Sugar Tree

Key facts from Sugar Tree's documents

Community type

Residential community with private streets, parking spaces, open spaces, walls, fences, and other common facilities for the benefit of such residential community (WHEREAS paragraph: 'Declarant desires an)

Legal name

Sugar Tree Homeowners Association, Inc. (or similar name) (WHEREAS: 'a not-for-profit corporation u)

Developer / declarant

Sugar Tree, Inc., an Indiana corporation (formerly Pen Tree, Inc.) (First paragraph: 'by SUGAR TREE, INC., a)

Governing law

Indiana Not-For-Profit Corporation Act of 1971, as amended (Article I, Section 1(a): '“Act” shall me)

Assessments & dues

$1,020 per year per Lot with completed Dwelling Unit; $120 per year per Lot without completed Dwelling Unit (prorated) – for period from first conveyance until earlier of Applicable Date or December 31, 1981 (Article X, Section 5(b)(i) (under topic )

Special assessments

Permitted for unusual or extraordinary expenses, subject to Owner approval, except emergency or capital expenditures may be made by Board without Owner vote? (text garbled) – then, such assessments become a lien (Article X, Section 4)

Reserves & fees

Mentioned in context of annual budget – 'including reserve funds as hereinabove provided' (Article X, Section 3). Not detailed further. (Article X, Section 3: 'including reserve)

Pets

Yes, dogs and cats as pets are permitted, subject to restrictions (Article XIV, paragraph (e): 'pet dogs, c)

Leasing & rentals

Not explicitly prohibited; declaration is silent on leasing. However, owner must comply with all restrictions. (No restriction found)

Parking & vehicles

Not prohibited for passenger cars; Sugar Tree Lane is a private street and owners have easement to use it for access and parking? No parking restrictions detailed apart from the vehicle type restriction. (Article II, Section 2 – easement for ing)

Fences

Perimeter walls and chain link fencing originally installed by Declarant are part of Common Properties; other fences require ARC approval (Article VII, Section 2 (common propertie)

Architectural approval

Yes – no building, structure, fence, wall, or other improvement, nor any addition, alteration, or exterior change shall be erected, placed, or altered without prior written approval of the Architectural Review Board (Article VIII, Section 3: 'No building, f)

Maintenance

Owner's responsibility – part of exterior of Dwelling Unit (Article VII, Section 1: 'each Owner shal)

Insurance

Corporation shall purchase master casualty insurance on Common Properties (fire and extended coverage, full replacement value; optionally 'all risk' coverage). Also public liability insurance, workers' compensation, etc. (Article XII, Sections 1 and 2)

Use restrictions

All Lots and Dwelling Units shall be used exclusively for residential purposes for occupancy by a single family (Article XIV, paragraph (a): 'All Lots an)

Voting & meetings

Class A (owners) – one vote per Lot; Class B (Declarant) – five votes per Lot owned and five per numbered parcel, until Applicable Date (Article IV, Section 2(a) and (b))

Amendments

Requires 75% vote of all Owners; certain changes require unanimous approval of Owners and Mortgagees. Declarant may unilaterally amend to comply with governmental agency requirements until it no longer holds title. (Article XV, Section 1 and Section 2)

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