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HomeMy WebLinkAboutDaisy Creek Village - CC&RsJackson County OfflciBl Records 204.062592 R-Bl Cn~=1 Sin=4 SHAwOJ 10!28/2004 11 :67:27 AM $10500 $5 DOS1t00 TOtdl:$121.00 IIIIII III I IIIIII IIIIII IIIIgIIIIIIIIIIIIIIIIII 01097d45200400825820210212 I, H~IM~cnS BcCNCIt,County CM1rh for Jr<NCOn Cou~ly, Or~pan. ccrlHy th~l IM IMltumcM IdlntM~d Mrtln w1~ ncerdcd In lhr C11M rreord~ BYLAWS KathleenS Beckett-CounlyClerk OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. ARTICLE 1 NAME, APPLICABILITY AND DEF/N/TIONS- 1.1. NAME. The name of the nonprofit corporation is: DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. 1.2. aYLAws APPL1cA61LITY. These Bylaws are applicable fo the Daisy Creek Village Homeowners'Association ("Association') andits entire managementstrvcture. The real property is described on Exhibit 'A"which is attached and incorporated as if fully set forth herein. The property has been submitted to the provisions of the Oregon Planned Community Act, ORS 94.550 through ORS 94.783. 1.3. PERSONAL APPLICATION. All present or future Owners, tenants, occupants, future tenants or theiremployees, orany other person or entity that might use the facilities in any manner, are subject to the conditions, regulations and provisions set forth in these Bylaws. 1.4. DEFINIT1oNS. The terms herein shall have the same meaning as set forth Article 1 of the Declaration of Covenants, Conditions and Restrictions. The acquisition, occupancy or rental of any of the property or the mere act of occupancy of any of the property shall constitute acceptance and ratification of these Bylaws and agreement to comply wilh all (he provisions hereof. ARTICLE 2 ASSOCIATION MEMBERSHIP, VOTING, MAJORITY OF OWNERS, QUORUM, PROXIES 2.1. MEMBERSHIP IN THE ASSOCIATION. Upon recordation of a conveyance or contract to convey a Lot, the grantee or purchaser named in suc17 conveyance or contract shall automatically be a member of the Association, and shall remain a member of said Association until such time as such person's ownership ceases for any reason. For all purposes of the Declaration and the administration of the property, Lot ownership shall be determined from the records maintained by the Association. The record shall be established by the Owner filing with the Association a copy of the deed fo or land sale contract for his or her Lof, to which shall be affixed the certificate of the recording o(ircer of the County of Jackson, Oregon, showing the date and place of recording of such deed or contract. No person shall be recognized as an Owner unless a copy of the deed or contract has been filed with the Association as provided above showing him or her to be the current Owner or contract purchaser of a Lot. Notwithstanding the foregoing, the Declarant shall be the Owner of all previously unsold Lots, although no deed or land sale contract, with respect to such lots, has been /fled with the Association. PAGE 1 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOClA T/ON, INC. 2.2. VOTING RIGHTS. The Association shall have two (2) classes of voting members: 2.2.1 CLASS A. Class A members shall be all Owners of Lots other than the Declarant, and each Class A member shall be entitled to one (l) vote for each Lot owned with respect to alt matters upon which Owners are entitled to vote. 2.2.2 CLASS B. The Class 8 member shat! be the Declarant, its successors and assigns. The Class 8 member shall have three (3) votes for each Lot owned. Provided, however, that all Class 8 memberships shall cease upon the earlierof a date frve (5) years from the recording of the Declaration or the conveyance by the Declarant of Lots representing seventy-five percent (75%) of the total numbero/votes ("Termination Date'J. Thereafter, each Owner (including, without limifafion, the Declarant) shall be entitled to one (I) vote for each Lof owned with respect to all matters upon which owners are entitled to vote, and the total number of votes shall be equal to the total number of Lots annexed to the Property and subject fo these Bylaws. When more than one (1) person or entity owns a Lot, the vote for such Lot maybe cast as they shall determine, but in no event will fractional voting be allowed. Fracfionalized or split votes shall be disregarded, except forpurposes ofdetermining a quorum. The total number of votes as of the Termination Date and thereafter shall be equal to the total number of Lots annexed to the Property and subjected to these Bylaws as of the Termination Date. 2.3. MAJORITY OF OWNERS. As used in these Bylaws, the term "Majority" shalt mean those Owners holding over fifty percent (50%) of the voting rights allocated to the Owners in~accordance with the Declaration and Section 2.2 above. "Majority of Owners~~ present" salt mean;Owners holding over fifty percent (50%) of the votes present at any" s legal'fnee ing.~' 2.4. uoRUM. Except as otherwise provided in these Bylaws, the presence in person orby proxy of Owners holding forty percent (40%) ormore ofthe outstanding votes in the Association, as defined in Section 2.2, shall constitute a quorum. A legal meeting is one duly called pursuant to these Bylaws where a quorum is present in person or by proxy at a format gathering, or if a vote is taken by written ballots, when ballots are refumed representing more than forty percent (40%) of the vote. 2.5. PLACE OF MEETINGS. Formal meetings of the Association shall be held of the al office of Daisy Creek Viilage or such other suitable place convenient to the s as may be designated by the Board of Directors. Any vote taken bV written ballot TURNOVER MEETING. The Declarant shat! call a meeting for the purpose of (~ f'L if `' er administrative control of the Association from the Declarant to the Class A within one hundred twenty (120) days of the earlier of.• (a) A date Foe (5) years from the date this Declaration is recorded; or (b) The date that Lots representing seventy-five percent (75%) of the total number of votes have been conveyed to persons other than the Declarant. The Declarant shalt give notice of the meeting to each Owner as provided in the Bylaws. if the Declarant does not call the meeting required under this section, any Owner may do so. PAGE 2 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. At the turnover meeting the Declarant shall relinquish control of the administration ~, of the Association and the Owners shall assume such control and the Owners shall elect a board of directors in accordance with the provisions of Article 3 of these Bylaws. Additionally, the Declarant shall deliver to the Association those items specified in the Oregon Planned Community Act to be turned over by the Declarant at the fumover meeting. 2.7. TRANSITIONAL ADVISORYCOMMITTEE. The Declarant shall form a Transitional Advisory Commrttee to provide forthe transition of administrative control of the Association from the Declarant to the Class A members. Not later than the sixtieth (60th) day after the Declarant has conveyed Lots representing fifty percent (50%) of all voles in the Project, the Declarant shag call a meeting of Owners for the purpose of selecting a Transitional Advisory Committee. The committee shall consist of three (3) members. The Class A members shall, by majority vote, elect two (2) members, and the Declarant shall elect one (!) member. The committee shall have reasonable access to such information and documents as the Declarant is required by law to make available. !f the Declarant fails to call the meeting required under this section, any Owner may do so. The function of the transitional committee shalt be fo facilitate transition from control of the administration of the Association by the Declarant fo control by the Owners. The committee shalt have access to the information, documents and records which the Declarant must tum over to the Owners under the Oregon Planned Community Act. The Declarant shall give notice of the meeting required under this Section 2.7 to each Owner at least seven (7), but not more than fifty (5D) days prior to the meeting. The notice shall state the purpose of the meeting and the time and place where it is to be held. If such meeting is not called by the Declarant within the time specified, the meeting may be called and notice given by a Owner. If the Owners, other than the Declarant, do not select members for the committee under this Section 2.7, the Declarant shall have no further responsibility fo form the committee. 2.8. ANNUaL MEETINGS. The hrst annual meeting of the Association shall beheld in the calendar year following the calendar year in which the fumover meeting is held and shall be set by action of the Board of Directors. The date for this meeting, at the discretion of the Board of Directors, maybe changed from time to time, but must be held annually under the rules and regulations as set out in the Bylaws. At such meetings, new members of the Board of Directors shall be elected by the Owners in accordance with the requirements of Section 3.9 of these Bylaws, fo replace (hose directors whose terms have expired. The Owners may also transact such other business of the Association as may properly come before them. 2.9. SPECIAL MEET/NGS. It Shalt he the duty of Ihn Prnciiionl ~~ ,.~^ .. ........:..~ Secretary: ~A`I! meetings called because of petition of Owners shall be held of a format gathering and not by ballot, and shall be held within sixty (60) days after receipt of the petition. The notice of any special meeting shall state the time and place ofsuch meeting and the purpose thereof No business shalt be transacted of a special meeting except as stated in the notice unless by consent of all the Owners of the Lots oras otherwise set out in these Bylaws. 2.10. NOTICE OF MEETINGS. If shall be the duty Of the Secretary f0 mail a notice of each annual, special or meeting by ballot, stating the purpose thereof and the time and me maurng shall be to the Owner's address last given the Owner or his or her vendee. If Lot ownership is split or the Lot PAGE 3 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. has been sold on a contract, notice shall be sent to a single address of which the Secretary has been notified in writing by such parties. If no address has been given the Secretary in writing, then mailing fo the Lof address in Daisy Creek Village shall be sufficient. The mailing of a notice in the manner provided in this Section shall be considered notice legally served. 2.i1. ADJOURNED MEETINGS. !f any gathering of Owners is not a legal meeting because a quorum teas not attended, the Owners who are present, either in person orby proxy, may adjourn the meeting to a time not less than forty-eight (48) hours nor more then ten (10) days from the time the original meeting was called. The adjournment provisions of this Section do not apply to meetings by ballot. z.~2. ORDER OF BUSINESS. The order of business of all meetings shall be as follows: (a) Roll call. (b) Proof of Notice of meeting or waiver of notice. (c) Reading of minutes of the preceding meeting. (d) Reports ofofficers. (e) Reports of committees. (f) Election of inspectors of election. (g) Election of directors. (h) Unfinished business. (iJ New business. ARTICLE 3 BOARD OF DIRECTORS 3.9. e coowner of a Lof. Air officer or employee of a corporation, or the trustee of a trust, or persona! representative of an estate, or an employee of the trust or estate may serve on the Board of Directors, if the corporation, trust or estate owns a Lot. 3.2. PowERS AND DurlES. The Board of Directors shaft have the powers and duties necessary for the administration of the affairs of the Association and may do a!1 such acts and things as are not by law or by these Bylaws directed fo be exercised and done by the Owners. 3.3. OTHER DUTIES. In addition to duties imposed by these Bylaws or by resolutions of the Association, the Board of Directors shall have authority fo cony out and be responsible for the following matters: 3.3.1 Care, upkeep and supervision of the Common Property. 3.3.2 Establishment and maintenance ofreplacement reserve accounts and other reserves which are required to be maintained by the Oregon Planned Community Act, the Declaration or these Bylaws and such other reserve accounts as are permitted by these Bylaws. 3.3.3 Designation and collection of monthly assessments from the Owners, in accordance with these Bylaws, the Declaration and the Oregon Planned Community Act. 3.3.4 Establishment of a budget and payment of all common expenses of the Association and institution and maintenance ofa vouchersystem forsuch payment, which shall require a suffrcient number of signatories thereon as may be reasonably necessary to prevent any misuse of Association funds. PAGE 4 -BYLAWS OF DA1SY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. 3.3.5 Obtaining and maintaining insurance policies and payment of premiums therefor out of the common expense funds in respect to both the Common Property and Living Units as more specificapy provided in Article 7 of these Bylaws. 3.3.6 Designation and dismissal of the personnel necessary for the maintenance and operation of the Project. 3.3.7 Causing the preparation and distribution o/annual financial statements offhe Association to each of the Owners as more specifically provided in section 3.6. 3.3.8 Adoption and amendment ofadministrative rules and regulations governing the details of operation and use of the Common Property. Provided, however, any such rules orregulations shall always be subject to rescission oramendmentby the Association upon majority vote of Owners present at any property called meeting. 3.3.9 Causing the Association to comply with the Oregon Planned Community Act relating fo maintenance of documents delivered to the Association by the Declarant and maintenance and distribution of financial statements. Also to maintain copies suitable for duplication offhe following. Declaration, Bylaws, Association rules and regulations and any amendments thereto, the most recent annual frnancial statement and the currenfoperafing budget of the Association. 3.4. LIMITED AUTHORITY. The Board of Directors shall be prohibited from taking any of the following actions: except with the vote or written assent of a majority of the voting power offhe owners other than the Declarant. 3.4.1 Entering info a contract with a third party wherein the third person will /umish goods or services for the common area or the Association for a term longer than one year with the following exceptions: (a) Management contract, the tem-s of which have been approved by the Federal Housing Administration or Veterans Administration. {b) A contract with a public utility company if tf~e rates charged for the materials or services are regulated by the Public Utilities Commission provided, however, that the term of the contract shall not exceed the shortest term /or which the supplier will contract at the regulated rate. (c) Prepaid casualty and/or liability insurance policies of not to exceed three years duration provided that the policy perrnits short rate cancellation by the insured. (d) Lease agreements forlaundry room fixtures and equipment of not to exceed /ive years duration provided that the lessor under the agreement is not an entity in which the Declarant has a direct or indirect ownership interest of fen percent (10%) or more. (e) Agreements iorcable television services and equipment orsatellite television services and equipment of not to exceed five years duration provided that the supplier is not an entity in which the Declarant has a direct or indirect ownership interest of ten percent (10%) or more. (r) Agreements for sale or lease of burglar alarm and fire alarm equipment, installation and services of not to exceed five years duration provided that the supplier or suppliers are not entities in which the Declarant has a direct or indirect ownership interest often percent (10%) or more. i PAGE 5 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. 3.4.2 Incurring aggregate expenditures for capital improvements to the common area of any fiscal year in excess of five percent (5%) of the budgeted gross expenses of fhe Association for that fiscal year. 3.4.3 Selling durirrganyfiscalyearpropertyoftheAssociationhavinganaggregate fair market value greater than Tive percent (5%) of the budgeted gross expenses of the Association for that fiscal year. 3.4.4 Paying compensation to members of the Board of Directors or to officers of the Association for services performed in fhe conduct of the Association's business provided, however, that the Board of Directors may cause a member or officer to be reimbursed for expenses incurred in carrying on the business of the Association. 3.5 INCOME TAX RETURNS ~ DETERMINATION OF FISCAL YEAR. 3.5.1 The fiscal yearof theAssociation shalt be fhe calendar year unless otherwise determined by the Board of Directors. 3.5.2 The Board of Directors, in its sole discretion, shall determine the manner in which all necessary income tax returns are /fled and of selecting any and all persons to prepare such tax returns. 3.6 9UDGETS AND FINANCIAL STATEMENTS. 