Willow Bay HOA

Key facts from Willow Bay HOA's documents

Community type

Homeowners Association

Legal name

Willow Bay Homeowners Association, Inc.

Governing law

Illinois General Not-for-Profit Corporation Act (805 ILCS 105/110.15) (Recitals, page 1-2: "pursuant to Illinoi)

Assessments & dues

Board of Directors determines annual assessments and any initiation fee from time to time. (Bylaws Article X Section 1 (page 19): "T)

Special assessments

Special assessments for capital improvements may be levied by the Association. (Declaration Article VI.A.2 (page 7): "Sp)

Collections & liens

Unpaid assessments become a lien on the lot recorded in Cook County Recorder; lien may be foreclosed like a mortgage; Association may bid at sale; lien prior to all subsequent liens; purchaser at judicial foreclosure must pay proportionate (Declaration Article VI.B, C, D (pages 7-)

Reserves & fees

Reasonable late fees may be charged on unpaid assessments. (Declaration Article VI.B (page 7): "incl)

Leasing & rentals

Leasing allowed but subject to control or restriction; short-term rentals (30 days or less) are prohibited. (Declaration Article V.B.6 (page 6): "The)

Architectural approval

All exterior improvements must be approved in writing by a committee of three members selected by the Association. (Declaration Article III.F (pages 3-4): ")

Setbacks / home size

Minimum front, side, and rear yard requirements as indicated on the recorded subdivision plat (Document 254497). (Declaration Article III.B (page 3): "The)

Use restrictions

Only single-family dwellings and usual accessory outbuildings permitted on any lot or parcel. (Declaration Article III (page 3): "Only )

Voting & meetings

One vote for each lot; each member (Owner of record) has one vote per lot; if multiple owners, they determine how vote cast but only one vote per lot. (Article V.A (page 6): "one vote for each)

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