About Sienna Lake

Sienna Lake (planned unit development)
City of Little Rock
Pulaski County Arkansas
 
Established in 2006 by Cooper Land Development, Inc., Sienna Lake is a builder-focused community where lots are sold to builders, who in turn build homes on the lots, which are then sold by a primary realtor.  The neighborhood was purchased by Sienna Lake Partners in 2022.
 
Sienna Lake continues to be governed by a Declaration of Covenants and Restrictions administered by the Sienna Lake Property Owners Association’s Board of Directors.  The Board initially consists of 4 board members appointed by the Developer until control is relinquished to the Association.  The President of the BOD acts as the CEO. Annual meetings of members are held January of each year and members must be given written notice 15 days prior to the meeting.  BOD meetings are held as needed without notice.
 
The community has a lake, pool, clubhouse and other lesser common properties.
 
The common property is maintained by the Association. 
 
There are two types of membership: (a) General Membership: every person or entity, other than the Developer, who is the record owner of a fee or undivided fee interest in a lot.  General membership annual fee can up but to 120%. And; (2) Developer Membership: the Developer, its successors and assigns are members as long as it is the record owner of a fee or undivided fee interest in any lot and will be a member until it is paid in full for every lot or residence it shall sell.
 
Owners agree to pay to the Association: (a) General Assessments to be levied for Association expenses determined by the BOD to benefit all owners and occupants and allocated among all residences in the development, (b) Special Assessments _  and (c) Specific Assessments against any particular residence which are established according to the Declaration. 
 
The BOD may levy Special Assessments in any year.  But no Special Assessment may be levied against a residence it the total amount of Special Assessments in the current fiscal year would exceed the total amount of the current General Assessment. 
However, a majority vote of the total Association membership entitled voters can overturn and exceed this limitation.
 
Specific Assessments are levied against owners for the following reasons: (1) expenses of the Association which benefit less than all of the residences may be specifically assessed equitably among all the residences which are benefited according to the benefit received; and (2) Expenses of the Association which benefit all residences, but which do not provide an equal benefit to all residences, may be specifically assessed equitably among all residences according to the benefit received.