Rodao Point HOA

Key facts from Rodao Point HOA's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned_unit_development (Article One, Section 1.25: 'Premises: Th)

Legal name

Rodao Point P.U.D.

Developer / declarant

Rodao Point Development, LLC, an Illinois Limited Liability Company (Article One, Section 1.11: 'Declarant: R)

Governing law

Illinois General Not-For-Profit Corporation Act (Recitals: 'the Developer shall incorpora)

Assessments & dues

Not fixed; set annually by Board based on budget. During Initial Development Period, maximum $30.00 per month per Lot multiplied by Index Ratio. (Article Six, Section 6.02: 'Each year on)

Special assessments

Yes. Requires affirmative vote of at least 51% of Voting Members. Specific purpose must be stated. (Article Six, Section 6.06: 'No special a)

Collections & liens

Every charge, including fines, is a continuing lien on the Lot and a personal obligation of the Owner. Association may foreclose. Lien subordinate to first mortgage; foreclosure of first mortgage extinguishes prior charges. Attorney's fees (Article Seven, Sections 7.01, 7.03, 7.04)

Reserves & fees

Reasonable late fee may be added to any installment unpaid within 30 days of due date. (Article Seven, Section 7.03: 'the Board )

Pets

Yes, but no animals raised, bred, or kept in Community Area. Pets allowed in Homes or Home Exteriors subject to Board rules. (Article Three, Section 3.11: 'No animal )

Leasing & rentals

Yes, Owner may lease all (not less than all) of his Home. (Article Three, Section 3.17: 'Any Owner )

Architectural approval

Yes, Design Review Committee approval required for any exterior/structural improvements, additions, and changes, and for alterations to Community Area. (Article One, Section 1.13: 'Design Revie)

Use restrictions

Yes, each Home shall be used only as a residence, with exceptions for personal professional library, records, or handling personal business calls/correspondence. (Article Three, Section 3.08(c): 'Each Ho)

Voting & meetings

One vote per Lot exercised by Voting Member. Prior to Turnover Date, all voting rights vested in Developer; after, Voting Members vote. Majority of Voting Members present at quorum decides, except where otherwise specified. (Article Five, Section 5.03: 'Voting righ)

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