The Cottages of Stone Harbor

Key facts from The Cottages of Stone Harbor's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development with a master association (Stone Harbour Master Association Inc.) and two member associations: The Cottages of Stone Harbour Homeowners Association (HOA) and The Gardens of Stone Harbour Co-Owners Association (condo (Master Association Declaration, Introduc)

Developer / declarant

Rottlund Homes of Indiana Limited Partnership, a Minnesota Limited Partnership (Cottages Declaration, first page and Art)

Governing law

Horizontal Property Law of the State of Indiana (Acts 1963, Chapter 349, Sections 1-31, as amended; Indiana Code 32-1-6 et seq.) (Gardens Declaration, Section 1(a))

Assessments & dues

Cottages: Board establishes annual budget prior to each fiscal year, setting forth Common Expenses plus contingencies and reserves. Master: Board fixes assessments at least 30 days in advance of annual period after budget approval. (Cottages Declaration, Art. VI Section 4;)

Special assessments

Cottages: Board may levy special assessments if annual assessment insufficient or for unanticipated expenses. Master: Special assessments for capital improvements require approval of two-thirds (2/3) of votes of each class. (Cottages Declaration, Art. VI Section 5;)

Collections & liens

Cottages: Assessments are a prior lien on the Lot, subject and subordinate only to taxes, municipal liens, and bona fide first mortgages. Association may foreclose. Master: Assessments are a continuing lien; may be foreclosed in same manner (Cottages Declaration, Art. VI Section 2;)

Reserves & fees

Cottages: Annual budget includes a reasonable allowance for contingencies and reserves. Master: Not specified, but fidelity bond covers reserves. (Cottages Declaration, Art. VI Section 4)

Pets

Yes – dogs, cats, or other household pets allowed, but not for commercial purposes. (Master Declaration, Art. VI Section 2(c))

Fences

All fences, walls, barriers require prior written approval of ACC. No structure over six (6) feet in height. No structure closer to front lot line than the front building line. Dog runs require ACC approval. (Cottages Declaration, Art. II Section 22)

Architectural approval

Yes – no alteration of any kind to a residence or Lot (including additions, alterations, fences, screens, walls) without prior approval of the Architectural Control Committee (ACC). (Cottages Declaration, Art. V Section 2; )

Signs & flags

Cottages: No sign except one professional sign (max 1 sq ft) and one 'for sale' sign (max 5 sq ft). Declarant may erect signs. Master: Same. (Cottages Declaration, Art. II Section 9;)

Setbacks / home size

All buildings shall be located as indicated on the recorded Plat of The Cottages. (Cottages Declaration, Art. II Section 3)

Insurance

Cottages: Association shall maintain public liability insurance (minimum $2,000,000 per occurrence) on all Common Areas, and property insurance on Common Areas against windstorm, vandalism, and other hazards under extended coverage. Master: (Cottages Declaration, Art. VI Section 8;)

Use restrictions

Cottages: No Lot shall be used except for residential purposes. Master: Same restriction. (Cottages Declaration, Art. II Section 2;)

Voting & meetings

Cottages: Class A (owners) - 1 vote per lot; Class B (Declarant) - 1 vote per lot until 120 days after date when 90% of lots conveyed to Class A. Master: Class A (Owner Members) - 1 vote per lot; Class B (Member Associations) - votes equal (Cottages Declaration, Art. VII Section 2)

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