Millridge Homeowners Association

Key facts from Millridge Homeowners Association's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Millridge Homeowners Association

Developer / declarant

United Homes Corporation

Governing law

Oregon Planned Community Act (ORS 94.550 et seq.) (WHEREAS and Article 1.12)

Special assessments

For capital improvements, Board may establish special assessments; must be approved by at least 50% of Owners; collectible as regular Common Expenses with lien provisions (Article 7.6)

Collections & liens

Board has right and duty to recover unpaid Common Expenses by foreclosure of lien granted by Oregon Planned Community Act; may purchase Lot at foreclosure sale; action for money judgment maintainable without foreclosing lien; lien subordina (Articles 7.7, 7.8, 7.10)

Reserves & fees

Portion of Common Expenses placed in separate reserve account for major maintenance and replacement of Common Area items normally requiring replacement in more than 3 and less than 30 years; may be borrowed for high seasonal demands or temp (Article 7.5)

Use restrictions

Each Lot is to be used for residential purposes as described in the Bylaws; additional limitations in Bylaws (Article V (as amended by 2010 Amendment,)

Voting & meetings

Each Lot shall be allocated one vote in the affairs of the Association (Article 4.3)

Amendments

Amendment requires vote or agreement of owners representing 75% of total votes in Planned Community; cannot increase number of Lots or change boundaries or uses to which any Lot is restricted unless owners of affected Lots unanimously conse (Article XII)

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