Shadow Bend HOA

Key facts from Shadow Bend HOA's documents

Community type

Covenant / Planned Community

Legal name

Shadow Bend Homeowners Association

Governing law

Illinois Common Interest Community Association Act (765 ILCS 160/) (Act, Preamble)

Assessments & dues

Board fixes annual assessment based on budget sufficient to meet costs and expenses; written notice of change to owners (Article VI, Sections 6.03 and 6.06)

Special assessments

Allowed for capital improvements, unexpected repair or replacement; fixed at uniform rate for all Lots, collected monthly (Article VI, Section 6.04)

Collections & liens

Annual and special assessments are a continuing lien on the property; Association may foreclose like a mortgage; personal obligation of owner at time assessment fell due (Article VI, Sections 6.01 and 6.07)

Reserves & fees

Establishment and maintenance of a reserve for repair, maintenance, replacements, taxes, and other charges (Article VI, Section 6.02)

Pets

true (Article IX, Section 9.08)

Parking & vehicles

Prohibited; motor homes, trailers vans, campers, snowmobiles and boats are prohibited (Article IX, Section 9.18)

Home business

Prohibited (Article IX, Section 9.03 - no profession)

Signs & flags

Board may not prohibit display of American flag or military flag on Lot or immediately adjacent exterior; reasonable regulations allowed; flagpole allowed (Article IX, Section 9.20)

Use restrictions

true (Article IX, Section 9.03)

Voting & meetings

One vote per Dwelling Unit; when multiple owners, they determine how vote is cast but no more than one vote per Dwelling Unit (Article III, Section 3.01)

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