Bridgewater Farm Homeowners

Key facts from Bridgewater Farm Homeowners's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Bridgewater Farm Homeowners Association)

Legal name

Bridgewater Farm Homeowners Association

Developer / declarant

Columbia National Bank of Chicago and Northern Trust Bank/Lake Forest

Assessments & dues

determined annually by Board, assessed equally per lot (estimated cash requirement shall be asse)

Special assessments

yes, for deficiencies and capital improvements; capital improvements require majority vote of members (special assessment for improvements and )

Collections & liens

yes, Association may foreclose lien on lot; subordinate to first mortgage (The Association may recover any delinque)

Reserves & fees

yes, Board includes reasonable amount for reserve in annual estimate (a reasonable amount necessary for a rese)

Maintenance

Association responsible for common areas: Wetland Restoration Area, Pond Area, Outlots A, B, C, Scenic Corridor, Landscape and Conservancy District Easement, Landscape Easement, Entrance Island, Private Streets, Detention Areas, Drainage Ea (To care for, maintain, repair, or plow s)

Use restrictions

implied single family detached homes (rezoning other than single family detach)

Voting & meetings

each lot entitled to one membership, one vote per lot (No Lot shall have more than one Membersh)

Amendments

Developer reserved right to amend Declaration; no other procedure specified (Article X Section 1 the Developer has re)

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