Silverstone (OR)

Key facts from Silverstone (OR)'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class I planned community within the meaning of the Oregon Planned Community Act (Recitals, page 1)

Legal name

Silverstone

Units / lots

157 (approx: 45 original + 39 from Silverstone No.2 annexation + 73 from Meadows at Silverstone annexation) (Doc 156471 page 1 (Lots 46-84) and Doc 1)

Developer / declarant

Stone Bridge Homes NW, LLC (Page 1, first paragraph)

Governing law

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

Assessments & dues

Determined annually by Board based on budget; initial assessment set by Declarant (Art 10.4, 10.3)

Special assessments

Allowed for: (1) correct deficit in operating budget by majority Board vote; (2) collect amounts due from an Owner for breach by majority Board vote; (3) repairs if insufficient funds by majority Board vote; (4) capital acquisitions/improve (Art 10.5)

Collections & liens

Association has a lien against each Lot for delinquent assessments; includes future assessments, interest, late fees, penalties, attorneys' fees; may foreclose per Planned Community Act (Art 10.8.2)

Pets

Reasonable number of dogs and cats not kept for commercial purposes; also birds, fish, small reptiles in cages inside (Art 4.7)

Leasing & rentals

Not less than 30 days (Art 4.6.2)

Fences

Rear yard fences max 6 feet tall; no fence beyond front elevation; corner lots must comply with City of Forest Grove vision clearance requirements (Art 4.13)

Architectural approval

Approval required for any improvement (construction, alteration, etc.) (Art 6.1)

Setbacks / home size

Comply with City of Forest Grove setback requirements and as established by ARC (Art 4.2.2)

Use restrictions

Lots shall only be used for residential purposes (Art 4.1)

Voting & meetings

Two classes: Class A members (all Owners except Declarant) have 1 vote per lot; Class B member (Declarant) has 3 votes per lot until termination date (Art 7.3)

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