Ashbury Park

Key facts from Ashbury Park's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) – Ashbury Park Homeowners Association, Inc. (Page 1: 'declare that all of the Lots ..)

Units / lots

84 (originally), subject to expansion via Supplemental Declarations (Paragraph 12: 'Lots numbered one (1) thr)

Developer / declarant

Ashbury Park, L.P., an Indiana Limited Partnership (Page 1, 'THIS DECLARATION, made as of th)

Assessments & dues

Original General Assessment: $125 per month per Lot (until 12/31/2000). Lot Maintenance Assessment for lots 1-84: '$ /o24~_ per month' (likely $1,024? but text unclear). (Paragraph 9(b)(iii): 'until December 31,)

Special assessments

Allowed for capital improvements to Community Area, with assent of Class B member and majority of Class A members (or 2/3 of mortgagees). (Paragraph 9(c): 'the Corporation may lev)

Collections & liens

Assessments are a continuing lien on the Lot; Corporation may institute legal action to collect; sale/transfer does not extinguish lien; foreclosure of first mortgage extinguishes liens for amounts due more than 6 months prior to sale. (Paragraph 9(a): 'shall be a continuing l)

Reserves & fees

Reserve for Replacements established and maintained by Board for periodic maintenance, repairs, renewal, replacement of Community Area. (Paragraph 8(e): 'Board of Directors may )

Pets

Yes, dogs, cats or other household pets, not bred or maintained for commercial purposes. (Paragraph 7(f): 'dogs, cats or other Hou)

Parking & vehicles

Prohibited overnight on Lot. (Paragraph 7(a): 'commercial vehicle of a)

Architectural approval

Yes, for all improvements, alterations, changes of color, excavations, plantings, fences, etc. Lot Development Plan must be submitted and approved. (Paragraph 10(c): 'no improvements, alter)

Home business

Permitted only if not a 'Special Use' under zoning and incidental to a business conducted away from the Lot; no sign allowed. (Paragraph 5(a): 'No home occupation shal)

Signs & flags

Flagpoles prohibited (part of 'no flagpoles' in Paragraph 7(k)). (Paragraph 7(k): 'no flagpoles, statutes,)

Use restrictions

Yes. Lots may be used only for residential purposes, one residence per lot. (Paragraph 5(a): 'Lots may be used only f)

Voting & meetings

Class A (each Owner) – voting as per By-Laws; Class B (Declarant) – 10 votes per Lot owned until termination (all lots sold or Jan 1, 2010). Amendment notes Class B member resigned. (Paragraph 8(d): 'Class B member shall ha)

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