147 NW Saddlehorn Ct E-Book

8933 NW Elizabeth Way

HEY, WE’RE TEAM RHODEN

Real Estate begins with property, but it doesn’t end there. Our mission is to create lifelong relationships. We believe that working hard at something you love to do, with people you trust, is one of the greatest experiences in life

We offer extensive real estate knowledge and unsurpassed experience as one of the area’s top team of brokers with more than 50 years of experience. Well known in the industry for professionalism and loyalty, we have built a solid reputation for putting our clients goals first while bringing a highly personalized approach to each and every transaction

N W

S A D D L E H O R N C T

1707 Square Feet

3 Bedroom/2 Bath Wrap Around Front Deck

Large Corner Lot

2 Tool Sheds w/Power

D N E W E R

A P P L I A N C E S , A N D C O M F O R T A B L E , F U N C T I O N A L L I V I N G S P A C E S

D E S I G N E D F O R E V E R Y D A Y L I V I N G A N D E N T E R T A I N I N G . M A J O R

U P G R A D E S P R O V I D E P E A C E O F

M I N D , I N C L U D I N G A B R A N D - N E W

H V A C S Y S T E M I N S T A L L E D I N 2 0 2 5 A N D A N O N - D E M A N D W A T E R H E A T E R F O R E F F I C I E N C Y A N D

C O M F O R T Y E A R - R O U N D . E N J O Y

O U T D O O R L I V I N G W I T H A L A R G E

O V E R E D F R O N T D E C K A N D A

C O V E R E D P A T I O O V E R L O O K I N G T H E F U L L Y F E N C E D B A C K Y A R D I D E A L F O R R E L A X I N G , P E T S , O R G A T H E R I N G S T W O F I N I S H E D A N D I N S U L A T E D S T O R A G E B U I L D I N G S W I T H P O W E R O F F E R E N D L E S S P O S S I B I L I T I E S F O R H O B B I E S , A W O R K S H O P , O R E X T R A S T O R A G E .

L L F U R N I S H I N G S I N C L U D E D . T O O M U C H T O L I S T , S E E P R O P E R T Y F E A T U R E S L I S T A T T A C H E D .

P H O T O G A L L E R Y

P H O T O G A L L E R Y

P H O T O G A L L E R Y

P H O T O G A L L E R Y

P H O T O G A L L E R Y

P H O T O G A L L E R Y

Rhoden

Property Features Team

2007

Upgraded kitchen to Granite Counter Tops, Farm Sink, Water faucet, New Appliances

Flooring in Every Room

New Master Bath Sinks, Faucets & Toilet

Installed Free Floating Glass Shower Doors & New Shower Head

The same was done with the smaller unit used as a grandchilds playhouse without speakers 2020

Added 2 Outdoor Storage Unit nd

Insulated, Dry Walled, Taped & Textured

Electrical Panel Added

Lighting & Speakers Installed

Exterior Paint

Additional Backyard Fencing Installed

Created Additional Parking and or RV Parking Next to Garage 2022

2023-2025

Added Flat Screen Fire TV to Living Room with Wireless Surround Sound System

Added Flat Screen Fire TV’s to Bedrooms (ALL TV’S ARE INCLUDED)

Interior Garage Painted

3 Part Epoxy Flooring Installed in Gargage

Replaced Overhead Garage Door Openers with Side Mount Openers

New Led Lighting in Garage

2025-2026

New HVAC System Installed Including a New Natural Gas Furnace, Additional Air Return in Living Room, Whole-house Electrostatic Air Filtration System

New On Demand Natural Gas Water Heater

Upgraded Whole-house Water Filtration System

Refreshed Paint on House Front

Sanded Front Deck & Stained

Updated All Rooms, Paint, Lighting, Ceiling Fans, Switch & Socket Wall Cover Replaced

New Laminate Flooring in entire home

Replaced 7 Outdoor Light Fixtures to Dusk to Dawn Motion Detection

Updated All Bathroom Faucets

P R O P E R T Y P R O F I L E

Crook County 2025 Real Property Assessment Report Account 18341

Map 141630-AD-00600

Code - Tax ID 0016 - 18341

Legal Descr SADDLE RIDGE RANCH P.U.D.

Mailing THORN RAYMOND W & DIANE M 147 NW SADDLEHORN COURT PRINEVILLE OR 97754-3206

Property Class 101

12/30/2025 1:49 PM

Deed Reference # See Record

Sales Date/Price See Record Appraiser

RMV Class 101 MA 01 SA 00 NH 020 Tax Status Assessable Account Status Active Subtype NORMAL Lot - 25

CROOK COUNTY ASSESSOR

Owner 18341 141630AD 00600 THORN RAYMOND W & DIANE M 147 NW SADDLEHORN COURT PRINEVILLE OR 97754-3206 12/30/2025 1:49:16

STATEMENT OF TAX ACCOUNT

CROOK

PRINEVILLE, OR 97754

M A P S

C C & R S A N D B Y - L A W S

H O A I N F O R M A T I O N

Board of Directors Meeting Minutes

Saddle Ridge Ranch Owners Association Wednesday, April 30, 2025, at 5:00 PM Mile High Community Management

Date and Time: A meeting of the Board of Directors was held on Wednesday, April 30, 2025, at 5:00 PM remotely through Zoom teleconference.

Call to Order: The meeting was called to order by the Board President, Thomas Jay at 5:04 PM.

Quorum: The following directors were present: Thomas Jay, Bill Gowen and Michael Fox There were two homeowners in attendance. Jim Bemis and Debbie Lindell represented Mile High Management. Quorum established.

Minutes: The meeting minutes from the October 17, 2024, Board Meeting were distributed to the board prior to the meeting for review.

• Motion to approve the October 17, 2024 Board of Directors meeting minutes with the amendments stated at the last meeting, made by Michael Fox and seconded by Thomas Jay. Unanimous approval.

Financial Report: Report was given by Jim Bemis, MHCM The financial packet dated March 31, 2025, was reviewed with all present. As of March 31, 2025, the operations account had a balance of $ 15,929.05 and the reserve account had a balance of $ 131,375.31, for a total cash position of $147,304.36. The motion to accept the financial report dated March 31, 2025 was deferred. MHCM will look into an error found during the presentation and will keep the board updated on the resolution.

Management Report: The Saddle Ridge reserve study identifies the following assets for maintenance this season: Bark Update, Supply Lines, Fence Staining, Crack Seal , Pump House Preparation, Staining and Trim Painting. The pump house has also been identified with flooding and mud issues, and additional gravel is needed around the structure.

Suggestions from Matt Hagedorn offered an assessment that the pump house should be painted rather than stained, and should include scrapping and a waterproof primer, as it would provide better long-term protection.

Unfinished Business:

Irrigation update: Matt Hagedorn provided an update to the board. The new filters have been installed, but the situation has not been resolved. There are several possible reasons for the restricted flow situation. The new filter has been checked and there is no evidence of muck or mud. A low inlet flow concern was suggested by the landscaper and will be verified this week, There may be inlet feed line blockages, or poor installation of feed lines (such as the use of multiple right-angle bends) which will also be checked.

Matt Hagedorn looked at the overall performance and capacity issues He included and considered how additional future capacity is needed, based on the vacant lot and builds which are on-going. As the current pump’s condition is still very good, the board approved increasing the pump capacity, likely up to a ten-horsepower unit, and returning the current unit , to offset the costs of the upgrade.

Owner Matt Hagedorn will be reimbursed for his expenses in solving the irrigation issues. The board asked him to send his and invoices to MHCM for payment.

recorded by Debbie Lindell, MHCM

New Business:

The board discussed and added several other projects.

Horseshoe Lane. The board agreed the area needs improvement, and will be upgraded to use dry land bunching grasses such as fescue, following a weed abetment process, and the addition of a gravel bed.

Saddle Ranch Loop, the sloped area on the edge of the pavement has been used as additional parking, causing damage to the slope, the swale and has increased pavement loss. Additional gravel and repair of the swale has been scheduled.

Tom Jay to schedule the crack sealing task.

Matt Hagedorn will request bids from several known paining contractors along will a contact provided by MHCM. Matt Hagedorn has combined the tasks involving gravel updates, such as Horseshoe Lane, the Pump House base, and the Saddle Ranch Loop swale.

Open Forum: The floor was given to homeowners to discuss any concerns or questions with the Board of Directors. No Addition concerns were discussed.

Next Meeting Date: The next meeting will be held on Thursday August 21, 2025 at 5:00 PM.

Adjourn: There being no other business a motion to adjourn the meeting at 5:50 PM was made by Thomas Jay. Unanimous approval.

Secretary

Date

Board of Directors Meeting Minutes

Saddle Ridge Ranch Owners Association Thursday, August 21, 2025, at 5:00 PM

Mile High Community Management

Date and Time: A meeting of the Board of Directors was held on Thursday, August 21, 2025, at 5:00 PM remotely through Zoom teleconference.

Call to Order: The meeting was called to order by the Board President, Thomas Jay at 5:10 PM.

Quorum: The following directors were present : Thomas Jay and Michael Fox There were three homeowners in attendance. Jim Bemis and Jill Bemis represented Mile High Management. Quorum established.

Minutes: The meeting minutes from April 30, 2025, Board Meeting were distributed to the board prior to the meeting for review.

• Motion to approve April 30, 2025, Board of Directors meeting minutes, as written, was made by Michael Fox and seconded by Thomas Jay. Unanimous approval.

Financial Report: The financial report was given by Jim Bemis of MHCM. The financial packet dated July 31, 2025, was reviewed with all in attendance. As of July 31, 2025, the operations account had a balance of $2,654 25 and the reserve account had a balance of $138,160.42, for a total cash position of $1 60,814.67.

• Motion to accept the financial report dated July 31, 2025, as presented, was made by Michael Fox and seconded by Thomas Jay. Unanimous approval.

The Financial report of March 31, 2025, was reviewed by the board with Jim Bemis of MHCM.

• Motion to accept the financial report dated March 31, 2025, as presented on April 30,2025, was made by Michael Fox and seconded by Thomas Jay. Unanimous approval.

Management Report: Jim Bemis of MHCM delivered the management report. He noted that preparation for the 2026 budget is underway, and a preliminary budget will be presented at the next board meeting.

Landscape and Maintenance Report-Thomas Jay reported that the weeds in a residents yard have been resolved

Pump System Update- The pump issue remains unresolved. Matt has been working with Thompson Pump; however, no measurable improvement in water volume has been achieved. MHCM will follow up directly with Thompson Pump to obtain a detailed update on the work completed to date and the next steps required.

