Lake Forest of Noblesville

Key facts from Lake Forest of Noblesville's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

138 (assumed for termination calculation) (Paragraph 11.B(b): 'for the purpose of m)

Developer / declarant

Boomerang Development, LLC

Assessments & dues

Maximum $395 per lot (Paragraph 12.D 'Three Hundred Ninety Fiv)

Special assessments

Levied for capital improvements, reconstruction, repair, replacement, or operating deficits; requires majority vote of members at meeting (Paragraph 12.E)

Pets

Only usual household pets; must be reasonably confined so as not to become a nuisance (Paragraph 7.C)

Parking & vehicles

No vehicle parked on street for more than 2 consecutive nights (Paragraph 7.D)

Architectural approval

No improvement of any type constructed or placed without prior written approval of Committee, except original builder home construction (Paragraph 8.A(i))

Signs & flags

No signs without prior written approval of Committee, except real estate sales signs (Paragraph 7.B)

Maintenance

Owner maintains lot and improvements. Association may enter and perform maintenance if owner fails, and charge cost back to owner as part of annual charge. (Paragraph 3.F)

Use restrictions

Every lot shall be used exclusively for single-family residential purposes; only a single-family dwelling house permitted (Paragraph 2.A)

Voting & meetings

Class A (1 vote per lot, no split vote); Class B Declarant (5 votes per lot owned and 5 votes per 15/100 acre undeveloped, multiple classes) (Paragraph 11.B)

Amendments

Covenants automatically renew for successive 10-year periods after January 1, 2030, unless changed by majority vote of lot owners. (Paragraph 16)

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