River Run Condominium Association

Key facts from River Run Condominium Association's documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (not condominium) (Throughout: "River Run Homeowners Associ)

Units / lots

429 units (as of 1999 amendment) (First amendment: "as of the date hereof,)

Governing law

Illinois General Not-For-Profit Corporation Act (referenced) (Article III, Section 6: "Unless otherwis)

Assessments & dues

Until January 1, 1995: $50.00/quarter per lot ($200/year); after that adjustable by Board (Article IV, Section 3: "until the year b)

Special assessments

Allowed for capital improvements with consent of 66% of Board members (Article IV, Section 4) (Article IV, Section 4: "special assessme)

Collections & liens

Unpaid assessments become a continuing lien on the lot; Association may foreclose; personal obligation also. Lien subordinate to first mortgage for purchase. After sale, subsequent assessments not relieved. Lien attaches to rents, but subor (Article IV, Sections 1, 9, 10)

Reserves & fees

Operating reserve account mentioned; no separate reserve fund policy (Article IV, Section 3: "operating reserv)

Pets

Dogs, cats, or other household pets allowed, provided not for commercial purpose. No dog kennels. Pets must be kept inside dwelling unit (not outside). (Article VII, Section 7: "dogs, cats, or )

Leasing & rentals

Yes, but lease must be in writing and subject to all terms of Declaration and By-Laws; owner remains bound. Breach by lessee constitutes default under lease. (Article III, Section 3: "If any owner sh)

Parking & vehicles

Allowed for operable automobiles as permitted by law (public streets). Not explicitly limited. (Article VII, Section 4: "operable automo)

Architectural approval

Yes, architectural review required for all buildings, structures, exterior additions, changes, alterations. Owner must submit plans, specifications, plat/survey. Approval by Covenantor initially; may transfer to Association. 15-day review p (Article VI, Section 2)

Home business

Not explicitly addressed; general prohibition of business likely prohibits home businesses. (Article VII, Section 1)

Signs & flags

One sign of not more than two square feet advertising sale/rent, or other dimension approved by Association; plus any signs by developer. (Article VII, Section 6) (Article VII, Section 6)

Setbacks / home size

Single level: at least 2,400 sq ft finished living area (excluding garage, basement). Multiple level: at least 2,800 sq ft. (Article VII, Section 2)

Maintenance

Owner: all maintenance, decorating, repairs, replacement on own lot (Article V, Section 1). Association: entrance monuments, landscaping of entrances and cul-de-sac islands, outlots, detention basins, etc. (Article V, Section 2; Article III (Article V, Sections 1 and 2; Article III)

Insurance

Board shall obtain insurance for Common Areas against fire and other hazards (full replacement cost); comprehensive public liability insurance; workers' compensation; and other liability insurance. Coverage in name of Association. Waiver of (Article III, Section 8)

Use restrictions

Yes. No trade, business, or commercial enterprise (except model homes at developer's discretion). (Article VII, Section 1: "No lots shall b)

Voting & meetings

Class A (lot owners): one vote per lot; Class B (declarant): three votes per lot until certain events (Article III, Section 4)

Amendments

Original Declaration: by instrument signed by owners having at least 66% of total vote, certified by Secretary, with notice to lien holders. (Article VIII, Section 1). Covenantor may amend without complying with that until election of initi (Article VIII, Section 1; Amendment Artic)

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