Northcrest Homeowners Association, Inc.

Key facts from Northcrest Homeowners Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Northcrest Homeowners Association

Units / lots

48 (Lots 1-48 on plat, per Article 3.1.1) (Decl 3.1.1, page 14)

Management

Crystal Lake Property Management

Governing law

ORS 94.550 to 94.783 (Oregon Planned Community Act) (Decl Preamble, page 11)

Assessments & dues

Amount determined by Board budget; equal share per lot; Declarant exempt until lot occupied or conveyed (except reserve assessments accrue from date lot subject) (Decl 8.5.1; Amendment Section 1 (new 8.5)

Special assessments

May be levied in any year; paid as Board determines; equal share per lot; may be paid in installments (Decl 8.5.3)

Collections & liens

Association has lien on Lot for unpaid assessments, late charges, interest, costs, attorney's fees; lien superior except for tax liens and first mortgages; foreclosure after 60 days delinquency; must record notice of claim of lien with spec (Decl 8.4, 8.9, 8.10, 8.11.2–8.11.4)

Reserves & fees

Established for items requiring replacement in 3–30 years; funded based on Reserve Study; Declarant may defer payment until lot conveyed but not beyond Turnover; fund used only for repair/replacement; may borrow from fund for seasonal expen (Decl 8.1.2, 8.2)

Home business

Home occupations allowed if permitted by applicable zoning codes and approved by Board in their sole discretion (Decl 7.1)

Signs & flags

Not specifically mentioned; but ARC approval required for all Improvements, which may include signs (Decl 9.3 (Improvement definition include)

Use restrictions

Yes; each Lot shall be used for residential purposes; no trade or business except home occupations allowed under zoning and approved by Board (Decl 7.1)

Voting & meetings

Class A: one vote per Lot for all Owners except Declarant; Class B: Declarant gets three votes per Lot owned; Class B ceases at 90% sales or earlier Declarant election (Decl 4.4)

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