Colony Lakes Homeowners Association

Key facts from Colony Lakes Homeowners Association's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) (Declaration Preamble and Section 1.03)

Governing law

Illinois General Not-For-Profit Corporation Act (805 ILCS 105/101.01 et seq.) (Section 3.01)

Assessments & dues

Set annually by Board based on estimated budget; due February 1 (if not specified) (Section 6.03(a))

Special assessments

Allowed by Board for capital improvements or unforeseen expenses; effective 10 days after notice (Section 6.07)

Collections & liens

Unpaid assessments create a lien on the Dwelling and Lot; Board may foreclose (Sections 6.01 and 6.10(b))

Reserves & fees

Contingency and Replacement Reserve to be built and maintained by Board (Section 6.04)

Pets

Dogs, cats, or other common domestic household pets (as defined by Municipality) may be kept, subject to rules (Section 7.07)

Leasing & rentals

Renting/leasing prohibited except: (1) to immediate family members (children, grandchildren, siblings, parents) without restriction; (2) by hardship exception with Board approval (majority vote, conditions uniformly applied) (Section 7.09(a) and (b))

Fences

Fencing material must be wood or chain link (other materials subject to Board approval); finished side facing out; consistent material throughout; height: max 4 feet adjacent to lakes, max 6 feet otherwise; fences must adjoin neighboring fe (Property Standards Manual 2.2)

Architectural approval

Prior written approval of Board (or PSC) required for all exterior additions, alterations, or improvements (including buildings, fences, decks, painting, etc.) (Declaration Section 8.02 and Property St)

Signs & flags

Signs of any kind must be erected in accordance with Municipality ordinances; no signs allowed in landscape easements (including 'For Sale' signs) (Section 7.02 and Section 5.01(d))

Setbacks / home size

Single-family detached: 1,150 sq ft finished living quarters; duplex: 1,200 sq ft (porches must be fully enclosed to count; basements and garages excluded) (Section 7.01)

Maintenance

Owner maintains roof; missing shingles replaced promptly; entire roof replacement requires application to Management Company (Property Standards Manual 1.8.4)

Insurance

Association maintains comprehensive general liability (min $1,000,000 per occurrence), hazard insurance (100% replacement cost), fidelity bond, D&O liability (Sections 9.01, 9.02, 9.03, 9.04)

Use restrictions

Each Dwelling shall be occupied and used as a private dwelling (Section 7.09(a))

Voting & meetings

One (1) vote per Dwelling, vested in Voting Member designated by Owner (Section 3.04)

Amendments

Declaration: approved by majority of Voting Members with at least 30% of total Members voting; By-Laws: by majority of Board; Property Standards Guidelines: annual evaluation by PSC, owner requests, recommendation to Board, final adoption b (Preamble (Declaration amendment) and Sec)

Amenities

Common Area includes entrance monuments, medians, storm water ponds, landscaping; no pool, clubhouse, gym, trails, gates mentioned (Sections 1.05 and 5.01(b))

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