Unfinished Business:

New Business:

Common Area Landscaping and Weed Control- Michael Fox presented a bid from High Desert Irrigation in the amount of $11,000.00 to poison, clear, and drag the affected area, thereby removing weeds and Cheat grass and re-seeding with native grasses. He noted that prior treatments by Wendel, which involved spraying, were not effective in eliminating the invasive weeds and grasses.

• Motion to hire High Desert Irrigation for the weed lot cleanup was made by Thomas Jay and seconded by Michael Fox. Unanimous approval. MHCM will contact High Desert Irrigation to get started on the project.

Landscape Bid for 2026-Mile-High Community Management will obtain bids for the 2026 landscaping season and present them to the Board for review and consideration at the next Board of Directors meeting .

recorded by Jill Bemis, MHCM

Open Forum: The floor opened to homeowners to discuss any concerns or questions with the Board of Directors

Ray reports that he has been concerned about the landscaping in the wetlands area. It has been looking bad. This is the area that the board will be addressing with High Desert Irrigation.

Rick is interested in getting a list of the materials and sprays that will be used by High Desert Irrigation .

Next Meeting Date: The next meeting will be held on October 29, 2025, at 5:00 PM via Zoom.

Adjourn: There being no other business, a motion to adjourn the meeting at 6:07 PM was made by Thomas Jay Unanimous approval.

Secretary Date

SADDLE RIDGE RANCH

Architectural Review Committee

Rules and Guidelines for Design & Construction

October 2013

Introduction

These Architectural Review Committee (“ARC”) Rules and Guidelines for Design and Construction at Saddle Ridge Ranch (the “ARC Guidelines”) have been prepared to assist you through the process of designing and building your home in Saddle Ridge Ranch. The intent is to ensure the preservation of the Central Oregon western environment and to require home designs in support of that intent.

The ARC has been established to implement and administer the ARC Guidelines for Saddle Ridge Ranch

As was the case with the creation of these Guidelines, the review process is to be implemented with the best of spirit from both the ARC and Applicants proposing designs for review.

We urge you to contact the ARC prior to filing any application to be sure you have the most current set of policies and guidelines. Only the most recent copy of the Application and Submittal Form will be accepted for review by the ARC.

Additionally, all unimproved homesite lots are subject to the revised policies regardless of date of purchase of the homesite lot.

Please direct your questions and submission to:

Saddle Ridge Ranch ARC

c/o Resort Resources, Inc.

P.O. Box 1466

Bend, OR 97709

PHONE: (541) 383-1586

FAX: (541) 383-3307

EMAIL: karen@resortresources.com

I. GENERAL INFORMATION

Saddle Ridge Ranch Owners Association (“SRROA”) has formed an Architectural Review Committee (“ARC”) as described by the Planned Community Subdivision Declaration (“Declaration”) for Saddle Ridge Ranch. The ARC may consist of no less than three members appointed by the Declarant or Board of Directors, and it exercises its responsibilities and authority in accordance with the Declaration. 1

There are few general points you should keep in mind when reading the ARC Guidelines. First, these have been developed to help you through the process of designing and building your home at Saddle Ridge Ranch. Their intent, and the responsibility of the ARC, is to ensure the preservation of the natural beauty of the site and to maintain the level of quality and aesthetic standards, which have been established as the standard. These rules provide some broad indications of goals and objectives as well as some clear prohibitions and requirements. These guidelines, however, are not the exclusive basis for decisions of the ARC and compliance with the guidelines does not guarantee approval of an application.

In reviewing each submission, the ARC may consider any factors it deems relevant, including without limitation, balance of external design and compatibility with surrounding structures and the environment.

Review and approval of any submission by the ARC is made on the basis of aesthetic considerations only, and the ARC does not bear any responsibility for ensuring the structural integrity or soundness of approved construction or modifications, nor for ensuring compliance with building codes and other governmental requirements, nor for ensuring that all dwellings are of comparable quality, value or size or of similar design.

Before you start your design process, please read these guidelines thoroughly in order to understand the overall design goals and the process that should be followed for design review.

II. CONCEPTUAL REVIEW

The purpose of conceptual review is to view designs at an early stage and to obtain ARC comment on designs which may not be in keeping with the concepts of Saddle Ridge Ranch or which may be duplication of others in close proximity to the requested improvements. The conceptual review allows the owner to obtain ARC advice regarding changes that may be required before additional amounts of time and money have been spent.

The ARC will respond to any pertinent preliminary information submitted. However, submitting all of the information required for construction approvals will lead to a more detailed and definitive response. The conceptual review will not be deemed to be approval for the construction of the improvement(s).

If you intend to request a conceptual review, please submit your materials with an ARC application form. However, no fees are required at this stage.

1 The Declarant (aka “developer”) appoints the committee members to the ARC until turning that right over to the Board of Directors. After the developer turns over the appointment right to the Board, the Board is required to follow the appointment instructions in the Declaration.

III. CONSTRUCTION APPROVAL

Before ground breaking and construction may begin on any improvement(s) in Saddle Ridge Ranch, the owner must obtain a construction approval letter from the ARC for the submitted plans. The stamped plans as approved by the ARC will remain on file. The submitted plans will be evaluated under the Declaration and the ARC Guidelines as described herein. After obtaining approval from the ARC, Crook County additionally requires that a building permit be obtained prior to beginning construction of any improvements or making any additions or changes to an existing structure.

A. Obtaining Approval: To obtain approval, submit two (2) sets of the required documents, the fees and the compliance deposit to the ARC. The ARC will respond with approval or required modifications within 30 working days after receipt of all required documents and fees. ARC meetings are tentatively scheduled to occur monthly but are subject to changing schedules. Plans must be submitted at least one week prior to the scheduled ARC meeting to ensure review in the meeting. Contact the ARC contact person for meeting schedules.

B. Allotted Time for Construction: Construction of the exterior of the home, including painting and all exterior finish, decks, privacy screens, shrouds, and all other elements on, or attached to the building must be completed within eight (8) months from the beginning of construction, so as to present a finished appearance when viewed from any angle.

C. Allotted Time for Landscaping: Landscaping must be completed within sixty (60) days from the date of the County’s final inspection, or occupancy, whichever first occurs.

D. Required Fees: Payment, as outlined in the “Owner Construction Agreement (For New Construction) and (For Additions/Remodels)” is required for new home construction and additions and remodels. Fees are subject to change.

1. New Construction: ARC Application Processing/Design Review Fee: Includes all review time, on-site inspections, and handling compliance deposits.

2. New Construction: Refundable Compliance Deposit: This refundable compliance deposit to the ARC is required to guarantee compliance with the ARC approval conditions, policies and guidelines, contractor rules contained herein, and to provide a form of surety against damage done to Saddle Ridge Ranch during the course of construction. Such damage items may include, but are not limited to, concrete spills, broken berms, unauthorized removal or topping, or trimming or pruning of trees, and damage done to neighboring properties due to trespass. Clean up of job site debris will be required throughout construction and prior to return of any portion of the compliance deposit to the owner or designee of the owner. Contractors and owners must sign an agreement with the ARC to this effect at the time of posting the compliance deposit. This deposit will be held by the ARC and will be released after the required inspections for the completion of the exterior of the home and completion of the landscaping. The ARC will return compliance deposit monies once it verifies that the completed improvements are satisfactory and in compliance with these guidelines. A form to use in requesting the inspection and refunds of the compliance deposit will be provided with your approval letter.

3. Additions/Remodels: ARC Application Process/Design Review Fee: Includes all review time, inspections, and handling of compliance deposits.

4. Additions/Remodels: Refundable Compliance Deposit: The refundable compliance deposit to the Architectural Review Committee is required to guarantee compliance with the ARC approval conditions, policies and guidelines, contractor rules contained herein, and to provide a surety against damage done to Saddle Ridge Ranch during the course of construction. Such damage items may include, but are not limited to, concrete spills, broken berms, unauthorized removal or topping, or trimming or pruning of trees, and damage done to neighboring properties due to trespass. Clean up of job site debris will be required throughout construction and prior to return of any portion of the compliance deposit to the owner or designee of the owner. Contractors and owners must sign an agreement with the ARC to this effect at the time of posing the compliance deposit. This deposit will be held by the ARC and will be released after the completion of the exterior of the home and completion of any landscaping. The ARC will return compliance deposit monies once it verifies that the completed improvements are satisfactory and in compliance with these guidelines. A form to use in requesting the inspection and refunds of the compliance deposit will be provided with your approval letter

E. ARC Site Review: A completed application shall be authorization to the ARC to make on-site reviews of the homesite and proposed improvements.

F. Fee and Application Form: The application shall be submitted with the required fees as set by the ARC, a completed ARC submittal/application form, and signed Construction Agreement (forms attached). Contact the ARC for the most current copy. Obsolete copies will not be accepted. All applications must be 100% complete or they will not be considered.

G. Expiration Date of Approval: The original construction approval shall be valid for a period of one year from the date of approval after which time it will expire. A new application with additional fees may be required if construction is to begin after this period ends.

IV. BUILDING SITE PLAN – BUILDING SITING

A. Habitat: A distinct characteristic of Saddle Ridge Ranch is the western ranch environment. Buildings should be sited with respect to preservation of any native areas.

B. Views: Each home should be sited and designed in a fashion that maximizes the existing view while maintaining the privacy and view of neighboring lots.

C. Retaining walls: Cut and fill slopes shall be minimized whenever possible. Retaining walls within the building envelope are encouraged over exterior retaining walls. Material used to construct retaining walls is subject to the ARC approval, as well as the placement and specification of the wall.

D. Hillside Homesites: Understructures where exposed to external view, shall be aesthetically and architecturally designed and must present a finished appearance complimentary to the design of the home. Understructures include, but are not limited to, soffits, porch and patio ceilings, and deck understructures. Skirting material must extend to within eight inches of finish grade. Skirt walls more than four feet from the finish floor level may require foundation landscaping to reduce the scale of the skirt wall.

E. Setbacks: There are two sources of setbacks to which lots in Saddle Ridge Ranch shall conform: 1) County setback rules and regulations; 2) Saddle Ridge Ranch setback rules. The ARC is bound to adhere to the governing setbacks that are more strict.

Front Setback: No building improvements above finished grade level shall encroach within 20’ of front property lines unless otherwise approved by the ARC. This shall include eaves, privacy screens, steps, bay windows, etc. Only those items at ground level such as walkways and driveways shall be permitted to encroach upon the front setback.

