Lakes at Prairie Crossing

Key facts from Lakes at Prairie Crossing's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA – Homeowners Association, Inc. (Section 2.2: 'The Lakes af Prairie Cross)

Assessments & dues

Initial maximum $170.00 per Lot per year (Section 5.3(a))

Special assessments

Levied for capital improvements, operating deficits; requires approval of 2/3 of votes cast at a meeting called for that purpose (Section 5.4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may bring action to foreclose; personal obligation of the owner at time of delinquency does not pass to successors unless assumed (Sections 5.1, 5.8, 5.9)

Reserves & fees

Part of Regular Yearly Assessments may be set aside in a reserve fund for repair and replacement of Common Area (Section 5.2)

Pets

Yes, domestic household pets traditionally kept in Indiana residences; must be confined to prevent nuisance; excessive barking or vicious animals constitute nuisance and may be ordered removed (Section 7.4)

Leasing & rentals

Yes, any Lot may be leased by its Owner (Section 7.3)

Parking & vehicles

Not expressly regulated in Declaration; streets dedicated to public, so subject to local regulation (Section 3.9 (Street dedication) and gene)

Architectural approval

Yes, for any building, outbuilding, mailbox, fence, satellite dish, wall, or other structure (except original construction by Declarant/Builders); exterior changes also require approval; plans must be submitted in writing and approved or de (Section 7.2)

Home business

Allowed only if permitted by zoning and strictly limited: conducted entirely within residence by immediate family member only, no external signs, no commodity sales, no employees outside family, no customers on lot, no manufacturing, prohib (Section 7.27)

Signs & flags

Only signs installed by Declarant, Association, or Builder allowed; one 'For Sale' sign up to 6 sq. ft. per Lot; no other signs displayed to public view (Section 7.19)

Setbacks / home size

Front building lines as shown on Plat; side and rear yard minimums per applicable zoning and subdivision control ordinances (Sections 7.6, 7.7)

Insurance

Association shall purchase comprehensive general liability insurance covering Association, Board, committees, agents, employees, Common Area, public ways; premiums are Common Expense (Section 9.1)

Use restrictions

Lots used exclusively for single family detached residential purposes, except Declarant's development rights (Section 7.1)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – 1 vote per Lot; Class B (Declarant) – 3 votes per Lot owned until events trigger conversion to Class A (December 31, 2020 or when Class A votes equal Class B votes) (Section 4.2)

Amendments

By instrument recorded in Hamilton County, signed by at least 75% of then Owners; Declarant may amend within 4 years of recordation if it still owns any interest; no amendment of Declarant's rights without Declarant's prior written approval (Sections 11.3, 11.4)

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