Wexford HOA Co Psi

Key facts from Wexford HOA Co Psi's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (single-family residential subdivision) (General description)

Units / lots

At least 57 (Unit 1: Lots 1-5 and A,B,C = 8; Unit 2: Lots 1-31 and D,E = 33; Unit 3: Lots 66-79 and F,G = 16) (Exhibit A)

Developer / declarant

The Wexford Limited Partnership, an Illinois limited partnership, by Kimball Hill, Inc., its sole general partner (Recitals and execution page)

Governing law

General Not For Profit Corporation Act of the State of Illinois; Illinois Compiled Statutes (Bylaws Art II Sec 2.02; Art IX Sec 3)

Assessments & dues

By affirmative vote of majority of Board; if not set, prior year's amount continues (Art V Sec 6(f), 6(j))

Special assessments

Allowed for capital improvements or unexpected repairs; levied by Board (Art V Sec 6(d))

Collections & liens

Assessment is a continuing lien on the Lot; can be foreclosed by court action; also personal obligation of owner (Art V Sec 6(b), 6(g))

Reserves & fees

Contingency and Replacement Reserve of $25 per lot initially; Association may also establish working capital fund (Art V Sec 6(a), 5(e))

Pets

Yes, inoffensive common domestic household pets such as dogs and cats (Art III Sec 9)

Leasing & rentals

Not explicitly restricted; definition of Owner includes contract sellers, implying leasing may be allowed (Art II Sec 1(m) and overall context)

Home business

Allowed: personal professional library, personal business records/accounts, handling personal business/professional calls/correspondence (Art III Sec 1)

Maintenance

Owner maintains Dwelling and Dwelling Exterior; Association maintains Community Area (including wetlands, entryway monuments, landscaping) (Art III Sec 6; Art V Sec 5(a), 5(b))

Use restrictions

All Lots shall be used only for free-standing single-family residences; no manufacturing, industrial, business except temporary sales office (Art III Sec 1, 3)

Voting & meetings

One vote per Lot; if multiple owners, they designate a Voting Member or agree on vote (Art V Sec 4(b); Bylaws Art IV Sec 4.01)

Amendments

By 2/3 written vote of all Voting Members; while Declarant owns Lots, requires Declarant consent plus 2/3 of Lots not owned by Declarant. Special amendments by Declarant for agency compliance or error correction until Turnover Date. Amendme (Art IX Sec 6, 7)

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