Side Yard Setbacks: The sum of the width of side yards shall be a minimum of 12’, and each side yard shall be a minimum of 3’, with the exception of corner lots (see below). No building improvements above finished grade level shall encroach within side setback areas unless otherwise approved by the ARC. This includes decks, eaves, privacy screens, steps, trash enclosure, bay windows, chimney, etc. Only grade level improvements such as paths and walkways are allowed in the side setback areas.

Rear Setback: Rear setbacks are set at 15’-0”. No building improvement above grade level shall encroach into the setback area, including eaves, decks, privacy screens, bay window, etc

Corner Lot Setbacks: Side property lines adjacent to roadways will have a 10’ to 20’ building setback wherever possible but shall not be less than 10’ in all cases. Lot lines common with other lots shall conform to side yard setback rules.

Deed Restrictions: The applicant shall verify and make known to the ARC all deed restrictions such as non-buildable setback areas and height limits of record, etc. Such deed restrictions, when more stringent, shall take precedence over setback rules.

F. Drainage: The existing drainage on each homesite shall be carefully considered when siting an improvement. The natural drainage pattern should be preserved if at all possible, through the use of landscaping. In some cases culverts may be required where significant drainage crosses a homesite lot and drains may be required to prevent drainage from encroaching on neighboring home sites.

G. Grading: To the maximum extent feasible, all grading shall conform to the natural contours. Berms or landscape mounds are subject to review and approval by the ARC. All graded surfaces shall be planted or seeded with native grasses, shrubs and/or trees and shown as such on the Landscape Plan.

H. Utility Hook Ups: All utility hook ups must conform to County standards. All connections from trunk lines to individual structures must be underground. Exposed plumbing and electrical lines are not allowed. A domestic system water meter and approved backflow prevention device must be installed prior to excavation in order to have construction water available on site. It is the responsibility of the property owner to safeguard against freezing of the backflow prevention devices and water meter by installing approved insulating materials around the devices. It is also the responsibility of the property owner to eliminate the possibility of thermal expansion by creating a closed system when the back flow assembly has been installed.

I. Irrigation System Connection: Irrigation water is provided by Ochoco Irrigation District. Connection requirements must conform to County and District standards for irrigation service. The Association manages irrigation schedules and timing. Lot owners may decide to

design their domestic water system to also provide irrigation water to their own landscaped lot. Regardless of usage of Ochoco Irrigation District water, the fees assessed by the District and payable with Association dues will not be reduced.

J. Electrical Meters: Electrical meters must be flush mounted rather than surface mounted.

K. Utility Trenching: Contractors must keep the ground wet during any trenching or backfilling operations to reduce dust problems. All areas of excavation for site utility work must be restored.

L. Utility Service Providers: Utility services (Sewer, Water, Cable, Gas, Power) are stubbed to each homesite (for power, to the closest transformer). The extension of these services from the stub/transformer to the residence is the responsibility of each owner. Irrigation water is provided to Saddle Ridge Ranch by the Ochoco Irrigation District. District fees are passed through to Saddle Ridge properties through the Association dues. You may also contact any of these utility companies during regular business hours for additional information:

City of Prineville

CenturyLink

541-447-5627

541-647-2319

Crestview Cable Communications 541-447-4342

BendBroadband 541-382-5551

Cascade Natural Gas 888-522-1130

Pacific Power 888-221-7070

M. Driveways and Parking Areas/Garages: Driveway widths shall be kept to a maximum of 12’ where the driveway meets the street unless otherwise approved by the ARC. A width appropriate for the number of garages and, in general, the amount of paved areas exposed to view from adjacent roadways or homesites shall be kept to a minimum. Asphalt must be kept 4’ from the side property lines unless otherwise approved by the ARC. Each residence must have an enclosed garage for at least two cars. All areas utilized as a driveway shall be surfaced with asphalt, pavers or paver borders, concrete or masonry. Parking area materials close to the home may vary as they relate to site design, but should always maintain a finished appearance and quality. Drainage across or under driveways, where required, should be integrated into the design of the driveway or apron. All proposed driveway and parking area surface materials and location are subject to approval by the ARC. Garage doors shall be equipped with automatic door openers. No carports are allowed.

V. STRUCTURE DESIGN

A. Exterior Lighting: No floodlighting will be permitted, and illumination necessary for evening activities must be directed downward and be only bright enough to provide for the safe traverse of steps and paths. The light source may not be directly visible. Hoods over lighting elements must be fixed in place to direct light downward, and materials for the hoods and posts must be compatible with the house and be approved by the ARC. Caution should be exercised when enclosing exterior lights with wood to prevent a possible fire hazard. Lighting fixtures located along a driveway will be permitted only if the design and placement is approved by the ARC. All exterior lighting also falls under the requirements of the Crook County Lighting Ordinance. It is the responsibility of the owner to determine compliance with the County Ordinance During the holiday season, a variance is granted for the use of exterior decorative lights. All holiday lighting shall be removed by the second weekend in January.

B. Exterior Colors: Exterior colors should be subdued and blend with the predominate year-round colors of the immediate surrounding natural environment. All colors shall be reviewed and are subject to the approval by the ARC. Colors will be judged on their individual merit, regardless of prior approval on other homesites. Exterior color treatments shall be continuous on all sides of the home. It is the responsibility of the homeowner to avoid duplicating colors of nearby homes and duplication of exterior colors will be carefully scrutinized by the ARC. Matte, non-gloss and non-glare finish is required for all exterior painted or stained surfaces. Trim color shall match the body color or be a complimentary color approved by the ARC. Overhead garage doors and garage “man” doors should be painted the same color as the body of the house, unless otherwise approved by the ARC. Accent colors which are used judiciously and with restraint may be permitted. White paint is not allowed for use as a trim, body or accent color on the exterior of any home because of the contrast it creates with the native habitat.

C. Exterior Walls and Trims: Exterior surface material shall appear to be natural in character as well as blend and be compatible with the native habitat and the high desert ranch concept. Long term maintainability and material quality shall be considered when selecting exterior surface materials. Vinyl siding and stucco siding are prohibited. Siding material and direction of application shall be consistent on all sides of the home unless the applicant can demonstrate that a unidirectional system or multiple siding applications is of sound architecturally compositional practice.

D. Exterior Masonry, Stone and Brick: All exterior masonry, stone and brick are subject to ARC approval. Natural looking masonry and stone is encouraged rather than the use of brick, however, earth-tone, colored brick may be allowed on a case by case basis at the discretion of the ARC.

E. Skirting & Skirt Walls: Exterior skirting on walls, decks, shrouds, etc, must be constructed of the siding material that is primarily used on the body of the house unless otherwise approved by the ARC. Lattice is not permitted for use. In general, open screen skirting shall not exceed 20” in height, and a minimum of 3/8” thick materials will be allowed unless otherwise approved by the ARC.

F. Gutters & Downspouts: All gutters and downspouts shall be designed as a continuous architectural design feature. Exposed gutters and downspouts shall be colored to blend in with the surface to which they are attached.

G. Decks: Exposed under structures of decks will require curtain shrouding in most cases. Deck blocks shall not be visible to neighboring properties including streets. Additional landscaping may be required to mitigate the visual impacts of elevated decks.

H. Exterior Building Projections: All projections from a residence or other structure including, but not limited to, chimney flues, vents, flashing, gutters, downspouts, utility boxes, porches, railings and exterior stairways shall blend with the surface from which they project, or must be painted or stained an approved color to blend with adjacent materials.

I. Chimneys & Vents/Roof Metals: All exterior chimneys and vent stacks from gas warming stoves and fireplaces must be of wood, stone, brick or metal. An approved spark arrestor, as per code, shall be required on all chimneys and vent stacks. All chimneys and vent stacks require flue shrouds that shall be framed in and sided with siding material, or approved masonry, unless otherwise approved by the ARC due to the architectural character of the home. Flue shrouds shall have a minimum height of 24”, shall be constructed in such a manner that conceals the spark arrestor from view and must be of the same material and color as the home. All visible metals must be painted to blend with roof colors.

J. Skylights and Solar Devices: All glass, plastic, or other translucent or transparent skylight or solar device shall be treated to eliminate reflective glare. Clear, bronze or gray glazing is preferred over white translucent. Flat skylights are preferable to domes. Solar heating systems will be reviewed on an individual basis and require the approval of the ARC. Solar tubes must be approved by the ARC.

K. Garages: In general, an enclosed garage with a minimum size of 24’ wide by 24’ deep and appropriate for a minimum of two cars, shall be connected to the main house by a roof, screen or other architectural element, or be part of the house structure, unless otherwise approved by the ARC. The design of the garage must conform to the overall design of the residence. Garages must have installed and functioning overhead doors. Carports are not permitted. Additionally, when the garage stalls face the street or are within uninhibited view of neighboring properties, and there are more than two stalls, the additional stalls must be recessed back at least two feet, unless otherwise approved by the ARC.

L. Roofs: Slate and concrete tiles, metal, concrete and wood simulated shakes, and layered fiberglass or composition roofing are considered as acceptable roofing applications for the Saddle Ridge Ranch community, provided the roofing materials are rated “Class A” by Underwriters Laboratory (UL). The ARC will consider special requests to use new roof materials provided they have a UL “Class A” rating. Composition roofing must be an “Arch 80” type equivalent or better and rated at 30 years or better. Roofing selections will be reviewed individually. Bright, non-earth tone selections are prohibited.

M. Windows, Door Frames, Skylights: All windows, door frames and skylights must be, wood, vinyl clad or bronze anodized, unless other treatments are specifically authorized by the ARC.

N. Building Heights: Building height limitations may be imposed by the ARC in order to preserve views from neighboring homes and to minimize the impact of structures on sensitive natural areas of the property. County residential height limitations and solar setbacks may also impact the building design. In addition to the aspect of view preservation as it pertains to building height, the design of a home should also consider the negative visual impact of tall, imposing facades upon neighboring homesites. It is of particular concern where a tall, flat face of a building may be exposed to roads or adjacent downhill sites.

O. Animal Runs and Animal Restraint Areas: All animal runs and animal restraint areas shall be situated on a homesite so as to be completely concealed or screened from view from roadways and neighboring homesites. Dog houses which are separated from the home will generally not be allowed but in all cases will need specific ARC approval. ARC approval is required when adding an animal restraint area to an existing structure or modifying existing service yards into animal restraint areas. Additions and alterations of this type shall not produce negative impacts to existing neighboring properties.

