Keystone Subdivision HOA

Key facts from Keystone Subdivision HOA's documents

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

Community type

Homeowners Association (Keystone Subdivision Homeowners' Association, Inc.) (Paragraph 27)

Legal name

Keystone Subdivision Homeowners' Association, Inc. (non-profit corporation) (Paragraph 27 (both))

Units / lots

Not explicitly stated; exhibits show multiple lots in Sections I and II, and potential for future sections. (Document text)

Governing law

Indiana Non-Profit Corporation Act (I.C. 23-17-1-1 et seq.) (Paragraph 27 (both sections))

Assessments & dues

Initial $10 per month per lot ($120 per year), commencing January 1, 1997. (Paragraph 27 (both sections))

Special assessments

Not allowed until common areas and recreational facilities are conveyed to the Association (i.e., after 80% sale threshold). (Section I Par27; Section II Par27 ('the )

Collections & liens

Unpaid assessments become a lien enforceable by foreclosure in same manner as mechanic's liens in Indiana; lien is secondary to any bona fide mortgagee. (Section I Par27; Section II Par27)

Pets

Dogs, cats, or other household pets may be kept, but not for commercial purposes, and must not become a nuisance or annoyance. (Section I Par19; Section II Par19)

Fences

Privacy fence design and material must be approved by Subdivision Review Committee. No fence within 25-foot front setback. No fence across lake maintenance easements. No chain link or wire fences unless enclosed by approved fence. Finished (Section I Par4(f) and Par10; Section II )

Signs & flags

Only 'FOR SALE' signs (on lot being sold) and model home/display signs for original construction permitted. (Section I Par18; Section II Par18)

Setbacks / home size

One-story: minimum 1750 sq ft finished living area. Story-and-one-half and two-story: minimum 2000 sq ft finished living area, with at least 1000 sq ft on first floor and 1000 sq ft on second floor. (Section I Par4(a); Section II Par4(a))

Use restrictions

All lots shall be used only for single family residential purposes; other use violates Vanderburgh County Zoning Code. (Section I Par1; Section II Par1)

Voting & meetings

Each lot owner (including Developer) has one vote per lot owned in Keystone Subdivision. (Section II Par27)

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