions and reservations of easements, including those for drainage, shown on any final map of the Properties are incorporated herein by reference and made a part of this Declaration for all purposes as if fully set forth in this Declaration. (b) The Founder reserves for itself, so long as the Founder owns any property described on Exhibit "A" of this Declaration, and grants to the Association and all utility providers, perpetual non exclusive easements within the roads and utility easement areas described on the Plats (but not through a structure) to the extent reasonable necessary for the purpose of: rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 37 00°167 (i) Installing utilities and infrastructure, including without limitation, cable and other systems for sending and receiving data and/or other electronic signals; security and similar systems; walkways, pathways and trails; drainage systems and signage; to serve the Properties; (ii) Inspecting, maintaining, repairing and replacing such utilities and infrastructure to serve the Properties; and (iii) Access to read utility meters. (c) Founder also reserves for itself the non exclusive right and power to grant and record in the Public Records such specific easements as may be necessary, in the sole discretion of Founder, in connection with the orderly development of any property described on Exhibit "A (d) All work associated with the exercise of the easements described in subsections (b) and (c) of this Section shall be performed in such a manner as to minimize interference with the use and enjoyment of the property burdened by the easement. Upon completion of the work, the Person exercising the easement shall restore the property, to the extent reasonably possible, to its condition prior to the commencement of the work. The exercise of these easements shall not extend to permitting entry into the structures on any Residential Property nor shall it unreasonably interfere with the use of any Residential Property and, except in an emergency, entry onto any Residential Property shall be made only after reasonable notice to the Owner or occupant. (e) All Residential Properties and the Common Area are burdened with a snow storage easement to provide for the orderly removal and storage by the Association of snow from the Properties. 11.3 Easements to Serve Additional Property. The Founder hereby reserves for itself and its duly authorized agents, successors, assigns, and mortgagees, an easement over the Common Area for the purposes of enjoyment, use, access, and development of any property annexed into the community, whether or not such property is made subject to the Declaration. This easement includes, but is not limited to, a right of ingress and egress over the Common Area for construction of roads and for connecting and installing utilities on such property. 11.4 Easements for Maintenance, Emergency and Enforcement. The Founder grants to the Association easements over the Properties as necessary to enable the Association to fulfill its maintenance responsibilities in Article V and under Section 7.2. The Association shall also have the right, but not the obligation, to enter upon any Residential Property but not to enter any structure thereon, for emergency, security, and safety reasons, to perform maintenance and to inspect for the purpose of ensuring compliance with and to enforce the Governing Documents. Such right may be exercised by any member of the Board and its duly authorized agents and assignees, and all emergency personnel in the performance of their duties. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 38 11.5 Easements for Fishing. C-06168 a. Fishing Access Easements. The owners of a Lots 29 and 30 shall take title to their Lots subject to certain non exclusive access rights for fishing purposes hereby established through Fishing Access Easements burdening certain Lots 29 and 30 as depicted in separate recorded instruments. Founder reserves the right to vacate the Fishing Access Easements or portions thereof and grant additional access easements over Residential Properties as may be necessary for the development of the community. b. Fishing Easements. The Owner's Estate Lots 11, 12, 13, 14, 21, 22, and 26 shall take title to their Residential Properties subject to a Right of Way Easement in favor of the State of Wyoming, Wyoming Game and Fish Commission which easement provides for stream bank and river access for fishing in Salt River. Every Owner of a Residential Property shall benefit from this easement, subject to any fishing rules and regulations that may be adopted by the Association. Founder reserves the right to vacate the Fishing Easements or portions thereof if Founder obtains adequate replacement fishing easements, and fishing access easements, if such access easements are necessary, in the Founder's sole and absolute discretion, on property adjacent to the Properties, and conveys to the Association replacement fishing rights on such replacement fishing easements and fishing access easements. 