Melise Townhome Association

Key facts from Melise Townhome Association's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Melise Townhome Association, an Illinois not-for-profit corporation (Article 1, Section 1.1: 'Association: Me)

Legal name

Melise Townhomes Association

Developer / declarant

The Chicago Trust Company, a corporation of Illinois, as Trustee under Trust Agreement dated December 14, 1995 and known as Trust Number 1101481 (Article 1, Section 1.6: 'Declarant: The )

Collections & liens

Association has continuing lien on Dwelling Unit for costs of rebuilding, interest, reasonable attorneys' fees, administrative and court costs. Lien may be foreclosed in same manner as unpaid assessments. Lien subordinate to any mortgage on (Section 6.3.4: 'the Association shall ha)

Reserves & fees

Master Fund: a special reserve account to be used to make capital expenditures in connection with the Community Facilities. (Article 1, Section 1.14: 'Master Fund: A)

Use restrictions

Dwelling Unit is designed or intended for use as living quarters for one Family. (Article 1.9: 'Dwelling Unit: ... designe)

Voting & meetings

Voting Member is person entitled to vote per Unit Ownership (Section 2.2). Amendment requires consent of members owning at least 75% of dwelling units. (Article 1.22: 'Voting Member: The person)

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