Stonebridge at Conway Farms Homeowners

Key facts from Stonebridge at Conway Farms Homeowners's documents

Community type

Homeowners Association (PAGE 1: creation of an owners' Associati)

Legal name

Stonebridge at Conway Farms Homeowners

Developer / declarant

Stonebridge at Conway Farms, L.L.C.

Governing law

Illinois General Not-For-Profit Corporation Act of 1986 (PAGE 11: Illinois General Not-For-Profit)

Special assessments

Board may levy special assessment to pay or build reserves for expenses other than Maintenance Expenses, or to cover unanticipated deficit. Must be approved by affirmative vote of at least a majority of Voting Members. Served by notice spec (PAGE 26: 7.06 Special Assessment. The Bo)

Collections & liens

Unpaid assessments become a lien on the Home in the same manner as provided for Maintenance Assessments. (Implied: Association may enforce through lien and foreclosure; see Section 5.02(b) for insurance failure, Section 5.14 for unauthorize (PAGE 14: 5.02(b) the costs thereof shall)

Reserves & fees

Association shall segregate and maintain a Capital Reserve account used solely for making capital expenditures. Board determines appropriate level based on periodic review of useful life of improvements. (PAGE 26: 7.07 Capital Reserve. The Assoc)

Pets

Dogs, cats, and other domesticated ordinary household pets (not for commercial purposes) as approved by the Board, subject to rules and regulations. (PAGE 17: 5.06(g) except for dogs and cat)

Leasing & rentals

Any Owner shall have the right to lease all (and not less than all) of his Lot subject to provisions. (PAGE 18: 5.09 Lease of Lot. Any Owner sh)

Parking & vehicles

Trucks, vans, recreational vehicles, boats, limousines, trailers or any other types of vehicles as determined by the Board shall not be parked except within the garage. (Implicitly, such vehicles cannot be parked on the Lot or street.) (PAGE 16: 5.06(c) No trucks, vans, recrea)

Architectural approval

Committee shall notify applicant of approval or disapproval within thirty (30) days after submission. Failure to give notice of disapproval during such 30-day period shall be deemed approval. (PAGE 20: 5.14 The Committee shall notify)

Home business

Personal professional library, personal business records, personal business or professional calls or correspondence are permitted. (PAGE 16: 5.06(b) no Owner shall be precl)

Maintenance

Except as otherwise provided, each Owner responsible for maintenance, repair and replacement of all aspects of his Home and his Lot. Association responsible for roofs and painting of cedar exterior walls due to ordinary wear and tear; lands (PAGE 12-14: 5.01(a) each Owner shall be )

Insurance

The Board may, in its discretion, obtain any insurance including liability for Board members and officers, and fidelity bonds. (PAGE 20: 5.13 Insurance. The Board may, )

Use restrictions

Each Home shall be used only as a residence, and no commercial or business activities of any kind whatever shall be conducted in any home or on any Lot. (PAGE 16: 5.06(b) Each Home shall be used)

Voting & meetings

One vote per Lot, exercised by a Voting Member (Owner or designated proxy). Developer holds voting rights for Lots it owns until Turnover Date. (PAGE 8: 4.03 Voting Rights. There shall )

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