Riverside at Taylor Park Homeowners Association, Inc.

Key facts from Riverside at Taylor Park Homeowners Association, Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class II planned community as defined by ORS 94.550(4) (Recitals, paragraph B)

Legal name

Riverside at Taylor Park Homeowners Association, Inc.

Units / lots

11 Lots (Lots 1 through 11 inclusive) plus Tracts A and B (Article 2: "LOTS 1 THROUGH 11, INCLUSIVE)

Developer / declarant

Riverside Homes, LLC, an Oregon limited liability company (First paragraph)

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) (Page 2, after Recitals)

Assessments & dues

Board prepares and adopts budget, mails summary to Owners, sets meeting within 30 days after adoption (14-60 days after mailing). Budget ratified unless rejected by 75% of Total Association Vote. If rejected, prior year's budget continues. (Section 4.4)

Special assessments

Levied for capital improvements if approved by two-thirds (2/3) of Total Association Vote. Board may allow installment payments. (Section 4.5)

Reserves & fees

Amount determined by Board for assessments delinquent more than 10 days. (Section 4.7)

Leasing & rentals

Lots may be leased for residential purposes. (Section 6.8)

Parking & vehicles

Any passenger vehicle inoperable or unlicensed and not capable of use on public highways for more than 48 hours considered nuisance and may be removed. (Section 6.6.3)

Architectural approval

Architectural Control Committee (ACC) approval required for all construction, alteration, addition, refurbishing, or erection of any structure, except by Declarant or as expressly permitted. (Section 3.5)

Home business

Permitted subject to Board guidelines; shall not create disturbance, noise, unsightliness, or increase traffic/parking congestion. (Section 6.2)

Insurance

Policies may contain reasonable deductible; deductible amount not subtracted from face amount. (Section 7.1.4)

Use restrictions

All Lots shall be used for residential purposes exclusively, except home occupations permitted subject to Board guidelines. (Section 6.2)

Voting & meetings

One vote per Lot owned. If multiple owners, vote exercised as they determine and advise Secretary; otherwise suspended if more than one seeks to exercise. (Section 3.4)

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