Anchorage Ccrs

Key facts from Anchorage Ccrs's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

The Anchorage Homeowner's Association, Inc. (WHEREAS E)

Developer / declarant

The Anchorage Limited Partnership (an Indiana Partnership) and Summerlin Realty, Inc. (an Indiana Corporation) (Preamble and opening paragraph)

Governing law

Indiana not-for-profit corporation law (WHEREAS E (incorporated under laws of In)

Assessments & dues

General Assessment: uniform rate per lot for reserve, insurance, maintenance; after construction start, uniform rate for services (trash, lighting, snow removal). Marina Assessment: uniform rate per license holder. Special Assessments: as n (Article IV, General Assessments (b), Mar)

Special assessments

Yes, the Corporation may levy special assessments for capital improvements or extraordinary expenses. (Article IV, Section (d) (Special Assessm)

Collections & liens

Assessments are a continuing lien on the lot until paid in full; also personal obligation of the owner when due. (Article IV, Section (a))

Reserves & fees

Yes, for replacement of streets, common areas, and boat docks. (Article IV, General Assessments (b)(1) a)

Fences

Fences require committee approval; no further detail. (Article II, Section 1)

Architectural approval

Yes, any structure, fence, wall, or other improvement requires written approval of the Architectural Development Control Committee. (Article II, Section 1 (Architectural and)

Home business

Permitted if allowed by applicable zoning and approved by the committee. Sign restriction only for advertising such occupation. (Article III, Section 1)

Setbacks / home size

One-story: ground floor area 2,200 sq ft; story-and-a-half: 2,600 sq ft (min ground 1,800); two-story: 2,800 sq ft (min ground 1,400). (Article III, Section 2)

Use restrictions

Yes, except home occupations permitted under zoning if approved by committee. (Article III, Section 1)

Voting & meetings

Two classes: Class A (lot owners other than Declarant) and Class B (Declarant). Voting rights specified in Articles and By-Laws. (Article IV, Sections 1 and 2)

Amendments

By instrument signed by officers of Corporation with approval of not less than two-thirds (2/3) of Class A members' votes at a meeting. Declarant may amend unilaterally until December 31, 2000, with limitations (cannot restrict existing own (Article VIII, Section 4 (Amendment))

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