Bethany Crest No. 2 Homeowners Association, Inc.

Key facts from Bethany Crest No. 2 Homeowners Association, Inc.'s documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Bethany Crest No. 2 Homeowners Association, Inc. (Section 1.1)

Legal name

Bethany Crest No. 2 Homeowners Association, Inc.

Units / lots

46 lots originally in Bethany Crest No. 2 (Lots 75-120); after annexation of Bethany Crest No. 3, additional 24 lots (Lots 121-168) (DOC 156009 Recital A (46 lots) and DOC 1)

Developer / declarant

2728 Holding Corporation (formerly Centex Real Estate Corporation)

Governing law

Oregon Revised Statutes (ORS) – lien provisions under ORS 87.352 to 87.382; foreclosure under ORS Chapter 88 (Section 1.5)

Assessments & dues

Determined by Board at least 30 days in advance; uniform except that unimproved lots pay 1/4 rate of improved lots. No specific dollar amount given. (Section 1.3(a))

Special assessments

Permitted for capital improvements to Tract C or extraordinary maintenance to Common Maintenance Areas. (Section 1.2)

Reserves & fees

Association may impose late charges for administrative and processing costs of late payments, as established by resolution. (Section 1.4)

Voting & meetings

Class A members (all owners except Declarant/Builder) – 1 vote per lot. Class B members (Declarant and Builder) – 3 votes per unoccupied lot. Class B ends when Class A votes equal Class B or 10 years after first conveyance to Class A, which (Section 1.6)

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