3.6.1 The following (<nancial and related information shall be regularly prepared and distributed by the Board of Directors to all members of the Association: (a) A pro forma operating budget /or the immediately ensuing fiscal year consisting of at (east the following information shall be distributed not;a than 45 days ahd not more than 60 days prior to the beginning of the fiscal year. ' (1) Estimated revenue and expense on an accrual basis. (2) The amount of the total cash reserves of the Association currently avai/able `rr for replacement or major repair of common facilities and for contingencies. (3) An estimate of the current replacement costs of, and the estimated remaining Tile of, and fhe methods of funding used to defray the future repair, replacement or additions fo, those major components of the common areas and facilities which the Association is obligated to maintain. (4) A general statemerrtsetting forth fhe procedures used by the governing body in Lire calculation and establishment of reserves to defray the costs of repair, replacement or additions to major components of the common areas and facilities for which the Association is responsible. (b) A balance sheet as of an accounting date which is the last day of the month closest in time to six months from the date of closing of the first sale of an interest in Daisy Creek Village and an operating statement for the period from the date of the first closing to the said accounting date, shaft be distributed within 60days a(terthe accountingdate. This operatingstafement shalt include a schedule of assessments received and receivable identified by the number of the subdivision interest and fhe name of the entity assessed. PAGE 6 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. (c) A report consisting of the following shall be distributed within 120 days after' the close oithe ltsca/ year (1) A balance sheet as of (he end of the fiscal year. (2) An operating (income) statement for the fiscal year. (3) A statement of changes in financial position for the fiscal yf?ar. (4) For any fiscal year in which the gross income fo the Association exceeds $75, 000, a copy of the review of the annual report prepared in accordance with generally accepted accounting principals by a certified public accountant licensed by the State of Oregon. The written notice that is distributed to each of the Association members .t 10-point bold type on the front page of the summary of the statements. i' (a) Cause a current reconciliation of the Association's operating accounts to be made and review the same. (b) Cause a current reconciliation of the Association's reserve accounts to be made and review the same. (c) Review the current year's actual reserve revenues and expenses compared to the current year's budget. (d) Review the most current account statements prepared by the financial institution where the Association has its operating and reserve accounts. (e) Review an income and expense statement for the Association's operating and reserve accounts. (~ The''failure of the Board of Directors to timely prepare and/or to present a " budget to the Owners shall not be cause (or any Owner to fail or refuse to pay;assessments. Assessmenlsshall continue, based upon the last adopted PAGE 7 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. 3.6.3 In lieu of the distribution of the pro forma operating budget required by Section 3.6.1, the Board of Directors may elect fo distribute a summary of the items described in Section 3.6.1 to all members of the Association with a written notice that the budget is available at the business of(ce of the Association or at another suitable location and that copies will be provided upon request and of the expense of the Association. If any member requests copies of the pro forma operating budget including the items described in Section 3.6.1 to be mailed fo the member the A.ccn~iaf;nn ahaH ii~Nsv,.4n':cn7.1, ,.,..,:,,.. 3.6.5 The Board of Directors shall do the following not less frequently than quarterly: or accepted budge(~e until a new budget is created and announced. Retroactive increases and/or special assessments may be made by the Board of Directors to make up for any deficiency. (gJ In the event the Board of Directors fails fo timely adopt a budget for a new fiscal year, Owners holding a majority of the votes of the entire Association, at any general or specially called meeting, may adopt. such a budget, announce it to the Owners and immediately commence assessments based on the newly adopted budget. Additionally, of any genera! orspecially called meeting, Owners holding a majority of the votes o/ the entire Association may amend any budget adopted by the Board of Directors. Thereafter, assessments fo Owners shall be based on the budget as so amended until a new budget is adopted. `r-' 3.7. MANAGEMENT AGENT. The Board of Directors may employ a management agent, to be compensated in an amount established by the Board, to perform such duties and services as the Board shall authorize, including, but not limited to, the duties listed in Section 3.3. 3.8. 1NTER/MBOARDANDOFFICERS. The Dectarantherebyreservesadministrative control of the Association for a period not fo exceed that allowed by the Oregon Planned Community Act. The Declarant, in his orhersole discretion, shall have the right to appoint and remove members ofan Interim Board olDirectors and interim officers. Notwithstanding the provisions of this Section, at the Turnover Meeting at least one (1J Director shall be elected by Owners other than the Declarant, even i( the Declarant otherwise has voting power to elect all three (3) Directors. one { ~/ urrectorar~s~a1l be~ixed at ohe (q t'eal'. Should more Di~ecfors be added, the same sequential election terms shall apply as nearly as is practicable. At the expiration of the initial Perm of office of each respective Director, his or her successor shall be elected to serve a term of two (2J years. The Directors shall hold office until their successors have been elected and hold theirfirsf meeting. At the turnovermeefing, upon agreement by vote of the Owners, the Board of Directors maybe elected by a sinole hallnt wilh Pa~h nwnor 3.10. mougn rney may corrsptute less than a quorum; sand each person so elected shall be a Director until a successoris elected upon expiration ofthe term for which such person was elected by the other Directors to serve. 3.11. REMOVat of DIRECTORS. At any legal annual or specia/meeting, other than a meeting by ballot, any one or more of the Directors may be removed with or without cause, by a majority vote of the total voting power of the Owners and a successormay be then and there elected to fill the vacancy thus created. Provided however, the notice of meeting shall specifically indicate that the removal of one or more named directors is an agenda item for such meefino: Anv Director whose rAmnval hac hoan nrnnneoA fiv Ihn PAGE 8 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. Directors meetings during a twelve (12) month period which have been properly called, maybe removed by a majority of the remaining Drrectors. of a newly elected Board of the newly a/ecfed Directors are present. 3.13. REGULARMEETINGS.Regularmeefingso(theBoardofDirectorsmaybeheld at such time and place as shall be determined, from time to time, by a majority of the Directors. Notice of regular meetings of the Board of Directors may be called by the President on three (3) days notice to each Director, given personally orbymail, telephone or telegraph, which notice shalt state the time, place (as hereinabove provided) and purpose of the meeting. 3.14. SPECIAL MEETINGS. Special meetings offhe Board of Directors maybe called by the President or Secretary oron the written request ofat least one (1) Directors. Special meetings of the Board o/Directors may be called on three (3) days' notice to each Director, given personallyorbymail, telephone or telegraph, which noticeshal/statethetime, place (as hereinabove provided) and purpose of the meeting. 3.15. WAIVEROFNOTlCETOD/RECTORS.BefOn=,atorafteranymeetingoffhe8oard of Directors, any Director may, in writing, waive notice of such meeting and such waiver shall be deemed equivalent to the giving o/such notice. Attendance by a Director at any meeting of the Board shall be a waiver of notice by him or her of the time and place thereof. If al! the Directors are present at any meeting of the Board, no notice to Directors shall be required and any business maybe transacted of such meeting. 3.16. BOARD OF DIRECTORS' QUORUM. At al! meetings of the Board of Directors, a majority of the existing Directors shat) constitute a quorum for the transaction of business, and the acts of the majority of the Directors shall be the acts of the Board of Directors. If at any meeting of the Board of Directors there be less than a quorum present, the majority of those present may adjourn the meeting from time fo time. At any such adjourned meeting, any business which might have been transacted at the meeting as originally `r called maybe transacted without further notice. 3.17. BOARD OF.DIRECTORS MEETINGS OPEN TO ALL ASSOCIAT/0N MEMBERS. AI! mee.,(ngs of the Board of Directors shalt be open to any and all members of the Association. Provided, however, no Association member shall have a right to participate in the Board of Directors rrreetings unless such memberis also a member of the Board of Directors. Tiie President shall have authority to exclude any Association member who disrupts the proceedings at a meeting of the Board of Directors. 3.18. NOTICE TO ASSOCIATION MEMBERS OF BOARD OF DIRECTORS MEETINGS. For other than emergency meetings, notice of Board of Directors meetings shalt be posted at a place on the Common Property at least three (3) days prior to the meeting or notice sitafl otherwise be provided to each memberof the Association reasonably calculated fo infomr each member of such meetings. The posting o/ such notices shall be at a reasonable location which has been generally publicized to the Owners. 3.1s. TELEPHONIC MEETINGS. In the event of an emergency, telephonic meetings may be held by the Board of Directors. Such telephonic meetings shall be carried on by means of a "conference call" in which each Director may speak with any of the other Directors. The Directors shall keep telephone numbers on fife with the President to be used for telephonic meetings. No notice to either Directors or Association members shall be required for a telephonic meeting of the Board of Directors fo be held for any emergency PAGE 9 • BYLA WS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. action.Provided,however, no such telephonicmeetingshalloccurunlessatleastseventy- five percent (75%) of the Board of Directors participate in the same and after an attempt has been made to call each Director of the telephone number maintained on file with the Board of Directors for such purpose, manner, ex ceptfo pout of-pocket ex1 Rense~Runless~uchtcomhenl cation s penroved bn vote of the Owners. p p APP Y ARTICLE 4 OFFICERS 4.1. DESIGNAnON. The principal officers of the Association shall be a President, a Secretary and a Treasurer; all of whom shall be elected by the Directors. „The Directors mayappoint an assistant treasurerand an assistant secretary, and any such otherofficers as in their judgment maybe necessary. 4.2. ELECTION OFOFFICERS. The officers o(the Association maybe elected by the Board of Directors at the organizational meeting of each new board or any board meeting thereafter, and shall hold office at the pleasure of the board. 4.3. REMOVAL OFOFFICERS. Upon an afTrmative vote ofa ma%ority of the members of the Board of Directors, any officer maybe removed, either with or without cause, and Iris or her successor elected at any regular or special meeting of the Board of Directors. a.4. PRESIDENT. The President shall be the chief executive officer of the Association. The President shat! preside at all meetings of the Association and o/the Board o/ Directors. The President shall have all of the general powers and duties which are usually vested in the office of president of an association, including, but not limited to, the power to appoint committees from among the Owners from time to time as he orshe may in his or her discretion decide is appropriate to assist in the conduct of the affairs o/the Association. 4.5. SECRETARY. The Secretary shall keep the minutes of all meetings o/ the Board of Directors and the minutes of all meetings of the Association; he orshe shall have charge of such books and papers as the Board of Directors may direct; and he orshe shall, in general, perform all the duties incident of the office of Secretary. 4.6. TREASURER. The Treasurershall have responsibilifyforAssociationfunds and securities not otherwise held by the managing agent, and shalt be responsible for keeping full and accurate accounts of all receipts and disbursements in books belonging to the Association. He orshe shat/be responsible forfhe deposit ofall monies and other valuable effects in the name, and to the credit, of the Association in such depositories as may from time to time be designated by the Board of Directors. 4.7. DIRECTORS AS OFFICERS. Any DlreCtOr may be an offCer o(fhe ASSOCIaflon. ART/CLE 5 OBLIGATIONS OF THE OWNERS 5.1. ASSESSMENTS. All Owners are obligated to pay assessments imposed by the Association to meet all the Association's general common expenses as more particu/ariy set forth in the Declaration. Assessments shall be payable on a periodic basis, not more frequently than monthly, as determined by the Board of Directors. All initial, general and special assessments shall be allocated equally among the Lofs, except that improved and PAGE 10 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. ' Q unimproved Lofs shall be assessed in different manners, as described in Section 8.2.2 of ~. the Declaration. kept it s an a count Mw th aFSaEe and Aespons'b eUdepositary,s hat! becaccounfedf foe separately and, if invested, the obligation or security shall be fully guaranteed as to principal by the United States ofAmerica orone ofits agencies. Assessments paid into the reserve accounts are the property o(the Association and are not refundbble to sellers of Lots. Provided, however, nothing herein shall prevent sellers of Lots from treating their outstanding allocable share of reserve accounts as a separate or reimbursable item in a sales agreement. No Owner shat! have any individual rights in any of these reserves, although it is understood that the value of theirrespecfive Lots may increase in proportion to each Lot's right to receive repair, maintenance and replacement there from. 5.3. INITIAL ASSESSMENT. The initial assessment to Owners shall be based on a budget determined by the Declarant. The monthly assessment shall thereafter be subject to review by the Board of Directors. The budget and lot assessments for all Lots shall be payable from the date the Declaration is recorded. 5.3.1 At the time of closing, each purchaser shall contribute a sum equal to three (3J times the monthly assessment as a one-time contribution to the budget of the Association, together with such sums as maybe required pursuant fo the Declaration and the sales agreement. In the event that the monthly assessments are reduced pursuant to the authority granted to the Declarant herein, the initial deposit to the Association budget equal to three (3J times the monthly assessment shall be based on the projected amount of such assessments after substantial or full occupancy of the Lots rather than on the reduced assessment. 5.3.2 !f the Declarant or any other person pays all or a portion of the operating expenses of the Association or subsidizes such expenses, the monthly assessment shall be reduced by such amount, but shall not be reduced to a sum less than the fota/amount of all insurance and al! replacement reserve items for Lots improved with substantially completed Living Units, and the liability insurance and Common Property Reserve items. In respect to Lots not yet conveyed by the Declarant, the Declarant may accrue the replacementreservettem§, but not the insurance reserve items. Af the time ofconveyance of the Lot for which the replacement reserve has been accrued, the accruedreserves must be paid to the Association. The Declarant, or such other person paying a!1 or a portion of the operating expenses orsubsidizing such expenses, shall give ten (70) days written notice to individual Owners prior fo the commencement of theirobligation to pay the full monthly assessment. Thereafter, each Owner, including the Declarant or such other person, shall pay the monthly assessments to the Association. In the event the Declarant has collected initial assessments from purchasers at closing and thereafter elects to pay or subsidize the operating expenses thereby causing the assessment to be reduced, the one time initial contribution collected from Lot purchasers shall be held by the Declarant in a separate Association account. On the date Owners are required to pay full monthly assessments, the aggregate sums held in such separate account shall be deposited to the Association's genera! account fo be used as worfcing capita/. 5.3.3 If the Association expenses are temporarily Less than projected by the Declarant because some or most of the Lots are not yet sold or occupied, the Declarant shall have the authority to temporarily reduce the monthly assessment to reflect the lower expenses of the project. 5.4. INITIAL ASSESSMENT OF LOTS SUBJECTED 1N THE FUTURE. The initial assessment forowners of Lots subjected to the Declaration subsequent to the submission PAGE f 1 • BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. ~' of Phase 7 to the Declaration shall be an amount equal to three (3) limes the monthly ~r assessment then in effect, plus a prorated portion of the assessment for the assessment installment period during which the Lots in such phases are annexed. Thereafter, the owners of such Lots shall be assessed directly by the Association. The initial assessment equal to Three (3) times the current monthly assessment shall be a one-time contribution of working capital to Daisy Creek Village. The total initial assessment of Lots subsequently subjected fo the Declaration shall be collected by the Declarant and flelivered to the Association within thirty (30) days from the time such Lots are annexed. Upon the annexation of additional Lots, the Board of Directors shalt promptly prepare a new budget reflecting the additional Lots and shall recompute any previous assessment covering any period after the annexation. 5.5. SPECIAL ASSESSMENTS. The Board of Directors shall have the power to levy special assessments against an owner or all owners in the fopowing manner for the /ollowing purposes: 5.5.1 To correct a deficit in the operating budget by vote of a majority of the Board; 5.5.2 To collect amounts due to the Association from an owner for breach of the owner's obligations under the Declaration, these Bylaws, or the Association's rules and regulations, by vole of a majority of the Board; 5.5.3 Upon vote of a majority of the Board of Directors, to make repairs or renovations to the common area or (hose portions of the buildings for which the Association has maintenance responsibility if sufficient refunds are not available from the operating budget or replacement reserve accounts; or 5.5.4 To make capital acquisitions, additions or improvements, by vote of at least seventy-five percent (75%) of all votes allocated fo Lots in the Planned Community. 