Lily Meadows

Key facts from Lily Meadows's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class II planned community (Preamble: 'create a Class II planned com)

Developer / declarant

Silvernail Construction, LLC

Governing law

ORS 94.550 to 94.783 (Preamble: 'The community shall be subjec)

Assessments & dues

Based upon annual budget prepared by Board; Regular Assessments allocated equally among all Lots (§5.2.2 and §5.2.3)

Special assessments

Levy by Board for deficiency; prior to turnover meeting, capital improvements special assessment requires approval of not less than 50% of voting power (one vote per Lot); payable within 30 days after mailing notice (§5.3: 'the Board shall have the authorit)

Collections & liens

Lien for unpaid assessments attaches from due date; foreclosure under ORS Chapter 88; lien subordinate to prior recorded mortgages; lien may be continued for up to 6 years (§7.1.1 and §7.3)

Reserves & fees

Reserve Fund established for replacement of Common Area and Lawn improvements; funded by Reserve Fund Assessments allocated equally per Lot based on reserve study; Board may borrow from fund with repayment plan; after second anniversary of (§6.1, §6.1.1, §6.1.3, §6.1.4)

Pets

Yes, cats, dogs, other household pets; not for commercial purposes; maximum 4 adult animals per Lot (§9.5: 'except for cats, dogs or other ge)

Parking & vehicles

Cannot be kept/stored on Lot unless in garage or with Board approval; commercial vehicles with insignia temporarily parked for service or kept in garage exempt; Board shall not unreasonably withhold consent if vehicle used for primary job (§9.4: 'No commercial vehicle bearing com)

Architectural approval

Yes, Board approval required for any improvement including landscaping (§10.2: 'No residence, building garage, s)

Home business

Home occupations permitted (§9.2: 'No Lot shall be used except for r)

Signs & flags

One 'For Sale' sign max 2x3 ft on stake; one 'For Rent' sign max 3 sq ft displayed from inside; political signs max 90 days before election removed 15 days after; Declarant/Association signs exempt (§9.11.1, §9.11.2, §9.11.4, §9.11.5)

Use restrictions

Yes, except home occupations (§9.2: 'No Lot shall be used except for r)

Voting & meetings

One vote per Lot; Class A all Owners except Declarant, Class B Declarant entitled to three times the voting rights per Lot owned until Turnover Date (§3.3.1 and §3.3.2)

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