Iron Ridge Woods Homeowners Association

Key facts from Iron Ridge Woods Homeowners Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class 1 planned community (Recitals: 'Class 1 planned community, un)

Legal name

Iron Ridge Woods Homeowners Association

Developer / declarant

Noyes Development Company

Governing law

ORS 94.550 – 94.783 (Article 2.1: 'subject to ORS 94.550 — 94)

Assessments & dues

Amount determined annually by Board budget (Article 9.4: 'Annual assessments for eac)

Special assessments

Board majority may levy for deficits, breaches, repairs; 75% vote of all owners for capital additions (Article 9.6: 'vote of a majority of the )

Collections & liens

Association may enforce liens for unpaid assessments (Article 9.8: 'Default in Payment of Asse)

Reserves & fees

Reserve Fund established for replacement of Common Area improvements; funded by Reserve Fund Assessment; Board may borrow with repayment plan (Article 9.5: 'establish a reserve fund..)

Use restrictions

Lots shall be used for residential purposes only (Article 4.1: 'Lots shall be used for res)

Voting & meetings

Class A members (all Owners except Declarant) 1 vote per Lot; Class B (Declarant) 3 votes per Lot until termination (Article 8.2: 'Each Lot shall be entitled)

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