The Trails at Woodfield

Key facts from The Trails at Woodfield's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Section 2.1: all Lots restricted exclusi)

Developer / declarant

Precedent Residential Development, LLC, an Indiana limited liability company (Preamble (WITNESSETH))

Governing law

Indiana Code relating to nonprofit corporations (Section 7.1)

Assessments & dues

Board must prepare budget at least 60 days before fiscal year. Base Assessment is then levied equally on all Lots to cover budgeted Common Expenses, including reserves. (Section 8.3)

Special assessments

Requires affirmative vote or written consent of at least 2/3 of Total Vote and also Class B Member if exists. For individual lot violations, Board may levy Special Assessment after notice and hearing. (Section 8.4(a) and 8.4(b))

Collections & liens

Unpaid assessments constitute a lien on the Lot, superior to all other liens except taxes and first mortgages. Association may foreclose. (Section 8.5)

Reserves & fees

Budget shall include capital contribution for maintaining a reserve fund for repairs, replacements, emergencies, etc. (Section 8.3 (item x) and Section 8.6)

Pets

Section 10.5 Animals and Pets exists (content not provided in extract). (Table of Contents, Article X Section 10.)

Fences

Section 10.2 Exterior Appearance and Fences exists (content not provided in extract). (Table of Contents, Article X Section 10.)

Architectural approval

Yes, Architectural Standards Committee and New Construction Committee must approve exterior improvements, additions, changes. (Section 1.3, Section 1.26, Article IX ge)

Signs & flags

Section 10.3 governs Signs (content not provided in extract). (Table of Contents, Article X Section 10.)

Maintenance

Owner responsible for interior and exterior of Lot and Dwelling Unit; Association responsible for Areas of Common Responsibility (Common Areas, Common Properties). (Section 5.1 and 5.2)

Insurance

Association shall procure casualty insurance for Common Properties, liability insurance, and other insurance as deemed necessary. Must include waiver of subrogation, 30-day cancellation notice, and Developer as additional insured on liabili (Section 6.1)

Use restrictions

All Lots restricted exclusively to single-family residential use. (Section 2.1)

Voting & meetings

Class A (Owners): one vote per Lot. Class B (Developer): six votes per Lot owned or per maximum number of Lots allowed by zoning for unplatted land. Only one vote per Lot if multiple owners unless otherwise agreed. (Section 4.2(a) and 4.2(b))

Amendments

Article XII Section 12.3 (Amendments) mentioned in table of contents; specific procedure not extracted. (Table of Contents Article XII Section 12)

Amenities

Pool and bath house referenced in definition of Capital Contributions (Section 1.10). Also 'recreational facilities' mentioned in Section 8.3(viii). (Section 1.10, Section 8.3(viii))

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