Lakewood Hills Homeowners

Key facts from Lakewood Hills Homeowners's documents

Community type

single-family home homeowners association (Article 1.7 (Unit definition), Article 2)

Legal name

Lakewood Hills Homeowners Association

Governing law

Illinois General Not For Profit Corporation Act (referenced for records inspection) (Section 10.1.5)

Assessments & dues

From date Unit becomes subject to Declaration until January 1, 2000, annual assessment not more than $180.00 per Unit. (Section 8.4 (first sentence))

Special assessments

Board may levy special assessment for excess taxes without member assent (Section 8.4). Also capital contributions require two-thirds vote of each class (Section 8.5). (Sections 8.4, 8.5)

Collections & liens

Unpaid contributions/assessments become a lien on the Unit; Association may record notice of lien and foreclose. Personal obligation remains with Owner at time of delinquency. Association may also bring forcible entry and detainer action. (Sections 8.1, 8.10)

Reserves & fees

Association shall establish and maintain an adequate reserve fund from annual assessments for maintenance, repair, replacement of Common Areas and Common Facilities. (Section 8.4 (last paragraph))

Leasing & rentals

Not explicitly; but resale provisions (Article 13) imply units can be sold, no lease prohibition.

Parking & vehicles

Commercial vehicles prohibited from parking or storing on Units except within garages with doors closed. (Section 5.2)

Fences

Only board-on-board fences, as depicted on Exhibit 'B', height not exceeding 4 feet for all Units, constructed of unpainted/unstained natural cedar. Maintained by Unit Owner at Owner's expense. (Section 5.9)

Architectural approval

Architectural Review Committee (Review Committee) approval required for modifications, additions, or alterations made on existing Units or structures containing Units and open space appurtenant. Repaint in original color scheme or rebuild a (Section 4.2)

Signs & flags

Not generally addressed; only temporary sales facilities mentioned (Section 15.5). Developer may use Common Areas for signage during sales period. (Section 9.2 (last sentence), Section 15.)

Setbacks / home size

The roofing and structures containing dwelling units shall not be increased above the height when initially constructed. (Section 5.13)

Maintenance

Owner: maintain easement areas within Unit, prevent unsightly conditions, maintain fences at own expense. Association: maintain Common Areas, Common Facilities, Wetland Area (herbicide and burning), retain manager, pay taxes, maintain insur (Articles 3, 7.7)

Insurance

Association shall maintain fire and extended coverage insurance on Common Facilities, comprehensive public liability covering Common Areas and Common Facilities, fidelity bond for persons handling funds, and such other insurance as Board de (Section 7.7.5)

Use restrictions

Property shall be used only for residential, recreational, and related purposes; includes offices for property manager and sales offices for Developer. (Section 5.1)

Voting & meetings

Two classes: Class A – all Owners except Developer, one vote per Unit (if multiple owners, one vote total); Class B – Developer, three votes per Unit until Turnover Date, then converted to Class A. (Sections 7.5.1, 7.5.2)

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