Waters Edge (IN)

Key facts from Waters Edge (IN)'s documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision

Units / lots

106 ([[DOC 166902]] page 7 ('water's edge con)

Developer / declarant

Water's Edge Development, LLC.

Assessments & dues

$12.50 per month until December 31, 1998 ([[DOC 166902]] page 11 (Para 16(g) 'Unti)

Special assessments

Requires assent of two-thirds of each class; Declarant shall not be proxy ([[DOC 166902]] page 11 (Para 16(f)))

Collections & liens

Regular and Special Assessments become liens; may be foreclosed ([[DOC 166902]] page 11 (Para 16(e) and 1)

Reserves & fees

At least 15% of Regular Assessment designated as reserve fund for repair/replacement of Common Areas ([[DOC 166902]] page 11 (Para 16(d) 'At l)

Architectural approval

Yes, Architectural Review Board approval required for any improvement ([[DOC 166902]] page 10 (Para 15(c) 'no d)

Setbacks / home size

Front building setback as shown on plat; Side yards: aggregate 20 ft, no less than 8 ft from side lines; Rear yards: at least 20 ft from rear lot line ([[DOC 166850]] page 6 (definitions and r)

Voting & meetings

Two classes: Class A (one vote per lot) and Class B (Declarant, 10 votes per lot until Applicable Date) ([[DOC 166902]] page 7-8 (Para 9(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.