5.6. PAYMENTOFASSESSMENTS. Subject to the provisions of Section 5.3, lrom fire date of the conveyance o(fhe first Lot to a person otherthan the Declarant, the Declarant shall: 5.s.1 Pay assessments due for operating expenses on all unsold Lots; and `~ 5.6.2 Pay assessments due for reserves on aNvnsold Lots, or, at the Declarant's option, pay or require the Owner fo pay all accrued reserve assessments against the Lot at the time of the initial sale fo the Owner. 5.~. DEFAULT. Failure by an Owner to pay any assessment of the Association shal(be a defaultby such Ownerofhis orherobligationspursuant fo these Bylaws and the Oregon Punned Community Act. In addition to the interest which maybe charged on delinquent assessments, the Board of Directors, at its option, may impose a late charge penalty in respect to any monthly assessment not paid within ten (10) days from the due date. Such penalty may not exceed the sum of ten percent (10%) o/ the monthly assessment. The Association slral! be entitled to a lien which may be enforced upon compliance with the provisions of the Oregon Planned Community Act. In any foreclosure suit by the Association with respect to such lien, the Association shall be entitled to collect reasonable rent from the defaulting Owner for the use of his or her Lot or shall be entitled fo the appointment of a receiver. Any default by the Owner in any provisions of these Bylaws or of the Oregon Planned CommunifyAct shall be deemed to be a default by the Owner of any mortgage to which the Owner is a party or to which the Lot is subject. 5.8. MAINTENANCE AND REPAIR. s.s.i Except as otherwise specificagy provided in the Declaration and Bylaws, every Owner must perform prompt/gall maintenance and repair worfc within his orher own PAGE 12 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIA T/ON, INC. I Lot, which if omitted would affect the party wall(s) or Common Property, and shall be ~r responsible for the damages and liabilities that his or her failure to do so may cause. 5.8.2 All repairs of internal installations of each Living Unit, such as wafer, lights, gas, power, sewage, telephones, air conditioners and sanitary installations, doors, windows, lamps and af! other accessories belonging fo the Living Unif area shall be of the sole expense of fhe Owner of such Living Unit. 5.8.3 An Owner shall reimburse the Association for any expenditures incurred in repairing or replacing any Common Property and/or facility damaged through his or her /ault, not otherwise covered by insurance policies carried by the Association for the Owner's and Association's benefit. 5.8.4 The Association has responsibility to maintain the exteriorof the Living Units as more particularly set forth in the Declaration. 5.9. RIGHT OF ENTRY• ENCROACHMENTS• EASEMENTS FOR MAINTENANCE. 5.9.1 In case of an emergency originating in or threatening his or her Lot, an Owner shall grant the right of entry to the management agent or to any other person authorized by the Board of Directors or the Association, whether the Owner is present at the time or not. 5.9.2 An easement is reserved to the Association in and through any Lot and the Common Property providing access at reasonable times and with reasonable notice for purposes of maintenance, repair and replacement of the Common Property. If, in the process of such repair and maintenance by the Association, it is necessary fo alter or damage any Lot or Common Property, such alterations or damages will be permitted without compensation, provided the Lot and/or Common Property are promptly restored to substantially their prior condition by the Association. ARTfCLE 6 USE AND OCCUPANCYRESTRICT/ONS; RULES OF CONDUCT Failure by an Owner (his family, invitees or lessees) to comply with the rules of conduct and restrictions set forth in the Declaration, these Bylaws or others promulgated by the Board of Directors shall be cause for which the Board of Directors may deny or restrict such Owner's right to use any common facility with respect to which such Owner otherwise had a right of use. In addition to the restrictions and rules of conduct set forth in the Declaration, the following shall apply: 6.1. USE OF THECOMMONPROPERTY. No Ownershal(place or cause to be p/aced on any portion of the Common Property any trash, structure, equipment, improvement, furniture, package or object of any kind. Such areas shalt be used for no purpose other than what is nomtal. e.2. DOMESTIC ANIMALS. No poultry, fowl, livestock, horses orotheranimals shall be kept on any Lot, except that the Owner of each Lot may keep not more than two pets, only dogs or cats, which shall be confined to enclosed areas on such Owner's Lot orshaJl be kept on a leash in the Owner's presence. Any Owner wishing to keep a dog or cat on the Property must registersuch pet with the Board. Additionally, Owners of pets shaft abide by alt applicable leash laws and sanitary regulations. Dogs and cats shall not be kept, bred or raised for commercial purposes. The Board of Directors shall have the right to require any Owner to remove any pet That is a nuisance orthat interferes with the right to the quiet enjoyment by the owner and occupants of Living Units. Any dispute arising out of this PAGE 13 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC, 13 Section shall be decided by a majority of the Board of Directors. Any decision of the Board on this matter shall be binding upon the member or members affected. 6.3. APPEARANCE OF LIVING UNITS. No Owner will cause anything to be hung, displayed, or placed on the walls, doors, windows, roof or exterior of any Living Unit or otherwise change the appearance of any Living Unit wifhoul compliance with the Declaration and Bylaws. No "For Sale" signs, will be allowed on any part, of the Property without the prior wntten consent of the Board of Directors, except that thb Declarant may post, reasonable signs in reasonable places on the Property advertising any unsold Lot for sale. 6.4. NUISANCES. No nuisances will be allowed upon the Property, nor any use or practice that is the source of annoyance to residents or which interferes with the peaceful possession and proper use of the Property by its residents. Residents shall exercise extreme care about creating disturbances, making noises or using musical instruments radios, televisions and amplifiers that may disturb other residents. All parts of the Project will be kept in a clean and sanitary condition, and no rubbish, refuse or garbage allowed to accumulate, nor any fire hazard allowed to exist. Alt such garbage and trash shall be placed inside disposal containers. No Owner will permit any use of his or her Lot or make any use of the Common Property that will increase the cost ofinsurance upon the Common Property. No Owner shall hang garments, rugs and similar items from the windows or from any of the facades, decks or doors of the Living Units, nor shall any Owner hang or shake dust rags, mops and similar items from the windows or porches or decks, or clean such items by beating on an exterior part of the Living Unit. 6.5. IMPROPER. OFFENSIVEOR UNLAWFUL USE. No improper, offensive or unlawful use will be made of the Property nor any part of it; alt valid laws, zoning ordinances and regulations of governmental bodies having jurisdiction will be observed. The responsibility of meeting the requirements of governmental bodies for maintenance, modification or repair of the Property will be carried out and paid for in the same manner as the responsibility for the maintenance and repair of the Property concerned. 6.6. TRASH COLLECTION AND STORAGE. No trash or unsightly material Shall be `, dumped or stored upon any Lot or any of the Common Property. All trash and trash cans shall be concealed behind such structures as may properly be built pursuant to this Declaration, and may be left outdoors only for the period reason ably required for collection and removal 6.7. VEHICLE RESTRICTIONS. VehiculartrafFc on the parking areas and driveways on Property shall be limited to five (5) mites per hour as a safety precaution. This speed limit shall apply to bicycles, motor scooters, motorcycles, automobiles and trucks. No recreational vehicles, campers, trailers, boats, boat trailers, vehicles in disrnpairorsimilar objects maybe parked or kept outdoors on any Lot or the Common Property. 6.8. SKATEBOARDS AND ROLLER BLADES PROHIBITED. No skateboards or roller blades, roller skates or similar items shalt be permitted on any portion of the Property, including, without limitation, any street, sidewalk, driveway or any other portion of any Lot or Common Property. 6.9. USEOFRECREAT/ONANDCOMMONFACIUTIES.Allrecreafionalareasandother Common Property are provided for the use of the Owners and their guests. Rules and regulations maybe adopted by the Board of Directors, setting out the hours the various facilities will be available for use, and the conditions attendant thereto. Compliance with PAGE 1I -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. such rules as determined by the Board of Directors is essential to the harmonious operation of the facilities. 6.10. ADDITIONAL RULES. Rules and regulations concerning other use of the Property maybe made and amended from time to time by the Board of Directors. Copies of such rules and regulations will be furnished to all Owners and residents of the Project, upon request. ARTICLE 7 INSURANCE The Board of Directors shall obtain and maintain at all times insurance of the type and kind and in the amounts hereinafter provided, and including insurance for such other risks of a similar or dissimilar nature as are or shall hereafter customarily be covered with respect to otherplanned communities similarin construction, design and which insurance shall be governed by the provisions in this numbered section. 7.1. TYPES OF INSURANCE POLICIES. For the benefit of the Association and the owners, the Board of Directors shat! obtain and maintain at all times, and shall pay for out of the common expense funds, the following insurance to the extent available at reasonable cost: 7.1.1 A policy or policies of property insurance including, but not limited to, /ire, extended coverage, vandalism and malicious mischief, for the full insurable replacement value, if available, of a!1 Living Units and common property, and such other fire and casualty insurance as the Board o/Directors shall determine, to give substantially equal or greater protection to the owners and their mortgagees, as their respective interests appear. which said policy orpolicies shall provide fora separate loss pa able endorsement in favor of the mortgagee or mortgagees, o/each Living Unit, if any. For the purposes of any policy orpolicies offire insurance, the term "building"shall include fixtures, installations or additions comprising a part of the building within the unfinished interior surfaces of the perimeter walls, floors and ceilings of the individual Living Units initially installed or replacement thereof, in accordance with the original plans and speciFcations, or instaNed by or of the expense of any owner or owners of a Living Unif. 7.1.2 A policy or policies insuring the Association, its Board of Directors, the owners individually, and the manager against any liability to the public or the owners and their invitees or tenants, incident to the ownership, supervision, control or use of the project. Limits of liability under such insurance shall be not less than $1,000,000 per occurrence for bodily injuries and property damage liability. Such limit and coverage shall be reviewed at least annually by the Board of Directors which may increase the limit of and/or coverage, in its discrefiorl. Said policy or policies shall be issued on a comprehensive liability basis and shall provide cross liability endorsements wherein the rights of the named insured under the policyor policies shall not be prejudiced as respects his, her or their action against another named insured. 7.1.3 Workers`compensationinsurance to the extentnecessary to complywith any applicable laws. 7.1.4 A fidelity bond naming such persons as maybe designated by the Board of Directors as principals and the Association and the owners as obligees, for the amount determined by the Board of Directors. Provided, however, the Board of Directors shall require that all officers and employees of the Association handling or responsible for Association funds obtain adequate fidelity bonds. The premiums on such bonds shall be paid by the Association. PAGE 15 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. '`r The Association shall not be responsible for any loss or damage to persona! property of any owner, whether stored on the common property or in the owner's Living Unit, nor shall the Association maintain any insurance coverage for such loss. 7.2. INSURANCE COMPAN/ES AUTHORIZED. All policies shall be written by a company licensed to do business in Oregon and holding a "Commissioner's rating" of'A+" and a size rating of 'AAA, " or better, by Best's Insurance Reports, or as maybe otherwise acceptable fo all mortgagees and directors. 7.3. AUTHORITY TO ADJUST LOSSES. A!1 losses under policies hereafter in force regarding the property shall be settled exclusively with the Board of Directors or ifs authorized representative; provided, however, that where a first mortgagee has been designated as a loss payee by an owner and such first mortgagee has requested the opportunity to exercise the rights provided by this Section, such mortgagee shallbe entitled to settle losses as to the mortgaged Living Unit, provided that the loss which occurs is severable. Releases and proofs of loss shalt be executed by at least two directors. 7.4. VALUE OF OWNER IMPROVEMENTS. Ea Ch Owner mUSt inform the Board of Directors of the value of improvements made to his or her Living Unit in excess of One Thousand Dollars ($1,000) so that the Board of Directors may make any desired adjustments in insurance coverage. Nothing in this paragraph shall permit an owner to make improvements without first obtaining the approval of the Board of Directors pursuant to Article 4 of the Declaration. 7.5. PROVISIONS IN INSURANCEPOUCIES. The Board of Directors shall make every effort to secure tnsurance policies that wit! provide for the following: 7.5.1 A waiver ofsubrogation by the insurer as to any claims against the Board of Directors, the manager, the owners and their respective servants, agents and guests. 7.5.2 A provision that the master policy on the Property cannot be cancelled, invalidated orsuspended on account of the conduct of any one ormore individual owners. 7.5.3 A provision that the master policy on the Property cannot be canceled, invalidated or suspended on account of the conduct of any officer or employee of the `, Board of Directors or the manager without prior demand in writing that the Board of Directors or manager cure the defect. 7.5.4 A provision that any "no otherinsurance"clause in the masterpolicy exclude individual owners' policies and not otherwise prevent such individual policies from providing coverage for damage to Living Units or common property. 7.6. RECONSTRUCTION COSTS. 1( the Association is required or elects to reconstruct any of the common property or Living Units which have been damaged or destroyed, all affected owners (i. e. owners whose Living Units have been damaged or destroyed) shall contribute to the Association all amounts received by them from property loss insurance policies to help pay for the repairs. To the extent such insurance proceeds are unavailable or unpaid when needed, the Association shall assess any owner the amount of the Association's "deductible" under ifs policy to pay the cost of repairing or reconstructing such owner's Living Unit. Such assessment shall be both a persona! obligation of such owner and a lien against such owner's unit in the same manneras any other Association assessment. 7.7. 1NSURANCE DEDUCTIBLE/OWNER AND TENANT INSURANCE. The Board of Directors shall determine the amount of the deductible for property loss insurance policies, as weN as other insurance policies required fo be procured by the Association under this PAGE 16 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. ~ 6 Article 7. In determining the deductible under the policies, the Board, among other factors, shall take into consideration the availability, cost, and toss experience of the Association. In this regard, as in other Board responsibilities, the Board members shall exercise their reasonable business judgment. The Association shall have no responsibility to procure or assist in procuring property loss insurance for any owner or tenant tor. (a) damage fo a, Living Unit not covered by the Association's policy (because of the deductible amount or because the claim for loss or damage is one not normally covered by fire and property loss insurance policies with extended coverage endorsements); or (bJ for any damage or loss to the owner's or tenant's personal properly. Owners shat! be responsible for ppurchasing insurance policies insuring their Living Units for the deductible amount underthe Association's policies and forinsuring theirown personal property for any loss or damage. Tenants shall be responsible for insuring their own personal property for any loss or damage. The Board of Directors shall notify al! owners of the amount of the deductible under the Association policies. To the extent reasonably practicable; the Board of Directors shall give at least 30 days notice to the owners of any increase in the deductible proposed in renewal or replacement insurance policies. Owners and tenants of all Living Units shat/procure and maintain comprehensive liability policies having combined limits of not less than $50, 000 foreach occurrence. Such insurance shall provide coverage /or, but not limited to, the negligent acts of the owner(s) and tenant(s) and their guests or other occupants of the Living Unit(s) for damage to the common property and other Living Units and the personal property of others located therein. 