Hidden Bay All

Key facts from Hidden Bay All's documents

Community type

HOA (Homeowners Association, Inc.) (Section 1(i))

Units / lots

6 (Lots 1-6) (Section 3)

Developer / declarant

Jonathan Gunstra, an Indiana Joint Venture (Premises (first line))

Governing law

Indiana Not-For-Profit Corporation Act (referenced regarding insurance proceeds) (Section 21(d))

Assessments & dues

Initially guaranteed not to exceed $60/month per Lot during first year; thereafter max 20% annual increase during management agreement period (Section 19(e))

Special assessments

Requires assent of two‑thirds of votes of each class at a duly called meeting; Declarant not to vote as proxy (Section 19(d))

Collections & liens

Unpaid assessments become a lien on the Lot; Corporation may foreclose as a mortgage, accelerate balance, seek appointment of receiver, or obtain money judgment (Section 19(f))

Reserves & fees

Replacement reserve fund may be established in annual budget; held in interest‑bearing account; not used for ordinary repairs (Section 19(b))

Architectural approval

Prior written approval needed for any exterior improvement, alteration, change of color, excavation, etc. (Section 17(c))

Amendments

Amendments generally require 2/3 vote of each class; Declarant may amend prior to Applicable Date; Declarant‑only amendments also allowed for certain purposes (Section 24)

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