Riverplace

Key facts from Riverplace's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class II planned community (Recitals B (ORS 94.550(4)))

Developer / declarant

Riverside Homes, LLC (Preamble)

Governing law

ORS 94.550 to 94.783 (Oregon Planned Community Act) (Page 2, after Recitals)

Assessments & dues

Board prepares and adopts annual budget; Owners may reject by 75% of Total Association Vote at special meeting (Section 4.4)

Special assessments

Allowed upon approval by two-thirds (2/3) of Total Association Vote (Section 4.5)

Collections & liens

Lien on Lot for unpaid assessments; Association may foreclose as provided by law (Sections 4.2, 4.6, 4.7.1)

Reserves & fees

Board determines amount; triggers after 10 days delinquency (Section 4.7)

Pets

Conventional household pets only; no breeding or commercial purposes (Section 6.10)

Leasing & rentals

Yes, after twelve (12) months of occupancy by an Owner (Section 6.8)

Parking & vehicles

Parking only on one side of SE Lone Oak Street and SE Hardwood Lane as noted by No Parking Signs (Section 6.6.2)

Home business

Home occupations may be permitted subject to Board guidelines, rules, and approval (Section 6.2)

Use restrictions

Yes, single-family residential purposes exclusively, except home occupations as permitted (Section 6.2)

Voting & meetings

One vote per Lot; multiple owners determine how vote is cast (Section 3.4)

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