P. Hot Tubs/Swimming Pools: Plans shall include screening for all hot tubs. Screening shall consist of flush mounting or recessing the hot tub into the deck, or constructing a privacy screen. The size, shape, and siting of swimming pools, if any, must be carefully considered to achieve a feeling of compatibility with the surrounding natural and man-made elements. Pool and equipment enclosures must be architecturally related to the house and other structures through the use of walls or courtyards so that they appear to be a visual extension of the home. Covers such as inf latable bubbles will be unacceptable. No aboveground swimming pools will be allowed.

Q. Fencing and Screening: Fences, if needed, should be designed to appear as an extension of the architecture and architectural materials and used only where necessary. Fences utilized as sight screens must be conceived as an integral part of the overall design of the building and be constructed utilizing the same quality of material and detail as the building, not simply an added element dictated solely by function. It is understood that approved fences may define pet runs, or small yards, courtyards or terraces in close proximity to the residence for the purpose of privacy. Privacy or screen wall shall not exceed 6’ in height, measured from finish grade, unless otherwise approved by the ARC. Chain link or wire fencing is prohibited. Side yard and rear fencing shall be an approved style. Fences that are on the perimeter of Saddle Ridge Ranch adjacent to neighboring properties may be 6’ high, cedar board on board with 2” x 4” cedar caps. Posts must be 4” x 4” pressure treated brown posts with ½” chamfered tops. All interior fences must be like a typical corral fence 5’ high to the top of the posts. The pressure treated posts must be 6” x 6”. The railings must be 2” x 6” Douglas fir self spaced. Wire cover may be added for animal control. See addendum for photo samples and design details

R. Service Yards/Screening: When not provided by other structures, each residence shall have a screened service yard, enclosing garbage and trash containers, firewood, clothes drying apparatus, bicycles, outdoor maintenance equipment, and so on. None of these items shall be stored where they can be seen from roads, or neighboring homesites. Service yards and yard enclosures should be attached and architecturally integrated to the home and/or gated to screen the area from view of other homesites.

S. Satellite Dishes, Antennas and Solar Devices: No exterior satellite dishes exceeding 18” in diameter, television antennas, radio antennas, or other receiving device shall be placed on any lot without the prior written consent of the ARC. The location and placement of the allowable satellite dishes must be submitted in writing for ARC approval. All solar devices must be approved in writing by the ARC.

T. Heating and Cooling Systems/Screening: All exterior elements of heating and/or cooling systems must be screened from the view of neighboring property and roadways. See the manufacturer’s required clear space around equipment to avoid rendering the warranty, if any, invalid or consult your HVAC technician for acceptable screening setbacks. Such elements must be located and insulated to reduce noise transmission at acceptable levels at adjoining properties. All screens must be constructed with materials consistent with those on the body of the home at the location of the HVAC units. Each unit must be screened on all sides and access may require a gated entry.

U. Group Design: Any production or merchant builders owning contiguous property or property within the same block shall submit the complete group design to the ARC before construction of the first house. Repetitive home design is discouraged, however, where considered, homes with the same or very similar floor plans may be required to have differing roof forms, window design, surface materials, entryway treatments, bay treatments, and other exterior features. Additional changes may be required by the ARC on a repetitive home design with respect to the shape of the home when viewed from the exterior.

V. Prefabricated Housing: No building that is constructed off-site and requires transportation to any lot, whole or in partial assembly will be permitted. This prohibition includes mobile homes, stock modular buildings, or any other structures requiring transportation and set up. Small prefabricated greenhouses may be permitted only upon approval of the ARC as to location, size and color.

W. Outdoor Play Equipment: Swing sets, basketball backboards, and other play equipment design, color and location must be approved by the ARC.

X. Accessory Buildings: Structures such as green houses, tool sheds, wood storage, dog houses, etc., that are not integrated with the main structure will generally not be allowed, but in all cases would need specific ARC approval.

Y. Minimum Home Size: Homes must contain at least 1,500 square feet in size, excluding the garage.

VI. PLAN REQUIREMENTS

A. Site Plan Requirements: ARC recommends having the site plan professionally done.

1. Information Block: The information block on all submittals must include the following information: Owner name and phone number, Lot Number , Street Address (if known), Builder’s and Designer’s Name and Phone Number, Scale and any other pertinent information.

2. Scale: 1” = 10’ minimum scale is required on site plans for any lot up to 20,000 SF For lots greater than 20,000 SF in size, the minimum scale shall be 1” = 20’.

3. Property Lines: All corner pins and property lines must be accurately located and dimensioned on the Site Plan. All areas adjacent to the subject property must be accurately labeled. Note the street name along the front property line and include lot numbers of adjacent homesites.

4. Setbacks and Easements: All setbacks relative to the building and all existing easements must be shown on the site plan as a dashed line and designated as such.

5. Building Locations: All proposed structures shall be accurately located and the perimeter dimensions shown on the Site Plan. All building jogs must be shown and dimensioned, as well as decks, walkways, parking areas, and fences. Structure must be dimensioned on the plan with respect to the property lines.

6. Lot Coverage: Area calculations noting the percentage of site covered by built improvements must be noted in the bottom right corner of the Site Plan.

7. Driveway & Walkways: Accurately locate all driveways, walking and parking areas. Dimension width of the driveway at the street and at its widest point. Dimension all walkways, paths, and parking areas. Submittal of proposed materials may be requested.

8. Privacy Screens & Fences: Locate and dimension all privacy screens and shrouds for hot tubs, wood storage, trash receptacles, heating and cooking equipment, service yards, etc.

9. Staging & Temporary Structures: Note all areas to be used as materials staging areas and construction parking.

10. String Layout on Site: The owner shall be responsible for providing a string layout on the homesite. Layout must include the property line, the proposed improvements, including decks, driveway, and any other on-site parking. In doing so, all pins must be located and a current survey conducted to confirm property lines. The use of paint for the site layout is prohibited.

11. Adjacent Property: Adjacent properties must be protected from trespass during construction of a residence by staking and stringing common property lines with the project as well as front property lines of vacant properties.

B. Structure Plan Requirements

1. Building Elevations: Four elevations at a scale of ¼” = 1’ shall be provided showing the elevations of the proposed improvements. The elevations shall include finished floor elevation and dimensioned ridge heights above finished grade. In addition, the location, style and type of doors and windows shall be shown as well as the siding type; decks railings, shrouds, chimneys, enclosures for trash, and heat/cooling system, etc., as well as all other structures seen in elevations. Elevation notes shall include all exterior finishes to be used on the home i.e. paint , stone, siding type (note reveal for lap siding, or spacing for batts), railing type, decking type, window type, and all other exterior elements. Other notes include but are not limited to: roof pitch , and ridge heights dimensioned from finish grade.

2. Floor Plans: Floor plans for construction shall be submitted at a scale of ¼” = 1’, and must be noted as such on the plan. All rooms in the home must be labeled with the appropriate room name. The square footage of each floor shall be designated as well as the total square footage of the proposed plan. Include the dimensions of all interior and exterior walls and building jogs, and the perimeter dimensions of all decks and privacy screens. Floor plans must also include all door and window openings with sizes noted. Reverse floor plans will not be accepted.

3. Perspective Drawings: Perspective drawings showing three dimensions of the home may be required for review by the ARC. If perspective drawings have been done without being requested by the ARC, please submit these with plans and elevations as supplemental information.

4. Exterior Lighting Plan: A plan locating all exterior light fixtures shall be incorporated into the exterior elevations. Once selected, legible 8.5” x 11” photocopies or catalog pictures of all proposed exterior light fixtures shall be submitted to the ARC for approval at least thirty (30) days prior to installation. The submittal must include the following information: Pictures of all proposed fixtures with location noted on picture (i.e.) (2) at front entry, (2) at garage door, etc., color or finish on the fixture, size of the fixture, and wattage of the bulb, as well as owner name, phone number, and lot number The ARC reserves the right to request actual fixtures to be submitted for review and approval. Decorative and landscape lighting must also be approved in advance using the same criteria for submittal described in this paragraph and may have further limitations placed up on it by the ARC and County ordinances. Colored light sources may be prohibited at the discretion of the ARC.

5. Exterior Paint Colors: At the time of plan submittal, paint colors (body and trim) must be submitted on an 8.5” x 11” piece of heavy paper or cardboards and a preliminary approval may be given by the ARC: Before final approval, the sample (body and trim) must be painted on a 4’ x 4’ front section of the house (body must be painted adjacent to a trim piece) and reviewed by the ARC. Color samples of all proposed exterior colors including, but not limited to, siding, trim, doors, windows, garage doors, decks and deck rails must be submitted for review. Each sample must have the following information written on the backside: Owner name and phone number, Lot number, brand of paint, color name, color number, and finish. Painted siding samples (unless requested by the ARC), paint chips or painted stir sticks will not be accepted.

6. Exterior Paint Schedule: A copy of the elevations at a scale ¼” = 1’ shall indicate the location at which every color is to be applied to the exterior of the structure including but not limited to, trim, fascia, doors, body, exposed structural elements, railings, etc. This paint schedule must be submitted with paint color samples for ARC review.

7. Samples: All samples submitted must be 11” in length. Paint samples will not be accepted in a size smaller than 8.5” x 11”, and on a material other than heavy paper or lightweight cardboard. All samples submitted must indicate (on t he backside of the sample) owner name, phone number, Lot number, color number and name, and brand name of product, finish on product (satin, clear, brushed nickel, brass, etc,), and the location where the product will be installed on the home. Samples submitted to the ARC will not be returned unless prior arrangements have been made to do so.

VII. LANDSCAPING

A. Landscaping Policies and Guidelines

1. Extent of Landscaping: The ARC encourages native plants in keeping with area water conservation efforts; however, all homesites shall be maintained to present an attractive appearance to all off-property vantage points and to moderate the problem of weeds and wind-blown dust. Steps must be taken to restore all damaged areas due to construction and all other related activities.

2. Irrigation Systems: An in-ground irrigation system is required on all homesites unless otherwise approved by the ARC. An irrigation plan must be submitted for approval. The use of drip irrigation where possible is strongly recommended. This will inhibit growth of weeds and facilitate growth of desirable plants.

3. Bark: Bark toppings are generally permissible for landscaped areas near the privacy structure. Finer mulched bark works well in both areas. Vast expanses of bark will not be permitted where sparse planting occur. Bark must be kept weed free and contained. Where approved for use, bark shall be installed at a minimum of 2” in depth and shall not be installed in drainage ways.

4. Grass: Lawn areas, when installed by seeding and hydroseeding may require the ARC to withhold the compliance deposit until the turf has “grown in” and the committee is assured of a quality finished product. “Grown in” will be defined as some time after the first mowing and after weeds in the seeded areas have been eradicated.

