Eagle Cove All

Key facts from Eagle Cove All's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision with homeowners association (Article I, Section 2.2 (Association), Se)

Units / lots

140 (Article IV, Section 4.2 (Declarant assum)

Developer / declarant

Eagle Cove Associates, an Indiana Partnership (Opening paragraph)

Assessments & dues

Maximum $44.00 per Lot per month initially (Article V, Section 5.4(a))

Special assessments

For capital improvements or operating deficits; requires 2/3 vote of each class (Article V, Section 5.5)

Collections & liens

Unpaid assessments constitute a lien on the Lot; Association may foreclose; personal obligation of owner at time due. Lien subordinate to first mortgage. (Article V, Sections 5.1, 5.9, 5.10)

Reserves & fees

A portion of Regular Monthly Assessments set aside for repair and replacement of Common Area (Article V, Section 5.3)

Pets

Dogs, cats, or other household pets permitted, not for commercial purposes (Article VI, Section 6.6)

Leasing & rentals

Yes, with written lease, minimum term of one year unless Board approves shorter (Article VI, Section 6.3(a)(i))

Architectural approval

Yes, for any building, fence, wall, structure, exterior addition or alteration (except original construction by Declarant) (Article VI, Section 6.2)

Home business

Only incidental to a business conducted primarily elsewhere (Article VI, Section 6.5)

Signs & flags

During Development Period, no 'for sale' or other signs without Declarant's approval; thereafter subject to Association rules (Article VI, Section 6.4)

Setbacks / home size

Front and rear setback lines established on Plat; side setbacks at least 10 feet between unattached dwelling units (Article VI, Sections 6.9, 6.10)

Insurance

Association shall insure Common Area improvements for full replacement cost and may get other hazard and liability insurance (Article IX, Sections 9.1, 9.2)

Use restrictions

All Lots shall be used exclusively for residential purposes (Article VI, Section 6.1)

Voting & meetings

Two classes: Class A (all owners except Declarant) one vote per Lot; Class B (Declarant) three votes per Lot, assuming 140 Lots reduced as lots sold. Class B ceases when Class A votes equal Class B or June 1, 1991. (Article IV, Section 4.2)

Amendments

First 20 years: 90% of Owners; after: 75%. Declarant may amend within 2 years of recording if still owns property. Certain changes require 2/3 of first mortgagees and 2/3 of owners (excluding Declarant). (Article XII, Section 12.3)

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