Proposed:
The Architectural Control Committee shall be established and controlled by the Raintree Plantation Property Owners’ Association, Inc., or its successors and assigns. All plans and specifications must be approved by the Architectural Control Committee before building operations are started including but not limited to lot preparation for construction, road cuts, utility hookups or the like. There shall be no restrictions as to the cost of any residence, building or structure, but complete plans and specifications must be submitted for the approval of the Architectural Control Committee.
All building and construction in Raintree Plantation shall require a building permit issued by the Raintree Plantation Property Owners Association, Inc. The Board of Directors may, at their discretion, establish a regulatory policy to set the fee for the permit but same shall not exceed $7,000.00 $8500 per individual residence, divided between a maximum of $5000 from the property owner and $3500 to be paid by the builder for road cut repairs. The fee payment must be submitted in cash or equivalent to the Raintree Plantation Property Owners Association, Inc.’ s business office prior to the start of construction on any lot and the RPOA shall retain a portion of such bond permit, not to exceed $3000 $4, 500.00 for the Property Owner portion, to be placed in the general revenue funds Roads Fund for the purposes of assisting in the funding of capital improvements for the infrastructure such as roads, culverts, bridges, etc., affected by construction and refund the balance $2,500.00 of such $5,000 $7,000.00 bond. In addition, the RPOA shall retain a portion of the builder portion of the bond permit, not to exceed $1,000 $2,500 to be refunded twelve (12) months after road cut has been completed if the road cut is done satisfactorily. Or $3,000 if the If Roadcut is not satisfactory, the $2,500 portion is to be placed in the Roads fund for the purpose of repair of road crossing cuts and other damage to Raintree roads. Any owner, owning multiple lots shall comply with this requirement irrespective of the number of deposits, which have already been secured with the Raintree Plantation Property Owners Association, Inc.’ s business office. All buildings and landscaping must be completed within nine (9) months from the time of beginning construction (“beginning construction” shall be construed as no longer than three (3) months after plan approval), with a total limit of twelve (12) months to obtain an occupancy permit.