Mcgill Parc Town HOA N

Key facts from Mcgill Parc Town HOA N's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhomes (Title page and throughout)

Legal name

McGill Parc Townhomes South

Developer / declarant

Chicago McGill, L.L.C. (First paragraph)

Governing law

Illinois General Not-For-Profit Corporation Act (Section 5.07(l))

Assessments & dues

Not fixed; Board estimates Aggregate Annual Assessment each year (Section 6.03)

Special assessments

Allowed; if aggregate exceeds $100 per Townhouse in any 12-month period, must be approved by 80% of votes cast at a meeting (Section 6.04)

Reserves & fees

Board may establish reasonable reserves (Section 6.02(b))

Pets

Dogs, cats, or other household pets may be kept, provided not for commercial purpose and not disturbing peaceful enjoyment (Section 4.09)

Home business

Not permitted as business, but Owner may maintain personal professional library, keep business records, and handle personal business calls or correspondence (Section 4.06)

Use restrictions

Townhouses used only as residence; no industry, business, trade, occupation, or profession (Section 4.06)

Voting & meetings

Two classes: Class A (Owners) – one vote per Townhouse; Class B (Developer) – three times the number of Class A votes until 80% of Townhouses sold or Developer elects to convert (Section 5.03)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.