Woodglen Green Trls

Key facts from Woodglen Green Trls's documents

Reflects the 1976 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

improvement_association (Article I, Section 1: 'Green Trails Impr)

Legal name

Green Trails Improvement Association

Units / lots

Up to 3700 units referenced as threshold for Class B conversion (Article IV(b)(i): 'thirty-seven hundred )

Developer / declarant

OAK BROOK BANK, not individually, but as Trustee under Trust Agreement dated June 21, 1974 and known as Trust No. 8-1052 (Preamble, signature block)

Management

Board shall initially retain professional management company; Association may later assume management by majority vote; management contracts must be terminable on 60 days notice and not exceed one year (Article IX, Section 5)

Governing law

Illinois Not-For-Profit Corporation Act (implied) (Article I, Section 1: 'an Illinois not-f)

Assessments & dues

Maximum $100.00 initially until January 1 of year following recording (Article VI, Section 4: 'Until January 1.)

Special assessments

Allowed for taxes or capital improvements; over $7,500 requires 2/3 vote of each class; notice 30-60 days (Article VI, Section 5)

Reserves & fees

Interest at 7% per annum after 30 days delinquent (Article VI, Section 9: 'If not paid with)

Pets

Yes, dogs, cats, and other common household pets allowed (non-commercial), subject to Board rules (Article VII, Section 2)

Leasing & rentals

Yes, if lease in writing and subject to Declaration; owner remains bound (Article XI, Section 1)

Architectural approval

Not for individual Units; but Board approval needed for any building/alteration on Common Areas (Article VII, Section 4: 'No building or )

Use restrictions

Prohibited: 'No illegal or unusual activity' and 'no activity...which shall create a nuisance' (Article VII, Section 13)

Voting & meetings

Two classes: Class A (owners) one vote per Unit; Class B (Declarant) two times total Class A votes plus one (Article IV(a) and (b))

Amendments

By instrument in writing executed by Owners representing not less than 75% of outstanding membership votes; notice to first mortgagees by certified mail; certain articles require consent of all institutional first mortgagees (Article XIII, Sections 1 and 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.