Castle Creek Elgin HOA

Key facts from Castle Creek Elgin HOA's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single family homes (page 1 title; Recitals "dwelling units a)

Legal name

Castle Creek of Elgin Single Family Homes

Developer / declarant

The Ryland Group, Inc., a Maryland corporation (Recitals; Section 1.09)

Governing law

Illinois General Not-For-Profit Corporation Act; Association is not intended to be a "common interest community association" as defined in Section 9-102(a)(8) of the Code of Civil Procedure (735 ILCS 5/9-102(a)(8)) (Recitals; Section 5.01)

Assessments & dues

Annual budget shall show estimated Community Expenses, estimated reserves, estimated net receipts/excess funds, and resulting Community Assessment; payable in periodic installments no less frequently than once each calendar year (Section 6.02)

Special assessments

After Turnover Date Board may levy special assessment for a specific purpose or to cover an unanticipated prior-year deficit; requires 2/3 affirmative vote of votes cast; levied against all Lots in equal shares; proceeds segregated except d (Section 6.05)

Collections & liens

Each Charge is a continuing lien on the Lot and a personal obligation of the Owner; enforceable by the Association (Section 7.01)

Reserves & fees

Capital Reserve maintained in special accounts solely for capital expenditures for Community Area; built up by separate/special assessments or Community Assessment; Board not liable for insufficient reserves and may levy special assessment (Section 6.06)

Parking & vehicles

Trucks with "D" or equivalent plates, more than two axles, more than four tires, or gross weight over 8,000 pounds prohibited from overnight storage/parking on Premises except inside closed garage or as Board permits (Section 8.04)

Fences

Rear-yard fence permitted only between rear lot line (no more than six inches from) and back of home; must be Western Red Cedar board-on-board (shadow box); height not exceeding five feet from finished grade; 1x6 boards edge-to-edge and bac (Section 8.11(c))

Architectural approval

Declarant has architectural control over Regulated Work; no earthmoving, filling, grading, construction, landscaping alteration, etc. without prior written consent of Declarant (or Board/holder of rights under Section 9.06); Declarant may p (Section 9.06(a))

Home business

Resident may maintain personal professional library, personal business records/accounts, and handle personal business/professional calls or correspondence in Home; in-home business permitted to the extent allowed by applicable laws/ordinanc (Section 8.03(b)-(c))

Maintenance

Association responsible for maintenance, repair and replacement of Community Area; Owner pays for damage to Community Area caused by Resident, pet, guest or invitee (Section 5.01; Section 3.04)

Insurance

Association shall obtain fire and all-risk coverage for Community Area improvements based on full replacement cost; comprehensive public liability insurance, workers compensation and other liability insurance as Board deems desirable; may o (Section 4.01(a)-(b))

Use restrictions

Each Home shall be used only as a residence; no industrial, business, trade, occupation or profession on any part of the Premises except as permitted in Article Nine or Section 8.03(b)-(c) (Section 8.03(a))

Voting & meetings

Prior to Turnover Date all voting rights vested exclusively in Declarant and Owners have no voting rights (Section 5.05; Section 9.05)

Amendments

Declarant may Record Special Amendment to comply with Fannie Mae/GNMA/FHLMC/VA/etc., correct errors/ambiguities, amend Exhibit A, or comply with laws; power terminates five years after Declarant no longer holds title to Development Area (Section 10.01)

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