Foster Estates All

Key facts from Foster Estates All's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Quadrant Development Company, Inc.

Governing law

Indiana Code 23-17-1-1 et seq. (Articles of Incorporation, recitals: 'pu)

Assessments & dues

Initial cap $350 per lot per year (first year); thereafter set by budget (By-Laws Section 9.10)

Special assessments

For capital improvements and operating deficits; requires 2/3 vote of all Members (By-Laws Section 9.5 (operating) and 9.7 )

Collections & liens

Continuing lien on lot; Association may foreclose; subordinate to first mortgage; foreclosure of first mortgage extinguishes prior assessment liens (By-Laws Section 9.8 and 9.9)

Reserves & fees

Budget includes 'reasonable allowance for reserves for periodic repair and replacement' (By-Laws Section 9.4)

Parking & vehicles

Passenger vehicles allowed for up to 48 hours (Amended Deed: 'All passenger vehicles ma)

Fences

Subject to Architectural Control Committee approval; no specific standards given (Amended Deed: 'No building, fence, walls)

Architectural approval

Yes, for any building, fence, wall, other structure including pools (above-ground prohibited), ponds, spas, etc. (Amended Deed: 'LAND USE/ARCHITECTURAL CO)

Setbacks / home size

Minimum building setback lines as shown on plat; play equipment not in required yards (rear 20 ft, side 10 ft each) (Amended Deed: 'BUILDING LOCATION' and 'P)

Use restrictions

All lots designated residential; only single-family detached dwellings allowed (Amended Deed: 'All numbered lots in this)

Voting & meetings

Class A: one vote per lot owned by non-Developer; Class B: Developer has 303 votes until Turnover Date (By-Laws Section 2.3)

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