Austin Trace Ccrs

Key facts from Austin Trace Ccrs's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single family housing development (Recital A)

Developer / declarant

ARBOR INVESTMENTS, LLC, an Indiana Limited Liability Company (Opening paragraph and execution)

Governing law

Indiana Nonprofit Corporation Act of 1991 (Section 1.D)

Assessments & dues

Not fixed; determined annually by Board based on budget. (Section 5.D)

Special assessments

Allowed, levied by Board as needed for Common Expenses or unanticipated costs. (Section 5.E)

Collections & liens

Assessment becomes a continuing lien on the Lot, subordinate to prior recorded mortgages. Association may foreclose. (Section 5.B, 5.I.i, 5.I.ii)

Reserves & fees

Budget includes reasonable allowance for reserves. (Section 5.D)

Pets

Yes, family pets allowed. (Section 9.A.x)

Leasing & rentals

Yes, Owner may lease entire Lot to a single family. (Section 16)

Parking & vehicles

Designated visitor/guest parking subject to Board rules. (Section 9.A.xv.a)

Fences

Ornamental fences or continuous shrub plantings serving as fence require ARC approval. (Section 9.A.xii)

Architectural approval

Yes, for any construction, alteration, addition, modification, or landscaping of Improvements (except repainting same color). (Section 3.B)

Signs & flags

One sign of not more than 5 square feet per Lot advertising sale/rent. Developer signs allowed during Development Period. (Section 9.A.xiii)

Setbacks / home size

Front: minimum 25 ft from street right-of-way. Rear: minimum 15 ft. Side: minimum 5 ft each, aggregate 10 ft. (Section 9.A.iii)

Maintenance

Association maintains Common Areas, Lakes; Owner maintains Lot and if abutting Lake, the bank above lake level and debris-free portion. (Section 8, Section 7.B, Section 9.A.i (C)

Use restrictions

Yes; each Lot shall be used only for residential purposes and single family dwelling. (Section 9.A.vi and Section 16)

Voting & meetings

Class A: one vote per Lot owned (other than Declarant). Class B: Declarant and assigns get five votes per Lot owned. Class B terminates upon first of: (1) written resignation, (2) 75% of Lots deeded to non-Declarant, (3) 10 years after firs (Section 2.A.iii)

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