Valley View Subdivision Homeowners Association

Key facts from Valley View Subdivision Homeowners Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class I planned community (Page 3: 'Declarant intends to develop th)

Legal name

Valley View Homeowners' Association

Developer / declarant

ARC 150, LLC

Governing law

Oregon Planned Community Act (Page 3: 'subject to the Oregon Planned C)

Assessments & dues

Board prepares and approves a budget each year, then allocates total budget equally against all sold Lots as annual assessments. Budget must include estimated revenue/expenses, reserve amounts, etc. (Section 10.4(a)(b))

Special assessments

Board may levy special assessments: (a) for deficit in operating budget by majority vote; (b) for breach of documents by majority vote; (c) for repairs to Common Area if insufficient funds by majority vote; (d) for capital additions by vote (Section 10.6)

Reserves & fees

Board may adopt resolutions to impose late fees on delinquent assessments; notice to owners at least 30 days before effective date. (Section 10.8(c))

Pets

Reasonable number of household pets permitted, not kept for commercial purposes. (Section 4.5)

Leasing & rentals

An Owner may rent or lease his residence, provided: (a) written rental agreement including compliance with Declaration, Bylaws, Rules; (b) tenant given copies of those documents; (c) Owner responsible for tenant violations. (Section 4.4)

Fences

Fences and boundary hedges require ARC approval. No chain-link fencing except temporary construction barricade by Declarant. All side yard fencing must maintain 5-foot setback from front of house. Owner maintains fences on Lot; Association (Section 4.11)

Architectural approval

ARC renders decision within 15 working days after receipt of all required material; if no decision within 30 working days, deemed approved. (Section 6.5)

Use restrictions

Lots shall be used for residential purposes only. No trade, craft, business, commercial activity, except limited activities like sale of residences, construction by Declarant, and minimal home office not observable outside, not increasing p (Section 4.1)

Voting & meetings

Two classes: Class A (non-declarant owners) – 1 vote per Lot; Class B (Declarant) – 3 votes per Lot until 80% sold or earlier election, then converts to Class A. After Turnover: 1 vote per Lot, total votes = number of Lots. No fractional vo (Section 7.2(a)(b))

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