Springmill Trails Amenity Center

Key facts from Springmill Trails Amenity Center's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (amenity association, not a condominium) (Document type and Section 6: 'The Amenit)

Developer / declarant

SMT Amenity Declarant, LLC (an Indiana limited liability company) as Amenity Declarant; Title Holders: Wilfong Development Company, LLP, M/I Homes First Indiana, LLC, Paul L. Wilfong (Recitals and Section 2(A))

Governing law

Indiana (State of Indiana) (Signature pages: 'STATE OF INDIANA')

Assessments & dues

Not fixed; set annually by Amenity Board based on Annual Budget (Section 7(C): Annual Amenity Assessment)

Special assessments

Allowed: Amenity Board may levy Special Assessment if Annual Amenity Assessment inadequate to cover costs after Applicable Date. Also Capital Assessment for capital repairs or replacements (up to 4 succeeding years). (Section 7(D) and 7(E))

Collections & liens

Assessments are a continuing lien on the Lot; can be foreclosed in same manner as mortgages in Indiana. Attorney fees and costs included. (Section 7(B) and 7(F))

Reserves & fees

Amenity Board may establish and maintain a reserve fund for replacements from Annual Amenity Assessment allocation (Section 7(C)(1) and Section 7(I))

Architectural approval

Yes for permanent improvements to Amenity Area: before Applicable Date, approval by Amenity Declarant in its sole discretion; after Applicable Date, approval by Amenity Board in its sole discretion. (Section 4(K))

Maintenance

Amenity Association responsible for maintaining Amenity Area and Boulevard Enhancements. Owners responsible for damage they cause to Amenity Area/Amenities (Section 4(I)), and for assessments. (Section 4(B), 4(I), 5, 6(D))

Insurance

Public liability and casualty insurance insuring against risk of loss to Amenity Declarant and Amenity Association for injury to person/property and damage to Amenity Area and Amenities; errors and omissions insurance for officers/directors (Section 6(E))

Use restrictions

Not explicitly stated; but amenities are for residential lots in neighborhoods

Voting & meetings

Majority of duly qualified members of Amenity Board then occupying office and present, but no less than 2 members (First Amendment, Section 4(A) adding def)

Amendments

Before Applicable Date: Amenity Declarant may unilaterally amend by recording, unless prohibited. After Applicable Date: by majority vote of Amenity Board at meeting called for that purpose, but amendment affecting Amenity Declarant's right (Section 10(A), (B), (D))

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