Banton Park Estates

Key facts from Banton Park Estates's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class I planned community (WITNESSETH paragraph)

Legal name

Banton Park Estates Homeowners’ Association, Inc. (Section 1.2)

Developer / declarant

Banton Park Estates, LLC, an Oregon limited liability company (Opening paragraph)

Governing law

ORS 94.550 to 94.783 (WITNESSETH paragraph)

Assessments & dues

Board determines rate at least 30 days in advance of each assessment period; may adjust as needed subject to Bylaws limitations. (Section 3.2)

Special assessments

Yes, for capital improvements to Common Areas and Common Maintenance Areas (Section 3.1), and additional assessments for corrective actions (Section 3.6), and Limited Assessments for projects benefiting some Lots (Section 3.5). (Sections 3.1, 3.5, 3.6)

Collections & liens

Assessments are a continuing lien on the Lot, subordinated to first mortgage. Association may file liens. Personal obligation passes only if assumed in writing. Foreclosure of first mortgage extinguishes assessment lien for pre-foreclosure (Sections 3.1, 3.8)

Reserves & fees

Yes, required for major maintenance, repair, replacement of Common Maintenance Areas. Funded by Reserve Assessments allocated equally among Lots. Reserve study and maintenance plan required. (Section 3.4, 3.4.1, 3.4.2)

Home business

Commercial, institutional, or non-residential uses prohibited without Board approval. Board may approve if only normal residential activities observable, not diminishing residential character. Professional personal business (records, teleph (Section 8.2)

Signs & flags

For Sale: one sign max 2x3 ft, on stake, max 3 ft high. For Rent: one sign max 3 sq ft, visible from front only, displayed from within Unit. Political signs: max 90 days before election, removed 15 days after. Declarant signs exempt. US fla (Section 10.4)

Use restrictions

All Lots and Units shall be kept and maintained primarily for single family residential purposes. (Section 8.1)

Voting & meetings

Two classes: Class A (1 vote per Lot) and Class B (3 votes per Lot for Declarant before Conversion Date). On Conversion Date, Class B converts to Class A. Voting suspended for delinquency or default. (Sections 2.2, 2.3)

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