River Terrace Crossing Homeowners Association

Key facts from River Terrace Crossing Homeowners Association's documents

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

Community type

Planned community, Class I (under Oregon Planned Community Act) (Section 2.3)

Units / lots

115 (Lots 1 through 115 inclusive, plus additional via annexation) (Section 1.21)

Developer / declarant

Polygon WLH LLC, a Delaware limited liability company (First paragraph of Declaration)

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) and Oregon Nonprofit Corporation Act (ORS 65.001 to 65.990) (Sections 1.23, 1.26)

Assessments & dues

Not fixed; determined annually by Board based on budget (Regular Assessment). (Section 5.2.2)

Special assessments

Levyable for deficits; before Turnover, capital improvement special assessments require 50% member approval. Special Assessments not levied against Declarant/CDCG without their written consent. (Section 5.3)

Collections & liens

Assessment creates a continuing lien on the Lot. Personal obligation of Owner. Enforcement per Section 16.2 (not fully provided). (Section 5.1)

Reserves & fees

Required reserve account for major maintenance/repair/replacement of Common Maintenance Areas with useful life 1-30 years. Funded by Reserve Assessments. Board may borrow from reserve for high seasonal demands or unexpected expenses, with r (Section 6)

Pets

Not explicitly addressed in this declaration; likely in Rules and Regulations (No provision found)

Leasing & rentals

Yes, but only for terms of 6 months or more; no hotel or transient purposes (e.g., Airbnb, VRBO). (Section 8.3)

Parking & vehicles

Recreational vehicles (RVs) may not be visibly parked on a Lot for more than 5 continuous days per calendar month, and must be screened from view. (Section 8.5)

Fences

All fences require ARC approval prior to construction. Owners encouraged to use same or similar material as existing fences. Must comply with governmental height restrictions and vision clearance. (Section 8.8)

Architectural approval

Yes, for any improvement, including landscaping, construction, alteration on Lot. Plans must be submitted to ARC for written approval. (Section 11.5)

Home business

Only exempt family child care or certified family child care home allowed as non-residential use. No other home business mentioned. (Section 8.2)

Setbacks / home size

Ground floor area not less than required by applicable building code (exclusive of one-story open porches, garages, carports). (Section 12.3)

Maintenance

Owner responsible for maintenance/repair/replacement of roof (Section 10.2 includes 'roofs' in owner maintenance). (Section 10.2)

Insurance

Not detailed; Section 5.2.2(c) allows premium for insurance policies required or permitted by Bylaws. (Section 5.2.2(c))

Voting & meetings

Class A Members (all Owners other than Declarant and CDCG) – 1 vote per Lot. Class B Members (Declarant and CDCG) – 3 votes per Lot. Class B converts to Class A upon certain events (Section 3.3.2). (Section 3.3)

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