Country Meadows Estates

Key facts from Country Meadows Estates's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single-family residential subdivision (Article I, 1.12 (Residence Unit means si)

Legal name

Country Meadows Community Association, Inc. (Article I, 1.1)

Developer / declarant

Davis Homes, LLC

Governing law

Laws of the State of Indiana (Article XII, 12.6)

Assessments & dues

Maximum Regular Assessment initially $96.00 per Residence Unit per year until January 1 after first Lot conveyance. (Article VII, 7.2(i))

Special assessments

Allowed for capital improvements, special maintenance, deficits; requires approval of 2/3 of members of each class voting at a meeting. (Article VII, 7.3)

Collections & liens

Assessments (plus interest/costs) create a continuing lien on the Lot, prior to all liens except tax liens and first mortgages. Foreclosure allowed; Association can accelerate entire balance. Owner and occupant liable for reasonable rent du (Article VII, 7.6(i), 7.7)

Reserves & fees

Portion of Regular Assessment may be set aside as a reserve fund for capital improvements. (Article VII, 7.1)

Leasing & rentals

Yes, after initial sale to owner-occupant. (Article IV, 4.2)

Fences

Restricted per Plat Covenants incorporated by reference. (Article IV, 4.5)

Architectural approval

Yes, for all residences, buildings, structures, improvements, exterior color changes, and landscaping changes (including removal of living trees/bushes). (Article VI, 6.2(i))

Signs & flags

Developer may use signs of any size during Development Period (13.2). Otherwise, signs restricted per Plat Covenants (4.5). (Article XIII, 13.2; Article IV, 4.5)

Insurance

Fire and extended coverage insurance on Common Area improvements at full replacement cost; all-risk if reasonable. Also comprehensive public liability insurance with minimum $1,000,000 per occurrence. Also other required insurance (workers (Article VIII, 8.1, 8.2, 8.3)

Use restrictions

Yes. Residence Units defined for residential occupancy; commercial use of Common Areas prohibited (4.3); additional restrictions from Plat Covenants incorporated. (Article I, 1.12; Article IV, 4.3; Articl)

Voting & meetings

Class A (Owners): 1 vote per Lot; Class B (Developer): 3 votes per Lot owned. Single vote per Lot, cannot be split. (Article V, 5.2 and 5.4)

Amendments

By Association: requires 90% of all votes for first 20 years, then 75% after; Developer approval needed while Developer owns lots. Certain amendments require mortgagee approval (67% of mortgagees who have given notice). Technical amendments (Article XI, 11.1, 11.2, 11.3)

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