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)

Parking & vehicles

No truck over 3/4 ton load capacity stored on Lot (except during construction by Developer/builder) (Section 4.8)

Architectural approval

No improvements, alterations, repairs, change of colors, excavation, change in grade, or other exterior work shall be done without prior written approval of Architectural Review Committee (Section 6.3(i))

Home business

No business may be conducted in violation of home occupation provisions of applicable zoning ordinance (Section 4.4)

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.