Silver Lake Homeowner

Key facts from Silver Lake Homeowner's documents

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

Community type

Homeowners Association (Article III, Section 1: 'Silver Lakes Ho)

Legal name

Silver Lakes

Units / lots

31 (incomplete count from Exhibit A list) (Exhibit A – list of lots)

Governing law

Illinois not for profit corporation (Article I, Section 1: 'an Illinois not f)

Assessments & dues

Set annually by Board based on estimated cash requirements, not a fixed amount. (Article VII, Section 3(b): 'on or before)

Special assessments

Allowed; if exceeds $250 per Lot in any assessment year, requires 2/3 vote of members present or proxy. (Article VII, Section 3(d): 'special asse)

Collections & liens

Unpaid assessments constitute a lien on the Lot; Association may foreclose or bring action at law. (Article VII, Section 5: 'lien and equita)

Reserves & fees

Board shall establish and maintain reasonable reserves for contingencies and replacements. (Article VII, Section 3(f): 'establish an)

Pets

Dogs, cats, other common household pets allowed (not for commercial). No other animals, poultry, livestock. (Article VI, Section 2: 'dogs, cats and o)

Parking & vehicles

Commercial vehicles not allowed to be stored (defined as any vehicle with commercial sign, logo, or writing). (Article VI, Section 4: 'The term "commer)

Fences

Fences prohibited on lots adjacent to Outlots A and B; all other fencing subject to architectural approval. (Article V, Section 7(h): 'Fences are pro)

Architectural approval

Required for new construction and exterior alteration of any residence, building, structure, accessory recreational structure, wall, fence, awning, canopy, deck, landscaping, in-ground pool, spa, tennis court. (Article V, Section 2: 'An Owner must obt)

Home business

Personal professional library, records, telephone calls, correspondence allowed; no general home business. (Article VI, Section 1: 'not ... prohibit)

Signs & flags

Exterior signs prohibited except family name designation ≤240 sq. in. and 'For Sale' real estate signs allowed. (Article V, Section 7(a): 'family name de)

Setbacks / home size

Ranch/one-story: 1,800 sq. ft.; Two-story: 2,400 sq. ft.; exclusive of garages; floor area measured from exterior walls; rooms with ceiling height <3 ft above grade and no direct outside ingress/egress excluded. (Article V, Section 6(a)-(b))

Maintenance

Association maintains Common Area (including Lake Area, street lighting, entry monument, landscaping). Owner is responsible for damage to their own improvements and must restore after casualty. (Article VI, Section 7 and Section 8: 'Al)

Insurance

Fire and extended coverage (vandalism, malicious mischief) for Common Area at full insurable replacement value; premiums are Common Expense. (Article VIII, Section 1: 'obtain insuran)

Use restrictions

Principal structure shall be a Residence and used only for residential purposes; limited home office activities permitted as incidental. (Article VI, Section 1: 'shall be used on)

Voting & meetings

One vote per Lot; if multiple owners, they determine how to cast the single vote. (Article IV, Section 1: 'Each Member shal)

Amendments

Requires 75% of Lots (75% vote); must be in writing and recorded; no amendment that limits Village's rights without Village consent. (Article X, Section 1: 'Owners representi)

Amenities

Lakes and Lake Area (Outlots A and B) – swimming and motor boats prohibited; no boat docks or piers; subject to Association rules. (Article XI, Section 1(e): 'use of the La)

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