Sunset Ridge No. 2 Homeowners Association

Key facts from Sunset Ridge No. 2 Homeowners Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class I planned community under Oregon Planned Community Act (Section 2.3)

Legal name

Sunset Ridge Homeowners Association (Section 1.4; Section 3.1)

Units / lots

104 (Lots 1 through 104 inclusive, plus potential annexation) (Section 1.17: 'Lot means each of Lots 1 )

Developer / declarant

Polygon at Sunset Ridge, L.L.C., a Washington limited liability company (First paragraph of Declaration; Section )

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) (Section 1.21)

Special assessments

Allowed for deficiencies or capital improvements; prior to Turnover Meeting, capital improvements special assessment requires approval by Owners holding at least 50% of total voting power (1 vote per Lot, ignoring Declarant's extra votes). (Section 5.3; Section 14.1.8)

Collections & liens

Assessments are a continuing lien on the Lot; enforcement under ORS 94.709-94.719. Lien subordinate to first mortgage. Sale or transfer under foreclosure extinguishes pre-existing assessment liens but not personal obligation. (Section 5.1; Section 16.2.1; Section 16.)

Reserves & fees

Late charge allowed for each delinquent Assessment, amount established by Board resolution. (Section 16.2.3; Section 16.5)

Setbacks / home size

Ground floor area of each Home, exclusive of one-story open porches, garages, carports, not less than required by applicable building code. (Section 12.3)

Use restrictions

Each Lot used only for residential purposes; only one detached single-family dwelling and a private garage or carport permitted (except accessory buildings as approved). (Section 8.2; Section 8.3)

Voting & meetings

Two classes: Class A (Owners other than Declarant) 1 vote per Lot; Class B (Declarant) 3 votes per Lot owned. Class B converts to Class A upon earlier of: all Lots conveyed to non-Declarant, 10 years after first conveyance, or Declarant ele (Section 3.3.1, 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.