Basecamp HOA

Key facts from Basecamp HOA's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Single Family Homes) (Article I definitions (Single Family Hom)

Units / lots

Not explicitly stated; Plat includes Single Family Home Lots and Common Area Lots (1-6). Lot numbers referenced up to 48 but precise count not given. (Document text review)

Developer / declarant

Basecamp Old Irving Park LLC, an Illinois limited liability company (Witnesseth paragraph 1)

Governing law

General Not-For-Profit Corporation Act of the State of Illinois (Section 3.1)

Assessments & dues

Set annually by Board before December 1; no fixed amount stated. Initial monthly assessment referenced as part of the working capital fee (3x monthly assessment). (Section 4.3, 4.10)

Collections & liens

Unpaid assessments, interest, late fees, and collection costs (including attorneys' fees) constitute a continuing lien on the Lot. Board may accelerate and foreclose. (Section 4.1, 4.7)

Reserves & fees

Board may establish reasonable reserves as part of the budget (Section 4.2(b)). Also, the initial working capital serves as a reserve. (Section 4.2, 4.10)

Pets

Dogs, cats, or other usual household pets may be kept, subject to Board rules. No commercial purpose, no poisonous snakes or insects. (Section 5.3(a))

Leasing & rentals

Yes, but not for transient purposes (less than 6 months). All leases must be in writing and subject to Declaration and rules. (Section 5.2)

Home business

Permitted incidental uses: maintaining home office, regular visits from private patients/clients, personal professional library, handling business records/calls/correspondence. (Section 5.1)

Signs & flags

Not specifically addressed. (No mention)

Insurance

Comprehensive General Liability ($1,000,000 minimum), casualty insurance for Common Area and Common Facilities, workers compensation, fidelity bond, D&O liability. Other insurance as Board deems desirable. (Section 3.13)

Use restrictions

Each Single Family Home shall be used for private, residential purposes by a Family and incidental uses. No public, commercial, industrial, business, trade, occupation, or profession (with exceptions for home office, professional library, e (Section 5.1)

Voting & meetings

Two classes: Class A (one vote per Lot owned, excluding Declarant) and Class B (Declarant, three times the number of Class A votes). Class B converts to Class A upon selling 90% of Lots or Declarant's election. (Section 3.3)

Amendments

Declaration can be amended as provided in its terms; Article XII likely but not fully included. Reference to Section 12.7 regarding lease compliance. (Section 5.2 (reference to Section 12.7))

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