Verde Meadows

Key facts from Verde Meadows's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community under Oregon Planned Community Act (Recitals: ORS 94.550 to 94.783)

Units / lots

Lots 1 through 28 of the plat of the Initial Development, except Lots 5 and 11 initially (Section 3.1(a) and Recitals)

Developer / declarant

INGREENIOUS, INC.

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.783 (Recitals)

Special assessments

Allowed for capital improvements or unexpected repair; if exceeds 15% of budgeted gross expenses in a fiscal year, must be approved by majority of voting rights plus Class B consent (if any). Prior to turnover, also requires 50% Class A app (Section 10.5)

Collections & liens

Assessments are a continuing lien on the Lot and personal obligation of Owner; enforceable as set forth in Article 11 (Section 10.12 and Article 11)

Reserves & fees

Required for replacement of common properties with useful life 3-30 years; funded by annual assessments; reserve study conducted annually (Section 10.11)

Pets

Reasonable number of household pets allowed, not kept for commercial purposes (Section 6.4)

Home business

Prohibited except personal professional activities not observable outside the Living Unit and not violating city ordinances; Board may approve if only normal residential activities observable. (Section 6.2)

Signs & flags

One 'For Sale' or 'For Rent' sign per lot, not exceeding 24x36 inches; two signs allowed during initial construction; political signs allowed subject to reasonable ARC regulations on size and duration. (Section 6.8)

Setbacks / home size

Living unit exclusive of garage shall contain a minimum of 1,400 square feet (Section 6.1)

Use restrictions

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

Voting & meetings

Class A: one vote per Lot owned (except Declarant). Class B (Declarant): three votes per Lot owned. Class B converts to Class A when 90% of lots in final phase sold or Declarant elects. (Section 8.3)

Amendments

Article 13 provides for amendment (exact vote threshold not fully shown but implied to be by majority/ supermajority); City of Forest Grove approval required for certain changes (e.g., dissolution, alienation of Common Areas) (Article 13 (listed in table of contents))

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