Alderbrook South No.3

Key facts from Alderbrook South No.3's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned_community (Recitals and throughout - subdivision ca)

Units / lots

72 (first annexation: Annexed Lots 1-72); additional 20 lots in third annexation (Lots 117-136) (Section 1.3 and Section 1.4 of first ann)

Developer / declarant

Centex Homes, a Nevada general partnership (Page 1 - 'by CENTEX HOMES, a Nevada gene)

Governing law

Oregon Planned Community Act (ORS 94) (Third Declaration of Annexation Section )

Assessments & dues

Association sets annual amount for maintenance and insurance per Section 2.3 of the CC&Rs; limited assessments are calculated by dividing aggregate annual amount by number of relevant lots (Sections 5.2 and 5.3: 'aggregate annual )

Special assessments

Limited Assessments for Limited Common Areas (Section 5.2) and for Type 3 Lot Building Structure maintenance and insurance (Section 5.3). Also, for casualty insurance shortfall (Article 8) (Sections 5.2, 5.3, and Article 8)

Collections & liens

Lien may be filed against a Type 3 Lot for unpaid contribution to common foundation/firewall repair; no joinder of owner required (Section 2.6.1(c): 'claim of lien in the )

Reserves & fees

Two reserve funds: (1) under CC&Rs for Common Maintenance Areas; (2) Type 3 Lot Reserve Fund for replacement of Limited Common Areas and Building Structure components (over 3-30 years). Funded by Type 3 Lot Reserve Fund Assessment spread eq (Section 5.4: 'Declarant shall establish )

Fences

All fencing and plans approved by ACC; fences enclosing Landscaped Areas must be same or similar material and design; must allow Association access through gates; lot face side of wall/fence maintained by owner on whose lot it is built or a (Sections 7.3, 2.10, and Section 2.6 of T)

Architectural approval

Yes, for fencing, exterior lighting/noise devices, and structural alterations of Building Structures (Sections 7.3, 7.4, 7.6)

Maintenance

Association maintains roofs of Building Structures (included in exterior maintenance under Section 2.6.1(a)) (Section 2.6.1(a): 'including roofs')

Insurance

Public liability and property damage insurance for Limited Common Areas (min $1,000,000 per occurrence); fire and extended coverage casualty insurance for each Building Structure at 100% replacement cost; may include waiver of subrogation, (Section 2.6.2(a))

Voting & meetings

As set forth in Sections 2.10 of the CC&Rs and Section 9.1 of this Declaration; for amendments, Declarant treated as Class A member with one vote per lot owned (per ORS 94.585) (Section 3 and Section 8.1 of Third Annex)

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