5. Rocks: Large rocks and boulders in excess of 18” are encouraged for use in landscaping. They must, however, be incorporated into the landscaping so as to appear as if they naturally occur on the site.

6. Field Collection of Native Plants: Field collection of native plant material, rocks, or any other natural feature of the land is strictly prohibited from any property other than the homesite under construction as approved by the ARC. Be aware that neighboring lands are NOT OPEN areas for field collection of any kind of plant material or rocks for use in homesite or other landscaping. These property owners consider any activity of this kind to be trespassing resulting in property damage or theft, and may be reported to the proper authorities.

7. Fluidity: Areas of the site exposed to the neighborhood should be treated in a casual, fluid manner so as to integrate comfortably with the natural settings

of Saddle Ridge Ranch. Consequently, certain materials, such as red lava rock, and other colored decorative rock materials, are discouraged for use in landscaping within Saddle Ridge Ranch. All landscaping materials must be approved by the ARC.

8. Landscape Screening: In some situations, the ARC may require an owner to plant trees and/or add contouring to a site to screen on-site elements from offsite vantage points. Any landscaping that dies must promptly be removed and may be required to be replaced.

9. Solar Encroachment: Any planting that interferes with the existing use of solar energy on an adjacent property is prohibited.

10. Allotted Time For Landscaping: All landscaping should be completed as soon as possible and must be completed within sixty (60) days of final inspection.

B. Landscape – Plan & Application Requirements

1. Information and Scale: Information must include the following: Owner name, Lot number, Builder name, builder phone number, scale (minimum of 1” = 10’), and any other pertinent information.

2. Grade Changes: Illustrated changes in contour related to the landscaping work must also be shown with heights and depths noted, including added berms, rock features, and drainage swales or dry creeks.

3. Walkways & Bed Materials: Note walk and other outdoor “floor” surface and planting bed materials, including color and type of mulch, bark dust, bark chips, rock, gravel, etc. The extent to which each material is to be placed or spread must be shown on the plan.

4. Plant Materials: List names, quantities, and sizes of plant materials and show locations on the plan.

5. Landscape Lighting: Locate all exterior light fixtures to be incorporated into the landscaping. Landscape up-lighting may be permitted only with ARC approval in its sole discretion. The ARC reserves the right to request actual fixtures to be submitted for review and approval.

6. Weed Abatement: The ARC strongly recommends the use of a weed pre-emergent product in conjunction with new landscaping construction and installation. As part of maintaining the community-wide standards for neat and attractive, landscaped homesites, the Association monitors weed abatement problems through its policies and procedures. Weed abatement shall be continual after landscaping completion and shall be conducted in a manner to protect adjoining property from contamination.

VIII. CONSTRUCTION RULES

A. Contractor Conduct: (To be posted on the Construction site.)

1. Work Hours: No construction work will be allowed before 7:00 A.M. or after 6:00 P.M.

2. Drugs & Alcohol: The use of alcohol or drugs is not allowed.

3. Music: The use of music devices will be allowed only inside a structure and only if the noise level is such that neighboring property owners cannot detect the use of same.

4. Pets/Animals: Contractors may be permitted to bring dogs with them to the homesite within Saddle Ridge Ranch, provided however, no other animals are permitted and contractors will be required to remove dogs due to any concerns involving noise or threatening behavior.

5. 25 mph Speed Limit: Contractors are required to inform all employees, sub contractors, suppliers and material providers to observe the 25 mph speed limit in effect at Saddle Ridge Ranch.

B. Fines: Failure to comply with the above policies may result in fine assessment to the contractor or a deduction from the property owner’s compliance deposit.

C. Burning: Open burning of construction or organic debris on the construction site is allowed subject to County regulations.

D. Construction Debris: Contractors must maintain a neat and orderly construction site at all times, with debris removed at frequent intervals. Contractors are responsible for controlling litter at the homesite and neighboring properties resulting from their work and presence. Burial of construction debris on any property within Saddle Ridge Ranch is strictly prohibited. Fines may be assessed or a deduction taken from the property owner’s compliance deposit for failing to maintain an orderly job site.

E. Adjacent Property: Adjacent property may not be used for access to any construction site under any circumstances. Adjacent lots and common area also may not be used for parking by any contractor or subcontractor working on the homesite. Common property lines to a homesite with a residence under construction must be staked and strung in order to prevent trespass by contractors, subcontractors and others on-site during the construction of a residence. If the neighboring properties are vacant, it is necessary to also prohibit access at the front of the neighboring lots by staking and stringing with colored tape or rope along the front property lines. In some cases, vacant lots across the street may additionally require restraints to prevent trespass. In the event of damage to adjacent or neighboring properties, the homesite owner and general contractor will be held responsible for complete restoration. Contractors will be responsible for any damage to the roads and roadways adjacent to the homesite must be periodically cleaned during construction and at the end of the project.

F. Excavation: Each homesite shall be developed with minimal modification of the existing topography. All dirt and debris resulting from excavation must be removed from the site. Contractors must keep the ground wet during any excavation operations to reduce dust problems. All areas disturbed during construction must be restored to their original appearance or landscaped. Parking of excavation equipment in native areas or on neighboring property is strictly prohibited.

G. Staging Area: Each construction approval application must designate all staging areas for a homesite, subject to the approval of the ARC. Each staging and construction area must be kept clear of trash and debris. Areas are subject to periodic inspection by the ARC.

IX. MISCELLANEOUS POLICIES AND GUIDELINES

A. Exterior Home Completion: The exterior of the home must be completed within eight (8) months of the start of construction. Start of construction is designated by the ARC as the date of written ARC approval or Crook County building permit date, whichever is later. Exterior home completion requires that all exterior work on the structure has been completed so as to present a finished appearance when viewed from any angle. This includes but is not limited to, painting and all exterior finishes, completion of all decks, privacy screens, shroud, driveways, and parking areas and all other elements on, or attached to the building Upon completion of the exterior of the home, the owner must provide notification to the ARC that the exterior is completed by using the Inspection Request and Compliance Deposit Request Form At this time, the ARC or its agent will perform an on-site inspection to verify the following: that the home was constructed according to the approved plans and conditions of approval, compliance with the ARC Guidelines, and that the home was completed within the eight (8) month time period. Upon satisfactory final inspection, the compliance deposit will be refunded or any eligible portion thereof.

B. Draperies and Window Coverings: All draperies and window coverings should be of materials and colors which harmonize with the surroundings and the exterior of the home and should be chosen in consideration of neighbors and neighboring views, especially along roadways. Window coverings such as blinds are required in garages and other areas where items may be stored against a window and would be visible from the street, neighboring properties.

C. Mailboxes: Due to service restrictions of the U.S. Postal Service, mail delivery to individual mail boxes at each home is not currently available. Mail delivery will be made possible through substation post office boxes located near the entry off Main. To obtain a mailbox designation and mailbox key, contact Prineville Post Office at 541- 416-0649 or 155 Northeast Court Street, Prineville, OR.

D. Maintenance: Each property owner is required to keep his or her land, landscaping, and all improvements in good repair and attractive condition. This includes all easements and right of ways.

E. Signs:

1. Construction Job Site Sign: The sign may have a maximum size of 18” x 24” and is limited to the owner name, general contractor name and license number, phone number, the lot/block number, and street address. The construction job site sign may be placed on the lot upon approval of the construction application by the ARC and commencement of construction, and the sign shall be removed immediately upon completion of the home and prior to the return of any portion of the compliance deposit.

2. Street Address Numbers: The size, material type and color of street address numbers for placement on the home must be approved in advance by the ARC. Submit the information with photocopies or catalog pictures along with the exterior paint submittal.

3. Other Signage: “For Sale”, “For Rent” Signs: One “For Sale” or “For Rent” sign is permitted by the Declaration subject to a maximum size of 1’ x 2’ and placement within 40’ of the street side lot line. Sign colors require approval of the ARC.

F. Exterior Decorations: Including, but without limitation, sculptures, lawn ornamentation, flags, fountains and similar items are subject to review and approval by the ARC.

X. EXTERIOR ALTERATIONS (REMODELS)

Any exterior alteration of existing improvements, or any site excavation, fill alteration of existing drainage, planting or removal of landscaping including and without limitation of trees, shrubs, or placement of other vegetation or landscaping or materials, or cutting or removal of existing trees, is subject to approval by the ARC. Modifications to convert garages into living space or working space shall be subject to ARC approval. Any request to convert a garage must include plans for a replacement garage on the site. If approval of a garage interior conversion is granted, the approval may be conditioned on the construction of a replacement garage, and changes to the exterior of the original garage.

A. Obtaining Approval: To obtain such approval, one set of required documents, accompanied by the required fees, must be submitted to the ARC. The ARC will respond with approval or required medications within thirty (30) working days of the date all required documents and fees have been received.

B. Fees: A payment of $1,200 may be required for additions and/or remodeling, of which $750 represents a remodeling compliance deposit. Up to $750 of this deposit will be refunded upon satisfactory completion of the remodel work as approved. Applications for approval of exterior repainting (even if it is the same color), for tree/shrub removal requests, or placement of landscaping or planting bed materials do not require the payment of fees. Fees are subject to change.

C. View Preservation: Construction of improvements and growth or removal of vegetation on a homesite should not materially impair the view of other homesite owners. The SRROA, as advised by the ARC, shall be the sole judge of such impairment. If vegetation needs to be removed, the benefitted party shall be responsible for any costs associated with the removal and/or trimming of such vegetation. Existing native vegetation is exempt.

D.

Exterior Alteration Application and Plan Requirements

1. Site Plan: A site plan for the proposed alterations(s) shall be submitted at a minimum scale of 1” = 10’.

2. Landscape Plan: Plans must be submitted at a minimum scale of 1” = 10’, similar to those required for construction approval. Plan must indicate all additions and/or modifications to be made. Application for approval of landscaping plans alone does not require additional fees

3. Building Elevations: Pertinent elevations at a scale of ¼” = 1’ shall be provided showing the elevations of the proposed improvements(s) as situated on the owner’s homesite.

4. Floor Plans: If applicable, floor plans similar to those required for construction approval, at a scale ¼” = 1’, shall be submitted showing the square footage.

5. Repainting/Restaining: If a home is to be repainted, the color must be approved by the ARC. Repainting or restaining applications are required, whether or not there is a color change. Color changes must be accompanied by an 8.5” x 11” sample

of both the requested body and trim colors of paint or stain. Application for approval of repainting/restaining alone does not require additional fees.

