Timbercrest Additions

Key facts from Timbercrest Additions's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners association (Timbercrest Homes Association, an Iowa Not for Profit Association) (Preamble)

Legal name

TIMBERCREST HOMES ASSOCIATION

Developer / declarant

TIMBERCREST HOMES ASSOCIATION

Governing law

Iowa law (not specified) (Location: Council Bluffs, Iowa, Pottawat)

Assessments & dues

Set by Board of Directors, not to exceed maximum; maximum can be increased up to 10% per year without vote, or more with 2/3 vote (Article VIII Sections 3 and 7 (page 7 fi)

Special assessments

Allowed for capital improvements on Common Area; requires 2/3 vote of members voting in person or by proxy (Article VIII Section 4 (page 7 first doc)

Collections & liens

Assessments are a continuing lien on the lot; can be enforced by foreclosure action; personal obligation also exists; lien subordinate to first mortgage; mortgagee can cure delinquency; sale or transfer does not extinguish lien except forec (Article VIII Sections 1, 8, 9 (pages 7-8)

Reserves & fees

Interest at 9% per annum from due date if not paid within 30 days after due (Article VIII Section 8 (page 8 first doc)

Pets

Dogs, cats, other household pets maintained within dwelling may be kept, provided not for commercial purpose; horses, ponies, or animals sheltered outside main dwelling prohibited (Article I B (page 1 first doc; page 1 se)

Parking & vehicles

Not specifically addressed

Fences

Only wood fencing or other type approved by Architectural Committee (Article I Q (page 2 first doc; page 3 se)

Architectural approval

Committee must respond within 14 days of submission; failure to respond within 14 days releases the plot from architectural control for that plan; disapproval must include reasons (Article II B (page 3 first doc; page 3 s)

Home business

Only business activities allowed by city zoning ordinance may be conducted; no sign to advertise; provided, business activities of Association during construction/sale period excepted (Article I C (page 1-2 first doc; page 1 )

Signs & flags

One 'For Rent' or 'For Sale' sign up to 5 sq ft per lot; no billboards; Garage Sale signs only on days of sale; Political signs allowed within 2 weeks of election, removed day after; no signs for business activities (Article I C (page 1 second doc, page 1 f)

Setbacks / home size

Detailed minimum square foot requirements for detached and attached dwellings based on story type; see Article II C (pages 3-4 first doc, pages 3-4 second doc); e.g., detached one-story: 1,000 sq ft ground floor (1,050 if basement garage); (Article II C (page 3-4 first doc; page 3)

Use restrictions

Property restricted to residential dwellings for residential use and related structures and uses (Article I A (page 1 first doc; page 1 se)

Voting & meetings

One vote per lot; multiple owners of a lot determine vote among themselves but only one vote per lot (Article VII (page 6 second doc; page 6 f)

Amendments

For first 5 years, Association may amend as it sees fit; thereafter amendment by instrument signed by owners of not less than 75% of lots; must be recorded (Article IX B (page 9 second doc; page 8 )

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