The Spring Knoll Property Owners Association, Inc.

Key facts from The Spring Knoll Property Owners Association, Inc.'s documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners Association (non-profit corporation) (By-Laws Art. I, Sec. 1.1; Declaration Ar)

Units / lots

96 (Ninety-Six) (Declaration Preamble (paragraph after WH)

Developer / declarant

Carter Properties, L.L.C. (Declaration Preamble)

Governing law

Indiana Non-Profit Corporation law (By-Laws Art. I, Sec. 1.1)

Assessments & dues

At the annual meeting, owners adopt a proposed budget; then Chairman and Secretary-Treasurer fix a uniform general assessment against each Lot. (Declaration Art. IV, Sec. 4.08 (as amend)

Special assessments

May be levied with approval of 2/3 of Owners voting in person or by proxy at a special meeting; notice 15 days in advance. (Declaration Art. IV, Sec. 4.09)

Collections & liens

Unpaid assessment becomes a continuing lien on the Lot, enforceable by foreclosure like a mechanic's lien; also personal obligation of the Owner at time due. (Declaration Art. IV, Sec. 4.05)

Reserves & fees

May be established with approval of Owners as part of budget for future capital expenditures. (Declaration Art. IV, Sec. 4.08)

Pets

Section 6.05 of Declaration addresses Animals but full text not provided. (Declaration Index (Sec. 6.05))

Parking & vehicles

Section 6.01 of Declaration addresses Vehicle Parking but full text not provided. (Declaration Index (Sec. 6.01))

Fences

Fences, walls, hedges or screening require approval as to location, type, materials, design and height by Developer; not placed within drainage, utility, landscape easements or public right-of-way. (Declaration Art. V, Sec. 5.08)

Architectural approval

Yes; all structures and improvements must receive written approval from the Architectural Design and Environmental Control Committee. (By-Laws Art. VIII, Sec. 8.3)

Home business

Section 6.02 of Declaration addresses Home Occupations but full text not provided in document excerpts. (Declaration Index (Sec. 6.02))

Signs & flags

Section 6.03 of Declaration addresses Signs but full text not provided. (Declaration Index (Sec. 6.03))

Setbacks / home size

Minimum finished first floor area (exclusive of garage, porches, basements): 1,150 sq ft for two-story; 2,000 sq ft for one-story; two-story must have at least 800 sq ft on second floor. (Declaration Art. V, Sec. 5.02(b))

Maintenance

Common Areas (including fencing, signage, retention lakes, drainage easements) maintained by Association. Individual Lot maintenance is Owner's responsibility. (Declaration Art. IV, Sec. 4.02(a); Art. )

Use restrictions

Yes; every Lot shall be used exclusively for single-family residential purposes. (Declaration Art. II, Sec. 2.01)

Voting & meetings

One vote per Lot; no cumulative voting; Class A (owners) one vote per lot; Class B (Developer) five votes per lot until conversion (By-Laws Art. III, Sec. 3.7; Declaration )

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