Park Somerset Homeowners Association

Key facts from Park Somerset Homeowners Association's documents

Reflects the 1977 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class III Planned Community as defined by ORS 94.550 (First Amendment, Article II, Section 2)

Legal name

Park Somerset Homeowners Association

Developer / declarant

N-3 Corporation, an Oregon corporation (Original document opening: 'KNOW ALL MEN)

Governing law

ORS 94.550 (Oregon Planned Community Act); ORS 93.270; Oregon Nonprofit Corporations Act (First Amendment, Article II, Section 2 ()

Assessments & dues

Initial assessment determined by Board; no fixed amount stated (First Amendment, Article II, Section 14:)

Special assessments

Permitted for operating deficit (majority Board vote), owner breach (majority Board vote), and reimbursement assessments after notice and hearing (First Amendment, Article II, Section 20)

Collections & liens

Association has automatic lien for delinquent assessments, superior to all except property taxes and first mortgage; may foreclose per Oregon Planned Community Act after recording notice (First Amendment, Article II, Section 22()

Reserves & fees

May be imposed by Board at its discretion, communicated to owners 30 days before effective date (First Amendment, Article II, Section 22()

Pets

Reasonable number of household pets and horses allowed; pets not for commercial purposes and not a nuisance (Original Article I, Section 2(b))

Parking & vehicles

Permanent parking or storage of trailers, truck campers, boats, boat trailers, snowmobiles, off-road vehicles prohibited without written ACC consent (Original Article I, Section 2(a))

Signs & flags

Only one sign allowed: 10" x 24" natural wood with black lettering stating occupant name and/or lot and address. Only signs provided by Committee to advertise sale. (Original Article II, Section 7)

Use restrictions

Only single family dwelling for private use may be constructed; no mobile homes or trailers as residences (Original Article II, Section 4)

Voting & meetings

One vote per Lot; fractional voting prohibited (First Amendment, Article II, Section 6: )

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