Oldham Meadows Homeowners Association

Key facts from Oldham Meadows Homeowners Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class II planned development under the Oregon Planned Community Act (Recital B)

Units / lots

38 (Lots 1 through 38) (Section 3.1(a))

Developer / declarant

Sage Built Homes LLC, an Oregon limited liability company (First paragraph of Declaration)

Governing law

ORS 94.550 to 94.783 (Oregon Planned Community Act) (Recital B)

Assessments & dues

Board sets General Assessments based on budget; budget must be approved by Owners as per ORS 94.670 or as provided in Bylaws (Section 10.4(a) and Section 8.5)

Special assessments

Allowed upon Board adoption with approval of Owners as required by ORS 94.670 (Section 10.4(b))

Collections & liens

Association has a lien on each Lot for unpaid assessments; may foreclose similar to a mortgage (Section 10.10, Section 10.11, Section 11)

Reserves & fees

Required; established and funded by Board based on reserve study; used for capital repairs (Section 10.6)

Pets

Yes, reasonable number of household pets allowed; not for commercial purposes (Section 6.4)

Leasing & rentals

Yes, leasing of Living Units permitted with written lease agreement (Section 6.25)

Parking & vehicles

Prohibited if posted 'No Parking' or curbs painted; blocking roadways or alleys prohibited (Section 6.10)

Architectural approval

Yes, Architectural Review Committee approval required for any Improvement on any Lot (except construction by Declarant) (Section 7.1)

Signs & flags

Not explicitly mentioned in this Declaration

Maintenance

Owner responsible for repair, replacement, care of roofs (Section 6.5); damage from fire etc. restored by Owner (Section 6.5)

Insurance

Association shall obtain and maintain property insurance on Common Areas and improvements, and liability insurance; details not exhaustive (Section 8.5(b))

Use restrictions

Lots shall only be used for residential purposes (Section 6.2)

Voting & meetings

Class A voting rights (Owners) and Class B Member (Declarant prior to Turnover Meeting); allocation per Lot (Section 8.3)

Amendments

Amendments proposed by Board or by Owners having 10% of voting power; approval requires at least 67% of Class A votes and Class B Member (if any); recorded; regulatory amendments allowed as per ORS 94.682 (Article 14 (Sections 14.1-14.4))

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