Chestnut Hill HOA

Key facts from Chestnut Hill HOA's documents

Community type

Homeowners' Association (HOA) for townhouse (single-family dwelling on designated lot) development (Section 1.16 (Unit definition: single fa)

Legal name

Chestnut Hill Homeowners’ Association (Section 1.02)

Units / lots

Not explicitly stated; 75% of Units referenced as threshold for declarant control termination (Section 3.04)

Developer / declarant

First National Bank of Illinois, not individually but as Trustee under Trust Agreement dated September 29, 1988, Trust No. 3047 (Preamble and Section 1.05)

Governing law

Illinois General Not-For-Profit Corporation Act (Section 3.09)

Assessments & dues

Not fixed; determined annually by Board budget. Each Owner pays 1/12 of annual assessment monthly. (Section 6.03(a))

Special assessments

Yes, for capital improvements. If exceeds $1,000 in one year, must be approved by majority of Board and then by majority of members (or by two-thirds of Units in writing). (Section 6.04)

Collections & liens

Yes, assessment is a continuing lien on the Unit, may be foreclosed by action in name of Association. Subordinate to first mortgages. (Sections 6.01, 6.11, 6.13)

Reserves & fees

Capital reserves to be segregated in a special capital reserve account for major repairs and replacements. (Section 6.05)

Pets

Yes, dogs, cats, or other customary household pets may be kept in a Unit subject to Board rules. (Section 8.06)

Leasing & rentals

Yes, any Owner may lease any Unit; lease must be in writing, subject to Declaration, By-laws, rules. Lessee must comply. (Article 11)

Parking & vehicles

Not explicitly mentioned, but general prohibition on obstruction and nuisance applies. (Section 8.03, 8.07)

Architectural approval

Yes, Architectural Control Committee (or Board) approval required for any building, fence, wall, deck, porch, antenna, awning, or other structure, and exterior additions or alterations. (Section 10.01)

Maintenance

Association maintains roofs (part of exterior surfaces) per Section 5.01(b). (Section 5.01(b))

Insurance

Association shall obtain fire and extended coverage insurance on Common Area for 100% replacement cost, comprehensive public liability insurance (min $1M per occurrence), workers compensation, employer's liability, fidelity bond (1.5 times (Section 5.01(a)5)

Use restrictions

Yes, no part of Property used for other than housing, parking, and related common purposes. Each dwelling used as residence for single family. (Section 8.01)

Voting & meetings

One vote per Unit, but no more than one vote per Unit. If multiple owners, they designate one voter. Developer designates vote for units owned by Declarant. (Section 3.02)

Amendments

Article 7 (Rights of First Mortgagees) may be amended only with written consent of 75% of first mortgagees based on one vote per encumbered Unit. Amendment provisions for other articles not fully scanned; Supplementary Declaration may conta (Sections 7.05, 2.03)

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