Crest Ridge Estates Homeowners Association

Key facts from Crest Ridge Estates Homeowners Association's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I, Section 1.01 of By-Laws)

Assessments & dues

Prior to Applicable Date, quarterly Regular Assessment guaranteed not to exceed $6.25 (Guaranteed Charge) for first year, then up to 20% increase annually. After Applicable Date, set by annual budget. (C&R Section 11 (within By-Laws Article V)

Special assessments

Assent of 2/3 of votes of each class of members at a meeting duly called. May be made for capital expenditures or casualty repairs. (By-Laws Article V, Section 5.04)

Collections & liens

Regular and Special Assessments become a lien on each Lot. May be foreclosed as a mortgage. Lien subordinate to first mortgage. (By-Laws Article V, Section 5.03 (last pa)

Reserves & fees

Annual budget may include replacement reserve fund for capital expenditures in HOA Easements and Detention Area. Held in separate interest-bearing account. (By-Laws Article V, Section 5.02)

Pets

Yes, dogs, cats, or other household pets, but not kept for commercial purposes. (C&R Section 14)

Parking & vehicles

Trucks prohibited unless kept in garage; personal automobiles, vans, and pick-up trucks excepted. (C&R Section 8)

Architectural approval

Yes, all buildings, fences, walls, structures, alterations require approval of Architectural and Environmental Control Committee (Committee) as to conformity, harmony, topography, etc. (C&R Section 11)

Home business

Home occupations permitted as allowed by current zoning ordinance of Town of Trafalgar, Indiana. (C&R Section 9: "other than the home occu)

Signs & flags

One sign not more than 6 square feet for sale/rent; Developer and Builders may use larger signs during sale/development. (C&R Section 13)

Setbacks / home size

Building set-back lines depicted on plat; no building closer to side lot line than 6 feet (aggregate 12 feet). For contiguous lots as a single site, restriction applies to combined lots. No encroachment into any easement. (C&R Section 4)

Maintenance

Owner responsible for lot and improvements maintenance. Association responsible for HOA Easements and Detention Area (common areas). (By-Laws Article V, Section 5.07; Declara)

Insurance

Board to procure insurance as required by Declaration and as deemed necessary or advisable. Specifically, fidelity bonds required. (By-Laws Article III, Section 3.06(g); Se)

Use restrictions

All lots used solely for residential purposes, except model homes during sale/development. No business buildings, but home occupations permitted per current Trafalgar zoning ordinance. (C&R Section 9)

Voting & meetings

Class A Members (all Owners except Declarant): 1 vote per Lot. Class B Members (Declarant): 3 votes per Lot until Applicable Date. Multiple owners of a Lot have only 1 vote collectively. Proxies allowed. (By-Laws Article II, Section 2.02; Sectio)

Amendments

During first 20 years, in last 15 years, 70% of lot owners may amend. After 20 years, majority may amend; then auto-extend every 10 years unless majority votes to terminate before extension. Amendments recorded in Johnson County. Prior to A (C&R Section 18; By-Laws Article VII)

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