Cedar Park (OR)

Key facts from Cedar Park (OR)'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Article 1.1: "a planned community in Was)

Legal name

Cedar Park Homeowners Association

Developer / declarant

D.R. Horton, Inc.

Governing law

Oregon Planned Community Act, ORS 94.550 et seq. (Section 1.5)

Assessments & dues

Initial assessment determined by Declarant; thereafter subject to review and modification by Board. (Section 6.3)

Special assessments

Referenced as "special assessments" in statement of assessments; no separate procedure described in these bylaws. (Section 6.5.1.1(a))

Collections & liens

Default by failure to pay assessment entitles Association to remedies set forth in Declaration (referred to, not detailed here). (Section 6.6)

Reserves & fees

Board shall establish and maintain replacement reserve accounts for Common Area improvements; assessments paid into reserves kept in safe, federally guaranteed depository; reserves are property of Association, not refundable to sellers. (Sections 4.3.2, 6.2)

Insurance

Board may negotiate deductible amounts; if no resolution, Association responsible for deductible. (Section 8.8)

Voting & meetings

Two classes: Class A (all Owners other than Declarant) have 1 vote per Lot; Class B (Declarant) has 3 votes per Lot until Termination Date. After Class B ends, each Owner has 1 vote per Lot. No fractional voting. (Section 2.2, 2.2.1, 2.2.2)

Amendments

Bylaws may be amended by instrument approved by at least a majority of total votes of each class of Members; must be executed, recorded, certified; no amendment affecting Declarant's rights without Declarant's written consent. (Article 9)

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