The Townes at Wellingshire

Key facts from The Townes at Wellingshire's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (HOA) under Southern Dunes Master Declaration (Recital C; Paragraph 1(s))

Units / lots

Maximum 137 Dwelling Units (Paragraph 1(q): 'maximum of 137 Dwelling)

Governing law

Not explicitly stated; Indiana law implied (General context)

Assessments & dues

Initially guaranteed by Declarant not to exceed a blank amount; after first year, up to a 20% increase per year on Guaranteed Charge. (Paragraph 18(e): 'MONTHLY REGULAR ASSESS)

Special assessments

Requires assent of two-thirds (2/3rds) of votes of each class (Class A and Class B) at a meeting. Declarant cannot vote as proxy for this matter. (Paragraph 18(d): 'two-thirds (2/3rds) of)

Collections & liens

Yes. Assessments become a lien on the Lot; may be foreclosed as a mortgage on real property. Subordinate to first mortgage. (Paragraph 18(g), 18(h))

Reserves & fees

Replacement reserve fund may be established from Regular Assessment; held in separate interest-bearing account. (Paragraph 18(b): 'replacement reserve fu)

Parking & vehicles

Private streets; limited common area includes parking spaces. No detailed rules extracted. (Paragraph 1(f), 9)

Architectural approval

Yes, for any exterior alterations, improvements, changes of color, etc. (Paragraph 16(c): 'No improvements, alter)

Signs & flags

Subject to Architectural Review Board approval (Paragraph 16(c): 'No improvements, alter)

Maintenance

Association (Paragraph 15)

Insurance

Master casualty insurance covering dwelling units and limited common area at full replacement cost; all risk if obtainable; public liability insurance (min $1M per occurrence). (Paragraph 20(a), 20(b))

Use restrictions

Not explicitly stated, but implied by nature of dwelling units

Voting & meetings

Two classes: Class A (owners, 1 vote per lot); Class B (Declarant, 5 votes per lot in Exhibit B until Applicable Date). Declarant appointed as proxy for owners until Applicable Date except for special assessments, mortgaging common area, or (Paragraph 11(b), 12(b))

Amendments

Mentioned in Paragraph 24 (not fully extracted); requires notice, resolution, meeting, adoption. (Paragraph 24)

Amenities

Private streets, retention pond, entrance identification sign. Declarant reserves right to build recreational facilities. (Paragraph 1(f), 5)

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