Prairie Homeowners Ass

Key facts from Prairie Homeowners Ass's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhomes Homeowners Association (Page 1 title: PRAIRIE COURT TOWNHOMES HO)

Developer / declarant

SZG Prairie LLC, a Delaware limited liability company (Page 1: THIS DECLARATION... by SZG Prair)

Governing law

Illinois General Not-For-Profit Corporation Act (Section 3.1, 3.8(l))

Assessments & dues

Determined annually by Board before December 1; each Owner pays pro rata share (1/ total number of lots) monthly (Section 4.3)

Special assessments

May be levied by Board; if aggregate exceeds $1,000 per Lot in any 12-month period, must be approved by majority of votes at a meeting (Section 4.4)

Collections & liens

Unpaid assessments become a lien on the Lot; Board may foreclose. Lien subordinate to taxes and first mortgage of institutional lender after possession. Personal obligation of Owner. (Sections 4.7, 4.8)

Reserves & fees

Board may establish reasonable reserves as deemed appropriate (Section 4.2(b))

Pets

Yes, dogs, cats, usual household pets. No snakes or poisonous insects. (Section 5.3(a))

Leasing & rentals

Yes (Section 5.2: No Townhome Lot may be leas)

Fences

Only fences originally installed by Declarant allowed; any new fence requires ARC approval and must match design, material, color, height (Section 5.3(l))

Architectural approval

Yes, for any exterior addition, change, alteration (including landscaping, fences, etc.) (Sections 5.3(l), (m), 6.2(a))

Home business

Not permitted except incidental professional activities (personal library, records, phone calls) (Section 5.1 proviso)

Maintenance

Replacement of roofs included in annual assessment (contingencies and replacement of roofs) (Section 4.3)

Insurance

Comprehensive General Liability ($1,000,000 min), casualty (damage to Common Areas), worker's comp, fidelity bond, D&O liability, other insurance as Board deems desirable (Section 3.13)

Use restrictions

Yes; each Townhome for private residential purposes by a single family (Section 5.1)

Voting & meetings

Class A: one vote per Lot owned (not Declarant as Class B). Class B: Declarant entitled to 3 times number of Class A votes. Class B converts upon sale of 90% of lots or Declarant election. (Section 3.3)

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