River Vale Owners Association

Key facts from River Vale Owners Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Owners Association, nonprofit corporation) (Section 1.6, Article 8)

Legal name

River Vale Owners Association (Section 3.1(b) and Article 8)

Developer / declarant

River Vale Limited Partnership (Declarant (preambles and Section 1.13))

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.783 (Recital B)

Special assessments

Allowed; requires approval of Owners (at least 2/3 of voting rights or as in Bylaws) unless for emergency (Section 10.5)

Reserves & fees

Required – Section 10.11 Reserve Fund for major repairs and replacements (Section 10.11)

Pets

Ordinary household pets (reasonable number), not for commercial purposes (Section 6.5)

Leasing & rentals

Yes, but minimum lease term of 30 days; no short-term rentals (Section 6.3)

Home business

Limited home occupations allowed to extent permitted by local jurisdiction, with Board approval (Section 6.2)

Signs & flags

One "For Sale" sign up to 24"x36" temporary; "For Rent/Lease" prohibited; political signs allowed subject to ARC regulations (Section 6.11)

Use restrictions

Lots may only be used for residential purposes (Section 6.2)

Voting & meetings

Two classes: Class B (Declarant) with weighted vote; Class A (other Owners). After Turnover Meeting Class B ends. Each Lot likely one vote per Class A member. (Section 8.3 (implied), Section 8.6 Votin)

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