Parks at Laurel Oaks

Key facts from Parks at Laurel Oaks's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Recital A, HB 2534 Declaration)

Legal name

Parks At Laurel Oaks

Units / lots

At least 106 lots (Lots 1-56, 57-86, and 87-106 based on provided annexations; additional phases exist) (Recital A of both annexations; lots numb)

Developer / declarant

Centex Homes, a Nevada general partnership (First page of Declaration of Annexation)

Governing law

Oregon Planned Community Act, ORS 94.550 et seq. (Recital A, HB 2534 Declaration)

Assessments & dues

Assessments levied by the Association per CC&Rs; Townhouse Regular Assessments and Townhouse Reserve Assessments allocated equally among Townhouse Lots (Article 5 of 2010 Annexation; Townhouse )

Special assessments

Limited Assessments for Street Improvement Expenses; Limited Assessments for Townhouse regular/reserve items (Article 4 of 2008 Annexation; Article 5 )

Collections & liens

Lien rights for nonpayment of Assessments under CC&Rs; automatic lien for unpaid common repair costs, foreclosable under ORS Chapter 88 (Townhouse Maintenance Agreement Section )

Reserves & fees

Townhouse Reserve Fund for major maintenance, funded by Townhouse Reserve Assessments; general reserve fund referenced but not detailed (Townhouse Maintenance Agreement Section )

Signs & flags

Entry monument signage maintained by Association (Sections 2.3.12 (2008) and 2.3.9 (2010))

Use restrictions

Townhouses designed for single-family residence (Townhouse definition in Townhouse Mainte)

Voting & meetings

Owners of Annexed Lots become Members and have voting rights as set forth in Section 2.2 of the CC&Rs (Article 3 of 2008 Annexation; Article 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.