Drake Meadows

Key facts from Drake Meadows's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single-family residential (Recital B: "residential community of sin)

Units / lots

Not explicitly stated; references to Lots 1, 2, 3, 7-11 suggest multiple lots (Section 5.2: "Owners of Lots 1 and 7-11")

Developer / declarant

Riverside Homes, Inc., an Oregon corporation (before Recitals: "by Riverside Homes, In)

Governing law

Oregon law (Article 1.1.2: "normal meaning under Ore)

Assessments & dues

Board prepares and adopts budget, mails summary to Owners, then special meeting; Owners may reject by 75% vote; if rejected, prior budget continues (Section 4.3)

Special assessments

Two-thirds (2/3) of Total Association Vote required for approval; payment terms set by Board (Section 4.5)

Collections & liens

Lien attaches if assessment unpaid within 30 days; after 60 days Association may foreclose; lien superior except for tax liens and first mortgages (Sections 4.6, 4.7, 4.7.1)

Reserves & fees

Budget may include capital reserves per a separate capital budget (Section 4.3: "which may include an amoun)

Pets

Conventional household pets may be kept on a Lot; no animals, livestock, or poultry raised, bred, or kept for commercial purposes (Section 6.10)

Leasing & rentals

Lots may be leased for residential purposes (Section 6.8: "Lots may be leased for res)

Parking & vehicles

Not specifically addressed; but no parking on north side of Access Easement (Section 6.7)

Home business

Home occupations permitted subject to Board guidelines; limited business uses, no disturbance, noise, unsightliness, undue traffic or parking, and must comply with Governing Documents (Section 6.2)

Setbacks / home size

Two-story or split level: at least 1,300 gross sq ft exclusive of open porches and garages; one-story: at least 1,000 gross sq ft exclusive of open porches and garages (Section 6.3.1)

Maintenance

Association maintains Common Areas (including shared storm drain if City does not, streetlights if no individual billing). Owner maintains Lot and structures, parking, landscaping, street trees. Perimeter fencing maintained by abutting lot (Sections 5.1, 5.4)

Insurance

Board must obtain insurance on all insurable buildings and other substantial structures Association is obligated to maintain, at minimum fire and extended coverage, plus public liability policy with at least $1,000,000 combined single limit (Sections 7.1.1, 7.1.2)

Use restrictions

Lots shall be used for single-family residential purposes exclusively, except home occupations allowed per Board rules (Section 6.2)

Voting & meetings

One vote per Lot; if multiple owners, they must determine vote or it is suspended (Section 3.4: "one (1) vote for each Lot )

Amendments

Declarant may unilaterally amend to comply with law, title insurance, lender requirements, or governmental insurance; with property for sale, may amend for any other purpose not materially adversely affecting owners. Owners may amend by 75% (Section 11.3)

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