Fox Ridge (IN)

Key facts from Fox Ridge (IN)'s documents

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

Community type

Covenant / Planned Community

Legal name

Fox Ridge

Developer / declarant

Donald W. Brennan

Special assessments

Allowed when annual assessments are insufficient or for unanticipated common expenses; levied by Board of Directors (Article VI, Section 5)

Collections & liens

All assessments are a prior lien on the lot, subject only to taxes, municipal liens, and first mortgage liens; may be foreclosed upon in court with interest, attorney's fees and costs; sale or transfer does not affect lien; mortgage foreclo (Article VI, Section 2)

Reserves & fees

Reasonable allowance for contingencies and reserves included in annual budget (Article VI, Section 4)

Pets

Dogs, cats, or other household pets may be kept provided they are not bred, kept or maintained for any commercial use and are housed within the dwelling (Article III, Section 14)

Leasing & rentals

Owner occupancy required; if a building is owned by the same individuals, one side may be leased as long as the owner lives in the other side (Article III, Section 30)

Fences

All fences, walls, barriers must be approved in writing by ACC prior to construction; no such structure placed closer to front lot line than front building setback line; must be kept painted (Article III, Section 24)

Architectural approval

Committee shall approve or disapprove within 30 days after all required information submitted; notifications in writing; disapproval must specify reasons (Article V, Section 3)

Signs & flags

One professionally manufactured sign not more than 5 square feet advertising property for sale or rent, or builder sign during construction and sale period (Article III, Section 11)

Setbacks / home size

Minimum front and side street setbacks as shown on recorded plat; minimum side yard setback 3 feet; minimum aggregate of side yards 10 feet; eaves, steps, open porches not considered part of building (Article III, Section 3)

Insurance

Public liability insurance of at least $1,000,000 per occurrence; property insurance for common property against windstorm, vandalism, and other hazards under standard extended coverage; fidelity bond at least 3 months' assessments plus res (Article VII, Section 8)

Voting & meetings

Two classes: Class A (owners, one vote per lot); Class B (Declarant, three votes per lot owned until conversion) (Article VII, Section 2)

Amendments

Requires recommendation by Board of Directors, approval by owners of at least 2/3 of lots and mortgagees of at least 2/3 mortgagees requesting notice; also requires prior written approval of Declarant so long as Declarant owns at least four (Article VII, Section 7)

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