Polygon at West River Terrace Homeowners Association

Key facts from Polygon at West River Terrace Homeowners Association's documents

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

Community type

Homeowners Association (Section 1.5 (Polygon at West River Terra)

Units / lots

137 (Section 1.19 (Lots 1 through 137))

Developer / declarant

William Lyon Homes, Inc. (a California corporation) and ADLV Land Holdings LLC (a Delaware limited liability company) (Introductory paragraph)

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) (Section 1.25)

Assessments & dues

Regular Assessments based on annual budget prepared by Board (Section 5.2.2). Special Assessments require 50% Owner vote pre-Turnover (Section 5.3). Limited Assessments for corrective action or costs benefiting fewer Lots (Section 5.4). Res (Section 5)

Special assessments

Yes, to satisfy deficiency; pre-Turnover capital improvements special assessment requires 50% vote (based on one vote per Lot, ignoring Class B votes) (Section 5.3)

Collections & liens

Yes, Assessments are a continuing lien on the Lot and personal obligation; enforcement per Section 17 (not fully detailed). Unpaid Party Wall costs become lien foreclosable under ORS Chapter 88 (Section 11.5). (Section 5.1, Section 11.5)

Reserves & fees

Reserve account for major maintenance/repair/replacement of Common Maintenance Areas; funded by Reserve Assessments; annual reserve study required; Board may borrow from reserve after Turnover Meeting (Section 6)

Leasing & rentals

Yes, with restrictions (Section 8.3)

Parking & vehicles

Recreational vehicles (RVs) cannot be visibly parked on a Lot for more than 5 continuous days per calendar month (Section 8.5)

Fences

Must comply with applicable governmental vision clearance and height restrictions; owners encouraged to use same or similar material; prior ARC written approval required (Section 8.8)

Architectural approval

Yes, for any Home, building, garage, structure, or other Improvement (including landscaping) – plans and specs must be submitted and approved in writing by ARC (Section 12.5)

Setbacks / home size

Must comply with all applicable governmental height restrictions (Section 8.2)

Maintenance

Association (Townhome Exteriors include roofs per Section 1.35) (Section 1.35, Section 11.2)

Insurance

Not to exceed the greater of the maximum deductible acceptable to Federal National Mortgage Association or $10,000 (Section 11.9.1)

Use restrictions

Yes (Section 8.2)

Voting & meetings

Two classes: Class A (all Owners except Declarant/ADLV initially, later all Owners) – 1 vote per Lot; Class B (Declarant and ADLV Land Holdings as long as they own a Lot) – 3 votes per Lot owned (Section 3.3)

Amendments

For Section 11 amendments: requires 75% vote of all Owners including 75% of Townhome Lot Owners, plus City of Tigard Building Division approval, and Declarant approval pre-Turnover and for 10 years after. Also ADLV Land Holdings approval if (Section 11.10)

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