Murray Ridge Owners Association

Key facts from Murray Ridge Owners Association's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned development (homeowners association) (Recitals B: 'establish such property as )

Developer / declarant

D.R. Horton, Inc. - Portland, a Delaware corporation (Document title and Section 1.6)

Governing law

Oregon Planned Community Act (Section 1.2; Section 8.4(c))

Assessments & dues

Not fixed; set annually by Board of Directors based on operating budget (Section 10.4)

Special assessments

Permitted for capital improvements, repairs, etc. Approval required: if total exceeds 15% of budgeted gross expenses, must be approved by majority of voting rights and Class B member (if any). Prior to turnover meeting, also requires 50% Cl (Section 10.5)

Collections & liens

The Association has a lien on the Lot for unpaid assessments, fines, etc. May foreclose. Lien subordinated to prior recorded mortgages. (Sections 10.10, 11.2, 11.4)

Reserves & fees

Required for replacement of common properties with useful life between 3 and 30 years; funded by assessments; annual reserve study required. (Section 10.9)

Pets

Yes, reasonable number of household pets not kept for commercial purposes. (Section 6.4)

Parking & vehicles

Boats, trailers, motorcycles, trucks, mobile homes, campers, recreational vehicles, and vehicles over 9,000 lbs may not remain overnight except in enclosed garage or screened area. Vehicles may not be used for storage >48 hours without ARC (Section 6.6)

Architectural approval

Yes, for any Improvement (structure, fence, landscaping, etc.) (Section 7.1)

Signs & flags

One 'For Sale'/'For Rent' sign per Lot (max 24 inches high, 36 inches long); two during initial construction. Political signs allowed subject to ARC regulations. (Section 6.8)

Maintenance

Owner maintains Lot and exterior improvements; Association maintains Common Areas and private utilities in Common Areas. Association may assume Owner's maintenance if deficient after notice. (Sections 6.5, 9.1, 9.2, 9.5)

Use restrictions

Lots shall only be used for residential purposes. (Section 6.2)

Voting & meetings

Class A (each Lot one vote); Class B (Declarant three votes per Lot owned until 75% sold or Declarant elects to terminate) (Section 8.3)

Amendments

May be amended by duly adopted amendment to this Declaration; regulatory amendments also allowed. (Section 14.1, 14.2)

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