Eagle Crossing

Key facts from Eagle Crossing's documents

Community type

Covenant / Planned Community

Governing law

Indiana Nonprofit Corporation Act of 1991 (Section 1.2)

Assessments & dues

Board establishes annual budget before fiscal year, mails to Owners; budget serves as basis for annual assessments (Section 5.4)

Special assessments

Board may levy special assessments if annual assessments insufficient or for unanticipated Common Expenses (Section 5.5)

Collections & liens

Assessment is a lien on Lot from due date, subordinate to prior mortgages. Association may foreclose lien in court action. (Sections 5.2, 5.8)

Reserves & fees

Budget includes a reasonable allowance for contingencies and reserves (Section 5.4); fidelity bond coverage not less than one year's assessments plus reserve funds (Section 4.3) (Sections 5.4, 4.3)

Pets

Yes, but no farm animals, fowls, or domestic animals for commercial purposes (Section 7.5)

Parking & vehicles

No parking on street or public right-of-way except on a temporary and non-recurring basis (Section 7.4(a))

Fences

No improvements or permanent structures, including fences, in Landscape Easements without Board consent (Section 3.6); no fences in patio area without written consent of both owners and Committee (Section 3.11); generally fence construction (Sections 3.6, 3.11, 6.4)

Architectural approval

No construction of improvements (excluding vegetative landscaping) or exterior alterations (excluding repainting original color) without prior written approval of Committee (Section 6.4)

Home business

The use of a portion of a Dwelling Unit as an office by an Owner, or his tenant shall not be considered to be a violation if Owner is in compliance with Section 7.26 (Section 7.1)

Signs & flags

No signs without Board consent, except legal proceedings and one real estate sign not exceeding 6 sq ft; Developer may use signs; no business signs (Section 7.3)

Setbacks / home size

No building or structure shall be located on any Lot outside of the setback lines designated on the Plats (Section 7.1)

Maintenance

Association: maintain Common Areas (including landscaping along primary roads, medians, entry features). Owner: maintain Lot and Dwelling Unit interiors and exteriors, lawns, landscaping, grounds. (Section 4.2(a) and (b))

Insurance

Association shall maintain public liability insurance, and if appropriate, fire and extended coverage on Common Areas (Section 4.3)

Use restrictions

Each Lot shall be used for residential purposes only, and no trade or business of any kind may be carried therein (Section 7.1)

Voting & meetings

Each Lot entitled to one vote; multiple owners of one Lot treated as one member; Developer appoints Board during Development Period (Section 4.1)

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