Sagewood Owners Association, Inc.

Key facts from Sagewood Owners Association, Inc.'s documents

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

Community type

Homeowners Association (nonprofit corporation named SageWood Owners Association) (Section 1.2, 8.1)

Developer / declarant

Allen — Rose Homes, L.L.C., an Oregon limited liability corporation (First paragraph)

Governing law

Oregon Planned Community Act (Section 8.4(c))

Assessments & dues

Not fixed; determined annually by Board of Directors via operating budget. (Section 10.4)

Special assessments

Allowed; if aggregate exceeds 20% of budgeted gross expenses in a fiscal year, must be approved by majority of voting rights. (Section 10.5)

Collections & liens

Unpaid assessments become a lien on Lot, enforceable under ORS Chapter 88. Lien may be foreclosed; Association may bid at sale. (Section 11.4(b))

Reserves & fees

Required for replacement of items with 3-30 year life; funded by assessments; kept separate from Operations Fund. (Section 10.9)

Pets

Dogs, cats, and other common household pets allowed, not for commercial purposes, not a nuisance. (Section 7.17)

Leasing & rentals

Yes, when Owner not in occupancy. Rental period not less than one month. (Section 7.24)

Architectural approval

Design Review Committee approval required for all Improvements (except Lots owned by Title Holder or Declarant). (Section 6.1)

Home business

Permitted if only normal residential activities observable outside and not in violation of ordinances. (Section 7.2)

Signs & flags

Only one 'for sale' or 'for rent' sign per Lot, max 4 sq ft. Other signs require Design Review Committee approval. (Section 7.31)

Setbacks / home size

In accordance with City of Bend zoning and use regulations and as shown on plat. (Sections 7.18, 7.28)

Use restrictions

All Lots shall be used for residential purposes only. No retail or industrial use. (Section 7.2)

Voting & meetings

One voting unit per Lot. Class A: all Owners except Declarant, one vote per Lot. Class B: Declarant, three voting units per Lot owned. Class B ceases when 95% of lots sold to non-declarant or Declarant elects. (Section 8.3)

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