6. Exterior Lighting: If applicable, submit per construction requirements.

7. ARC Inspection: A completed application shall be authorization to the ARC to make a physical on-site inspection of the homesite where the proposed alteration is to be completed. In addition, the owner is responsible for notifying the ARC upon completion of the proposed alteration.

8. Fee and Application Form: The application shall be submitted with a completed ARC application form, the required fee set by the ARC, and the signed Construction Agreements (forms attached).

9. Expiration Date of Alteration Approval: The alteration approval shall be valid for a period of six months, at which time it shall expire. A new application, plus additional fees, may be required after the six month period.

10. String Layout: The same requirements apply as for construction approval.

XI. MISCELLANEOUS PROVISIONS

A. Inspections:

1. Work in Progress Inspections: The ARC may inspect all work in progress and give notices of noncompliance. Absence of such inspection or notification during the construction period does not constitute an approval by the ARC of work in progress or compliance with the Guidelines.

2. Exterior Completion Inspection: Upon completion of the exterior of the home, the ARC will perform an on-site inspection to verify completion of the exterior of the home. Failure to request an inspection upon completion of the exterior of the home and within eight (8) months of the start of construction, as defined, may result in forfeiture of the compliance deposit or a portion thereof.

3. Final Inspection: Upon completion of all landscaping work or exterior alterations, the ARC will perform an on-site Final Inspection to verify the following: completion of all exterior work on the homesite according to the approved plans and conditions of approval, compliance with all ARC requirements, installation of landscaping according to the approved Landscape Plan and conditions of approval, and completion of landscaping within the required time frame

4. Inspection Request Form: The inspection request form to use in requesting any of the above inspections is the Inspection Request and Compliance Deposit Request Form. The ARC will conduct the requested inspection within thirty (30) days of receipt of the Inspection Request Form.

5. Inspection Report: After performing any of the inspections required, the ARC will provide a written Inspection Report listing items in noncompliance with the approved plans or these Rules and Guidelines on the inspection date.

6. Final Release: Once all improvements are determined to comply with the approved plans and these Rules and Guidelines, the ARC will issue a written

approval to the owner constituting a final release of the improvements by the ARC, and a notice of intent to release the compliance deposit balance, if any.

7. Re-inspections/Fees: One re-inspection will be performed by the ARC at no charge. Each subsequent re-inspection will be at a charge of $100 per reinspection, which will be deducted from the compliance deposit, or invoiced if the reinspection fees exceed the refundable portion of the compliance deposit.

B. Non-Compliance:

If it is found that the work was not done in strict compliance with the approved plans or any portion of these Guidelines, the ARC may issue a written notice of noncompliance to the owner, specifying the particulars of noncompliance, said notice to be issued within thirty (30) days of the final inspection. The owner shall have thirty (30) days from the date of notice of noncompliance within which to remedy the non-complying portions of the improvement and request a re-inspection. If, by the end of this time period, the owner has failed to remedy the noncompliance and request the re-inspection, the Board of Directors of the SRROA, upon recommendation of the ARC, may take action to remove or remedy the non-complying improvements as provided for in these Guidelines and the Declaration, including without limitations, injunctive relief or the imposition of a fine.

C. Nonwaiver: Consent by the ARC to any matter proposed to it or within its jurisdiction, or failure by the ARC to enforce any violation of the policies, shall not be deemed to constitute a precedent or waiver impairing the ARC’s right to withhold approval as to any similar matter thereafter proposed or submitted to it for consent or to enforce any subsequent or similar violation of these Policies.

D. Right of Waiver: The ARC reserves the right to waive or vary any of the procedures set forth herein at its discretion on a case-by-case basis or as an amendment to these Guidelines

E. Severability: If any section, subsection, paragraph, sentence, clause, or phrase of these Rules and Guidelines is for any reason held by a court of competent jurisdiction to be invalid, such decision shall not affect the validity of the remaining portion of the Rules and Guidelines

F. Amendment of Guidelines: The ARC may, from time to time and at its sole discretion, amend or revise any portion of these Guidelines, including fees and compliance deposit amounts. All such amendments or revisions shall be appended to and made a part of the Guidelines. Each owner is responsible for obtaining from the ARC a copy of the most recently revised Guidelines.

G. Enforcement: Upon discovering a violation of these Guidelines, the ARC or its agent will provide a written notice of noncompliance to the Owner, including a reasonable time limit within which to correct the violation. Before any implementation of fines or affirmative action is taken by the Association for enforcement as provided herein, the owner shall be given a 15 day notice of the opportunity to be heard specifying the date, and time and place of the meeting. If the Owner is unable, unwilling or fails to comply with the specific directives for remedy within a specified time period, Saddle Ridge Ranch Owner Association shall have all rights and remedies available to it pursuant to the Declaration and applicable law.

As of: 12/31/2025 Accounting Basis: Accrual

TOTAL LIABILITIES & CAPITAL 163,238.31 163,238.31 450.00 10,783.90 130,650.21 130,650.21 152,454.41 163,238.31

As of: Dec 2025

Additional Account Types: None

Accounting Basis: Accrual

Level of Detail: Detail View

Saddle Ridge Ranch

2026 Reserve Study

Date: December 14, 2025

2026 Reserve Study Saddle Ridge Ranch

1. SCOPE OF SERVICES AND BACKGROUND INFO

Equip Consulting (EC) was retained by the Saddle Ridge Ranch Owners Association, Inc., (SRROA) to conduct annual Reserve Study, (RS) updates of their shared common elements for fiscal years 2023 through 2025. The work undertaken by EC is in general conformance to the terms described within our three-year fee agreement, dated October 21, 2022. The contract was issued to Mr. James Bemis, Community Manager with Mile High Community Management, (MHCM). Mr. Bemis later instructed EC to proceed with the proposed services via email on October 24, 2022, stating the Association’s Board of Directors, (BOD) had approved the service agreement. For this year’s update, (Fiscal Year 2026) EC will be performing a Level Three RS. Scope of services can be found within the existing service agreement authorized via email communication.

Apart from the development of this RS, Equip Consulting has no other involvement with the Association.

The following information, documentation and communication were used to assist in completing the 2026 reserve funding plan:

• General & Financial Information, (Provided By SRROA):

o Reserve Account Balance & Other Financial Data

• Client Meetings & Communication:

o All communication was conducted via email and phone correspondence with MHCM who is understood to be the SRROA’s BOD representative during the development of this year’s RS.

2026 Reserve Study

Saddle Ridge Ranch

2. EC PROJECT TEAM

Equip Consulting has nearly 20 years of experience working with Homeowner Associations by assisting them to be better prepared for the renewal and major repairs of their shared common elements. We have an extensive background in the building industry that allows us to better assess the existing conditions of the various components and assemblies commonly found on multi-family structures, (condos/townhomes) and those within single-family communities. Our knowledge base, established by years of contract negotiation with trade contractors, project budget development and on-going product research for each of the different markets and regions we serve, provide our clients with realistic costs and timelines for the replacement of their shared common elements.

The following personnel were assigned to complete this Reserve Study:

• Caleb VanderMolen – Reserve Study & Maintenance Plan Professional

o Client References:

 Edgefield Meadows – Gresham, OR

 Austin Heritage – Vancouver, WA

 Horn Rapids – Richland, WA

 Depoe Hill – Depot Bay, OR

 Rosedale Parks – Hillsboro, OR

 Tetherow Master Community – Bend, OR

3. ANALYTICS & FUNDING METHODOLOGIES

Reserve Study Analytics

The objective of this study is to provide a realistic assessment of the monetary reserves required to undertake the necessary repairs and/or replacement of the Association’s shared common elements. EC’s goal when developing these reports is to physically assess the various common elements located throughout the community, (completed year-one, under a three-year contract). We accomplish this by taking a “boots on the ground” approach which requires walking the entire community and seeing firsthand the present conditions of the shared common elements, and documenting our findings with recorded notes, and taking digital photographs. And although we don’t record every nut and bolt, taking the time necessary to walk through the entire community allows us to see wholistically how the various common elements are performing, giving us the ability to provide a best guess estimation of their remaining useful life. And although the Association’s CC&R’s will provide some clarification to the common elements owned by Association, they can be ambiguous. And unless the RS consultant takes the time to thoroughly walk the community, components will be missed, and the end result is a reserve funding plan that is not accurately covering future expenditures.

Just as important, is how the pricing data used in the RS was attained. The majority of RS professionals will turn to agencies such as National Construction Estimator or RS Means, typically included in the boilerplate reserve funding software most of them use. However, EC has reviewed countless RS where the consultants used such software, and when the components listed within their reports come to term, the actual costs were substantially more than what was forecasted, and the renewal dates incorrect. Due to this erroneous trend that is still followed by most RS professionals, EC has taken steps to develop pricing sheets for the components listed within our reports for each of the regions we service. Similar to our “boots on the ground” approach when conducting our field assessments, we take the time to meet with local contractors and industry professionals on a regular basis to get up-to-date, real unit costs and product data so our reports provide a realistic outlook of what our clients are likely to have to pay for the renewal of their shared common elements, and when they are likely to require replacement. Component costs and how they perform can vary dramatically from region to region, and if steps are not taken to ensure the data used within the RS are in line with local contractors and suppliers, then the risk to the Association to make decisions such as raising annual rates to their reserve assessments beyond the rate of inflation or require their members to be special assessed goes up dramatically.

Funding Methodologies

Some of the following information was taken directly from a Community Association Institute, (CAI” published best practices document, “Reserve Studies & Reserve Management”. This document can be provided upon request.

There are two major types of funding plan methods: Cash Flow Method and Component Method.

• Cash Flow Method: A method of developing a reserve funding plan where contributions to the reserve fund are designed to offset the variable annual expenditures from the reserve fund. Different reserve funding plans are tested against the anticipated schedule and reserve expense until the desired funding goal is achieved. This method has also been called “pooling” and depending on the funding goal, can be less or more conservative than the component method.

• Component Method: A reserve funding plan where the total contribution is based on the sum of the contributions for the individual components. Prior to the adoption of the CAI National Standards, the term widely used was “Straight Line”. This is a very conservative approach to the funding reserves. It requires that each item on the component inventory is established as its own account, so the yearly funding covers the total cost of replacement. Simply stated, you take the total cost of the component, (less any existing reserve amount) and divide it by the remaining life of the component.

It is understood the Association has chosen the Cash Flow Method for their reserve funding plan.

Working in conjunction with the Cash Flow Method, are three commonly used funding goals. Below is a list of these goals, (listed in order or greatest risk) and includes a brief description of their differences.