11.6 Easements for Cross Drainage. Every Residential Property shall be burdened with easements for natural drainage of storm water runoff from other portions of the Properties and for drainage and water runoff from the Open Space; provided, no Person shall alter the natural drainage on any Residential Property to increase materially the drainage of storm water onto adjacent portions of the Properties or the Open Space without the consent of the Owner(s) of the affected property and the Board. 11.7 Easement for Emergency Vehicles. The Properties are hereby burdened with an easement allowing all policemen, firemen, ambulance personnel, and similar emergency personnel entry to perform their duties, including the enforcement of traffic regulations. 11.8 Title to and Use of Roads. Flywater Trail shall be retained in ownership by the Owners of the Estate Lots over which it passes. Each Owner and occupant of a Estate Lot and Hideaway Lot and each of their guests or invitees shall have a non exclusive easement and right of -way to use such roadway system as shown on the Plats, for vehicular and pedestrian ingress, egress, access to and from their Residential Property and for private road purposes. The Association shall have the right to control vehicular circulation through the Properties by such means as establishing speed limits, by installing speed bumps or by any other means reasonably adopted by the Association. 11.9 Easements for Landing Aircraft. Every Owner of a Residential Property by acceptance of a deed therefore acknowledges that the Property is burdened with an overhead easement for low -flying aircraft and that the Open Space and Golf Course is burdened with and easement for the landing, taking off and taxiing of aircraft, provided such activities are in rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 39 conformance with all rules and regulations of the Federal Aircraft Administration and other applicable laws, rules and regulations. C 11.10 Temporary Construction Easement. The Founder hereby reserves a temporary nonexclusive easement burdening all Residential Properties and the Common Area. Such construction shall include, but not be limited to, grading, landscaping, installation of utilities, and completion of water features. When such construction is complete, this Temporary Construction Easement shall terminate. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 40 006170 PART SIX: RELATIONSHIPS WITHIN AND OUTSIDE THE COMMUNITY The growth and success of the Double L Ranch as a community in which people enjoy living, working, and playing requires good faith efforts to resolve disputes amicably, attention to and understanding of relationships within the community and with our neighbors, and protections of the rights of others who have an interest in the community. ARTICLE XII— DISPUTE RESOLUTION AND LIMITATION ON LITIGATION 12.1 Consents for Association Litigation. Except as provided in this Section, the Association shall not commence a judicial or administrative proceeding without the approval of a majority of a quorum of the Members. This Section shall not apply, however, to (a) actions brought by the Association to enforce the Governing Documents (including, without limitation, the foreclosure of liens); (b) the collection of assessments; or (c) counterclaims brought by the Association in proceedings instituted against it. This Section shall not be amended unless such amendment is approved by the percentage of votes, and pursuant to the same procedures, necessary to institute proceedings as provided above. 12.2 Alternative Method for Resolving Disputes. The Founder, the Association, its officers, directors, and committee members, if any, all Persons subject to this Declaration, and any Person not otherwise subject to this Declaration who agrees to submit to this Article (individually, "Bound Party and collectively, "Bound Parties agree to encourage the amicable resolution of disputes involving the Properties, without the emotional and financial costs of litigation. Accordingly, each Bound Party covenants and agrees that those claims, grievances or disputes described in Section 12.3 shall be resolved using the procedures set forth in Section 12.4 in lieu of filing suit in any court. 12.3 Claims. Unless specifically exempted below, all Claims arising out of or relating to the interpretation, application or enforcement of the Governing Documents, or the rights, obligations and duties of any Bound Party under the Governing Documents shall be subject to the provisions of Section 12.4. Notwithstanding the above, unless all parties thereto otherwise agree, the following shall not be Claims and shall not be subject to the provisions of Section 12.4: (a) Any suit by the Association against a Bound Party to obtain a temporary restraining order (or equivalent emergency equitable relief) and such other ancillary relief as the court may deem necessary in order to maintain the status quo and preserve the Association's ability to enforce the provisions of Article III and Article IV; (b) Any suit between Owners, which does not include Founder or the Association as a party, if such suit asserts a Claim which would constitute a cause of action independent of the Governing Documents, if the amount in controversy exceeds five thousand dollars ($5,000); rev date Thursday, December 17, 2009 (c) Any suit in which any indispensable party is