7.8. REVIEW OFINSURANCEPOLICIES.Atleasfannually,fhe8oardofDirectorsshall review all insurance carried by the Association, which review shall include a consultation with a representative of the insurance carrier writing the master policy. ARTICLE 8 AMENDMENT Except as otherwise provided in this Article, and the restrictions set lorth elsewhere herein, these Bylaws maybe amended at any time 6y an instrument approved by of least a majority of the total votes of each class of members that are eligible to vote. Any amendment must be executed, recorded and certified as provided by taw. Provided, however, no amendment of the Bylaws mayeffect an amendment of the Declaration or the Articles of Incorporation without compliance with the provisions ofsuch documents and the Oregon Nonprofit Corporation Act. Provided further no amendment deleting or affecting any right of the Declarant may be adopted without the prior written consent of the Declarant. ARTICLE 9 RECORDS AND AUDITS s. t. GENERAL RECORDS. The Board of Directors and the managing agent or manager, if any, shall preserve and maintain minutes of the meetings of the Association, the Board and any committees. The Board of Directors shall maintain a list of Owners entitled to vote of meetings of the Association and a list of all mortgagees of Lots. The minutes of the Association, the Board and committees, and the Association's financial records shall be reasonably available for review and copying by the Owners. A reasonable charge maybe imposed by the Association for providing copies. PAGE 17 -BYLAWS OF OA/SY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. 9.2. RECORDS OF RECEIPTS AND EXPENDITURES. The Board of Directors or its designee shall keep detarled, accurate records in chronological order of the receipts and expenditures alfecfing the Common Property, itemizing the maintenance and repair expenses of the Common Property and any other expenses incurred. Such records and the vouchers authorizing the payments shall be available for examination by the Owners and mortgagees at convenient hours of weekdays. s.3. AssESSMENr ROLL. The assessment roll shall be maintained in a set of accounting books in which there shall be an account for each Lof. Such account shall designate the name and address ofthe OwnerorOwners, the amount ofeach assessment against the Owners, the dates and amounts in which the assessment comes due, the amounts paid upon the account and the balance due on the assessments. 9.4. PAYMENT OF VOUCHERS. The Treasurer shalt pay all vouchers up fo $5, 000 signed by the President, managing agent, manager or other person authorized by the Board of Directors. Any voucher in excess of $5,000 shat! require the signature of the President. Provided, however, any withdrawal from reserve accounts shall require the signature of two board members or one board member and an officer of the Association who is not a board member. s, 5. REPORTS AND AUDITS. The Board of Directors shalt prepare or cause to be prepared an annual report of the receipts and expenditures of the Association and a balance sheet and income and expense statement setting forth the financial condition of the Association as of the end o/ each year. The report shall be prepared according to generallyacceptedsccounting procedures and shall be distributed to allOwners and to all mortgagees of Lots within ninety (90J days after the end ofeach frscal year. At any time any Owner or mortgagee may, of his or her own expense, cause an audit or inspection to be made of the books and records of the Association. 9.6. NOTICE OF SALE MORTGAGE RENTAL OR LEASE. Immediately upon the sale, mortgage, rental or lease of any Lof, the Owner shall promptly inform the Secretary or manager of the name and address of said vendee, mortgagee, lessee, or tenant. ARTICLE 70 COMPLIANCE These Bylaws are intended to comply with the provisions of the Oregon Planned Community Acf, which are incorporated herein and fo supplement the provision in the Project Declaration. /n case any of the provisions hereof conflict with the provisions o(said statutes, the statutory provisions shall apply. In case of any conflict between the provisions hereof and the Declaration, the provisions in the Declaration shall apply. ARTICLE 11 INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS The Association sha/1 indemnify any Director, officer, employee or agent who was or is a party or is threatened fo be made a party to any threatened, pending or completed action, suitor proceeding, whethercivil, criminal, administrative orinvestigative (otherthan an action by the Association) by reason of the fact that he or she is or was a Director, officer, employee or agent of the Association or is or was serving at the request of the Association as a Director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including aftomey fees), judgments, fines arrd amounts paid in settlement actually and reasonably incurred by said person in connection with such suit, action or proceeding if he or she acted in good faith PAGE 18 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. and in a manner he or she reasonably believed to be in, or not opposed to, the best interest of the Association, and, with respect to any criminal action or proceedings, had no reasonable cause to believe his or her conduct was unlawful. The termination of any action, suit or proceeding byjudgment, order, settlement, conviction, or with a p/ea of no contest or its equivalent, shaft not of itself create a presumption that a person did not act in good faith and in a manner which he orshe reasonably believed fo 6e in, ornot opposed to, the best interest of the Association, and, with respect to any criminal action or proceedings, had reasonable cause to believe his orherconduct was unlawful. Payment under this clause may be made during the pendency of such claim, action, suit or proceeding as and when incurred, subject only to the right of the Association, should it be proven at a later time that said person had no right to such payments. All persons who are ultimately held liable for their actions on behalf of the Association as a Director, officer, employee or agent shall have a right of contribution over and against all other Directors, officers, employees or agents and members of the Association who participated with or benefitted from the acts which created said liability. ARTICLE 12 ASSESSMENT COLLECTION COSTS; SUITS AND ACTIONS Owners shall be obliged to pay reasonable fees and costs including, but not limited to, attomey fees incurred in connection with efforts to collect any delinquent unpaid assessments. 1n addition to the monthly assessment for operating expenses and the funding of reserves, such assessments may include fees, late charges, fines and interest imposed pursuant to the Oregon Planned Community Acf. In the event legal action is commenced by the Directors for the collection of any amounts due pursuant to these Bylaws or for the enforcement of any provisions of the Declaration, Bylaws or of the Oregon Planned Community Act, the Owner or Owners, jointly and severally, will in addition to all other obligations, pay the costs of such suit or action, including reasonable attorney fees to be fixed by the trial court and, in the event of an appeal, the cost of the appeal, together with reasonable attorney fees in the appellate court to be fixed 6y such court. ARTICLE 13 `r MISCELLANEOUS 13.1. NOTICES. Afl notices to the Association or to the Board of Directors shall be sent care of the managing agent, or if there is no managing agent, to the principal office of the Association or to such other address as the Board of Directors may hereafter designate from time to time. Alt notices to any Ownershall be sent to such address as may have been designated byhim orher(rom time to time, in writing, to the Board of Directors, or if no address has been designated, then to the Owner's Lot. 13.2. WAIVER. No restriction, condition, obligation or provision contained in these Bylaws shall be deemed to have been abrogated or waived by reason o(any failure fo enforce the same, irrespective of the number of violations or breaches thereof which may occur. 13.3. fNVAUD/TY: NUMBER: CAPTIONS. The invalidity of any part of these Bylaws shalt not impair or affect in an y manner the validity, enforceability or effect of the balance of these Bylaws. Provided, however, that if any of the provisions of these Bylaws would violate the rule against perpetuities or any otherlimitation on the duration of the provisions herein contained imposed by law, then such provision shall be deemed to remain in effect only for the maximum period permitted by law, or in the event the rule against perpetuities applies, until twenty-one (21 J years aRer the death of the last survivor of the now living PAGE 19 -BYLAWS OF DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. ~ q descendants of Eric Arfner. As used herein, the singular shall include the plural, and the plural the singular. The masculine and neuter shall each include the masculine, /eminine and neuter, as the context requires. Alt captions used herein are intended solely for convenience of reference and shall in no way limit any of the provisions of these Bylaws. !t is hereby certified that these Bylaws have been adopted by Daisy Creek Village, LLC, an Oregon Limited Liability Company, Declarant of Daisy Creek Village, a Planned Community, and will be recorded in the Deed Records of Jackson County, together with the Declaration for said Planned Community., after said Declaration and Bylaws are approved by the Assessor o/said County. DATED this ~ ~ day of October, 2004. DAISY CREEK VILLAGE, LLC /_'~ B YERIC ARTNER ITS MANAGING MEMBER STATE OF OREGON ) ss County of Jackson ) On this t B' day of October, 2004, before me personaNy appeared ERIC ARNTER, MANAGING MEMBER OF DAISY CREEK VILLAGE, LLC, AN OREGON LIMITED LIABILITYCOMPANY, and acknowledged the foregoing instrument to be his voluntary act and deed. ,~' OFF'ICiAL SEAL TIFFANY L. POOL ~ NOIAN~ PUBLIC-OREGON C061Mi3;lON N0. 969620 MY COMMISSii?t- c ~:°~ZES JUNE 15, 2007 ~ _r~: 4.G:~~~ ~d~l~/I11~~7~~,~ AJl`C NotaN4/ Pub~CE'for Oregon Commission Expires: dune Is+aoo7 PAGE 20 -BYLAWS OF DAISYCREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC. aQ EXHIBIT "A" DAISY CREEK VILAGE Phase 1 Exterior 8aundary Description All that real property situated within a portion of Lot "A" of the Cooksey Addition to the City of Central Point, being located within Donation Land Claim Number 53, in the Northeast One-quarter of Section 10, '1•ownship 37 South, Range 2 West of the Willamette Meridian, in the City of Central Point, Jackson County, Oregon, more particularly described as follows: Commencing at the Southeast Corner of Lot "A" of COOKSEY AUDITION to the Cily of Central Point, Jackson County, Oregon; thence North 35°09'30" West, 210.83 feet (Record: 211.2 feet), to a 2 inch iron pipe munumenting the True Point of Beginning; thence continuing North 35°09'30" West, 528.74 feet (Record: 528.75 feel); thence South 54°51'OU" West, !29.05 feet (Record: 129.20 feet), to the southwesterly line of tract described in Document Number 77-26988, of the Official Records of Jackson County, Oregon; thence along said southwesterly line, South 34°4744" bast, 396.91 feet (Record: 397.21 (eet); thence South 11°56'00" East. 83.86 feet (Record: South 1 I °56' East, 83.62 feet), thence Nurlh 73°14'51" East, 173.51 feet (Record: 173.52 feet), to the True Point of Beginning. Containing 1.55 acres more or less. Basis of bearings for this description is Geodetic North based on WGS datum, attained by Global Positioning System (GPS) observations. Basis applied to the centerline of fine Street. NEATHAMER Sf/RVEYING INC REGISTERED , 3126 State Street, Suite 2uu -PROFESSIONAL PO Box 1584 LAND SURVEYOR Medford, Oregon 97501 Phone: (541) 732-2869 ~A ~• IhAthQslrH Fax: (541) 732-1382 OREGON JULY 09, 2001 CAEI E. NEATHAMER lS 56545 RENEWAL DEC. 31, ~' ~, a i Jackson County Otfiaal Records 2004-062593 R-DR Cnt= i Stn=4 SHAWBJ 10128/2004 11; 58:27 AM S205 DO 85.00 511 00 TotaI:S221.00 109744820000825930410017 I. K~lhlan 1. 6•cM•n, Ceunry CIHM ror J~cKwn county, Onpon, c•nNy thN 1M Inolnim•ra Id•ntM•d Mr•M vn~ ncero•d M ih• CI•rt ncorb. Kathleen S. Becket) -County Clerk DECLARATION OF COVENANTS, CONDITIONS 8 RESTRICTIONS FOR DAISY CREEK VILLAGE A PLANNED COMMUNITY TO THE CITY OF CENTRAL POINT, OREGON This Declaration is made and executed in Jackson County, Oregon, this $~ day of October, 2004, by DAISY CREEK VILLAGE, LLC, AN OREGON LIMITED LIABILITY COMPANY, hereafter referred to as "Declarant". The Cify of Central Point has issued its approval for DAISY CREEK VILLAGE, a Planned Community located in the City of Central Point, Jackson County, Oregon. The Heal property is described on Exhibit "A"attached hereto. Declarant reserves the right, but not the obligation, to annex additional property and to subject the additional property to the terms and provisions of this Declaration, the Articles and the Bylaws, as the same may be amended or supplemented. There is no limitation on the number of lots which maybe added to DAISY CREEK VILLAGE and the common property adjacent thereto. The property which in the future maybe annexed is described on Exhibit "13." The Declarant may annex all or a portion of this property fo the Declaration in one or more supplemental declarations. There is no requirement that the Declarant annex any additional property,' however, Declarant is reserving the right to annex additional as provided herein in its sole discretion. Declarant intends to form a homeowner's association for the purpose of preserving the values and amenities in the community. Declarant will create a nonprofit corporation pursuant to ORS Chapter 65. Declarant intends to adopt, on behalf of the association, the initial bylaws required under ORS 94.625 to govern the administration of 1 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE Description: Jackson,OR Document-Year.DoclD 2004.62593 Page: 1 of 41 Order : o Comment the planned community. The bylaws o(the homeowner's association shall be recorried in the Official Records of Jackson County, State of Oregon, as mandated by ORS 94.625. The name of the nonprofit corporation shah be the DA1sY CREEK wLLAGE HOMEOWNER'S ASSOCIATION, INC., an Oregon nonpraFf corporation. NOW, THEREFORE, Declarant declares that the real property described on Exhibit'A"is and shalt be held and conveyed and occupied subject to the provisions of the Oregon Planned Community Act, ORS 94.550 to ORS 94.783, and subject to the easements, conditions and covenants hereafter set forth,' all of which are for the purpose of enhancing and protecting the value, desirability and attractiveness of said property. These easements, covenants and conditions shall constitute covenants to run with the land and shall be binding upon aft persons orenhfies claiming under them and also these conditions, covenants and restrictions shall inure fo the benefit and be limitations upon alt future owners of said property or of any interest therein. ARTICLEI DEFINITIONS SECTION 1. ASSOCIATION. 'Association" shat/ mean and refer the Daisy Creek Village Homeowner's Association, a nonprofit corporation consisting of alt owners in the Planned Community, their successors and assigns. SECTION 2. COMMON AREA/COMMON PROPERTY. "Common Area" and "Common Property" shat/ mean all real property and appurtenances thereto, now or hereafter owned by the Association for the common use and enjoyment o/the members of the Association. fn addition, "Common Area" and "Common Property" shall include any 2 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEI( VILLAGE a- Description: Jackson,OR Document-Year.DoclD 2009.62593 Page: 2 of 41 n,-,ao,- • ., r.,~.,.~,e., t improvements intended to be devoted to the common use and enjoyment of the owners. SECTION 3. tIV1NG UNIT. "Living unit" or "unit" shall mean and refer fo any portion of a structure situated upon the property designed and intended for use and occupancy as a single family residence. SECTION ~. MEMBER. "Member" shalt mean and refer to every person or entity who holds membership in the Association. SECTION 5. MORTGAGE. "Mortgage" shall mean a Deed of Trust or a Contract of Sale as well as a Mortgage. SECTION 6. MORTGAGEE. "Mortgagee" shall also mean a benefrciary under a Trust Deed or a vendor (seller) under a Contract of Sate. SECTION 7. OWNER. "Owner" shall mean and refer to the record owner, whether one or more persons ~or entities, of all or any part of said property but in the case of a ~ sale under a Contract, owner shalt mean the conlracf purchaser. SECTION 8. DECLARANT. "Declarant" shall mean and refer to the undersigned, and their successors, heirs and assigns. ARr~cLE s GENERAL PLAN OF DEVELOPMENT SECTION !. COMPLIANCE WITN OREGON PLANNED COMMUNlTYACT. This Declaration is adopted pursuant to the Oregon Planned Community Act, ORS 94.550 to ORS 94.783. SECTION 2. PROPERTY SUBJECT TO TNIS DECLARATION. ThB real property Which is and shall be held, transferred, sold and conveyed and occupied subject to and pursuant 3 - DECLARATION OF COVENANTS, CONDITIONS ANO RESTRICTIONS FOR DAISY CREEK VILLAGE Description: Jackson,OR Document-Year.DoclD 2004.62593 Page: 3 of 41 .,_.a__. ...,........-.