Tamarisk Ccrs

Key facts from Tamarisk Ccrs's documents

Community type

planned community (Title page)

Units / lots

42 lots (Lots 1 through 42) plus Blocks A, B, C, D (Page 1)

Developer / declarant

GBC Development, LLC (Page 1)

Governing law

Indiana non-profit corporation law (Page 1)

Assessments & dues

Maximum $250 per lot first year, with cumulative increases not exceeding 10% per year (Sections 5.3, 12.3)

Special assessments

Allowed with approval of owners at regular or special meeting or by mail-in ballot (Section 12.5)

Collections & liens

Unpaid assessments constitute a lien on the lot; may be foreclosed as a mortgage (Section 12.7(a))

Reserves & fees

Allowed as part of annual budget for capital expenditures and replacement of common areas (Section 12.2)

Parking & vehicles

Board may adopt rules prohibiting or regulating street parking (Section 2.9(c))

Architectural approval

Yes, for all structures, improvements, landscaping, tree removal, etc. (Section 11.3)

Signs & flags

Declarant and authorized builders may place signs; other signs not specifically addressed, but ARC approval required for changes (Sections 5.7, 11.3)

Setbacks / home size

Must comply with zoning ordinances; building setback lines as shown on plat (Section 2.5)

Maintenance

Owner (implied by residence maintenance responsibility) (Section 10.3)

Insurance

Fire and extended coverage on common area improvements for full replacement value; all risk if obtainable (Section 14.1)

Use restrictions

Not explicitly stated, but all structures intended as residences; no trailers used as residences (Sections 2.8)

Voting & meetings

Each lot has one vote; Class B (Declarant) has three votes per lot until Authority Transfer Date; cumulative voting prohibited (Sections 4.2, 4.3, 6.7, 6.8)

Amendments

HUD/VA approval required while Class B membership exists; otherwise not detailed in this excerpt (Section 5.8)

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