not a Bound Party; Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 41 O6A o i (d) Any suit as to which the applicable statute of limitations would expire within one hundred twenty (120) days of the Request for Resolution pursuant to Section 12.4, unless the party or parties against whom the Claim is made agree to toll the statute of limitations for such periods as may be reasonably be necessary to comply with this Article; and With the consent of all parties thereto, any of the above may be submitted to the alternative dispute resolution procedures set forth in Section 12.4 12.4 Mandatory Procedures. (a) Request for Resolution. Any Bound Party having a Claim "Claimant" against any other Bound Party "Respondent (collectively, the "Parties shall notify each Respondent in writing (the "Request for Resolution stating plainly and concisely: Respondent; the Claim arises); rev date Thursday, December 17, 2009 (i) The nature of the Claim, including the Persons involved and (ii) The legal basis of the Claim (i.e., the specific authority out of which (iii) Claimant's proposed remedy; and (iv) That Claimant will meet with Respondent to discuss in good faith ways to resolve the Claim; and (v) That Respondent must respond to the Request for Resolution within thirty (30) days of its receipt or it will be deemed to have been rejected. (b) Negotiation and Mediation. (i) The Parties shall make every reasonable effort to meet in person and confer for the purpose of resolving the Claim by good faith negotiation. If requested in writing, accompanied by a copy of the Request for Resolution, the Board may appoint a representative to assist the Parties in negotiation. (ii) If the Respondent rejects the Request for Resolution, or Parties do not resolve the Claim within ninety (90) days of the date of acceptance of the Request for Resolution (or within such other period as may be agreed upon by the Parties) "Termination of Negotiations Claimant shall have thirty (30) additional days to submit the Claim to mediation under the auspice of an independent mediation agency providing dispute resolution services in the Lincoln County, Wyoming area. (iii) If Claimant does not submit the Claim to mediation within such time, or does not appear for the mediation, Claimant shall be deemed to have waived the Claim, and Respondent shall be forever released and permanently discharged from any and all liability to Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 42 Foi192 Claimant on account of such Claim; provided, nothing herein shall release or discharge Respondent from any liability to any Person other than the Claimant. (iv) Any settlement of the Claim through mediation shall be documented in writing by the mediator and signed by the Parties. If the Parties do not settle the Claim within thirty (30) days after submission of the matter to the mediation, or within such time as determined by the mediator, the mediator shall issue a notice of termination of the mediation proceedings "Termination of Mediation The Termination of Mediation notice shall set forth that the Parties are at an impasse and the date that mediation was terminated. (v) Within five (5) days of the Termination of Mediation, the Claimant shall make a final written settlement demand "Settlement Demand to the Respondent, and the Respondent shall make a final written settlement offer "Settlement Offer to the Claimant. If the Claimant fails to make a Settlement Demand, Claimant's original Request for Resolution shall constitute the Settlement Demand. If the Respondent fails to make a Settlement Offer, Respondent shall be deemed to have made a "zero" or "take nothing" Settlement Offer. 12.5 Allocation of Costs of Resolving Claims. (a) Subject to Section 12.5(b), each Party shall bear its own costs, including attorneys fees, and each Party shall share equally all charges rendered by the mediator(s) "Post Mediation Costs (b) Any Award which is equal to or more favorable to Claimant than Claimant's Settlement Demand shall add Claimant's Post Mediation Costs to the Award, such costs to be borne equally by all Respondents. Any Award which is equal to or less favorable to Claimant than any Respondent's Settlement Offer shall award to such Respondent its Post Mediation Costs. 12.6 Enforcement of Resolution. After resolution of any Claim, if any Party fails to abide by the terms of any agreement or Award, then any other Party may file suit or initiate administrative proceedings to enforce such agreement or Award without the need to again comply with the procedures set forth in Section 12.4. In such event, the Party taking action to enforce the agreement or Award shall be entitled to recover from the non complying Party (or if more than one non complying Party, from all such Parties pro rata) at all costs incurred in enforcing such agreement or Award, including, without limitation, attorneys' fees and court costs. 