Santa Fe Homeowners As

Key facts from Santa Fe Homeowners As's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Page 1 title and Section 1(b))

Legal name

Santa Fe Garden Homeowners Association

Units / lots

12 residential lots (Lots 3 through 14, plus Lot 15 as Private Drive; 12 lots improved with single family homes) (Page 1 WHEREAS clause; Section 1(l))

Developer / declarant

Lakeside Bank as Trustee under Trust Agreement dated July 4, 1996, Trust No. 10-1776 (Page 1, Section 1 (definition of Declara)

Governing law

General Not-For-Profit Corporation Act of the State of Illinois (By-laws Article I)

Assessments & dues

Board estimates annual common expenses budget on or before November 30 each year; assessed equally to all lot owners (Section 8(a))

Special assessments

Board may levy further assessment if annual budget proves inadequate due to non-payment or other reasons; notice required, effective 30 days after delivery (Section 8(a) (adjusted budget))

Collections & liens

Assessments are a lien on the lot; after recording notice and 30 days notice to lienholders, lien may be foreclosed like a mortgage; lot owner waives redemption rights (Section 8(c))

Reserves & fees

Board may build up and maintain reasonable reserve for contingencies and replacements of private drive and easements (Section 8(a) (last paragraph))

Pets

Only dogs, cats, or other household pets may be kept, subject to Board rules; no commercial purpose; any pet causing nuisance may be permanently removed upon 10 days written notice (Section 6(e))

Leasing & rentals

Yes, any lot owner may lease any lot it owns (Section 14)

Fences

Fences will not be changed unless all fences in the Property are changed (Section 2(a) (in context of architectura)

Architectural approval

Within 30 business days after submission of all required information, Committee must approve, disapprove, or suggest changes; if no action within 30 business days, proposals are conclusively presumed approved (Section 2(a))

Home business

Permitted: maintaining personal professional library, keeping personal business records, handling personal or professional telephone calls or correspondence, as customarily incident to residential use (Section 6(j))

Insurance

Fire and extended coverage insurance on improvements within Private Drive (at least 80% replacement cost); comprehensive public liability ($1,000,000 minimum per occurrence), directors' and officers' liability, property damage, workers' com (Section 9(a)(i)-(iii))

Use restrictions

Each Lot shall be used for residential purposes and for no other purposes; no industry, business, trade, occupation or profession of any kind (Section 6(a) and (g))

Voting & meetings

Each member entitled to number of votes equal to number of lots owned; total votes = 12 (By-laws Article III, Section 2(a))

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