Elk Ridge Owners Association, Inc.

Key facts from Elk Ridge Owners Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Elk Ridge Owners Association, Inc.

Units / lots

98 total units: 42 Primary Units and 56 Parking Units (Section 4.2)

Developer / declarant

Metolius Meadows LLC, an Oregon limited liability company (Preamble and Section 1.5)

Governing law

Oregon Condominium Act, ORS 100.005 to 100.990 (Section 1.1.1)

Assessments & dues

Common profits and common expenses allocated among Owners according to each Owner's percentage undivided interest in Common Elements pertaining to their Primary Units, ignoring Parking Unit interests; assessed monthly unless Bylaws provide (Section 7.1)

Special assessments

Assessed common expenses include reserve assessments and any other special assessments (Section 7.3)

Collections & liens

Association has a lien on a Unit for unpaid common expenses and may foreclose; Board may declare remaining fiscal-year installments immediately due and may terminate utility services and access to recreational/service facilities until asses (Section 7.3)

Reserves & fees

Reserve assessments are levied pursuant to Bylaws Section 5.2 (Section 7.1)

Leasing & rentals

Declaration and Bylaws impose no restrictions on alienation of Primary Units (Section 12)

Parking & vehicles

56 Parking Units designated P1-P56; P1-P44 in exterior parking lot; P45-P50 in daylight basement of Building 6; P51-P56 in daylight basement of Building 7 (Section 4.2)

Fences

Fences are Improvements and require ARC approval (College Park Section 1.4 includes "fence)

Architectural approval

College Park: no Improvement may be erected, placed, altered, maintained or permitted to remain until final plans are approved in writing by Architectural Review Committee (College Park Article 4.1)

Signs & flags

Signs are Improvements and require ARC approval; erection of radio, television, telephone or wireless transmission facilities is prohibited (College Park Section 1.4 and Article 3.5)

Maintenance

Roofs are General Common Elements (Section 5.2)

Use restrictions

Primary Units are intended for residential use as described in Bylaws Section 7.2 (Section 9)

Voting & meetings

One vote per Primary Unit; no votes allocated to Parking Units (Section 8)

Amendments

College Park Declaration may be terminated, extended, modified or amended as to whole or part with written consent of Owners of at least 75% of land area (excluding dedicated streets); Declarant approval required while Declarant owns any pr (College Park Articles 5.1-5.3)

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