Steinmeier

Key facts from Steinmeier's documents

Community type

Homeowners Association (HOA) for a Planned Unit Development (PUD) (Article I.S defining 'PUD Plan'; Article)

Units / lots

83 (assumed for voting purposes) (Article III.Section 3.B.(b): 'it shall b)

Developer / declarant

Steinmeier Village Building Corporation, an Indiana corporation (Article I.F)

Governing law

Laws of the State of Indiana (not-for-profit corporation) (WHEREAS clause: 'under the laws of the S)

Assessments & dues

Maximum $70.00 per month per Lot (until December 31, 1996); thereafter may increase up to 10% per year without vote (Article V.Section 3: 'maximum annual ass)

Special assessments

Allowed with assent of two-thirds of total votes for capital improvements or unanticipated exterior maintenance (Article V.Section 4)

Collections & liens

Assessment becomes a lien; can be foreclosed like a mortgage; includes costs and attorneys' fees (Article V.Sections 10, 11)

Reserves & fees

Adequate reserve fund for periodic maintenance, repair, and replacement of common elements and exterior of living units (Article V.Sections 1 and 2)

Pets

Implied; farm animals and domestic animals for commercial purposes prohibited (First section: 'No farm animals, fowls, )

Leasing & rentals

Yes, but not for hotel or transient occupancy (Article X.Section 1.C: 'Lease, rental or)

Architectural approval

Yes; Architectural Committee (Board or appointed) must approve exterior additions, alterations, fences, lighting, etc. (Article VI.Section 1)

Home business

Incidental office use permitted if in compliance with zoning (Article X.Section 1.D)

Setbacks / home size

Building set-back lines established on plat; between those lines and streets, no building except open unenclosed one-story porches (First section: 'Building set-back lines )

Use restrictions

Yes (Article X.Section 1: 'No Living Unit sha)

Voting & meetings

Two classes: Class A (Owners) – 1 vote per Lot (2 for Oversize Lot); Class B (Declarant) – 5 votes per Lot owned/parcel/acre. Class B terminates on specified events. (Article III.Section 3)

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