~. to this Declaration is located in the city o1 Central Point, Jackson County, Oregon. The rest property is more particularly described on Exhibit 'A" and attached: The Declarant is reserving the right, but not the obligation, fo annex additional property and to subject (he additional property to the terms and provisions of this Declaration. The property which in the future maybe annexed is described on Exhibit "B." The legal description of the common property is described and shown on the plat for Daisy Creek ViOage which is marked Exhibit "C"and attached. The legal description for the common properly for Daisy Creek Village, Phase 1, is set out on Exhibit D" and attached. SECTION 3. DESCRIPTION OF DEVELOPMENT. The Declarant has developed the property with twenty-two (22) residential lols. Phase 1 contains six ((i) buildings each containing between two (2) and /our (4) Jiving units. The Declarant contemplates That a!! improvements will be completed prior to conveyance of a lot to any member. Through one or more supplemental Declarations, the Declarant intends to create a planned community of up to fifty-eight (58J lots. The Declarant reserves the right to abandon or re-plat any portion of palsy Creek Village prior fo the time it is annexed to the Association. SECTION 4. IMPROVEMENTS IN THE COMMON PROPERTY. The common property will be improved with a private street, driveways and landscaping. It is contemplated that alt improvements will be completed prior to the conveyance of any lot fo any owner. ARTICLE 3 ANNEXATION OF ADDITIONAL PROPERTY Declarant has reserved the right to annex additional property to the Association in its sole and absolute discretion. In the event Declarant expands the Planned 4 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILEA GE Description: Jackson,OR Document-Year.DoclD 2004.62593 Page: 4 of 41 Community by annexing additional lots and/or common property, the /otlowing provisions shat/ apply, ORS 94.580(3): SECTION 1. SUPPLEMENTAL DECLARATION. Declarant may, at any lima during fhe term of this Declaration, add all or a portion of the land described on Exhibit "B" to the property which is covered by this Declaration and upon recording of a supplemental declaration, the provision of this Declaration specified in fhe supplement declaration shall apply to the annexed property in the same manner as if it were orfginally covered by this Declaration. Thereafter, to the extent this Declaration is made applicable to the property on Exhibit 8, "the rights, powers and responsibilities of Declarant and owners of the parcels within the additional property shall be identical to the owners of the property described on Exhibit 'A. " The supplemental declaration shall include, but not be limited to the following provisions: (A) A reference fo this Dectarafion stating the date of recording and the recording information where fhe Declaration is recorded. (f3) A statement that the Covenants, Conditions and Restrictions of this Declaration or some specifred part shall apply to the additional property. (C) A legal description of the additional property. (D) Such other or different covenants, conditions and restrictions as Declarant shaft, in its sole and absolute discretion, specify to regulate and control the use, occupancy and improvement of the additional property, SECTION 2. EFFECT OF ANNEXATION. The property included in any annexation shag become part of DAfSY CREEK VILLAGE, a Planned Community fo the City of Central 5 - DECLARATION OF COVENANTS, CON4ITIONS AND RESTRICTIONS FOR DA/SV CREEK VILLAGE 5 Description: Jackson,OR Document-Year.DocZD 2009.62593 Page: 5 of 41 Point, State o(Oregon. The Declarant and the Association shat! have and shall accept and exercise administration of this Declaration with respect to the additional property. A. NO LIMITATION oN ANNEXATION. There is no limitation on the number of lots which Declarant may create or annex to DAISY CREEK VILLAGE. There is no limitation on the right of Declarant to annex additional areas. 8. vorlNG RIGHTS. Upon annexation, the additional lots shall be entitled fo the voting rights set out in Article 8 entitled "Voting Rights." C. ADJUSTMENT OF ASSOCIATION EXPENSES. The formula to be used for reallocating the common expenses if additional lots are annexed and the manner of reapportioning the common expenses if additional lots are annexed is set forth in Article 9 entitled "Covenant for Maintenance Assessments. " SECTION 3. AMENDMENT OF PLANNED COMMtJNITY. Each owner, by acceptance of an equal or equitable interest in the owners' Jot, appoints Declarant as owners' aftomey-in-fact to execute all documents and to take a1J action necessary or reasonably necessary to obtain approval of such amendments to DAISY CREEK VILLAGES land use approval. ~' ARTICLE 4 RESTRICTIONS AND MAINTENANCE RESPONSJBILITIES SECTION i. ALTERATIONS. Except as otherwise specifically provided in this Declaration, no fence, residential building or other structure of any type shall be erected, altered, placed, modified or permitted to remain on any lot other than the original living units as originally constructed or replaced in a mannerhaving a substantially similar appearance to the original unit. SECTION 2. COMMON PROPERTY. No owner steal! construct or place any structure, material, planting, equipment or any object of any kind on any portion of the 6 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE I 10' Description: Jackson,oR Document-Year.DoclD 2009.62593 Page: 6 of 41 common property unless granted prior written permission by the board of Directors, and then only in strict compliance with the written authorization, , SECT~oN 3. WALLS AND FENCES. The walls and/or fences in Daisy Creek Village shall not be altered unless the owner is granted written permission by the Board of Directors and then only with strict compliance with the written authorization. SECTION 4. PARTY WALLS. 4. ?. GENERAL RULES OF LAW TO APPLY. Each wall built as part Of the original construction of the living units or as a part of reconstruction pursuant to Article 70 of this Declaration upon the property which divides living units and which is placed on the divided line between the lots shall constitute a party wall, and to the extent not inconsistent with the provisions of this Article, the general rules of law regarding party watts shalt apply. 4.2 SHARING OF REPAIR AND MAINTENANCE. The cost of repair and maintenance of a party wall shall be shared equally by the owners whose living units are divided by such watt. 4.3 DESTRUCTION BY FIRE OR OTHER CASUALTY. If a party Walt is destroyed or damaged by fire or other casualty, the provisions of Article 10 of this Declaration shall apply with regard to repair or reconstruction of such wall. 4,4 weaTHERPROOFiNC. Notwithstanding any other provision of this Article, an owner who by his or her negligent or willful act causes the party watt to be exposed to the elements shall bear the whole cost of furnishing the necessary protection against such elements. 7 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE r Description: Jackson,OR Document-Year.DoclD 2004.62593 Page: 7 of 91 4.5 R1GNT TO CONTRIBUTION RUNS WITH LAND. The right of any owner to contribution from any other owner under this Article shall be appurtenant to the land and shat! pass fo such owner's successor in title. 4.6 ARBITRATION. In the event of any dispute arising conceming a party wall or conceming the obligation of the owners or the Association pursuant to the provisions of this Article, each party shall choose an arbitrator, and the arbitrators so chosen shall choose one additional arbitrator, and the dispute shall be resolving by a majority of all arbitrators. SECTION 5. EXTERIOR MAINTENANCE -ASSOCIATION RESPONSIBILITIES. The Association shall perform aN maintenance, repair and replacement of the exterior o/ living units on lots, excluding doors, door frames, windows and window frames, skylights and skylight frames (if any), but including, without limitation, the following: A. Painting or staining of siding, rain gutters, roofs and chimneys. B. The Association shall perform all maintenance, planning, pruning, mowing and cleaning of all lawns and landscaping on the property, including, without limitation, all landscaping and lawns on owner's lots, excluding only so much o(the same as is completely enclosed by a fence or courtyard on owner's lots. C. The Association shall be responsible for the maintenance, repair and replacement of sanitary sewer lines and any other utility lines from the connection with the main service tine awned and maintained by the service provider to a point within or under the owner's living unit or for water service lines up to the meter measuring water service to the individual living unit. SECTION 6. MAINTENANCE -OWNERS RESPONSl81UTlES. Each owner shall perform all maintenance, repair and replacements of the interior of owner's living unit and shall perform all maintenance, planting, pruning, mowing and cleaning of all lots 8 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY GREEK VILLAGE (~ 4 Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 8 of 41 and landscaping on owner's tot within areas enclosed by a fence or courtyard. Each owner shall be responsible for the maintenance, repair and replacement of any improvements or materials located within the area on each owner's lot enclosed by a courtyard or a fence. Each owner shall be responsible for the maintenance, repair and replacement of any utility lines, including sanitary sewer tines within and under the owner's living unit or within or under any area enclosed by a fence or courtyard. ARTICLE 5 MEMBERSHIP Every person or entity who is a record owner of a fee or undivided fee interest in any lot which is subject by covenants of record to assessment by the Association, or in the case of sale under contract, the contract purchaser, shall be a member of the Association. The foregoing is not intended to include persons or entities who hold an interest merely as security for the performance of an obligation. No owner shall have more than one membership per tot owned. Membership shall be appurtenant to and may not be separated from ownership of any Lot which is subject fo assessment by the Association. Ownership of such Lot shall be the sole qualifrcafion for membership and shall automatically commence upon a person becoming such owner and shalt automatically terminate when such ownership shall terminate or be transferred. ARTICLE 6 VOTING RIGHTS SECTION t, PROxY. Each owner may cast hIs or her vote by absentee ballot or pursuant to a proxy executed by the Owner. An Owner may not revoke a proxy given to the person presiding over a meeting of the Association. A proxy shall not be valid if it 9 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE Description: Jackson,OR Document-Year.DocID 2009.62593 Page: 9 of 91 is undated or purports to be revocable without notice. A proxy shall terminate one (1) year after its dafe, unless the proxy specifies a shorter Time. SECTION 2. yoTING RIGHTS. The Association shall have two (2) classes of voting members: (A) CLASS A. Class A members shall be all Owners of Lots other than the Declarant, and each Class A member shall be entitled to one (7) vote for each Lot owned with respect to all matters upon which Owners are entitled to vote. (B). CLASS e. Class 8 members shall be the Declarant, its successors and assigns. The Class B member shall have three (3) votes for each Lot owned. Provided, however, that all Class B memberships shall cease upon the earlier of a date five (5) years from recording of this Declaration or the conveyance by Declarant o1 Lots, representing seventy-five percent (75%J of the total number o(votes ("termination dafe'). Thereafter, each Owner, including the Declarant, shall be entitled to one (1) vote for each Lot owned with respect to a!1 matters upon which owners are entitled to vote, and the total number of votes shall be equal to the total number of Lots. When more than one (7) person or entity owns a Lot, the vote for such Lot may be cast as they shall determine, but in no event will fractional voting be allowed. Fractionalized or split votes shall be disregarded, except for purposes of determining a quorum. The total number of votes as of such termination date and thereafter shall be equal to the total number of Lots annexed to the Property and subject fo this Declaration as of such termination date. 70 - DECLARATION OF COVENANTS, CONDITIONS ANO RESTR1CT10NS FOR DAI5V CREEK VILLAGE 0 Description: Jackson,oR Document-Year.DocZD 2004.62593 Page: 10 of 41 SECTION 3. PROCEDURE. All meetings of the Association, Board of Directors, the Architectural Review Committee and Association committBes shall be conducted in accordance with such rules of order as may from time to time be adopted by the Board of Directors. A tie vote does not constitute a majority or approval of any motion or resolution. SECTION 4. MEMBERSHIP 1N DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION. Each owner shall be a member of the DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, and such owner and the Lot owned by such Owner shall be subject to all the terms and prOVfS%OI1S Of the DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION'S Covenants, Conditions and Restrictions, Articles of Incorporation, Bylaws, design guidelines and rules and regulations, including without limitation, the power of DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION to impose and collect assessments against the Owners and their Lots. ARTICLE 7 DECLARANT CONTROL -TURNOVER OF ADMINISTRATOR CONTROL SECTION 1. INTERIM BOARD AND OFFICERS. Dec/grant reserves administrative control of the Association. The Declarant, in his or her sole discretion, shall have the right to appoint and remove members of an interim Board of Directors, which shall manage the affairs o/the Association and which shall be vested with all powers and rights of the Board of Directors. SECTION 2. TRANSITIONAL ADVISORY COMMITTEE. The Declarant shall form a transitional advisory committee to provide for the transition of administrative control from the Declarant to the members. The Declarant shall call a meeting of owners for 71 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE _ ~~ ~~ Description: Jackson,OR Document-Year.DoclD 2009.62593 Page: 11 of 41 the purpose of selecting a transitional advisory committee not later than the sixtieth (60th) following the date that the Declarant conveys fifty percent (50%) or more of the lots in the planned community to owners other than a successor Declarant. The transitional advisory committee shall consist of three or more members. The owners, other than the Declarant, shall select two or more members. The Declarant may select one member, SECTION 3. TURNOVER MEETING. The Declarant shall Call a meeting for the purpose of turning over administrative control of the Association from the Declarant to the members within one hundred twenty (120) days of the earlier of; (a) a date five (5) years from the date this Declaration is recorded; or (b) the date that lots representing seventy-five percent (75%) of the total number of lots have been conveyed to persons other than the 'Declarant. The Declarant shat/ give notice of the meeting to each owner as provided in the ,~ Bylaws. 1(the Declarant does not calf the meeting required under this Section, any owner may do so. ARTICLE 8 PROPERTY RIGHTS SECTION 1. MEMBERS' PROPERTY RIGHTS. Every member of the Association shall have a right and easement of enjoyment in and to the area designated as the Common Area. The easement shall be appurtenant to and shall pass with title to every Lof. SECTION 2. RULES AND REGULATIONS. The Directors of the Association shall be entitled to promulgate reasonable rotes and regulations governing each owner's (members) rights to use and enjoy al/ property in DAISY CREEK v~LLAGE. The rules and 12 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE ^ ~o~ Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 12 of 91 regulations shall be in the interest of securing maximum safe usage for all owners without unduly infringing upon any owner's privacy or enjoyment of the property. SECTION 3. MEMBERS' EASEMENTS OF ENJOYMENT. Every member of the Association shall have a right and easement of enjoyment in and to the Common Area and such easement shall be appurtenant to and shall pass with title to every Lot; subject, however to the following provisions: (A) The right of the Association to limit the number of guests of members permitted to use the Common Area; (B) The right of the Association to charge reasonable admission (ees for the use of any recreational facility or other improvement. (C) The right o(the Association in accordance with its Bylaws to borrow money for the purpose of improving any Common Area and to encumber the Common Area for the purpose of t<nancing the improvements. (D} The right of the Association to suspend any member's voting rights and/or right to use the Common Area, for any period during which any assessment against said member's property remains unpaid; for a period not to exceed ninety (90) days for each infraction of its published rotes and regulations; (E) The right of the Association fo dedicate or transfer all ar any part of the Common Area to any public agency, authority or utility for such purposes and subject to such conditions as may be agreed upon by the members. No such dedication or transfer shall be effective unless an instrument signed by members entitled to cast three-fourths (75%) of the votes has been recorded in the appropriate records of Jackson County, Oregon agreeing to such dedication or transfer; and unless written notice of the proposed action is sent to every member not less Phan thirty (30) days nor more than sixty (60) days prior to such dedication or transfer,' (F) The right of Directors of the Association to promulgate reasonable rotes and regulations governing such rights of use, from time to time, in the interest of securing maximum safe usage of the Common Area by the members of the Association without unduly infringing upon the privacy or enjoyment of the owner or occupant of any part of said property, including, without being limited thereto, rules restricting persons under or over designated ages from using certain portions of the property during certain times. 