River Terrace Northwest Homeowners Association

Key facts from River Terrace Northwest Homeowners Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (planned community, not condominium) (Section 2.3: 'Class 1 planned community')

Developer / declarant

William Lyon Homes, Inc., a California corporation (original Declarant), ADLV Land Holdings LLC (original co-declarant in CC&Rs), Polygon WLH LLC (partial assignee in 2019 annexation) (Preamble to CC&Rs, Preamble to 2019 Decl)

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) and Oregon Nonprofit Corporation Act (ORS 65.001 to 65.990) (Section 1.26 and Section 1.22)

Leasing & rentals

Yes, but minimum lease term of 6 months; no hotel or transient rentals (including Airbnb, VRBO, etc.) (Section 8.3)

Fences

Must comply with governmental vision clearance and height restrictions; design must be approved by ARC; encouraged to use same or similar material as existing fencing (Section 8.8)

Architectural approval

Yes, ARC approval required for construction, alteration, or improvement to any Lot or Improvement; ARC formed pursuant to Section 12 (Section 12 (referenced); Section 8.4, 8.)

Voting & meetings

Two classes: Class A (one vote per Lot for all Owners except Declarant/ADLV); Class B (Declarant and ADLV Land Holdings, three votes per Lot). Class B converts to Class A upon occurrence of certain events. (Section 3.3)

Amendments

Amendment permitted as set forth in Sections 19.2 and 19.3 of CC&Rs (not fully provided); annexation amendments allowed similarly; Declarant and Polygon may modify prior to first sale of an annexation lot (Section 7 of 2019 annexation; Section 4 )

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