Rev Highlighted

Key facts from Rev Highlighted's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

United Lost Lake Property Owners Association

Governing law

Illinois Common Interest Community Association Act (Article III Section 6(F); Article VI Sec)

Special assessments

Levied by 2/3 Board vote; requires special or regular membership meeting to justify; equally assessed per Member regardless of properties; if unpaid, late fee monthly for max 3 months, then referred to attorney for collection (Article III Section 6 (Special Assessmen)

Collections & liens

Association may file certificate of non-payment in Ogle County Recorder's office; lien continues up to 5 years unless suit instituted; also personal judgment allowed; owner pays all collection costs and attorney's fees (Article III Section 6 (lien paragraph) a)

Reserves & fees

$50 late fee per delinquent member, plus all collection costs including administrative fees, attorney's fees, and court costs (Article III Section 6 (format paragraph))

Voting & meetings

One vote per Member (each owner becomes a Member) regardless of number of lots owned; if multiple owners of a lot, one designated voting Member; Associate Members and Temporary Members have no vote (Article III Section 2 and Section 3 and )

Amendments

By-Laws Committee presents proposed amendments to Board; amendments adopted by 2/3 vote of Board of Directors; notification published in next newsletter and on website (Article XIII)

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