Cobble Creek Subdivision Homeowner's Association (IL)

Key facts from Cobble Creek Subdivision Homeowner's Association (IL)'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Cobble Creek Subdivision Homeowner's Association

Governing law

Illinois Not-For-Profit Corporation Act (Article VIII, Waiver of Notice reference)

Assessments & dues

Single-family lots (Area 1): $100/lot; duplex lots (Areas 2 & 4): $50/dwelling unit; four-plex lots (Area 3): $25/dwelling unit. Assessed December 1 of each year, payable January 1 following. (Article VI, Section 1)

Special assessments

Board may levy special assessments upon notice to pay for capital improvements authorized by members or to supplement reserves. (Article VI, Section 2)

Collections & liens

Association has continuing lien on each lot for unpaid assessments; personal obligation of record owners; may foreclose; attorney's fees and costs added. (Article VI, Sections 4 and 5)

Voting & meetings

One vote per lot; if multiple owners, they determine how vote is cast; no more than one vote per lot. (Article I, Section 3)

Amendments

Bylaws may be amended by instrument in writing certified by Secretary, approved at membership meeting called for that purpose; quorum: majority of total votes; approval: not less than majority of total votes. Initial Board may amend without (Article VIII)

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