Highland Pk Club Homeowners

Key facts from Highland Pk Club Homeowners's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Highland Park Club Homeowners Association

Developer / declarant

Baxter Homes Corporation, an Illinois corporation (Article I Section 4)

Assessments & dues

Determined annually by Board estimate of total cash requirements for next calendar year, assessed equally per Residence (except Declarant). Paid in monthly installments (1/12th) due on first day of each month. (Article IX Section 3(a))

Special assessments

May be levied for capital improvements or unforeseen expenses; requires assent of two-thirds (2/3) of votes of each class of Members voting in person or by proxy at a meeting duly called. Notice 15-60 days in advance. Also supplemental asse (Article IX Section 3(b)-(c))

Collections & liens

Each assessment, together with interest, costs, and reasonable attorneys' fees, constitutes a lien on the Residence. Association may bring action at law or foreclose lien. Lien subordinate to first mortgages, but subsequent assessments are (Article IX Sections 1, 6, 7)

Reserves & fees

Board shall establish and maintain reasonable reserves for contingencies, replacements, and extraordinary expenditures. If depleted, supplemental budget shall provide for reestablishment reasonably appropriate. (Article IX Section 3(e))

Use restrictions

Each Residence shall be used solely as a residence for a single family. No business, industry, trade, occupation, or profession of any kind allowed anywhere on the Property. No noxious or offensive activity. All leases must be in writing fo (Article VII Section 1)

Voting & meetings

Class A Members (all Members except Declarant): one vote per Residence owned. Class B Member (Declarant): three votes per Residence owned until the earliest of (i) 75% of Residences sold and conveyed, (ii) five years after first Residence c (Article IV Sections 1-2)

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