• Baseline Funding – The objective of this funding goal is to keep the reserve’s account balance over a 30-year period, at or above zero, ($0). This is accomplished by forecasting which of the shared common elements owned by the Association will likely be replaced and what their estimated renewal costs, (expenditures) are likely to be at the time of replacement, within the next 30 years. However, for components that have a longer lifespan that places their renewal date beyond the 30-year scope of the study, the annual reserve assessments are likely not accounting for these eventual replacement costs. As a general rule, components with a prolonged lifespan tend to be more expensive than those with shorter lifespans. For example, most siding products have a life span of 40 or more years, and depending on the size of the community, the replacement of these components can cost several millions of dollars. If the Association has been using the Baseline goal since year one, then it is very likely no funds have been collected within the reserves during the first ten or more years of the siding’s life. If the siding has a forty-year life, then at year 11 the siding replacement will now be in full focus of the 30-year scope for the reserve funding schedule and will likely place the reserve’s ending balance at year 30 well below $0, (Negative Balance). This will require the Members of the Association who now live within the community to dramatically increase their reserve assessments in order to correct the budget shortfall created by the insufficient funds collected the first 10 years since the initial date of development. Furthermore, an Association using this funding goal should understand that any reduction in a component’s remaining useful life can also result in a deficit in the reserve’s cash balance and may require these funds to be generated via other means, such as a special assessment.

• Threshold Funding – This goal is similar to the Baseline funding concept, however, the minimum reserve cash balance in threshold funding is set at a predetermined dollar amount and is to remain at or above this amount for the entire duration set by the RS.

• Full Funding – The goal of this funding objective is to attain and maintain the reserve balance to equal the same value as the rate of deterioration of all the components shared by the Association. For example, if the Association has a component with a ten-year life and a $5,000 replacement cost, it should have $1,500 set aside for its replacement after three years, ($5,000 divided by 10 years = $500 per year X 3 years = $1,500). In this example, $1,500 equals full funding or 100% funded. Full funding is considered the safest method in terms of minimizing the risk to the Association’s Members by having to generate funds via other means, such as special assessments.

It is recommended that the Association make every effort to reach the goal of Full Funding. Doing so will help minimize the risk to their reserves from being depleted and causing future homeowners to sustain higher annual rate increases or unexpected special assessment demands.

Fiscal Year Duration: January 1, 2026 to December 31, 2026

• Key Financial Data, (As understood to have been reviewed and approved by the Association’s Board of Director):

 Estimated Reserve’s Account Balances as of January 1, 2026: $140,621



Estimated Annual Contributions to the Reserves for 2026: $26,290

Assumed “Earned Interest” Rate, (EIR): An assumed EIR of 0.50%, (percent) will be applied annually to the reserve’s account balance. The interest earned on the reserves for each year is based on a MidYear Interest Calculation. With the Mid-Year Interest Calculation, the interest earned is calculated at the middle of the fiscal year assuming that half the expenses have been taken out and half the annual contributions have been deposited into the reserves’ account.

Estimated Inflation Rate, (IR): An estimated increase of 3.0% (percent) will be applied annually to the replacement costs for each component listed within this funding plan. Future assessment increases will also factor-in this estimated rate. The Association may require increases above the IR in order to overcome budgetary shortfalls that were identified during the development of this year’s RS update. Appropriately managing scheduled assessment rate increases will help keep the reserve account properly funded over the established time period, (30-Years). EC recommends the Association look beyond the 30-year purview of this RS for any potential large expenditures that could place future homeowners within the community at risk of facing a special assessment or higher annual rate increases The United States Federal Reserve’s 30-year “Breakeven Inflation Rate” is currently recorded at 2.25%, (as of September 2025).

The following tables can be found in Chapter 5. The data they provide was essential during the development of this year’s reserve funding plan.

• Cash Flow Summary, (Table 1): Information found here provides a snapshot of the key financial data for each year. Information includes, scheduled reserve assessments and rate increases, expenditure totals, as well as the reserve account’s beginning and closing balances. In short, this table summarize how the funds within the reserve account or accounts are impacted annually, over the 30-year purview of this study.

• Shared Common Elements List, (Table 2): This table lists all of the components owned by the Association. Information found within includes but not limited to, date of procurement for each of the shared common elements, unit quantities, current replacement costs, as well as digital photographs to help better identify listed components. This data is then used to generate estimated replacement dates and replacement costs for the various common elements. Elements/Components are typically placed into categories or groups, such as common area tracts or zones. In some cases, components are grouped together due to their relationship with others. For example, communities where they share in ownership of the siding and roofing, these components would be categorized together because of their correlation to the buildings’ exterior envelope systems.

• Annual Expenditure Breakout, (Table 3): Some of the data provided in the forementioned cash flow summary chart can also be found within the annual expenditure breakout table. However, this table provides far more detail of each component’s scheduled expenditure by listing more precise cost analysis within a given year, as opposed to an annual lump sum value found within the cash flow summary table.

Opinions of probable cost for remedial work are provided only as an estimation or guide. The repair or replacement costs are based on published construction cost data, recent bid prices on similar work, and information provided by the Association or their representatives. The opinions of probable cost can vary due to a number of reasons including changing market conditions, availability of new materials, systems, technology, or new code requirements.

The repairs and replacements forecasted do not represent a fixed schedule for any given element or component reviewed. Such repairs or replacements may be required sooner or later than anticipated. It should also be noted that these repairs and replacements may not all take place within one year’s time and may not be required at all. However, it is prudent to budget for such repairs since failure of some components is somewhat unpredictable. The estimated service life assigned to each item assumes proper maintenance is conducted. Lack of maintenance will result in a decreased service life of various components.

EC recommends that the Association utilize the services of a 3rd party consultant when faced with the renewal of components that are considered complex or have a significant cost associated with their replacement. These design professionals will identify irregularities typically before any work begins, minimizing their client’s exposure to unnecessary risks and ultimately saving them time and money. They should be actively involved in all phases of the rehabilitation process, (Design, Bidding, and Construction Administration). EC cautions the Association from taking on these responsibilities themselves or trusting their contractor to proceed with work under the terms set by the contractor’s self-served contract.

4. FUNDING DATA & RESULTS

Saddle Ridge Ranch Owners Association, Inc.Expend iture Chart

Percentage of Anticipated Expenditures By Groups, ( 30-Year Outlook) (Groups are formed by multiple factors such as simi lar renewal timelines & common functions)

Shared Common Elements #01Landscaping Components : $152,360

Shared Common Elements #02Irrigation System Comp onents: $320,689

Shared Common Elements #03Asphalt Components, (I ncludes Signs): $456,808

Shared Common Elements #04Community Owned Struct ures, (Includes Monument): $160,929

Shared Common Elements #05Misc. Components, (Inc ludes Fencing Tasks): $95,027

Executive Summary

The following information summarizes the reserve funding plan for fiscal year 2026, as reviewed and approved by the Association’s Board of Directors, (BOD). The balance within the reserve account is estimated to be $140,621 on January 1, 2026. The annual contributions to reserves for fiscal year 2026 are estimated to be $26,390. The annual rate increase to the reserve contributions will be set at 5.0%. The cost impact caused by inflation, as well as addressing any budgetary shortfalls over the next 30 years were the primary factors for this year’s increase. For a complete list of the annual rate increases for the following 29 years, (2027 through 2055) please see Table 1: Cash Flow Summary of this RS, (See Page #13). As previously mentioned, this funding plan assumes a 3.0% inflation rate will be applied annually to the current estimated replacement costs of the shared common elements. A set annual EIR of % will be applied to the reserve funds’ account balance as outlined in Chapter 4 of this RS.

Analysis

Physical Analysis – An onsite, physical analysis of the shared common elements was conducted on January 26, 2023. The field assessment portion of this RS was limited to a visual analysis and excludes invasive or destructive testing. Observations are recorded using a representative sampling of the common area components that includes, quantity take-offs, field measurements, and digital photographs to support observed and reported conditions. Observed deficiencies, (if any) will be noted in the comments section for each component listed within “Table 2: Shared Common Elements”, (See Appendix A) of this RS.

Financial Analysis – As mentioned earlier, there are several funding goals when forecasting reserve assessments. The primary objective, regardless of which path is chosen is to ensure the financial stability of the reserve account so it not only meets the needs of the current or immediate residents living within the community, but also those in the future.

The annual closing balance for 2026 is estimated to be $145,193, setting the reserve’s funding percentage at 85%. Industry standards rate reserve accounts with funding percentages at or above 70% as strong and healthy. Reserve accounts that range from 31% to 69% funded are considered fair, in terms of financial solvency. Accounts at 30% or below are weak and have a high probability of requiring the Association to special assess their community’s membership.

The chart below shows the three largest renewal periods anticipated by this study:

Year(s)

Major Renewal Tasks* Total Annual Expenditures

2041 Community Monument, (Includes Mailbox Kiosk Cover) Approx. $94K

2045 Mill, Fill, & Re-Top at Asphalt Paved Roadways & Pathways Approx. $281K

2053 Sealing Coating, (3rd Application) Approx. $86K

*See Table 3: Annual Expenditure Breakout, for a complete breakout of the scheduled renewal tasks & costs for the years listed above.

Please note, that the forecasted repairs and replacements do not represent a fixed schedule for any given element or component reviewed. Such repairs or replacements may be required sooner or later than have anticipated. It should also be noted that these repairs and replacements may not all take place within one year’s time and may not be required at all. However, it is prudent to budget for such repairs since failure of some components are somewhat unpredictable.

Results

The amount of funds within the reserve account will maintain a positive balance from fiscal years 2026 through 2055, (30 Years). Over this time, the funding percentage will fluctuate up and down multiple times before finishing approximately 106%. This places the Association in a healthy financial position when speaking specifically about the available funds within their reserves to cover expenditures that will be drawn against this account over the next 30 years. This is contingent on the Association following the established funding plan and goal, updating it annually, and how well they care and maintain their shared common elements.

