Sagamore

Key facts from Sagamore's documents

Community type

HOA (Owners Association) (Article IV, Section 8.01)

Developer / declarant

Sagamore Development Company, LLC, an Indiana limited liability company (Opening paragraph)

Governing law

Indiana Nonprofit Corporation Act (references to Indiana statutes) (Sections 8.01, 8.02)

Assessments & dues

Computed by Board of Directors for Common Expenses and reserves, subject to Budget (Section 9.03)

Special assessments

Yes, for Common Expenses or restoration of Common Areas after damage/condemnation, may be levied without vote in certain circumstances (Sections 9.04, 6.02, 7.01(a))

Collections & liens

Yes, Association has a lien on each Lot/Dwelling for unpaid assessments, enforceable by foreclosure (Sections 9.02, 9.08, 9.09)

Reserves & fees

Yes, may be created (references to reserve fund in Sections 6.02, 7.01(a)) (Section 6.02, 7.01(a))

Pets

Yes, but subject to restrictions (Section 11.08) (Section 11.08)

Leasing & rentals

Yes, subject to restrictions (Section 11.13 "Leasing") (Section 11.13)

Parking & vehicles

Likely restricted under Section 11.11 (Motor Vehicles, Trailers, Boats) (Section 11.11)

Architectural approval

Yes, for exterior changes, construction, landscaping (Article X) (Section 10.05, 10.06, 5.01)

Home business

Prohibited by residential use restriction (Section 11.14) (Section 11.14)

Signs & flags

Restricted; unauthorized signs prohibited (Section 11.04); Declarant may have sales signs (Section 3.11); Section 11.03 "Signs" (Sections 11.03, 11.04, 3.11)

Maintenance

Owner responsibility (part of Dwelling) (Section 5.01) (Section 5.01)

Insurance

Subject to reasonable deductible levels (Section 6.01(a)) (Section 6.01(a))

Use restrictions

Yes, Lots and Dwellings for residential use only, no trade or business (implied by Section 11.14) (Section 11.14)

Voting & meetings

Class A Owners (Lots/Dwellings): one vote per Lot or Dwelling. Class B Owner (Golf Club Property): ten votes. (Section 4.01)

Amendments

Declarant may amend unilaterally until control period ends (Section 13.02); thereafter Association may amend with vote (Section 13.03). Specific percentages not stated in excerpt. (Sections 13.02, 13.03)

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