13 - DECLARATION OF COVENANTS, CONDITIONS ANO RESTRICTIONS FOR DAISY CREEK VILLAGE ~3 ' `• Description: Jackson,OR Document-Year.DoclD 2004.62593 Page: 13 of 41 SECTIONS. DELEGATION OF Us E: Any member may delegate, in accordance with the rotes and regulations adopted from time to time by the Directors, his or her right of enjoyment to the Common Areas and facilities to the members of his or her family, tenants, or contract purchasers, providing they reside on the property. SECTION 5. TITLE TO THE COMMON AREAS: The Declarant hereby covenants for themselves, theirheirs and assigns, that they will convey to the Association fee simple title to the Common Area designated as such on the plat as recorded in the Jackson County Official Records on or before the turnover meeting. SECTION 6. DAMAGE OR DESTRUCTION OF PROPERTY t3Y OWNER. !n the event any property, including but not limited to common property, is damaged or destroyed by an owner or any of his or her guests, tenants, licensees, agents or members of his or her family in a manner that would subject such owner to liability for such damage under Oregon law, such owner does hereby authorize the the Association to repair such damage; the Association shall repair damage in a good and workmanlike manner as originally constituted or as the area maybe modified or altered subsequently by the Association in the discretion of the Association. The reasonable cyst necessary for such repairs shall; become a special assessment upon the tot of the owner who caused or is otherwise responsible for such damage. ARTICLE 9 COVENANT FOR MAINTENANCE ASSESSMENTS SECTION 1. CREATION OF THE LIEN AND PERSONAL OBLIGATION OF ASSESSMEN,ZS: The Declarant hereby covenants for alt of said property, and each owner of any Lot by acceptance of a deed or contract for purchase therefor, whether or not it shall be so t4 - DECLARATION OF COVENANTS, CONDITJONS AND RESTRICT/ONS FOR OAISY CREEK VILLAGE l~ ~ Description: Jackson,OR Document-Year.DocZD 2004.62593 Page: 14 of 41 °~ expressed in any such deed or other conveyance or agreement for conveyance, is deemed to covenant and agree to pay to the Association: , (1) Regular annual or other regular periodic assessments or charges; and, (2) Special assessments for capital improvements, such assessments to be fixed, established, and collected from time to time as hereinafter provided. The regular and special assessments, together with such interest thereon and costs of collection thereof, as hereafter provided, shall be a charge on the land and shall be a continuing lien upon the property against which each such assessment is made. Each such assessment, together with such interest, costs and reasonable attorneys' fees, shall also be the personal obligation of the person who was the owner of such property at the time such assessment became due. The obligation shat! remain a lien on the property until paid or foreclosed. SECTION 2. PURPOSE OF ASSESSMENTS: The assessments levied by the Association shall be used exclusively for the purpose of promoting the recreation. health, safety and welfare of the residents of said property and in particular for the improvement and maintenance of said property, services, and facilities devoted to this purpose and related to the use and enjoyment of the Common Area and of the Lofs situated upon said property. Assessments may not be waived due to limited or non-use of the Common Area. SECTION 3, BASIS AND MAXIMUM OF ANNUAL ASSESSMENTS: Until January 1st of the year immediately following the conveyance of the hrst lot to an owner, the maximum regular monthly assessment shall be seventy-true dollars ($75.00) for each lot subject thereto, exclusive of assessments for common utilities. From and after January 1st of the year immediately following the conveyance of the first tot to an owner, the monthly assessment may be increased effective January 15 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DA/SY CREEK VILLAGE -5 ~r DescriptionYJackson,OR Document-Year.DocZD 2004.62593 Page: 15. of 91 1st of each yearby the Directors of the Association as necessary to accomplish the duties of the Board of Directors and objectives of the Homeowners Association. The Declarant shalt not be assessed for any unimproved tots held for resale. The assessments shall begin immediately following the conveyance of the !ot(s) to an owner. At closing, each owner shall pay eons-time assessment in the amount of three (3) times the monthly assessment as a one time contribution to the working capital of the Association. SECTION 4. SPECIAL ASSESSMENTS FOR CAPITAL IMPROVEMENTS: In addition fo the annual assessments authorized above, the Association may levy in any assessment year, a special assessment applicable to that year only, for the purpose of defraying, in whole or in part, the cost of any construction or reconstruction, unexpected repair or replacement of a described capital improvement upon the Common Area, including the necessary rxtures and personal property related thereto, provided that any such special assessment for structure/alterations, capital additions or capital improvements shalt require the approval of a fifty-one percent (51 %J majority of the members who are voting in person or by proxy at a meeting duly called for this purpose, written notice of which shall be sent to all members not less than thirty (30) days nor morn than sixty (60) days in advance of the meeting setting forth the purpose of the meeting. This section shall not prohibit the Directors from authorizing capital expenditures for replacements or repairs or improvements from funds generated by regular assessments. 16 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DA1SY CREEK VILLAGE / b Description: Jackson,OR Document-Year.DoclD 2009.62593 Page: 16 of 41 SECTION 5. RESERVE ACCOUNT. A reserve account for maintaining the streets, driveways, landscaping, fences and for painting, staining and replacing !;hose portions of all living units which will require painting, staining, roo>rng orreplacing and other improvements belonging to the Association or the improvements which the Association is responsible for maintaining shall be established pursuant to ORS 94.595. The reserve account established under this Section shall be funded by assessments against the individual lots for maintenance of items for which the reserves are established. The assessments shall begin accruing from the date the first lot assessed is conveyed. The Declarant may defer payment of the accrued assessment for a lot until the date the tot is conveyed. The amounts assessed shall take into account the estimated remaining life of the items for which the reserve is created and the current replacement cost of the items. The reserve account shall be established in the name of the Homeowner's ,~ Association. The Association is responsible for administering the account and for making periodic payments into the account. The Association shat! adjust the amount of the payments at regular intervals to reflect changes in current replacement costs over time. The reserve account maybe used only for maintenance, repair and replacement of the improvements belonging fo the Association or the improvements which the Association is responsible for maintaining. However, after the individual lot owners have assumed responsibility for administration of the planned community, the board of directors may bon-ow funds from the reserve account fo meet high seasonal demands 17 - DECLARATION OF COVENANTS, CONOITlONS AND RESTR/CTIONS FOR DAISY CREEK VILLAGE ~~ i ~~ Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 17 of 91 on the regular operating funds or to meet other temporary expenses. Funds borrowed to meet temporary expenses under this Section must be repaid later from special assessments or maintenance fees, Assessments paid into the reserve account are the property of the Association and are not refundable to seaters or owners of the lots. SECTJON 6. COMMON PROPERTY RESERVE STUDY. The Board shall conduct an annual update to the Reserve Study performed by the Declarant fo determine the reserve account requirements and may adjust the amount of payments as indicated by the study or update and provide for other reserve items that the Board may deem appropriate. The study shall include identification of all items for which reserves are required to be established, their estimated remaining useful life, the estimated cost of maintenance, repair or replacement of each item at the end of its useful life, and a 30- year plan to meet that maintenance, repair and replacement schedule. SECTION 7. COMMON PROPERTY RESERVE ACCOUNT. The assessment against each lot, regardless of whether it has been improved, shall include an amount allocated to the reserve account established for the purpose o/funding replacements of those elements of the common property that will normally require replacement, in whole or in part, in more than 3 and less than 30 years. The account shall be in the name of the Association and be separated from other funds. !t shall be used for the purpose for which the reserves have been estabfished. The account shall also fund other items, whether or note involving common property, if the Association has responsibility to maintain the items unless they could reasonably be funded from operating 18 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE 1 r Description: Jackson,OR Document-Year.DoclD 2004.62593 Page: 18 of 41 „_a__ . .. 1........,,._ ~ . assessments. Amounts assessed with respect to reserves shall take into account the estimated remaining life of the items for which the reserve is crated and the current replacement cost of such items based on the results of the Reserve Study described in Section 6 of this Article. The reserve account need not include reserves for those items for which one or more members are responsible for maintenance and replacement under the provisions of this Declaration or the Bylaws. The assessment pursuant to this section shalt accrue from the date of conveyance of the first lot in the property. The board may borrow funds from this reserve account to meet high demands on the regular operating funds or to meet other unexpected increases in expenses. The Board shall repay such funds according fo a written payment plan adopted no later than the date the budget is adopted for the following year, said plan providing for repayment within a reasonable "period. The Association may, on an annual basis by a unanimous vote, elect not fo lurid the reserve account. By a vote of of least seventy-five percent (75%) of the members, the Association may also elect fo reduce or increase future assessments for the account. SECTION 8. LIVING UNIT RESERVE ACCOUNT/OPERATING RESERVE. The assessment against each tot that has been improved with a substantially completed living unit shat/ include an amount allocated to a reserve account established for the purpose of /unding painting, staining and replacing those exterior portions of all living units on the property which wit/ require painting, staining, roofing or replacing in more than three (3) and less than thirty (30) years. Amounts assessed with respect to reserves shall take into account the estimated remaining life of the items for which the 79 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE 19' Description: Jackson,OR Document-Year.DoclD 2004.62593 Page; 19 of 91 reserves are established and the current replacement cost of such items. The assessments under this section shalt accrue from the date a lot is improved with a substantially competed living unit. The Declarant, at the Dec/arant's option, may defer al! accrued assessments until the lot is sold, at which time such account assessment shall be paid to the Association. The Declarant may require the owner to whom such lot is conveyed to reimburse the Declarant for this portion of the assessment. SECTION 9. SPECIAL ASSESSMENTS. The Board of Directors shall have the power to levy special assessments against an owner or owners in the following manner far the following purposes: A. To correct a deficit in the operating budget by vote of a majority of the Board; B. To collect amounts due to the Association from owner for breach of the owner's obligations under the Declaration, these Bylaws orthe Association's rules and regulations, by vote of a majority of the Board; C. Upon vote of a majority of the t3oard of Directors, to make repairs or renovations to the common property and/or fo those portions o/the living units for which the Association has the responsibility of maintenance and replacement if sufficient refunds are not available from the operating budget or replacement reserve accounts; or D. To make capital acquisitions, additions or improvements, by vote of at feast seventy-true (75%) of all votes allocated to the lots. SECTION 10. UNIFORM RATE OF ASSESSMENT.' BOfh regular periodic assessments and any special assessments must be fixed of a uniform rate for all Lots and maybe collected on an annual, quarterly or monthly basis at the discretion of the Board of Directors. SECTION 11. C~110RUM FOR ANY AUTHORIZED ACTION. At any meeting Called the presence at the meeting of members or of proxies entitled to cast fifty-one percent 20 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE ao - Description: Jackson,OR Document-Year.DocID 2004.62593 Paqe: 20 of 41 (51 %) of al! the votes shalt constitute a quorum. If the required quorum is not forthcoming at any meeting, another meeting maybe called, subject fo the notice requirement and the required quorum at such subsequent meeting shall be twenty-five percent (25%) of all the votes. SECTION 12. DATE OF COMMENCEMENT OF ANNUAL ASSESSMENTS DUE GATES: The assessments provided for herein shall commence as fo all Lots (other than unimproved lots held for resale by Declarant) on the first day of the month following the conveyance of each lot to an owner other than the Declarant. The Board of Directors shall fix the amount of the regular assessment at least fhirfy (30) days in advance of each annual assessment period. Written notice of the assessment shall be sent to every owner subject thereto. The due dates shall be established by the Board of Directors. The Association shall upon demand at any reasonable time furnish a certificate in writing signed by an officer of the Association setting forth whether the assessments on a specified Lot have been paid. A reasonable charge maybe made by the Association for the issuance of these certificates. Such certificate shall be conclusive evidence of payment of assessment therein stated to have been paid. Not withstanding any other provisions contained herein the Declarant shall not be assessed for any unimproved lots held for resale. SECTION 13. EFFECT OF NONPAYMENT OFASSESSMENTS. REMEDIES OF THE ASSVC1ATioN: Any assessments which are not paid when due shall be delinquent. If the assessment is not paid within ten (10) days affer the due date, the assessment shaft bear interest from the date of delinquency at the rate of twelve percent (12%) per 21 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK v1LLAGE a~~ Description: Jackson,OR Document-Year.DocID 2009.62593 Page: 21 of 41 annum, and there shall be a Twenty-Five Dollar ($25.00) late charge for each month that said assessments are not paid to cover the administrative expenses of keeping the books and billings for same. The Association shall be entitled to pursue alt legal remedies. In addition, the Association shall be entitled to restrict or terminate a delinquent owners' use of any common areas. Any rights shall be cumulative. The Association shall have a lien against fhe property as provided in ORS 94.709. The Secretary of said Association shall file in the o>f+ce of the Director of Records, County Clerk, or appropriate recorder of conveyances of Jackson County, Sfafe of Oregon, a statement of the amount of any such charges or assessments, together with interest as aforesaid, which have become delinquent with respect to any Lot of said property, and upon payment in full thereof, shall execute and file a proper release of the lien securing the same. The aggregate amount of such assessment, together with interest costs and expenses and a reasonable attorneys' fee for the filing ,~ and enforcement thereof, shall constitute a lien on the whole lot with respect to which it is Piked and orr any improvements thereon, from fhe date the notice of delinquency thereof is filed in the of>rce of said Director of Records or County Clerk or other appropriate recording ofFce, until the same has been paid or released as herein provided. Such lien maybe enforced by said Association in the manner provided bylaw with respect to liens upon real property (ORS 94.709). The owner of said property at the time said assessment becomes due sha/! be personally liable for the expenses, costs and disbursements, including the reasonable attorneys' fees of the Association or of the Declarant, as the case maybe, of processing 2? - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE as .~ Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 22 of 41 "~ and if necessary, enforcing such liens, alt of which expenses, costs and disbursements and attorneys' fees shat! be secured by said lien, including fees on appeal, and such owner of fhe time such assessment is incurred, shall also be liable for any deficiency remaining unpaid after any foreclosure sale. No owner may waive or otherwise escape liability for the assessments provided for herein by non-use of the Common Areas or abandonment of his Lot or any improvement thereon. SECTION 14. SUBORDINATION OF THE LIEN TO MORTGAGES: The lien of the assessments provided for herein shall be inferior, junior and subordinate to the lien of any first (1st) mortgages and trust deeds now or hereafter placed upon said property or any part thereon in connection with the sale of said property. Sale or transfer of any Lot or any part of said property shall not affect the assessment lien. No sale or transfer shall relieve such Lot and any improvements thereon from liability for any assessments or from the lien thereof. SECTION 15, EXEMPT PROPERTY: The following property subject fo this Declaration shall be exempt from the assessments created herein: (A) Alt properties expressly dedicated to and accepted by a Local public authority; (B) The Common Areas; and, (C) AI! other properties owned or utilized for the enjoyment of the members in the Association's sole discretion. SECTION 16. FORECLOSURE OF LIENS FOR UNPAID COMMON EXPENSES: ThB Association shat! be entitled fo foreclose a lien as provided in ORS 94.709 as it can-enfly exists or is amended from time to time. In any legal action brought by fhe Association to 23 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRIGTIONS FOR DAISY CREEK VILLAGE a3 Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 23 of 41 foreclose a lien on a lot because of unpaid common expenses, the owner shall be required to pay reasonable rental for the use of the lot and improvements thereon during the pendency of the legal action. The Association shall have the power fo purchase the lot at fhe foreclosure sale and to acquire, hold, lease mortgage, vote the votes appurtenant to, convey, or otherwise deal with the property. A suit or action to recover a money judgment for unpaid common expenses shall be maintainable without foreclosing the liens securing same. SECTION 17. RESERVE TRUST FUNDS: The Association shall have authority fo elect by resolution to establish one or more trust funds to hold reserves for the maintenance, repair or replacement of specific items, in which case it shall either designate part of the regular assessment or establish separate assessments for such purposes. The proceeds therefrom shall be held in such trust funds and used only for fhe designated maintenance, repairs or replacements. ARTICLE 10 USE RESTRICTIONS The following restrictions shat! be applicable to the real property and shall be for the benefit of and limitations upon all present and future owners of said property, or of any interest therein: SECTION 1,. MAINTENANCE OF LOTS. All Jots, whether vacant or improved, occupied or unoccupied, and any improvements placed thereon, shall at all times be maintained in such manner as fo prevent their becoming unsightly, unsanitary, or a hazard to health. t/not so maintained, the Association shall have the right ,after giving thirty (30) days written notice to undertake such work as may be necessary and 14 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISYCREEK VILLAGE ~ t J "1 ~ Description: Jackson,OR Document-Year.DocZD 2004.62593 Page: 29 of 41 desirable to remedy the unsightly, unsanitary, or hazardous condition, the cost of which shall be paid by the owner of said lot. The Association has sole discretion as to what is unsightly or unsanitary. Neither the Association nor any of ifs agents, employees or contractors shall be liable for any damage which may result from any maintenance work as performed nor shall the Association or any of its agents or employees be liable for any /allure to exercise the right to also maintain any lot. SECTION 2. NUISANCES. No naxious or offensive activities ornuisances shall be permitted on any lot in the Development. No refuse, unsightly or abandoned vehicles, debris, noxious material, discarded personal effects, construction materials not for immediate use, compost materials or similar matter shall be permitted on any lot or portion thereof. !t is incumbent upon all property owners to maintain their lots and yards in a neat, orderly acid welt-groomed manner, whether said lots are vacant or improved. SECTION 3. S1GNS AND lOT NUMBERS. Other than during construction of a house, no sign, billboard or advertising structure of any kind may be displayed on any lot or parcel except upon application fo and receipt of written permission from the Association. The Association shall not unreasonably withhold permission with respect to signs advertising a home or a lot for sale. One sign, identifying the contractor during construction or advertising a home for sale, is permitted. Subcontractor and material person signs are prohibited. Contractor signs must be removed upon completion of construction or when lot has sold. Signs not meeting the standards and other specifrcations set forth herein, or as approved by the Association will be removed from the premises where displayed. They will be held for fourteen (74) days in the 25 DECLARATION OF COVENANTS, CONDITIONS AND RESTR1CT70NS FOR DAISY CREEK VILLAGE ~5' `\r Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 25 of 41 Order: o Comment: administrative office of the Association. ti not claimed within fourteen (14) days, the signs will be disposed of in the Association's sole discretion. Exceptions~to the above criteria maybe granted by the Association upon application. No other signs shall be permitted except as specified in this section. SECTION 4. ANIMALS. No animals shall be kept or maintained on any lot except the usual household pets not kept (or commercial purposes, which shall be kept reasonably conhned so as not to become a nuisance. Household pets shall not unreasonably interfere with the comfort, privacy or safety o/other owners within the Development. No dogs that have a known propensity, tendency or dispositions to attack without provocation or otherwise endanger the safety of persons and domestic animals (an example is a pit bull). SECTION 5. CbNCEALMENT OF TRASH RECEPTACLES. Every receptacle for ashes , trash, rubbish or garbage shalt be installed underground or be so placed and kept as not fo be visible from any street, tot or area within the Development except of the times when refuse collections are made. SECTION 6. ANTENNAS-SATELLITE DISHES. Television antennas, satellite dishes and antennas for shortwave or ham radio instaNations will not be installed on any tot without express written permission from the Committee. The sole exception are small satellite dishes which do not exceed an eighteen (18) inch diameter. An example is an RCA 18"dish. SECTION 7. AUTOMOBILES. TRAVEL TRAILERS. MOTOR HOMES AND BOAT STORAGE. No automobile, Crave! trailer, motor home, recreational vehicle (RV) house frailer, boat or 26 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE a~- Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 26 of 41 ~.-ate.- • ~„Mmo„ t boat trailer or other type of trailer shat! be parked within the Development for more than twenty-four (24) hours unless kept within a fully enclosed roofed garage! SECTION 8. RItSTRICTION ON MOTOR VEHICLES. No tieing unit shat! be allowed more than two {2) motor vehicles. No commercial trucks or motor vehicles are allowed with the sole exception of standard pickup trucks, vans or automobiles. sECrroN s. urluTY LINES, AI! utility lines and connections within the Development shall be placed underground. No light shall be suspended from a pole in excess often (1 t7) feet from the ground within the Development, except those owned and maintained by the City of Central Point or as expressly approved in writing by the Committee. SECTION 10. NO COMMERCIAL ENTERPRISE. No business or commercial enterprise shalt be performed or conducted upon any lot or within any dwelling or garage within the Development, except for a home business as allowed under the City of Central Point code covering planning and zoning and for construction and sales activities directly related to and during the Development stage o(the Development. Permission forany temporary construction or sales facility must be in writing by the Association and maybe revoked at any time by the Association. Nothing herein contained shat! be construed as preventing the construction of improvements within the Development approved by the Association. SECTION 11. PEACEFUL ENJOYMENT. No use of any lot or structure within the Development shall annoy or adversely affect the use, value, occupation and enjoyment of adjoining property of the general neighborhood. Final determination within these bounds shalt be left to the discretion of the Committee. 27 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE a7- Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 27 of 41 SECTION 12. EXTERIOR LIGHTING. Atl exterior lighting plans must be submitted to the Architectural Committee. Exterior lighting, which can be seen from the roads or a neighboring home site must be indirect. The light source may not be visible in such circumstances. The intent is to keep lights Jow in order not to infringe on any neighboring property. ARTICLE i0 DAMAGE AND DESTRUCTION SECTION 1. JNSURANCE PROCEEDS SUFFICIENT TO COVER LOSS. !n case of frre, casualty or any other damage and destruction, the insurance proceeds of the master policy, if sufficient to reconstruct the damaged or destroyed building, shall be applied to such reconstruction which shall commence within one hundred twenty (120) days of such damage, or as soon thereafter as proceeds are available. Reconstruction of the damaged or destroyed building, as used in this paragraph, means restoring the building fo substantially the same condition in which it existed prior to the fire, casualty or disaster, with each living unit and the common property having the same boundaries as before. Such reconstruction shall be accomplished under the direction of the Board of Directors. SECTION 2. INSURANCE PROCEEDS INSUFFICIENT TO COVER LOSS. 1(the insurance proceeds are insufficient fo reconstruct the damaged or destroyed building, the damage to, or destruction of, such building shall be promptly repaired and restored under supervision of the Board of Directors, using the proceeds of insurance, if any, on the building for that purpose and at! the owners shall be liable for assessment for any deficiency for such reconstruction, such deficiency to take into consideration as the 28 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRtCTlONS FOR DAISY CREEK VILLAGE ^ g Description: Jackson,OR Document-Year.DocZD 2004.62593 Page: 28 of 41 owners contribution any individual policy insurance proceeds provided by such owner. Such reconstruction shall commence within one hundred twenty (120) days of such damage, or as soon thereafter as proceeds are available. ' SECTION 3. ARCHITECTURAL CHANGES AFTER DAMAGE OR DESTRUCTION. Notwithstanding all other provisions hereof, the owners may, by an affirmative vote of a majority of both classes o/members cause an amendment to be made to the Declaration and Bylaws so as to facilitate architectural changes that the owners affected thereby and the Association deem desirable if, end only if, the partial or total destruction of the property by hre, casualty or other disaster is so great as to require the substantial reconstruction of the whole of the building. Any such amendment of the Declaration and Bylaws shall be valid only upon (1) the recording thereof with the appropriate offeror Jackson County; and (2) the rBCOrding with that recording officer of the approval thereof of each mortgagee and each other lienholder of record having a lien against any part of the project, or building affected by such amendment. SECTION 4. AUTHORITY The Board of Directors shall have sole authority to decide whether to repair or reconstruct a living unit that has suffered damage. ARTICLE 11 OECLARANT'S SPECIAL RIGHTS Until all Lots on the Property have been constructed, fully completed and sold, with respect to the Common Property and each Lot on the Property, the Declarant shall have the following special rights: SECTION 1. SALES OFFICE AND MODEL. The Declarant Shall have the right t0 maintain a sales once and model on one or more of the Lots. The Declarant and 29 DECLARATION OF COVENANTS, CONDITIONS ANA RESTRICTIONS FOR DAISY CREEK VILLAGE ~ QI Description: Jackson,OR Document-Year.DocZD 2004.62593 Page: 29 of 41 prospective purchasers and their agents shall have the right to use and~occupy the sates once and models during reasonable hours any day of the weeks. SECTION 2. "FOR SALE" SIGNS. The Declarant may maintain a rea,~onable number of "For Sale" signs at reasonable locations on the Property, including without limitation, the Common Property. SECTION 3. DECLARANT EASEMENTS. The Declarant has reserved easements over the Property as more fully described on Article 13 hereof. ARTlCCE 12 THE ARCHITECTURAL CONTROL COMMITTEE SECTION 1. RESTRICTION ON EXTERIOR REMODELING. ALTERATION OR MoDIFlcanoN. It is contemplated that all living units shall be constructed prior to sale and be part of a multiple family dwelling. For this reason, no exterior remodeling, alterations or modifications {exterior decorating) will be allowed without the prior written approval from all owners in the multiple family dwelling. In addition, the Association, through its Board of Directors, shat! also be required to approve in writing any ~- remodeling, alterations or modifications. This Article is included in order to have a mechanism for controlling remodeling, alteration or modification in the event the need arises. SECTION 2, GENERAL PowERS . All improvements constructed or placed on any lot must first have the written approval of the Committee. Such approval shall be granted only after written application has been made fo the Committee in the manner and loan prescribed by if. In the event a lot owner desires to redecorate the exterior of any existing structure, it shall be necessary to submit the proposed color scheme to the Committee for its approval. 30 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE 30- 1.r Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 30 of 41 .,_~ _ _ . ,. l.,...,.....~ ~. . Remodeling or adding to existing structures or making structural or architectural changes shall require the lot owner to submit complete plans to the Committee as in the case of erecting new structures. Failure of the Committee to comment do any application, property submitted, within forty-five (45) days of receipt by the Committee at its office shall be deemed approval of such application by the Committee. The Committee shalt have the power to render decisions on such other matters as are referred to the Committee under this declaration. Application for such decisions and the renderings thereof to be in accorrlance with such rules and regulations as may from time to time be adopted by the Committee. Committee comments with respect to any applications must be strictly followed. If requested by the Committee, applications must be resubmitted to the Committee, in which case the Committee shall have forty-five (45) days alter the re-submission to comment thereon. SECTION 3. COMMITTEE MEMBERSHIP. The Committee wilt consist of ERIC ARTNER, his successors or assigns until such time as the planned community is fumed over fo the ~, Homeowners'Association. SECTION 4. GROUNDS FOR DISAPPROVAL. The COmmittee may Irr Ifs SOIe discretion disapprove any application: a. If such application does not comply with the Declaration; b. Because of the reasonable dissatisfaction of the Committee with grading location of the proposed improvement on the lot, finished ground elevation, color scheme, exteriarfinish, design, proportions, architecture, shape, height or style of the proposed improvement, the materials used therein, the kind, pitch or type of roof proposed to be placed thereon, or (or purely aesthetical reasons. SECTION 5. RULES AND REGULATIONS. The Committee may from time to time adopt written rules and regulations of general application governing its procedures and 31 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE ~ , ' Description: Jackson,OR Document-Year.DocID 2009.62593 Page: 31 of 91 of the Committee shall be held liable to any person, whether an owner of a lot within the Development or not, on account of any action or decision of the Committee or lailure of the Committee to take any action or make any decision. SECTION 9. PRINCIPAL OFFICE. ThB principal o(flce Of the Committee Shall be at: DAISY CREEK VILLAGE, L.LC, P. O. BOX 609 JACKSONVILLE, OREGON 97530, or of such other address as the Committee shall notify the public of in writing from time to time. SECTION fo. ENFORCEMENT. In the event any improvement shall be commenced without Committee approval as herein required, or in the event any improvement is constructed not in conformance with plans therefore approved by the Committee, or not in conformance with this or any applicable supplemental declaration, the same shall constitute a violation of any portion of this Declaration. In addition to the remedies for violation of any portions of this Declaration, the Committee shall also have the power and authority to institute legal proceedings or take other action. The Committee shalt be ,` entitled to a mandatory injunction abating the violation. A!! costs of litigation, including attorney fees, shall be charged fo and paid by the defendant if the Committee prevails. Such charges shall constitute a lien on such property owner's lot from the date of entry of the judgment there in the judgment docket, and shall be enforceable as any judgment. In the event the Committee is not successful, each party shall pay its own costs and attorney fees. sECTION 1f. SEVERASILITY. The invalidation of any said covenants, restrictions, conditions, exceptions and reservations shall in no way affect any of the other provisions, all of which shall remain in full force and effect. 33 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE ~ 3 Description: Jackson,OR Document-Year.DocZD 2009.62593 Page: 33 of 91 ARTICLE 13 DECLARANT'S EASEMENT' The Declarant reserves fo itself a blanket easement over, upon, through and under the Property, including, without limitation, afl Lots and Common Property for all purposes reasonably required in carrying out the genera! plan of development or otherwise developing the real property, including without limitation, ingress and egress, the installation, maintenance, repair and replacement of all utility and service lines and systems serving the units ar other improvements developed on fhe Property and the development and sale of additional property, regardless of whether such additional property is subject to this Declaration. It is specifically understood and agreed that Declarant reserves an easement to provide ingress and egress, the installation, maintenance, repair and replacement of aN utility, service lines and systems necessary or reasonably necessary in order to develop adjacent property. The easement set forth in this Article shall be ~perpefual and shall run with the land and shall be freely assignable `, by Declarant. Nothing contained in this Article shall be construed to obligate the Declarant to install, maintain, repair or replace any utility, service line, system or other improvements unless Declarant has specifically agreed to undertake and pay for fhe work in a written, signed and notarfzed document. ARTICLE 15 GENERAL PROVISIONS SECTION 1. ENFORCEMENT.' The Association, or any owner, or the owner of any recorded mortgage, deed of trust or like instrument, on any part of said property, shall have the right to enforce, by any proceeding at law orin equity, all restrictions, conditions, covenants, reservations, easements, liens and charges now or hereafter 34 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRlCT10NS FOR DAISY CREEK VILLAGE i y f Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 34 of 41 r,.-,~...- . ,, n.........