Fisher Creek Condominium

Key facts from Fisher Creek Condominium's documents

Community type

condominium (generic sense, not Indiana Horizontal Property Regime) (Article II, Section 8: 'THE WORD "CONDOM)

Legal name

Fisher Creek Condominium Association, Inc.

Units / lots

124 (Article III, Section 1: 'This subdivisio)

Developer / declarant

Heritage Development of Indiana, LLC

Assessments & dues

Maximum monthly assessment $40.00 per lot until January 1, 2007 (plus insurance assessment) (Article VI, Section 3(a): 'until January)

Special assessments

For capital improvements and operating deficits, with approval of majority of votes of members voting in person or by proxy at a meeting (Article VI, Section 4)

Reserves & fees

Special assessment may establish a Capital Fund for future repairs (Article VI, Section 4: 'establish a Capi)

Parking & vehicles

Driveway Limited Easements shall not be used for parking of trucks or other commercial vehicles, except temporarily or incidentally for pickups and deliveries. (Article X, Section 2: 'Such Driveway Lim)

Signs & flags

Prior to January 1, 2010, no advertising signs (other than interior window signs) without Declarant's approval. No signs identifying home occupation. Declarant/builder may erect signs during construction and sales period. (Article XIII, Sections 1 and 3)

Use restrictions

All lots shall be used exclusively for residential purposes. (Article III, Section 2: 'All lots shall )

Voting & meetings

Two classes: Class A (all owners with dwellings liable for expenses) and Class B (Declarant, 3 votes per lot owned). Class B ceases when Class A votes equal Class B or on January 1, 2009, whichever earlier. (Article V, Section 2)

Amendments

Within 10 years after recordation: amendment by instrument signed by at least majority of then Owners. Thereafter: by instrument signed by at least 75% of Owners. Declarant's rights reserved cannot be amended without Declarant's prior writt (Article XV, Section 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.