Abbey Villas Homeowners Association, Inc.

Key facts from Abbey Villas Homeowners Association, Inc.'s documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Title: Abbey Villas Homeowners Associati)

Units / lots

32 (16 A lots and 16 B lots) (Article IV, Section 2(a): total possible)

Developer / declarant

RKY Development, LLC (Page 5: made this ... day of muy, 2009, )

Governing law

Indiana Nonprofit Corporation Act of 1991, as amended (Article I (a): “Act” shall mean and refe)

Assessments & dues

Board prepares proposed annual budget; budget approved by owners at annual meeting; assessments based on budget (Article XII, Sections 2 and 3)

Special assessments

Board may make special assessments without owner approval for unusual/extraordinary Common Expenses, capital expenditures, etc. (Article XII, Section 4)

Collections & liens

Assessments become a lien on the Lot; lien may be foreclosed like mechanic's lien; also may sue for money judgment (Article XII, Section 5(a): the lien for )

Reserves & fees

Replacement reserve fund for capital expenditures and replacement/repair of Common Areas, maintained in separate interest bearing account (Article XII, Section 2: include the esta)

Voting & meetings

Class A: one vote per lot; Class B: four votes per lot for Declarant until Applicable Date (Article IV, Section 2)

Amenities

Detention pond (proposed lake), common areas, entrance identification signage and landscaping, fencing, naturalistic areas north of Buffalo Creek (Article I, definitions (h), (n), (r); Ex)

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