Eagle Crossing

Key facts from Eagle Crossing's documents

Community type

Covenant / Planned Community

Governing law

Indiana Nonprofit Corporation Act of 1991 (Section 1.2)

Assessments & dues

Board establishes annual budget before fiscal year, mails to Owners; budget serves as basis for annual assessments (Section 5.4)

Special assessments

Board may levy special assessments if annual assessments insufficient or for unanticipated Common Expenses (Section 5.5)

Collections & liens

Assessment is a lien on Lot from due date, subordinate to prior mortgages. Association may foreclose lien in court action. (Sections 5.2, 5.8)

Reserves & fees

Budget includes a reasonable allowance for contingencies and reserves (Section 5.4); fidelity bond coverage not less than one year's assessments plus reserve funds (Section 4.3) (Sections 5.4, 4.3)

Pets

Yes, but no farm animals, fowls, or domestic animals for commercial purposes (Section 7.5)

Parking & vehicles

Commercial vehicles, tractors, buses, mobile homes, RVs, trailers, campers, boats, boat trailers must be parked only in enclosed garages or designated areas (Section 7.4(b))

Architectural approval

Committee shall endeavor to approve or disapprove plans within 30 days after submission of completed plans (Section 6.2)

Home business

The use of a portion of a Dwelling Unit as an office by an Owner, or his tenant shall not be considered to be a violation if Owner is in compliance with Section 7.26 (Section 7.1)

Maintenance

Association: maintain Common Areas (including landscaping along primary roads, medians, entry features). Owner: maintain Lot and Dwelling Unit interiors and exteriors, lawns, landscaping, grounds. (Section 4.2(a) and (b))

Insurance

Association shall maintain public liability insurance, and if appropriate, fire and extended coverage on Common Areas (Section 4.3)

Use restrictions

Each Lot shall be used for residential purposes only, and no trade or business of any kind may be carried therein (Section 7.1)

Voting & meetings

Each Lot entitled to one vote; multiple owners of one Lot treated as one member; Developer appoints Board during Development Period (Section 4.1)

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