Paddock at Saratoga

Key facts from Paddock at Saratoga's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Article I definitions; Association is no)

Legal name

The Paddock at Saratoga

Developer / declarant

Davis Homes LLC

Governing law

Indiana Nonprofit Corporations Act of 1991, Ind. Code §23-17-1-1 et seq. (Section 1.1)

Assessments & dues

Board of Directors fixes Regular Assessment; may increase up to 5% per year without membership vote; above that requires majority vote of members (Section 7.2)

Special assessments

May be levied for capital improvements, deficits, or special maintenance; requires assent of majority of each class of members at a meeting with quorum (Section 7.3)

Reserves & fees

Portion of Regular Assessment may be set aside in reserve fund for capital repairs and replacements (Section 7.1)

Pets

Dogs, cats, or customary household pets in reasonable numbers; subject to Board rules (Section 4.6)

Architectural approval

If ARC does not approve within 45 days after all required information submitted, the request is deemed denied (Section 6.4)

Signs & flags

One sign of not more than six (6) square feet may be displayed for sale; Developer may use larger signs during development; subject to town ordinance (Section 4.9)

Use restrictions

All Lots in the Subdivision shall be used solely for residential purposes (Section 4.4)

Voting & meetings

Class A members: one vote per Lot; Class B (Developer): three votes per Lot owned; Class B ceases when Class A votes equal Class B or Development Period ends (Section 5.2, 5.3)

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