Country Meadows (IN)

Key facts from Country Meadows (IN)'s documents

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

Community type

residential subdivision with homeowners' association (HOA) (Article I, Section 1.1 (Association defi)

Developer / declarant

Davis Homes, LLC

Assessments & dues

Initially maximum $96 per year per Residence Unit until January 1 following first Lot conveyance to an Owner. (Article VII, Section 7.2(i))

Special assessments

May be levied for capital improvements, special maintenance/repairs, or to recover deficits, but requires assent of two-thirds (2/3) of members of each class present and voting at a duly called meeting. (Article VII, Section 7.3)

Collections & liens

All assessments, plus interest, costs, and attorneys' fees, are a continuing lien on the Residence Unit/Lot, prior to all other liens except tax liens and first mortgage liens. Association may foreclose lien as a mortgage on real property. (Article VII, Sections 7.6, 7.7)

Reserves & fees

A portion of the Regular Assessment may be set aside or allocated in a reserve fund for repair and replacement of capital improvements the Association is required to maintain. (Article VII, Section 7.1 (last sentence))

Leasing & rentals

Yes, but only if the Owner-occupant leases pursuant to a written lease with a minimum term of one year, and the lease must expressly provide that lessee is subject to all Association rules and regulations. (Article IV, Section 4.2)

Fences

Regulated under Plat Covenants (incorporated). No fence may be erected without ARC approval. (Article VI, Section 6.2(i) (fence requir)

Architectural approval

Yes, prior written approval of Architectural Review Committee required for any residence, building, structure, antenna, walkway, fence, deck, wall, sports court, patio, other improvement, or change in exterior color. (Article VI, Section 6.2(i))

Home business

Not explicitly addressed in this Declaration; Plat Covenants (incorporated by reference) include prohibition against commercial use. (Article IV, Section 4.5)

Signs & flags

Generally prohibited per Plat Covenants (incorporated). Developer has the right to use signs of any size during Development Period and is not subject to Plat sign restrictions. (Article IV, Section 4.5; Article XIII, S)

Maintenance

Owner: maintenance of Lot and exterior of structures (9.1). Association: maintenance of Common Areas (including improvements, landscaping, private street signs, drainage system in Common Areas, lakes, and payment of taxes on Common Areas) ( (Article V, Section 5.7; Article IX, Sect)

Insurance

Fire and extended coverage insurance on Association-owned improvements at full insurable replacement cost. Optional 'all risk' coverage. Also comprehensive public liability insurance with minimum $1,000,000 per occurrence covering Common Ar (Article VIII, Sections 8.1, 8.2, 8.3)

Use restrictions

Implied; Lots are for single family homes (Residence Units). Commercial use of Common Areas prohibited; Plat Covenants incorporate prohibition against commercial use of Lots. (Article IV, Sections 4.3, 4.5; Article I)

Voting & meetings

Class A members (all owners except Developer during Development Period) each have one vote per Lot. Class B member (Developer) has three votes per Lot owned. Multiple owners of a single Lot share one vote; no splitting. Class B converts to (Article V, Sections 5.2, 5.3, 5.4)

Amendments

Requires 90% of all votes entitled to be cast if considered within 20 years from date hereof; 75% after 20 years. Developer's written approval required as long as Developer owns any Lot. Certain actions (annexation, dedication of Common Are (Article XI, Sections 11.1, 11.2)

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