Foxcliff Estate Cont

Key facts from Foxcliff Estate Cont's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential subdivision with homeowners association (Foxcliff Estates Subdivision; Foxcliff E)

Legal name

Foxcliff Estates Community Association

Developer / declarant

Summit City Development Corporation

Governing law

Indiana Not-for-Profit Corporation Act of 1971; Indiana Horizontal Property Act Indiana Code 32-1-6-1 (the "Indiana Not-for-Profit Corporation )

Assessments & dues

Board of Directors fixes General Assessment each year by two-thirds vote, based on budget and number of lots per classification (By a vote of two-thirds (2/3) of the Dir)

Special assessments

Allowed for capital improvements with majority vote of Class A and B members voting in person or by proxy (provided that any such Special Assessmen)

Collections & liens

Assessments are a continuing lien on the lot. Foreclosure procedure same as mortgage foreclosure in Indiana. Corporation may accept deed of lot as payment. (shall be a continuing lien upon the Lot;)

Use restrictions

Lots are for single family residential use only (all lots are and shall be designed for a)

Voting & meetings

Class A and Class B members eligible to vote; Class C not eligible. Proxy allowed. (Class A and B members ... are not eligib)

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