Coppergate

Key facts from Coppergate's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential community with private streets, common areas, lake/pond (Recitals (WHEREAS))

Legal name

Coppergate

Developer / declarant

106th Street Development, Inc., an Indiana corporation; successors and assigns designated in recorded instruments (Preamble, Article I(j))

Governing law

Indiana Not-For-Profit Corporation Act of 1972 (Article I(a) definition of "Act")

Assessments & dues

Based on proposed annual budget, adopted by majority vote of Owners at annual/special meeting. Regular Assessments equal per Lot. Temporary budget at 110% of last approved if no budget adopted. (Article IX, Sections 2, 3)

Special assessments

Board may make special assessments by resolution for unusual or extraordinary Common Expenses, including capital expenditures and repair of uninsured damage. No Owner approval required unless otherwise provided. (Article IX, Section 4)

Collections & liens

Regular and Special Assessments become a lien on the Lot as of the first day of the fiscal year. Lien may be foreclosed as a mortgage on real property. Board may accelerate entire balance. Owner and occupant jointly and severally liable for (Article IX, Section 5(a), (b))

Reserves & fees

Annual budget must include establishment and maintenance of a replacement reserve fund for capital expenditures and replacement/repair of Common Areas, held in separate interest-bearing accounts in authorized banks in Hamilton or Marion Cou (Article IX, Section 2)

Pets

Only usual household pets permitted, and must be kept reasonably confined so as not to become a nuisance. (Article VIII, Section 5.C)

Architectural approval

Committee shall approve or disapprove within 30 days after all required information submitted. Notification in writing; disapproval must state reasons. (Article VIII, Section 6.B)

Use restrictions

Every Lot shall be used exclusively for single family residential purposes. (Article VIII, Section 2.A)

Voting & meetings

Class A (Owner of a Lot): 1 vote per Lot. Class B (Declarant): 5 votes per Lot owned until Applicable Date. After Applicable Date, Class B converts to Class A. (Article IV, Section 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.