Central Park (OR)

Key facts from Central Park (OR)'s documents

Community type

Private park serving three parcels (condominium, office, apartment) (2000 Declaration – Recitals B)

Units / lots

Initially 5 lots (Lots 111-115) plus tracts (H, MM, TT, UU). Additional property may be annexed. (2012 Declaration §2.1, §2.2)

Developer / declarant

Central Bethany Development Co., A Limited Partnership (2000 Declaration – first page)

Assessments & dues

Board prepares budget at least annually; assessments based on budget. (2000 Declaration §6.2)

Special assessments

Not specifically mentioned but implied by general assessment power. (2000 Declaration §4.5(d))

Collections & liens

Association may bring action to recover money judgment for unpaid assessments; also may suspend voting rights and use of Central Park until paid. Lien not explicitly mentioned, but enforcement of lien in section 7.2(c) says any other remedy (2000 Declaration §7.2)

Reserves & fees

Budget includes reasonable reserves for replacement (Section 6.2). (2000 Declaration §6.2)

Voting & meetings

One vote per Parcel. If a Parcel is divided into Units, vote determined by majority of Units (one vote per Unit). If Parcel is condominium or planned community, vote cast by board of directors of that entity. (2000 Declaration §4.3)

Amendments

Amendment requires vote or written consent of all voting rights, recorded in Deed Records (Section 8.1). Until turnover, Declarant may amend unilaterally for regulatory compliance (Section 8.2). After turnover, regulatory amendment requires (2000 Declaration §8.1, §8.2)

Amenities

Central Park is a private park; no specific amenities listed (e.g., trails, open space). (2000 Declaration – Recitals B)

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