Shenandoah Townhomes

Key facts from Shenandoah Townhomes's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

attached single family residential community (townhome) (Section 13.01)

Legal name

Shenandoah West Townhome Association

Developer / declarant

Palos Bank and Trust Company, as Trustee under Trust Agreement dated April 25, 1991, Trust No. 1-3131, and not individually (Preamble and Section 1.09)

Governing law

General Not For Profit Corporation Act of 1986 (the "Act") (Section 1.01)

Assessments & dues

Not fixed; until Turnover Date, established by Developer; thereafter procedure in By-Laws (Section 10.05)

Special assessments

Permitted; fixed as uniform rate; may be levied for insufficient insurance proceeds (Section 8.01.C) or as provided in Declaration (Sections 10.04, 8.01.C)

Collections & liens

Assessments and violation costs constitute continuing lien on Townhome; lien subordinate to first mortgagee except for assessments due after Priority Date; foreclosure by judicial sale; costs and attorney's fees included (Sections 10.02, 14.04)

Reserves & fees

Capital contingency reserve created; Declarant units not assessed for capital contingency; closing contributions may go to reserve; reserves for common expenses (Sections 10.01(iv), 10.04, 10.06)

Signs & flags

Developer may maintain advertising signs; others subject to Board Rules (Sections 3.02.E, 3.04)

Maintenance

Association repairs shingles, roof and flashing (Section 7.01.B.2) (Section 7.01.B.2)

Insurance

Association obtains property insurance on Common Lot (hazard, fire, extended coverage, etc.) and on Townhomes (100% insurable replacement cost, $500 deductible); also comprehensive public liability ($1,000,000 minimum per occurrence) (Sections 8.01.A, 8.01.B, 8.02.A)

Use restrictions

Townhomes and Common Lot restricted to attached single family residential community (Section 13.01)

Voting & meetings

One vote per Townhome; cumulative voting for Board elections; Developer votes for units it owns; Owner delinquent on assessments ineligible to vote (By-Laws 4.01, 4.02; Section 6.03)

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