Creekside Terrace Homeowners Association, Inc.

Key facts from Creekside Terrace Homeowners Association, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Creekside Terrace Homeowners Association, Inc.

Developer / declarant

Riverside Homes, LLC (Preamble; Article 1.1.7)

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) (Page 2, first paragraph after NOW, THERE)

Assessments & dues

Board prepares annual budget, mails summary to Owners, calls special meeting within 30 days after adoption. Budget is ratified unless rejected by 75% of Total Association Vote. If rejected, current budget continues. (Article 4.4)

Special assessments

Approved by two-thirds (2/3) of Total Association Vote at a meeting. May be paid in installments. (Article 4.5 (special assessments section)

Collections & liens

All assessments become a continuing lien on the Lot, superior to all liens except taxes and first Mortgage. Association may foreclose or collect personally. (Article 4.2, 4.6, 4.7.1)

Reserves & fees

Amount determined by Board, assessed if assessment delinquent more than 10 days. (Article 4.7)

Pets

Conventional household pets allowed. (Article 6.10)

Leasing & rentals

Lots may be leased for residential purposes. (Article 6.8)

Parking & vehicles

Not considered passenger vehicles; may be parked only in parking areas on Lots or in ACC-approved screened area. (Article 6.6.1)

Architectural approval

Yes, for any construction, alteration, addition, refurbishing, or erection, except by Declarant. Plans and specs submitted to ACC. (Article 3.5, 6.3)

Home business

Permitted subject to Board guidelines, no disturbance, not increasing traffic/parking, compliance with Governing Documents. (Article 6.2)

Setbacks / home size

Two-story homes at least 1,600 sq ft; one-story homes at least 1,300 sq ft (exclusive of open porches and garages). (Article 6.3.1)

Maintenance

Association maintains Common Areas (Tract C), streetlights if no individual billing, and other facilities not dedicated to public. Owner maintains Lot, structures, landscaping, etc. Association may maintain other property if beneficial to a (Article 5.1, 5.2, 5.4)

Insurance

Board obtains insurance on insurable buildings (fire, extended coverage covering full replacement cost); public liability policy ($1,000,000 combined single limit minimum). Also workers' comp, fidelity bond if desired. (Article 7.1, 7.3)

Use restrictions

Lots for single-family residential purposes exclusively except home occupations subject to Board approval. (Article 6.2)

Voting & meetings

One vote per Lot. Each Owner has one membership per Lot. Co-owners must agree on vote or it is suspended. (Article 3.3, 3.4)

Amendments

Declarant may amend to comply with government agency requirements (11.3.1). Otherwise, 75% of Total Association Vote plus Declarant consent if Declarant owns property (11.3.2). Amendments recorded. Amendments cannot change lot boundaries, u (Article 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.