Farmington Reserve Homeowners Association

Key facts from Farmington Reserve Homeowners Association's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class I planned community as defined in the Oregon Planned Community Act (Section 2.3: 'The Property shall be a Cl)

Legal name

Farmington Reserve Homeowners Association

Developer / declarant

BDC/Farmington Reserve, LLC

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) and Oregon Nonprofit Corporation Act (ORS 65.001 to 65.990) (Definitions 1.24 and 1.21; Section 3.4.2)

Assessments & dues

Regular Assessments allocated equally among all Lots subject to assessment (not levied on Declarant-owned Lots) (Section 5.2.3: 'allocated equally among )

Reserves & fees

Yes; maintained for major maintenance, repair, replacement of Common Maintenance Areas; funded by Reserve Assessments; kept separate from other funds (Section 6.1)

Home business

Permitted subject to: (a) applicable laws; (b) no impact on other Owners; (c) not visible from outside Home; Board has sole discretion to determine compliance (Section 9.3)

Use restrictions

Yes; no Lot used except for residential purposes; home occupations permitted with restrictions (Section 9.3)

Voting & meetings

Class A Members: 1 vote per Lot; Class B Member (Declarant): 3 votes per Lot until conversion (Section 3.3.1 and 3.3.2)

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