~,., f . imposed by the provisions of this Declaration. Failure by the Association, or by any owner to enforce any covenant or restriction herein contained shall in na event be deemed a waiver of the right to do so thereal3er. SECTION 2. SOLE JUDGE • INTERPRETATION. The Architectural Control Committee's decision on any matter within its jurisdiction shalt be final and binding on the parties in the absence of fraud, bad faith or the Committee's failure to exercise honest judgment. The Dec/arant's interpretation of any term, covenant, condition or restriction shall be final and conclusive in the absence of fraud, bad faith or failure to exercise honest judgment. SECTION 3. SEVERABIUTY: Invalldatlon of any one of these covenants or restrictions by judgment or court order shall in no way affect any other provisions which shall remain in full /once and effect. sECT~oN 4. AMENDMENT: The covenants and restrictions of this Declaration shat! run with and bind the Jand, and shall inure fo the beneht of and be enforceable by the Association, or the owner of any Lot subject to this Declaration, their respective legal representatives, heirs, successors and assigns, for a term of twenty-five (25) years from the date this Declaration is recorded, after which time said covenants shall be automatically extended for successive periods of ten (10) years each. Any of the covenants and restrictions of this Dectaration, maybe amended by an instrument signed by members entitled to cast not less than seventy-live percent (75%) of the votes. Ail such amendments shat/ be recorded in the appropriate Deed Records of Jackson County, Oregon, to be effective. 35 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE 3S~ Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 35 of 41 SECTION 3. NO RIGHT OF REVERSION.' Nothing herein COntalned In this Declaration, or in any form of deed which maybe used by Declarant, or its successors and assigns, in setting said property, or any part thereof, shall be deemed to vest or reserve in Declarant or the Association any right of reversion or re-entry for breach or violation of any one or more of the provisions hereof. SECTION 6. SUCCESSORS AND ASSIGNS • NO WAfVER. The provisions contained in this Declaration shall bind and inure to the benetrt of and be enforceable by Declarant, the Association and the owner or owners of any portion of said property, and their heirs and assigns, and each of their legal representatives, and failure by Declarant or by the Association or by any of the property owners or their legal representatives, heirs, successors or assigns, fo enforce any of such conditions, restrictions and charges herein contained shat) in no event be deemed a waiver of the right to do so. SECTION 7. ASSIGNMENT. Any or all rights, powers and reservations of Declarant herein contained maybe assigned to the Association or fo any other corporation or association which is now organized or which may hereafter be organized and which will assume the duties of Declarant hereunder pertaining fo the particular rights, powers and reservations assigned; and upon such corporation or association evidencing its intent in writing to accept such assignment and assume such duties, it shall to the extent of such assignment, have the same rights and powers and be subject to the same obligations and duties as are given to and assumed by Declarant herein, 36 DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE 36 , Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 36 of 41 Orr9nr • n ('nmmnnt SECTION 8. NOTICE TO OWNERS. NOTICE TO ALL OWNERS REGARDING RESIDENTIAL CONSIfRUCTION DEFECT CLAIMS: OREGON LAW CONTAINS IMPORTANT REQUIREMENTS YOU MUST FOLLOW BEFORE YOU MAY COMMENCE AN ARBITRATION OR A COURT ACTION AGAINST ANY CONTRACTOR, SUBCONTRACTOR OR SUPPLIER FOR CONSTRUCTION DEFECTS. BEFORE YOU COMMENCE ARBITRATION OR A COURT ACTION YOU MUST DELIVER A WRITTEN NOTICE OF ANY CONDITIONS YOU ALLEGE ARE DEFECTIVE TO THE CONTRACTOR, SUBCONTRACTOR OR SUPPLIER YOU BELIEVE IS RESPONSIBLE FOR THE ALLEGED DEFECTANO PROVIDE THE CONTRACTOR, SUBCONTRACTOR OR SUPPLIER THE OPPORTUNITY TO MAKE AN OFFER TO REPAIR OR PAY FOR THE DEFECTS. YOU ARE NOT OBLIGATED TO ACCEPT ANY OFFER MADE BY THE CONTRACTOR, SUBCONTRACTOR OR SUPPLIER. THERE ARE STRICT DEADLINES AND PROCEDURES UNDER STA TE LAW. FAILURE TO MEET THESE DEADLINES OR FOLLOW THESE PROCEDURES WILL AFFECT YOUR ABILITY TO COMMENCE ARBITRATION OR A COURT ACTION. r.. IN WITNESS WHEREOF, the undersigned has executed this Declaration of Covenants, Conditions and Resfrictions for the DAISY CREEK VILLAGE this $Mday of October, 2004. DAISY CREEK VILLAGE, LLC AN OREGON LIMITED LIABILITY COMPANY ~~ BY: ERIC ARTNER, ITS MANAGING MEMBER OFFICIAL SEAL STATE OF OREGON ) LINDA COFFMAN NOTARY PUBLIC-OREGON ) SS. COMMISSION N0. 779188 County of Jackson ) MY C06RdISSIOr: FzrIRF.S MAR. 71, 2008 The foregoing instrument was acknowledged before me this$ day of October, 2004, by ERIC ARTNER, MANAGING MEMBER OF DA/SY CREEK VILLAGE, LLC, AN OREGON LIMITED LIABILITY COMPANY, on be~h~alf~and authority of the company. COY. Notary Public f regon My Commission Expires:p`8 37 - DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE 3~~ Description: Jackson,oR Document-Year.DocID 2009.62593 Page: 37 of 41 EXHIBIT "A" DAISYCREER VILAGE I Phase 1 Exterior Boundary Description All that real property situated within a portion of Lot "A" of the Cooksey Addition to the City of Central Point, being located within Donation Land Claim Number 53, in the Northeast One-quarter of Section 10, Township 37 South, Range 2 West of the Willan~ette Meridian, in the City of Central Poin[, Jackson County, Oregon, more particularly described as follows: Commencing at the Southeast Comer of Lot "A" of COOKSEY ADDITION to the City of Central Point, Jackson Chanty. Oregon; thence North 35°09'30" West, 210.83 feet (Record: 211.2 feet), to a 2 inch iron pipe munumenling the True Paint of Beginning; thence continuing North 35°09'3U" West, 528.74 feet (Record: 528.75 feet); thence South 54°51'00" Wcsl, 129.05 feel (Record: 129.20 feet), to the southwesterly line of tract described in Document Number 77-2698$, of the Official Records of Jackson County. Oregon; thence along said southwesterly line, South 34°47'44" East, 396.91 feel (Record: 397,21 feet); thence South I1°56'UO" East, 83.86 feet (Record: South 11°5G' East, 83.62 feet), thence North 73° 14'51" East, t 73.51 feet (Record: 173.52 feet), to the True Point of Beginning. Containing 1.55 acres more or less. Basis of bearings foi this description is Geodetic North based on WGS datum, attained by Global Positioning System (GI'S) observations. Basis applied to the centerline of Pine Street. REGISTERED NEATHAMER SURVF.Y/NG, /NC. PROFESSIONAL 3126 State Street, Suite 200 LAND SURVEYOR PO Box 1584 Medford, Oregon 97501 ~ ~ ~ Phone: (541) 732-2869 Fax: (541) 732-1382 OREGON JULY 09, 2001 CAEL E. NEATHAMER LS 5ti545 RENEWAL. OEC, 3t, . Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 38 of 41 .,~a,.~ . ~,,..,.,,o., t . `, EXHIBIT `B" DAISY CREEK VILAGE Phase 1 and Future Property Exterior Boundary Description All that real property situated within a portion of C,ot "A" of the Cooksey Addition loathe City of Central Point, being located within Donation Land Claim Number 53, in the Nortlreasl One-quarter of Section 10, Township 37 South, Range 2 West of the Willamette Meridian, in the City of Central Point, Jackson County. Uregon, more particularly described as follows: Commencing at the Southeast Corner of Lot "A" of COOKSEY ADDITION to the City oFCentral Point, Jackson County, Oregon; thence North 35°09'30" West, 210.83 feet (Record: 211.2 feeQ, to a 2 inch iron pipe ntonumenting the 'true Voint of Beginning; thence continuing North 35°09'30" West, 528.74 feet (Record: 528.75 feel); thence South 54°51'00" West, 129.05 feel (Record: 129.20 feet), to the southwesterly line of tract described in Document Number 77-26988, of the 0flicial Records of Jackson County. Oregon; thence along said southwesterly line, South 34°4744" East, 396.91 feet (Record: 397.21 feel); thence South I I°SG'00" Cast, 83.86 feet (Rearrd; Soutlr I I°56' East, 83.62 feet), thence North 73°14'51" East, 173.51 feet (Record: 173.52 feet), to the True Point of Beginning. Also, a portion of Parcel 2 as described in Document Number OI-42284 of the Official Records of Jackson County, Oregon, being more particularly described as follows: Commencing at the Southeast Garner of I_ot "A" of the COUKSfiY ADDIl1UN to the City of Central Point, Oregon, Jackson County, Oregon. according to the Uflicial Plat thereof, now of record: thence along the easterly boundary of said lot, North 35°09'30" West, 11.22 feet to the Culure northerly right of way of Ash Street, and the True Point of Beginning; thence continuing along said easterly boundary, North 35°09'30" West, 338.41 feet u, the centerline of Alder Street of aforesaid plat, and as vacated pursuant to Ordinance No. 179 of the City of Central Point, (7regon; (hence along said centerline, North 54°51'26" East, 280.45 feet to a point on the future right of wuy of 1{askell Street, being 9.50 feet southwesterly, when measured at right angles to the existing right of way; thence along said future right of way and parallel to the existing right of way, South 35°08'34" Fast, 320.00 feet to the beginning of a tangent curve to the right, having a radius of 20.00 feet and a central angle of 90°00'00" (the long chord of which bears Sotrth 09°51'26" West, 28.28 feet); thence along the arc of said cun~e, 31.42 feet, being a point on the future northerly right of way of Ash Street; thence along last said right of way, South 54°51'26" West. 242.69 feet to a tangent can-e to the right, !raving a radius of 99.00 feet and a central angle of 10°16'46" (the long chord of which bears South 59°59'49" West, 17.74 Ceet): thence along the arc of said curve, 17.76 feet to the Point of Beginning. Containing 3.74 acres more or less. Basis of bearings for this description is Geodetic North based on WGS datum, attained by Global Positioning System (GPS) observations. basis applied to the centerline of Pine Street. REGISTERED NEATNAMER SURVEYING, INC. PROFESSIONAL 3126 Slate Street, suite 2oU LAND SURVEYOR PO Box 1584 Medford, Oregon 97501 ~ ~ ~4~10atN Phone: (541) 732-2869 Fax: (541) 732-1382 OREGON JULY 09, 2001 GAEL E. NEATHAMER LS 56545 RENEWAL. DEC. 31, Description: Jackson,OR Doctunent-Year.DocID 2004.62593 Page: 39 of 41 rrO- W Q W x Q w a a 2 fi0 V ~¢ ~~) 0 °~ UO n ~ ~ P ~ , ~py~~ R Exhibit "C" fi a sp a, a o °a ~pp~~ ~y ~N~ ~2 d ~ C e~ I ? f ~ hNO ",ten ~~`-~ u~~o~~ ~ , ~, 6~~ icn of '~ `o YA 'ao~ tl b \ C 41 !~~ ~Np$o ~ ff¢¢¢¢¢¢ y ~.h4i44 y Vn~ ~ ~ < ~ m ,, N ~~~ a ~ a ' 1 '• +z @ se ` adl ,iAIN4 y~~f(I f ' __..V L~__._ `` c %c~~x. voc.ocra'~ ~yA~~'?7~~ ,y~.aK~hfH, , ~,, ~~ F .Kn Kacoc.w,' s , ~ ~ I (I b 6 ~ IM ~ ~ s" 8 5- gl 1; ~ i 8rf 9 a I .KiL KCiOGhR ^+ , I ~ ~ ; I I ~'~ 9~_.K4 Kzuc,.vr 9 ~ , I I ~ ~~ R $ ~~ _.ca _~ oc.l K4 KOCOL~ .KGL KOGOG.1 ~~-,~: ..cc~. ococ. K4 MKOG.~ ss K~xoc~ ti .1_.. _.......... T..ca aal r31 a ie$ ~ k~+ #~~ s e° ~~{ ~yR~ Z s~~~ ~~ f~ ~VVVV ~ b V. ~~3E3 a~ """°' i ~ byy~y ~~; ~''] k`/, 3n~i QIQ ~~~a F < n W Qi ~ nr l ~~ xw~ axW U p., Z ~' a F R 6 cII ~ ~ ~11~ o ~ ~ ~~ ~ ¢ a ~a ~ pk ~~ i y 7 ~ sa 4 ~ a t;~ q rtK aecx.cc ------ .'~s~Q i 11 ~n' ~ ~ R 14 { _ I I~ ~ j g a~ N O Ih 11 I O I iA I a~_~~ ~ ;$ ~ I i x ~~~ ~ ' I I R w e _I .) I l _8Q ~; ;I I ~ 2 S , ~~ 1, I p I N] <; ~' I I 1. ___~~I~.I I ~ ~~I I a a~ x~g ~ ~~,- -, i 9 a..«'~ a ; W I `~~~I - RQ-"O ~~ MKlKIR ~, I 2 1 ~ I , I ' _ F .Ka acac..as Y1 1 I I ~ ~ . . yy p y 9i i t i S~ ~ ~ I I `4~ 5 ~ i''I~ I ~ ~ .KCi KOGOGwc __ Q ~ ~ j % 1 I//t I y ~ES __. - _-_. ~ i- t« ..tea K«~... 9r ~« Q ~ .K4 Cii s a~ ~ 5- ..~n MR M s ~ i Rt _ _ :_ S ~ - --a-~-{-~-"--a'aAIA-t.~ S~ b E It ~ U ~ ,YiGt ioGOG.rW 9 f ` ••~ - - acci~ nm.F.wc - r e ~ r Ij F sn ~ a~oe~sr _I ^ T 47 iaa :s ywi R .KGL MAGa..P. 1 ~Kf[I U A .,w",;;~.. ~tN ,c n J ~ 3 ~ ~ 4L . K ~ ~ 4,~a' (_ ~8 , ~~•~ yr 3 ~I i~ 9 1 ¢ ~ Ye ~ I C ¢~ ~ 9 ~ ~ ! $ GI _ sl ~ - I I rl ~ ~g ~ ~ i e e yp f ~ ! • 0 q b ~ Yg 5 sl ~ ~~ ~ ~ ~I° B~ 'r„a \ s ~~ e ~ ~ 8 i ~ ~ ' d ~ ~ 6~ C .... a~ % ~~ ~ i I I ~,~ 3 ~ is ! A a t j ~ 8 ~ ~ t I I \ ~iZ~ seas ~ ~#~=e i ~~ ;~ 3~~~ ~~ ~~~ $~>e~ ~ r ~ ~ ~$4~t ~~~$~~~~ ~~~dg~j ~ ~- I ~ g ~ ,~~... iNld pegp ~~~e3 MK<KC ~~y~ xws MMfLNi 1 Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 40 of 41 .,ra,.,- . .. ~,...,.,,,... ~ . ~„ EXHIBIT "D" DAISYCREER VILAGE Phase 1 Common Saace Exterior Boundarv Descrinfion All that real property situated within a portion of Lot "A" of the Cooksey Addition to the City of Central Point. being located within Donation Land Claim Number 53, in the Northeast Une- quarter of Section l0. 'Township 37 South, Range 2 West of the Willamette Meridian, in the City oC Central Point, Jackson County. Uregon, more particularly described as follows: Commencing at the Southeast Corner of Lot "A" of COOKSEI' ADDITION to the City of Central Point, Jackson County. Oregon; thence North 35°09'30" West, 210.83 feet (Record: 211.2 feet), to a Z inch iron pipe monumenting the True Point of Beginning; thence continuing North :15°09'30" West. 51.73 feel; thence South 54°50'30" West, 58.92 feet; thence South 73°14'41" \Vcst, 15.41 feet; thence North 35°09'30" West, 231.64 feet; thence North 54°50'30" East. 73.54 feet; thence North 35°09'30" West, 33.50 feet; thence South 54°80'30" West, 73.54 feet; thence North 35°U9'30" West, 207.01 feet to a point on the southwesterly line of tract described in Document Number 77-26988, of the Official Records of Jackson County, Oregon; thence along said line, South 54°51'00" West, 55.51 leet; thence South 1 I°86'00" East, 83.86 feet (Kecord: South I1°56' East, 83.62 feel), thence North 73°14'51" East, 173.51 feet (Record: 173.52 feet), to the True Point of Beginning. Containing 0.80 Acres, more or less. Basis of bearings for this description is Geodetic North based on WGS datum, attained by Global Positioning System (GPS) observations. Basis applied to the centerline of Pine Street. NEATHAMER SURVEYING, INC. REGISTERED 3126 State Street, Suite 20o PROFESSIONAL PO Box 1584 . LAND SURVEYOR Medford, Oregon 97501 Phone: (541) 732-2869 ~ L ~~~~ Fax: (541)732-1382 OREGON JULY 09,2001 GAEL E. NEATHAMER LS 56545 RENEWAL DEC. 91, !~' 91 Description: Jackson,OR Document-Year.DocID 2004.62593 Page: 41 of 91 .,_a.. _ . ,. .-,.......,,... ~ . Jackson County 016cial RecorOS 20Q5-034684 R•UR Cnt=1 Sln=9 WALKERCLS~~ ~~~ b1:69:Z2 PM azo Oolss oo sl l oo Tota1;S38.00 IIII~IIIIIIIII IIII II~IIIII I I~I IIII III I IIIIIIIIII 0111857620p5003468400d0040 r. K.nr«~ t. a°owce, cavnH a.rw r°. ~.~w.°~ ca,,,ry, organ, SUPPLEMENTAL DECLARATION TO THEO [wm+ysn.rre.m.nvm«dmwMln.enwnrnw«r"°raar°m•a.,w ncorlt. Kelhleen S. 8eckeU -County Clerk COVENANTS, CONDITION;. 8 RESTRICTIONS FOR DA/SY CREEK VILLAGE ~ 5 A PLANNED COMMUNITY TO THE CITY pF CENTRAL POINT ~ { This is a Supplemental Declaration to the Declaration of Covenants, Conditions and Restrictions for Daisy Creek Village, a planned community to the City of Central Point, Oregon. The Declaration is dated the 8th day of October 2004, and was recorded on the 26'" day of October, 2004, as Document No. 04-062593 in the Official Records of Jackson County, State of Oregon. The Bylaws of the Daisy Creek Village Homeowners' Association are also dated the 8'" day of October, 2004, and were recorded on the 26v" day of October, 2004, as Document No. 04-062592 in the O>gcial Records, Jackson County, Oregon. The 8y/aws are incorporated by reference as if fully set forth herein. i. In the Declaration, Declarant reserved the right to annex additional property and to subject the additional property to the terms and provisions of the Declaration, the Articles of Incorporation of the Daisy Creek Village Homeowners' Association, Inc., and its Bylaws. Declarant is exercising its right to annex the additional property described as: DAISY CREEK VILLAGE, PHASES 2 AND 3, RECORDED ON MAY 10, ?005, IN VOLUME 31 OF PLATS, A T PAGE 25 OF THE RECORDS OF JA CKSON COUNTY, OREGON. The additional property is shown on the plat which is marked Exhibit A" and attached. Alt Covenants, Conditions and Restrictions in the Declaration are incorporated by reference as if fully set forth herein. Daisy Creek Village, Phase II and Phase Ill, a 1 - SUPPLEMENTAL DECLARATION TO THE DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR DAISY CREEK VILLAGE `~-' Description: Jackson,OR Document-Year.DocID 2005.34684 Page: 1 of 4 Planned Community to the City of Central Point, Jackson County Oregon, is bound by ~„ and subject to the Covenants, Conditions and Restrictions. 2, Phases ll and Ill consist of thirty-six tieing units in nine separate buildings. Except as supplemented or amended herein, the undersigned arms and ratifies the Declaration for palsy Creek Village. IN WITNESS WHEREOF, the undersigned has executed this Supplemental Declaration to the Declaration of Covenants, Conditions and Restrictions for Daisy Creek Village this ~_ day of June, 2005. ~- C DAISY CREEK VILLAGE, LLC AN OREGON LIMITED LIABILITY COMPANY BY: ERIC ARTNER, ITS MANAGING MEMBER STATE OF OREGON ) ss. Covnty of Jackson ) The foregoing instrument was acknowledged before me this ~~'day of June, 2005, by DAISY CREEK VILLAGE, LLC, AN OREGON L1M1TE0 LIABILITY COMPANY, BY ERIC ARTNER, ITS MANAGING MEMBER On behalf and authority Of the Company. t~FFICIAL SEAL Notary Public for O on ,.~ NoTAROv Pua~c oRECON My Commission Expires:;/C7~ CUMAt;SStON ryU. 379786 MY COAIMISuIOk ~ r~'+18ES MAR ;!!, 2CgB 2 - St1PPLEMENTAL DECLARATION TO THE DECLARATION OF COVENANTS, CONDITIONS AND RESTR/CTlONS FOR DAISY CREEK VILLAGE Description: Jackson,OR Document-Year.DoclD 2005.34684 Page: 2 of 9 i 6 ~ • ~ ~~ s~ ~Qr e f ~ ~ ~~ ~~ ~~~ ~~~ jt 6k ~ ; '~ rs ~ F r €~ a ~ ;~ gs i ~~ ~~~ ~~ ~~ ~~ S~ ~~ ~~ ~~~ % ~f aa~~ ~~ a~ ~~~~ ~~~ ~~rti ~ ~e ~~ ~~ ` pp , d~ ~ z~,l~ Fad t~Q~ t~:~ . 3 ~t o1 ~ w a ~ a~ w a F V o: u N Y N Ni 41' d~ ~' 5 ~i a U y a 7 r ~ ~ ~ e g L 1 ~ ~ i 5 e •' g ~ ~~~ ~ i " i ~ ~ ~ ~ e ~ ~ N ~ ~ x= ~ ts ~a~~..a s ]~ ! i ' ~ ~ a ~ ~ € Q ~ ~ Lh4~iti Z ° ~~ ' ~_ ~ ~~ n 4 A ~ ~ C #~ = 4t ° 1 ~~ ~~ ~ i ~~ ~ ~ ~~ ~ ~ ~l~~~ ~ ~~~~~ , $ ~ ~ ~ ~ ~.~ u f ~~ s r ~ tai ~' ~~ ~~1%}~r ~~~ r~J~t~~i ~~~ ~ g8 ,~~~ d ~4 ~ ~~~ is g x , r r q ~' ; ~ ~ k~ MI~ ~~Q~; ,¢~SQejaiF~i V ~T~~ ~ ~l,.?~ g Xdg 5 ~t~ ErFr EBfredEr ~ ~: ~rf~;f~ ;- ~~g ~'~~y~~-- x~ ~ ~ ~ ~1 "" ~~:t~ ~ ',~j~~i~li~[~l ~ .,~;~~~ ~~~~ ~ ~ fls~ ~~ij~i~f ~~ dztdl~d ~ z jl ~~ -~13; ~ ~tr~Qf~i„~r~ t ~~C~,~l~l.~ ~k i ~ 1$ ~ . Y~ ~ ~ ~~ ~i~t ~~~ld$~. li ~,i~$~~ ~i~ ~~ ~r { s_ ! ti a ~~ A ~ ~~ ~C 0. ~~ o Ij~e pp d ~!i ~ !! i~! ~~~ d ~~ ai ~~~ ~ ~~vi i~~ ~ 2 ~r.~~ ~ ~~ i;t ! add` . ~~"~~ ;~ ~~e g. ~'~ $ $ Q,~~ ~rf r ~~~~ i~~ r ~ ~~ l ~ ,iw~ ,~~ ~~ Mn ~~ ~ ~ R ~~~r ~~ o a~,, ~ o , ~ ~ , Q s r ~ ~ ~ { ~ y Y ~ ' r E 4 y [ { 0 ~~~i ~~ ~ ~ ~f ~ a f ~ 3 ~r~r ~ i ! ~ "1 / Description: Jackson,OR Document-Year.DoclD 2005.34684 Page: 9 of 9 a„~" ~~,^;~°'