Park Valley Estates

Key facts from Park Valley Estates's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision (Paragraph 2.A: 'Every numbered lot ... s)

Units / lots

See community descriptions for lot numbers; specific count not provided. Lots 1-33 Community One, 34-61 & 199-212 Community Two, etc. (Paragraph 3.A(i): 'Lots 1 through 33 are)

Governing law

Indiana not-for-profit corporation laws for the Association (Definitions: 'Association ... created as)

Assessments & dues

Initial maximum: $100 per Lot per year during first year after recordation (Paragraph 17.J: 'During the first year f)

Special assessments

May be imposed with 60% owner approval if annual assessments insufficient (Paragraph 17.E: 'special Assessment shal)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose. Lien subordinate to first mortgages. (Paragraph 17.H(i): 'such Assessment shal)

Reserves & fees

Annual budget includes 'reserves for periodic repair and replacement of the Common Area' (Paragraph 17.D: 'together with a reasona)

Pets

Yes, usual household pets (dogs and cats) but no more than two pets per household. Must be kept quiet and contained (leash or fence). Litters must be sold/removed within 6 months. (Paragraph 5.C: 'no animals shall be kept)

Leasing & rentals

Not directly addressed in provided text (No mention of leasing or rental restrict)

Parking & vehicles

Guest vehicles only, max 24 hours. All others prohibited generally. (Paragraph 5.D)

Fences

Fences on corner lots not to obstruct sight lines; no fence, wall, hedge, shrub planting that obstructs sight lines at 2-6 feet above street within triangular area formed by street property lines and line connecting points 25 feet from inte (Paragraph 3.B: 'No fence, wall, hedge or)

Architectural approval

Yes, prior written approval of Development Control Committee for any dwelling, building, structure, or improvement. Includes plans and specifications. (Paragraph 6.A(i): 'No dwelling, building)

Home business

Permitted only as allowed by Marion County Dwelling Districts Zoning Ordinance (Paragraph 2.A: 'other than the home occu)

Setbacks / home size

Front building lines as shown on recorded plat; structures prohibited between building line and street right-of-way. (Paragraph 3.B: 'Front building lines are)

Insurance

Each Owner solely responsible for insurance on their improvements and personal property; encouraged to obtain own coverage. (Paragraph 16.D: 'Each Owner shall be sol)

Use restrictions

Yes, each lot for single-family residential purposes only; no business except home occupations permitted by zoning (Paragraph 2.A: 'Every numbered lot ... s)

Voting & meetings

One vote per Lot owned; if multiple owners, they determine how vote is cast, but only one vote per Lot (Paragraph 15.B: 'shall be entitled to on)

Amendments

Developer may amend to comply with public agency or mortgage requirements without owner approval as long as Developer owns lots. Otherwise, termination requires 75% vote of Owners. Perpetual renewal every 10 years unless terminated. (Paragraph 11: 'Developer hereby reserves)

Amenities

Common Areas include retention/detention ponds, landscape easements, floodway of Grassy Creek, and street bubble intersection. No clubhouse, pool, etc. mentioned. (Definition of Common Area: 'those areas )

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