Keystone Lakes

Key facts from Keystone Lakes's documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Keystone Lakes Subdivision Homeowners Association

Developer / declarant

Melody Communities, Inc. (Preamble)

Assessments & dues

Not set in document; sums approved by vote of not less than 75% of owner occupants. Also, association with one-vote-per-lot may levy up to $75 per year, increased by CPI, if majority of board are owner-occupants (Article 3.09, 4.06)

Collections & liens

If assessment unpaid for more than 60 days, corporation may file Notice of Lien with Marion County Recorder. Lien subordinate to any first mortgage. Sale or transfer of lot does not affect lien; mortgage foreclosure extinguishes lien for pa (Article 3.09)

Pets

Dogs, cats or other household pets may be kept, provided not for commercial purpose, limited in number so as not to become a nuisance, and not permitted to run loose (Article 1.14)

Parking & vehicles

Any truck, motorcycle, boat, bus, camper, trailer or other similar housing or recreational device, if stored on a lot, shall be housed within a garage building (Article 1.08)

Fences

Fences must be approved per 1.03. Maintenance of fence on top of Landscape Easement on southern border is responsibility of developer until HOA established, then HOA (Article 1.03, 2.06)

Architectural approval

If corporation fails to approve/disapprove or request additional information within 30 days after submission, plans and specifications deemed approved (Article 3.06)

Setbacks / home size

Single story dwellings: minimum 900 sq ft living area exclusive of open porches, garages, unheated areas. Split level dwellings: minimum 660 sq ft on ground level floor, minimum 900 total sq ft living area (Article 1.02)

Maintenance

Owner maintains lot and drainage swales; corporation maintains open space, landscape easement areas, and easement areas; developer responsible for fence on L.E. until HOA established, then HOA (Article 3.09, 2.06, 1.20)

Use restrictions

Lots shall be used for detached single family dwellings in accordance with present zoning; no business purpose (Article 1.01, 1.05)

Voting & meetings

Each lot owner becomes a shareholder. Directors elected by owners of majority of lots. Termination of restrictions requires owners of not less than majority of lots. Assessments require vote of not less than 75% of owner occupants (Article 3.01, 3.02, 4.01, 3.09)

Amendments

Restrictions automatically extended for successive 10-year periods unless terminated in whole or in part by instrument executed and acknowledged by owners of not less than a majority of lots, filed for record. (Article 4.01)

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