Concord Estates HOA

Key facts from Concord Estates HOA's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (single-family residential) (1.14 HOME: single family home; 1.15 LOT:)

Developer / declarant

Concord Mills Estates L.L.C., an Illinois limited liability company (1.09 DECLARANT)

Governing law

Illinois General Not-For-Profit Corporation Act (Recitals: 'Declarant has formed (or will)

Assessments & dues

Not fixed; determined annually by Board based on budget; each Owner pays equal share per Lot (6.02 COMMUNITY ASSESSMENT)

Special assessments

Allowed after Turnover Date for specific purposes; requires affirmative vote of Voting Members representing at least two-thirds of votes cast (6.05 SPECIAL ASSESSMENT)

Collections & liens

Unpaid Charges constitute a lien on the Lot and a personal obligation of the Owner; Association may enforce and foreclose lien; lien subordinate to prior recorded mortgages; transfer of title by foreclosure extinguishes lien for charges due (7.01, 7.03, 7.04)

Reserves & fees

Capital Reserve segregated for capital expenditures; Board determines appropriate level based on periodic review; budget discloses percentage added to Capital Reserve (6.06 CAPITAL RESERVE)

Pets

Dogs, cats or other common household pets allowed; not kept, bred, or maintained for commercial purposes (8.05)

Leasing & rentals

Implicitly allowed via delegation of use to residents (tenants); no express prohibition; Owner shall delegate right to use community area to tenants who are Residents (3.04, 8.01 (no mention of leasing restri)

Parking & vehicles

Passenger motor vehicles in non-operative condition shall not be parked, except in garages (8.09)

Fences

Owner may install fence only on portion between rear lot line and back of Home; must be Western Red Cedar board on board (shadow box) fence; height comply with municipal codes; specific dimensions (1x6 boards, 4x4 posts, etc.); fence on Lot (8.13)

Architectural approval

Prior to Declarant no longer holding/controlling title, any exterior additions, alterations, or improvements require Declarant's prior written consent; after that, presumably Board (not explicitly stated) (9.06)

Home business

Professional and quasi-professional persons may use residence as ancillary or secondary facility; also in-home business not prohibited by applicable laws allowed (8.01)

Maintenance

Association: landscape of Community Area, south 25 feet of Lots 20-23, improvements to Community Area, Forest Avenue License Area (during license term); Owner: all other maintenance of Lot and Home, including fences on Lot, monument sign ar (3.05, 8.15)

Insurance

Association shall obtain fire and all risk coverage on improvements to Community Area (full replacement cost); comprehensive public liability insurance; fidelity bonds optional (4.01(a)-(c))

Use restrictions

Each Lot shall be used only for residential purposes as a private residence (8.01)

Voting & meetings

Prior to Turnover Date: all voting rights vested in Declarant; after Turnover Date: each Voting Member has one vote per Lot (5.05 VOTING RIGHTS)

Amendments

Declarant may record Special Amendments for compliance, corrections, etc. (10.01); general amendment requires affirmative vote of 75% of Voting Members or instrument executed by Owners of 75% of Lots; certain amendments require consent of a (10.01, 10.02)

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