12.7 Board Authorization. The Board may perform any act reasonably necessary to institute, defend, settle, or intervene on behalf of the Association in binding arbitration, non- binding arbitration, mediation, litigation, or administrative proceedings in matters pertaining to (a) enforcement of the Governing Documents, (b) damage to the Common Area, (c) damage to the Residential Properties which arises out of, or is integrally related to, damage to the Common Area, or (d) any other civil claim or action. rev date Thursday, December 17, 2009 Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 43 rev date Thursday, December 17, 2009 ARTICLE XIII AMENDMENT OF DECLARATION Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 44 OOu173 13.1 By Founder. In addition to specific amendment rights granted elsewhere in this Declaration, until conveyance of the first Residential Property to an Owner unaffiliated with Founder, Founder may unilaterally amend or repeal this Declaration for any purpose. Thereafter, the Founder may unilaterally amend this Declaration if such amendment is necessary to (i) bring any provision into compliance with any applicable governmental statute, rule, regulation, or judicial determination; (ii) enable any reputable title insurance company to issue title insurance coverage on the Residential Properties; (iii) enable any institutional or Federal National Mortgage Association or Federal Home Loan Mortgage Corporation, to make purchase, insure or guarantee mortgage loans on the Residential Properties; or (iv) to satisfy the requirements of any local, state or federal governmental agency. However, any such amendment shall not adversely affect the title to any Residential Property unless the Owner thereof shall consent in writing. 13.2 By Members. Except as otherwise specifically provided above and elsewhere in this Declaration, this Declaration may be amended only by the affirmative vote or written consent, or any combination thereof, of at least seventy -five percent (75 of the Members. Notwithstanding the above, the percentage of votes necessary to amend a specific clause shall not be less than the prescribed percentage of affirmative votes required for action to be taken under that clause. In addition, certain sections of the Declaration may not be amended by the Members without the consenting vote or written approval of the affected parties as follows: (a) No amendment may remove, revoke, or modify any right or privilege of the Founder without the written consent of the Founder. 13.3 Validity and Effective Date. If an Owner consents to any amendment to this Declaration or the Bylaws, it will be conclusively presumed that such Owner has the authority to consent, and no contrary provision in any Mortgage or contract between the Owner and a third party will affect the validity of such amendment. Any amendment shall become effective upon recording in the Public Records, unless a later effective date is specified in the amendment. Any procedural challenge to an amendment must be made within thirty (30) days of its recordation, or such amendment shall be presumed to have been validly adopted. In no event shall a change of conditions or circumstances operate to amend any provisions of this Declaration. By: Name: Title: IN WITNESS WHEREOF, the undersigned Founder has executed this Declaration the date and year first written above. ming limi DOUB RA CH 3 LC, a W d lia compan B. Name: L.A.tj o Title: ,lie/r" DOUBLE a Wyo H 4, LLC, liabilit STATE OF COUNTY OF 1.I_.. 1/)(`.()I1) My commission expires: rev date Thursday, December 17, 2009 )ss On this F day of C_ 2009, before me personally appeared .v\oe 00.4e 07) s', personally known to me, or proved to me on the basis of satisfactory evidence, to be the person whose name is subscribed within this instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on this instrument, the entities upon behalf of which the person acted executed this instrument. WITNESS my hand and official seal. Double L Ranch Declaration of Covenants, Conditions and Restrictions Page 45 OO61r4 efols mil LiolPow/0o Pate N. DOWN! Wyn. RIIIMPO! Nn. i40 titan Rr No. era rivals flrylehenn Mo. Poo Om A, POwbv1 Wye. Ro0!Wanen Ns Oe.a klero Regan**Nd. ulo6 HalstrolenNo arnii MAR60WKA MOM Wyd Rup.,koen Mkt 41e4 Suivoy4e Noeit L4D• egpn. Wpeltgl AIP PIni.Wyoi*q Su Alen. wla"aq M4140 Apox. Wit1.1 WWI* NYAo DESCRIPTION FOR DOUBLE L RANCH BOUNDARY To -wit: rax: COpy All of the land described under the Certificate of Surveyor on the plat of Double L' Ranch West Subdivision, Lincoln County, Wyoming of record in the Office of the Clerk of Lincoln County with Accession No. 927422; AND All of the land described under the Certificate of Surveyor on the plat of Double L' Ranch East Subdivision, Lincoln County, Wyoming of record in said Office with Accession No, 927425; AND All ate and described under the Certificate of Surveyor on the plat of Double L Ranch East phase II Subdivision, Lincoln County, Wyoming of record in said Office with Accession No, 950568; AND All of the land described under the Certificate of Surveyor on the plat of Double L Ranch III, a Subdivision, Lincoln County, Wyoming of record in said Office with Accession No. 950571; ANY All of the land described in the Corporation Warranty Deed recorded in the Offico of the Recorder ofBonneville County, Id io,wi No. 1127$11, 1'•',D1u''1 t.nnp 3 �i� 18!1 1 �e `.�u, 8 December 2009 b'r I '1 "Maditication In any way of the foregoing description terminates debility of the surveyor' JUI 31 LUU4 Ub :1Lam vUUL /UUL