Old Farm Lakes Property Owners Association

Key facts from Old Farm Lakes Property Owners Association's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master Association (Old Farm Lakes Property Owners Association) as defined in Illinois Condominium Property Act (Article I (a) and (b))

Developer / declarant

Vernon P. Prenzler and Kurt Prenzler (Preamble)

Governing law

Illinois Condominium Property Act (Article I (a))

Assessments & dues

Until 1/1/89 not to exceed $100.00/year/living unit. Current amount set by budget. (Article V Sec. 3 A.1.(a))

Special assessments

Allowed for capital improvements or extraordinary maintenance, repair, or replacement of Common Areas; also for subsidiary owners' associations. Must be established via budget or vote. (Article V Sec. 2.B and 2.D; Article V Se)

Collections & liens

Assessments constitute a continuing lien on property; may be enforced by action at law or foreclosure, including costs and attorney's fees (Article V Sec. 1 and Sec. 6)

Reserves & fees

Yes, annual assessments include reserves for maintenance, repair, and replacement of common properties (including subsidiary associations) (Article V Sec. 2.A, 2.C)

Pets

Only common household pets allowed; no commercial or barnyard animals; no exterior pens or cages (Article IX (S))

Parking & vehicles

Restricted: no trailers, trucks, recreational vehicles, boats, or other motor vehicles except passenger cars on streets overnight for more than one night (Article IX (Q))

Fences

Boundary fences not to exceed 4.5 ft in height; no fence or wall (except split rail) nearer street than minimum setback; boundary fence must be 6 inches inside property line (Article IX (M))

Architectural approval

Yes, Architectural Control Committee approval required for any building, fence, wall, pool, etc., and for exterior changes including painting or staining (Article VI Sec. 3; Article IX (A))

Home business

Not explicitly allowed; general commercial prohibition suggests restrictions (Article IX (U))

Setbacks / home size

Minimum building setback lines as shown on final subdivision plat and in accordance with Bloomington City Code (Article IX (I))

Use restrictions

Commercial use prohibited; no intoxicating liquor sales or other commercial use on any lot (Article IX (U): 'No intoxicating liquor )

Voting & meetings

One vote per lot held in fee simple. For co-ownership, vote exercised according to percent of ownership. Originally one vote per 100 sq ft of lot area (amended). (Amended Section 6 (revoking Section 3 an)

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