Sycamore Springs Main Dec

Key facts from Sycamore Springs Main Dec's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community with nine residential sections (B through J), including both single-family lots and condominium units in Section B (Recital B: 'nine (9) different residenti)

Units / lots

At least 325 lots and 32 condominium units (threshold for Class B conversion); total not specified (Para 11(b)(ii): 'three hundred twenty-fi)

Governing law

Indiana law (implied by jurisdiction; no specific statute cited) (Recital A: 'Marion County, Indiana')

Assessments & dues

Guaranteed not to exceed $1,100/year per Fully Assessed Lot/Unit (before clubhouse completion); $1,200 after clubhouse; adjusted by CPI or 10% after December 31, 1998 (Para 18(e): 'yearly Regular Overall Asse)

Special assessments

Permitted by Board resolution without Owner approval (unless otherwise provided), for unusual or extraordinary expenses, capital expenditures, etc. (Para 18(d): 'the Board of Directors shal)

Voting & meetings

Class A Members: 1 vote per Lot/Condominium Unit; Class B Members (Declarant, Secondary Declarant): 10 votes per Lot/Unit until Applicable Date (Para 11(b))

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