Bradford Trace Ccrs

Key facts from Bradford Trace Ccrs's documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential homeowners association (HOA) (Page 1: 'residential community with perm)

Units / lots

164 (59 in Phase A, 105 in Phase B) (Original Declaration Art I Sec 5: 'Fifty)

Developer / declarant

Bradford Development Corporation

Governing law

Indiana Not-for-Profit Corporation Act of 1971 (Association); Indiana General Corporation Act (Declarant) (Article I, Section 1 (Supplemental Decla)

Assessments & dues

Maximum $500.00 per Lot per year initially, payable in equal monthly installments (Original Declaration Art IV, Sec 3)

Special assessments

For capital improvements, requires 2/3 vote of each class (Original Declaration Art IV, Sec 4)

Collections & liens

Assessments are a continuing lien on the Lot; Association may foreclose or sue personally. Lien subordinate to first mortgage; foreclosure sale extinguishes past due assessments but not future. (Original Declaration Art IV, Sec 1 and S)

Fences

Fences require ARC approval; sight distance restrictions on corner lots: no fence, wall, hedge or shrub between 2 and 6 ft above street within 25 ft of street intersection or within 10 ft of driveway/ alley intersection. (Original Declaration Art X, Sec 4)

Architectural approval

Yes, for any alteration, improvement, change of paint colors, fences, structures, etc. (Original Declaration Art X, Sec 3)

Signs & flags

Regulated by Architectural Review Board general rules (including signs). (Original Declaration Art XI, Sec 1(d): ')

Setbacks / home size

Each Lot shall contain a single family dwelling of not less than 1,000 sq ft gross living area (Phase A); for Phase B, same requirement implied by incorporation of Declaration? Phase B document does not restate lot size, but incorporates De (Original Declaration Art I, Sec 5: 'Each)

Maintenance

Association (under exterior maintenance) (Original Declaration Art V: 'Paint, repa)

Insurance

Association must maintain fire and extended coverage on insurable common property at 100% replacement cost; also comprehensive public liability insurance of at least $1,000,000 per occurrence. (Original Declaration Art VIII, Sec 4(d) )

Use restrictions

Yes (Original Declaration Art XI, Sec 1(a): ')

Voting & meetings

Class A: one vote per Lot; Class B: three votes per Lot (Declarant). Class B ends when Class A votes equal Class B or June 1, 1979. (Original Declaration Art III, Sec 2)

Amendments

First 20 years: 90% of Lot Owners; thereafter: 75%. Must be recorded. Revocation of covenants: 75% of Lots, recorded 6 months in advance with 90 days notice to owners. (Original Declaration Art VII, Sec 3; Sup)

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