Timbercrest (IA)

Key facts from Timbercrest (IA)'s documents

Community type

Covenant / Planned Community

Legal name

TIMBERCREST HOMES ASSOCIATION (Article IV, Section 1)

Units / lots

Lots 77 through 88 inclusive (12 lots) plus Outlot 400 (common area). (Property description)

Developer / declarant

TIMBERCREST DEVELOPMENT, INC., an Iowa Corporation (Preamble)

Assessments & dues

Until January 1, 1983, maximum annual assessment shall be $12.00 per lot. (Article VIII, Section 3)

Special assessments

Association may levy a special assessment in any year for capital improvements, construction, reconstruction, or replacement on Common Area, provided approved by two-thirds vote of members voting in person or by proxy at a meeting called fo (Article VIII, Section 4)

Collections & liens

Assessments are a charge on the land and a continuing lien. Purchasers take subject to lien. Association may bring action at law against owner personally obligated or foreclose the lien. Attorney's fees and costs recoverable. (Article VIII, Section 1 and Section 6 (p)

Fences

Only wood fencing or other types of fencing approved by the Architectural Committee shall be allowed. (Article I, Q)

Use restrictions

The subject property is hereby restricted to residential dwellings for residential use and structures and uses related to the convenience and enjoyment of such residential use. (Article I, A)

Voting & meetings

Each lot is entitled to one vote. When more than one person holds an interest in a lot, they determine among themselves how to vote, but only one vote per lot. (Article VII)

Amendments

These covenants may be amended or terminated by an instrument signed by seventy-five percent (75%) of the owners. (Article IX (page 14-15, extracted from g)

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