Country Gate All

Key facts from Country Gate All's documents

Community type

Covenant / Planned Community

Legal name

Country Gate

Governing law

Indiana Nonprofit Corporation Act of 1991, as amended (Section 1.2)

Assessments & dues

Not fixed; determined by Board each fiscal year based on budget (Section 5.4)

Special assessments

Board may levy special assessments at any time for unanticipated Common Expenses or if annual assessment insufficient (Section 5.5)

Collections & liens

Unpaid assessment becomes a lien on the Lot 30 days after due date; Association may foreclose the lien; lien subordinate to first mortgage (Section 5.8)

Reserves & fees

Mentioned in context of fidelity bond: bond coverage should be at least sum of one year's assessments plus Association's reserve funds (Section 4.4)

Pets

Dogs, cats, or other household pets may be kept, provided they are not bred/kept for commercial use (Section 7.5)

Parking & vehicles

No motor vehicle shall be parked on any street or public right-of-way, except on a temporary and non-recurring basis (Section 7.4(a))

Home business

Use of a portion of a Dwelling Unit as an office by Owner or tenant is not a violation if Owner is in compliance with Section 7.26 (Business Uses) (Section 7.1 (referencing Section 7.25/7.)

Signs & flags

No signs without Board written consent; exception: a single standard real estate 'for sale' or 'for rent' sign not exceeding six square feet; Developer signs allowed during Development Period. Board may regulate size and composition. (Section 7.3)

Use restrictions

Each Lot shall be used for residential purposes only; no trade or business of any kind (Section 7.1)

Voting & meetings

Two classes: Class A Members (all Owners except Developer) – one vote per Lot; Class B Members (Developer and designated assigns) – three votes per Lot. Class B terminates when Class A votes equal Class B or upon written resignation. (Section 4.2)

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