Wabash Club Townhomes

Key facts from Wabash Club Townhomes's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

The Wabash Club Townhomes Homeowners Association (Section 1.02)

Developer / declarant

2301 South Wabash Development Corp., an Illinois corporation (first paragraph)

Governing law

Illinois General Not-For-Profit Corporation Act (Section 5.01)

Assessments & dues

Board estimates Aggregate Annual Assessment on or before December 1; divided equally among Townhouses; monthly payments of 1/12 (Section 6.03)

Special assessments

Allowed; if aggregate exceeds $250 per Townhouse in 12 months, requires affirmative vote of at least one-half of votes cast at a meeting; otherwise Board may levy (Section 6.04)

Reserves & fees

Board may establish such reasonable reserves as deemed appropriate (Section 6.02(b))

Pets

Yes, household pets such as dogs and cats may be kept, provided not for commercial purpose and not disturbing peaceful use and enjoyment (Section 4.10)

Parking & vehicles

Prohibited: no trailers, boats, motor homes or other recreational vehicles placed or parked on any portion of a Townhouse (Section 4.17)

Architectural approval

Yes, for any exterior addition, change, or alteration (including change of color, patios, windows, doors, storm doors, screens) after Developer construction; plans must be approved by Developer or Architectural Control Committee (Section 4.05)

Home business

Not prohibited for personal business calls/correspondence, but no general business activity; subject to legal permits (Section 4.07)

Maintenance

Association responsible for roof replacement; may levy special assessment or use reserves for that purpose (Section 4.04)

Insurance

Board may pay deductible as common expense, assess against responsible Owner, or require affected Owners to pay (Section 7.05)

Voting & meetings

Class A: one vote per Townhouse owned; Class B (Developer): three times Class A votes until 90% sold or Developer elects to convert (Section 5.03)

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