Sutton Place Planned Community Association

Key facts from Sutton Place Planned Community Association's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Sutton Place Planned Community Associati)

Legal name

Sutton Place Planned Community Association

Developer / declarant

Cedarcrest Townhouse, L.L.C.

Governing law

Oregon Revised Statutes (ORS 94.709) (ORS 94.709)

Assessments & dues

Board prepares annual budget, estimates common expenses, and assesses each Owner in proportions set forth in the Declaration (Section 5a)

Special assessments

Board may levy additional assessment if budget insufficient or in emergencies; also special assessment for maintenance of a Lot performed by Association under Section 3b(x) (Section 5a (last sentence), Section 5d)

Collections & liens

Lien for unpaid assessments; foreclose in manner as lien under ORS 94.709; Association may purchase Lot at foreclosure sale; holder of first mortgage on Lot notified of default not cured within 30 days (Section 5e, 5f, 5h)

Reserves & fees

A general operating reserve is included as a common expense in the budget (Section 5b(ii): A general operating rese)

Signs & flags

Board may adopt Rules and Regulations including sign guidelines (Section 7: including sign guidelines)

Voting & meetings

One vote per Lot for Owners; Declarant entitled to three votes per Lot owned until turnover; Declarant has veto right over any action if adverse to its interest until two years after Turnover Meeting (Section 2g)

Amendments

Amendments proposed by majority of Board or by Owners holding at least 25% of votes; approved by Owners holding at least 67% of votes; amendments changing percentage vote requirements require 75% approval; must be certified and recorded (Section 8a, 8b, 8c)

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