Haverford Pl HOA

Key facts from Haverford Pl HOA's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Age-restricted single-family homeowners association (THE DEVELOPMENT SHALL BE AN AGE RESTRICT)

Legal name

The Haverford Place Homeowners Association (1.01 ASSOCIATION)

Developer / declarant

The Ryland Group, Inc., a Maryland corporation (1.09 DECLARANT: The Ryland Group, Inc., )

Governing law

Illinois General Not-For-Profit Corporation Act (formed (or will form) the Association un)

Age restriction

Development intended to qualify for Housing for Older Persons exemption; each Home must have at least one resident 55+ unless Board expressly approves otherwise in writing; no person under 18 may be resident; guests under 18 limited to 30 d (8.08 AGE RESTRICTIONS)

Assessments & dues

Board adopts budget by December 1 for ensuing calendar year; Community Assessment = estimated expenses + reserves - estimated receipts; divided equally among Lots; paid in periodic installments at least annually (6.02 COMMUNITY ASSESSMENT)

Special assessments

After Turnover, Board may levy special assessment for specific purposes or unanticipated deficit; requires affirmative vote of Voting Members representing at least two-thirds of votes cast; levied equally against all Lots; notice must state (6.05 SPECIAL ASSESSMENT)

Collections & liens

Charges are continuing lien on Lot and personal obligation of Owner; Association may bring action and foreclose lien (7.01 CREATION OF LIEN AND PERSONAL OBLIG)

Reserves & fees

Capital Reserve segregated and maintained for capital expenditures for Community Area and Landscape Buffer Easement; Board determines appropriate level based on useful life and cost projections (6.06 CAPITAL RESERVE)

Pets

Pets allowed in Home subject to Board rules and regulations (8.06 PETS)

Leasing & rentals

Owner may lease all (and not less than all) of Home subject to restrictions (8.14 LEASE OF A HOME)

Parking & vehicles

Trucks with D plates or equivalent, more than 2 axles, more than 4 tires, or gross weight over 8,000 pounds restricted from overnight parking (8.04 PARKING)

Fences

Fence permitted between rear lot line (not more than 6 inches from rear lot line) and back of home; Western Red Cedar board-on-board shadow box; height per municipal code but not exceeding 5 feet from finished grade; 1x6 boards; 4x4 posts w (8.12(c) CONSTRUCTION STANDARDS AND RESTR)

Architectural approval

Prior written consent of Declarant required for Regulated Work; if rights transferred to Association, administered per Transfer Agreement (9.06 ARCHITECTURAL CONTROL)

Home business

Resident may maintain personal professional library, keep personal business records, handle personal business calls/correspondence; in-home business permitted to extent allowed by applicable laws and ordinances (8.03(b), (c) RESIDENTIAL USE ONLY)

Maintenance

Association responsible for Community Area and Landscape Buffer Easement maintenance, repair, replacement; Owner responsible for Lot and Home generally; Declarant may require maintenance of portions (3.02; 5.01; 9.06(b))

Insurance

Association shall obtain fire and all-risk coverage for improvements to Community Area based on replacement cost; comprehensive public liability; workers compensation; other liability insurance; optional D&O and fidelity bonds (4.01 COMMUNITY AREA INSURANCE)

Use restrictions

Each Home shall be used only as a residence; no industrial, business, trade, occupation or profession on Premises except as permitted (8.03 RESIDENTIAL USE ONLY)

Voting & meetings

One Voting Member per Lot; each Voting Member has one vote per Lot represented after Turnover; prior to Turnover all voting rights vested exclusively in Declarant (5.03 VOTING MEMBERS; 5.05 VOTING RIGHTS;)

Amendments

Declarant may Record Special Amendment at any time to comply with agency requirements, correct errors, amend Exhibit A, or comply with laws; terminates 5 years after Declarant no longer holds title (10.01 SPECIAL AMENDMENTS)

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