Village Grande at Ancient Oak

Key facts from Village Grande at Ancient Oak's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Village Grande at Ancient Oaks

Governing law

Illinois Not-For-Profit Corporation Act (reference in By-Laws Article 1) (By-Laws Article 1)

Assessments & dues

Determined annually by Board based on Estimated Cash Requirement; paid monthly (Section 8.3)

Special assessments

Permitted if Capital Reserve inadequate; requires 10 days written notice (Section 8.4(c))

Collections & liens

Unpaid assessments become lien on Lot, enforceable by foreclosure; subordinate to mortgages (Sections 8.9, 8.11)

Reserves & fees

Capital Reserve required; expenditures over $15,000 require 2/3 member approval (Section 8.4(a))

Pets

Yes, reasonable number of inoffensive common domestic household pets (dogs, cats, fish, birds, etc.) (Section 3.9)

Leasing & rentals

Yes, subject to Board regulation (Section 3.2)

Parking & vehicles

Recreational vehicles and trailers prohibited as temporary buildings (cannot be located on Lots) (Sections 3.6, 1.16 (Motor Vehicles defin)

Architectural approval

Yes, for any building, fence, wall, structure, or landscaping work; plans and specifications must be approved by Board or architectural committee (Article 4)

Home business

Permitted as incidental home occupation, no exterior alterations, no signs, no regular deliveries or customer traffic (Section 3.1(b)(1))

Maintenance

Association (Section 6.2 includes roof repair, replacement, and care) (Section 6.2)

Insurance

Association obtains comprehensive public liability insurance, workers compensation, property insurance on Common Area (Section 7.6)

Use restrictions

All Lots for Single-Family Dwellings only (Section 3.1(a))

Voting & meetings

Each Member (Owner) has one vote per Lot owned; co-owners of a Lot have one vote together (Section 7.4(b))

Amendments

Requires written consent of Owners of at least two-thirds of Lots and Developer; recorded; Developer may record Special Amendment for certain purposes without member approval (Sections 10.5, 10.6)

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