Meridian Community

Key facts from Meridian Community's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (not condominium) (Article II definition of 'Association' a)

Developer / declarant

Meridian East Development Company, LLC, an Indiana limited liability company (Opening paragraph)

Governing law

Indiana law (implied); Internal Revenue Code referenced for non-profit status (Section 3.02)

Assessments & dues

Regular Assessments determined by Board based on Community Association budget; special assessments also allowed (Section 9.01)

Special assessments

Permitted; e.g., for insurance deficiency (Section 7.05) or any time as provided (Sections 9.01, 7.05(b))

Collections & liens

All assessments, fines, fees, charges, late charges, interest, costs (including attorneys' fees) constitute a lien on the Dwelling or Lot in favor of the Community Association; subordinated to Eligible Mortgagee liens. Lien may be recorded. (Section 9.06)

Reserves & fees

Allocations to reserves permitted; must be reasonable per accepted practices in Hancock County and contiguous counties (Section 9.04)

Pets

Yes, 'usual household pets' allowed, must be confined so as not to become a nuisance (Section 11.01(q))

Leasing & rentals

Yes, but all leases must be approved by the Community Association (Section 10.02)

Parking & vehicles

Not permitted except for temporary periods (Section 11.01(n))

Architectural approval

Yes, for any building, fence, wall, other structure or improvement, exterior addition or change (including color scheme) on Dwelling, Lot, Community Facilities, or Limited Common Area (Section 11.03(a))

Home business

Home occupations permitted if incidental to residential use, no employees/customers at dwelling, and approved by municipal authorities (Section 11.01(a))

Maintenance

Owner (via individual insurance and maintenance obligation) (Sections 7.03, 11.01(c))

Insurance

Comprehensive public liability ($1,000,000 minimum per occurrence) and property insurance on Community Facilities and Association property (Sections 7.01, 7.02)

Use restrictions

Yes, Dwellings and Lots for residential purposes only; home occupations allowed if incidental, no employees/customers at dwelling, and with municipal approval (Section 11.01(a))

Voting & meetings

Class A Members (Owners) one vote per Dwelling or Lot; Class B Member (Declarant) three votes per Dwelling or Lot and three votes per acre for untransferred property. Class B membership ceases when 75% of Entire Development transferred. (Section 6.02(c))

Amendments

Before any conveyances: Declarant may amend unilaterally. After first transfer: amendment requires affirmative vote of at least 75% of total votes present at a meeting; certain provisions require two-thirds of Eligible Mortgagees or other s (Section 13.01)

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