Who owns the common areas in the neighborhood?
The common grounds in the neighborhood were purchased for the sum of one dollar each from Leesville Development Corporation (LDC). The property was titled to the WVSRC in 1998. This was done because, at the time, it was the only community-based entity entitled to own property. Although this property is ownen by the WVSRC, it is for the benefit of the neighborhood. The WVSRC currently pays all taxes and insurance associated with the property. The WVHOA currently pays for maintenance of this property. At this time, none of the lots may be developed due to restrictions imposed by Wake County and the Army Corps of Engineers because it resides in the Falls Lake watershed.
