Bethany Creek Park Homeowners Association

Key facts from Bethany Creek Park Homeowners Association'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 as defined in the Oregon Planned Community Act (Section 2.3)

Developer / declarant

Polygon WLH LLC, a Delaware limited liability company (Opening paragraph)

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) and Oregon Nonprofit Corporation Act (ORS 65.001 to 65.990) (Sections 1.24 and 1.21)

Special assessments

Permitted; before Turnover Meeting, capital improvement special assessments require approval of Owners holding at least 50% of total voting power (one vote per Lot, ignoring Class B extra votes). After Turnover Meeting, procedures not speci (Section 5.3)

Collections & liens

Assessments create a continuing lien on the Lot; foreclosure under Oregon Revised Statutes Chapter 88 for party wall costs (Sections 5.1, 11.5)

Reserves & fees

Association maintains a reserve account funded by Reserve Assessments; reserve study conducted annually; maintenance plan required (Sections 6.1, 6.2, 6.3)

Leasing & rentals

Yes, but with restrictions; minimum lease term of 6 months; no hotel or transient purposes (including Airbnb, VRBO, etc.); lease must be in writing; Owner must submit tenant identity and lease copy to Board within 30 days of rental or prior (Section 8.3)

Fences

Fences, hedges, and walls require ARC approval; must comply with governmental height and vision clearance requirements; encouraged to use same material as other Lots (Section 8.8)

Setbacks / home size

All Improvements must comply with applicable governmental height restrictions (Section 8.2)

Insurance

Owners must insure their own Townhome for the deductible amount under the Association's policy and for their personal property and Betterments. (Section 11.9.2)

Voting & meetings

Two classes: Class A Members (one vote per Lot owned); Class B Member (Declarant, three votes per Lot owned). Class B converts to Class A upon earlier of: all Lots conveyed to non-Declarant, 10 years after first sale, or Declarant's electio (Section 3.3)

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