Goose Creek Estates

Key facts from Goose Creek Estates's documents

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

Community type

Residential Subdivision (residential community)

Legal name

The Goose Creek Estates Community

Governing law

Indiana Nonprofit Corporation Act of 1991 (Indiana Code 23-17-1, et seq.)

Assessments & dues

$150 per year (based on $12.50 per month) (Article X, Section 3 – The initial Regul)

Special assessments

Board may make special assessments without Owner approval (Article X, Section 4)

Collections & liens

Assessments become a lien on the Lot; may be foreclosed as mechanic's lien (Article X, Section 5(a))

Reserves & fees

Replacement reserve fund for capital expenditures, separate interest-bearing account (Article X, Section 2)

Architectural approval

Yes – Committee approval required for any construction, exterior alteration, plantings (Article VIII, heading and Section 1)

Insurance

Master comprehensive public liability insurance with minimum combined limit of $1,000,000 per occurrence (Article XII, Section 1)

Voting & meetings

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

Amendments

By vote of Owners; Declarant can amend until Applicable Date (Article XIV)

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