Timbermill Shores Property Owners Association

Key facts from Timbermill Shores Property Owners Association's documents

Community type

Property Owners Association (nonprofit corporation) (1.1-1.2)

Legal name

Timbermill Shores Property Owners Association

Assessments & dues

Set annually by Board based on budget (Section 5.1)

Special assessments

Allowed for capital improvements, major expenses, etc.; aggregate in any fiscal year not to exceed 5% of budgeted gross expenses without member approval (Section 5.2(a))

Collections & liens

Association has lien on land for assessments, etc.; lien is perfected by recording of Bylaws; foreclosure requires recording Notice of Lien; lien continues up to 6 years (Section 5.7)

Reserves & fees

Required for maintenance, repair, replacement of common elements; funded from assessments; segregated from operating fund (Section 5.1(b))

Parking & vehicles

Not allowed for more than 24 hours; credit given for on-street stalls abutting lakefront lots (Section 15.g)

Fences

Fences and retaining walls covered in Section 15.l; subject to ARC approval (Section 15.l)

Architectural approval

Yes, from Architectural Review Committee (Section 10)

Signs & flags

Signage types and locations subject to ARC approval; see Section 15.s (Section 15.s and 10.b submittal requirem)

Setbacks / home size

Two-bedroom apartment minimum 1400 sq ft; one-bedroom minimum 1100 sq ft; no studios (Section 15.c)

Insurance

$1,000 for fire property; $1,500 for liability (Sections 7.2(i) and 7.2(ii))

Voting & meetings

1 vote per 2000 sq ft of land owned (Section 2.3)

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