AssumedRateofInflation:

Assumed"EarnedInterest"Rate:

2026$140,6215.0%$26,390$137.45($22,530)$145,193$169,85985% 2027$145,1935.0%$27,709$144.32($67,980)$105,547$180,12859% 2028$105,5475.0%$29,095$151.53($6,896)$128,329$202,55263% 2029$128,3293.0%$29,967$156.08($42,092)$116,816$191,17061% 2030$116,8163.0%$30,866$160.76($7,316)$141,010$214,96266% 2031$141,0103.0%$31,792$165.59($11,303)$162,256$236,24169% 2032$162,2563.0%$32,746$170.55($37,911)$157,889$232,33568% 2033$157,8893.0%$33,729$175.67($43,784)$148,598$223,24667% 2034$148,5983.0%$34,740$180.94($11,401)$172,739$247,10070% 2035$172,7393.0%$35,783$186.37($18,267)$191,163$265,42672% 2036$191,1633.0%$36,856$191.96($34,606)$194,374$268,83972% 2037$194,3743.0%$37,962$197.72($53,348)$179,921$254,51471% 2038$179,9213.0%$39,101$203.65($19,961)$200,009$271,78174% 2039$200,0093.0%$40,274$209.76($9,545)$231,814$300,87077% 2040$231,8143.0%$41,482$216.05($20,843)$253,663$320,44879% 2041$253,6633.0%$42,726$222.53($93,868)$203,662$269,34176% 2042$203,6623.0%$44,008$229.21($16,849)$231,907$294,71379% 2043$231,9073.0%$45,328$236.09($14,049)$264,424$324,67181% 2044$264,4243.0%$46,688$243.17($23,834)$288,658$346,79883% 2045$288,6583.0%$48,089$250.46($280,771)$56,837$113,73850% 2046$56,8373.0%$49,532$257.98($13,997)$92,744$141,58066% 2047$92,7443.0%$51,018$265.72($52,609)$91,612$132,79769% 2048$91,6123.0%$52,548$273.69($17,245)$127,462$160,30380% 2049$127,4623.0%$54,125$281.90($16,775)$165,541$190,67987% 2050$165,5413.0%$55,748$290.36($28,459)$193,726$211,55392% 2051$193,7263.0%$57,421$299.07($53,915)$198,210$208,90595% 2052$198,2103.0%$59,143$308.04($22,644)$235,791$238,79799% 2053$235,7913.0%$60,918$317.28($85,564)$212,262$208,053102% 2054$212,2623.0%$62,745$326.80($31,528)$244,619$235,360104% 2055$244,6193.0%$64,627$336.60($25,922)$284,644$269,443106%

* Fundingplanassumesthatallunits/residencepayanequalshareofthe"TotalAnnualContribution"value. ($1,185,813)

** IncludesProjectedEarnedInterest

APPENDIX A

TABLE 2: SHARED COMMON ELEMENTS LIST

This table provides a list of the shared common elements owned by the Association. Data and information includes, but is not limited to component quantities, initial year of installation or last known year of replacement, and current estimated unit costs. In addition, this table may include a brief comment, clarification, or recommendation for each component listed. EC recommends that close attention be maintained for systems that could have an elevated maintenance requirement. These components are typically exposed to conditions where they are unlikely to fulfill their typical service life. However, it should be noted that in some instances a heightened maintenance plan can maximize the component’s serviceable life span. Where a specific material, component or assembly could not be verified during our field assessment, EC has assumed the components are suitable for their intended use. Replacement costs are based on assumed/estimated values the year this RS was developed.

Per

01-0623). Proposed scope includes installation of shoulder materials along the pathway's edge. These costs have been captured within this line item's estimated unit cost.

It is highly recommended the Association follow through with this plan and within the scheduled timeframe, as assessments that should have been collected for the various common elements within this building are unfunded and could be classified as unethical should the scheduled demolition be put off indefinitely. It is further recommended that assessments immediately be realized within the

annual contributions to their reserves if the demolition project is postponed beyond fiscal year 2027.

2024

It is highly recommended the Association follow through with this plan

It

2024

It

It is highly recommended the Association follow through with this plan and within the scheduled timeframe, as assessments that should have been collected for the various common elements within this building are unfunded and could be classified as unethical should the scheduled demolition be put off indefinitely. It is further recommended that assessments immediately be

2024

It is highly recommended the Association follow through with this plan and within the scheduled timeframe, as assessments that should have been collected for the various common elements within this

are unfunded and could be classified as unethical should the scheduled demolition be put off indefinitely. It is further recommended that assessments immediately be realized within the Association's annual contributions to their reserves if the demolition project is postponed beyond fiscal year 2027.

Saddle Ridge Ranch Owners Association, Inc.

APPENDIX B

TABLE 3: ANNUAL EXPENDITURE

BREAKOUT

This table is generated by using the estimated values established by “Table 2: Shared Common Elements List”, (See Appendix A). Its primary purpose is designed to provide a complete breakout of the annual expenditures for each of the shared common elements over the 30-year period of this study. The estimated renewal costs listed within this table have factored-in the assumed rate of inflation, (3.0%).

Saddle Ridge Ranch Owners Association, Inc.

Table 3: Annual Expenditure Breakout, (30-Year Outlook)

Table 3: Annual Expenditure Breakout, (30-Year Outlook)

ENVELOPE ASSEMBLIES

Sub-Section #1: Irrigation System Pump House

Pump House_Siding & Trim, (Replacement)

Sub-Section #2: Community Storage Facility, (Warehouse)

27Aluminum Siding & Roofing Assemblies, (Refinishing) - Unfunded

28Windows & Entry Swing Door, (Replacement) - Unfunded

2912' Overhead Door, (Replacement) - Unfunded

30Corrugated Metal Roofing Assemblies, (Replacement) - Unfunded

31Corrugated Metal Cladding/Siding Assemblies, (Replacement) - Unfunded

Sub-Section #1: Community Storage Facility, (Warehouse)

32Refinishing/Painting - Unfunded

33Carpeting, (Replacement) - Unfunded

34Windows & Swing Door, (Replacement) - Unfunded

35Electrical Components - Unfunded

36Concrete Flatwork - Unfunded

PROJECT

Sub-Section #1: Community Storage Facility, (Warehouse)

37D-Day Project

Saddle Ridge Ranch Owners Association, Inc.

Table 3: Annual Expenditure Breakout, (30-Year Outlook)

SHARED COMMON ELEMENTS #1: GROUNDS/SITE COMPONENTS

Sub-Section #1: Landscaping Components

1Beauty Bark Replenishment/Refresh

2Rocks/Gravel Replenishment

3Tree Maintenance, Removal & Replacement

4Future Landscaping Improvement Projects - Currently Unfunded

Sub-Section #2: Irrigation System Components

5Irrigation Supply Lines, (Targeted Annual Repairs)

6Irrigation Control Devices, (Minor System Components)

7Irrigation Control Devices, (Major System Components)

8Irrigation Water Valve Vault

9Electrical Components

Sub-Section #3: Fencing Components

10Fencing, (All Types/Styles) - Refinishing/Staining

11Fencing, (All Types/Styles) - Replacement

Sub-Section #4: Community Monument Components, (Includes Mailbox Kiosk Cover)

12Community Monument Structures, (Refinishing/Staining)

13Community Monument Structures, (Replacement/Renewal)

Sub-Section #5: Misc. Components

14Mailbox Kiosk, (16-Box Cluster, w/2-Box Parcel Locker) SHARED COMMON ELEMENTS

(Renewal Tasks)

16Asphalt Paved Pedestrian Pathways_Seal Coat, (Minor Renewal Task) 17Asphalt Paved Pedestrian Pathways_Mill, Fill, & Overlay, (Major Renewal Task)

Sub-Section #6: Asphalt

Components

20Decorative Brick Pavers @ Community Entrance

21Signs, (Plate Only)

22Signs, (Plates & Posts)

Saddle Ridge Ranch Owners Association, Inc.

Table 3: Annual Expenditure Breakout, (30-Year Outlook)

SHARED COMMON ELEMENTS #3: COMMUNITY OWNED STRUCTURES

BUILDING ENVELOPE ASSEMBLIES

Sub-Section #1: Irrigation System Pump House

23Irrigation Pump House_Siding & Trim, (Refinishing/Staining)

24Irrigation Pump House_Entry Swing Door, (Replacement)

25Irrigation Pump House_Asphaltic Roofing Shingles, (Replacement)

26Irrigation Pump House_Siding & Trim, (Replacement)

Sub-Section #2: Community Storage Facility, (Warehouse)

27Aluminum Siding & Roofing Assemblies, (Refinishing) - Unfunded

28Windows & Entry Swing Door, (Replacement) - Unfunded

2912' Overhead Door, (Replacement) - Unfunded

30Corrugated Metal Roofing Assemblies, (Replacement) - Unfunded

31Corrugated Metal Cladding/Siding Assemblies, (Replacement) - Unfunded INTERIOR COMPONENTS

Sub-Section #1: Community Storage Facility, (Warehouse)

32Refinishing/Painting - Unfunded

33Carpeting, (Replacement) - Unfunded

34Windows & Swing Door, (Replacement) - Unfunded

35Electrical Components - Unfunded

36Concrete Flatwork - Unfunded

DEMOLITION PROJECT

Sub-Section #1: Community Storage Facility, (Warehouse)

37D-Day Project

2026 Reserve Study

Saddle Ridge Ranch

APPENDIX C

FIVE-YEAR EXPENDITURE

OUTLOOK

2026 Reserve Study

Saddle Ridge Ranch

5. SUMMARY

Equip Consulting has reviewed and assessed the reserve requirements for the Saddle Ridge Ranch Owners Association, Inc. in accordance with the scope of services indicated within the authorized service agreement and the “Limitations” outlined in Appendix E of this report.

The following table summarizes the results of the study:

* Financial figures are for year one of this study, January 1, 2026 to December 31, 2026

Calculations of the accumulated funds within the reserve account include the interest earned per the estimated rates established by the Association.

The RS is a dynamic document that will change over time as repairs and/or replacements are carried out for each of the shared common elements included within this RS, as well as the ever-changing interest and inflation rates that affect our economy. As such, regular updates to the available reserve funds, including visual reviews of the shared common elements are necessary to re-assess the financial planning needs of the Association. EC also recommends that the Board of Directors review local and state laws, the Association’s governing documents, as well as their community’s goals and objectives in relationship to their investment decisions. We also recommend that the Association utilize the services of a financial planner who can implement an investment strategy to maximize the rate of return on the accumulated reserve funds. This will put the Association in a proactive position to plan for future replacement work prior to the common elements reaching a fully deteriorated condition, which may result in less expensive repair costs.

The annual contributions to the reserve account have been established by the Board of Directors.

Sincerely,

Equip Consulting

Caleb VanderMolen, Principal Reserve Study & Maintenance Plan Professional

2026 Reserve Study

Saddle Ridge Ranch

APPENDIX D

PLAT MAPS

Saddle Ridge Ranch

APPENDIX E LIMITATIONS

This report is intended for the sole use of the client indicated above and must not be distributed to, or used by, others without our knowledge. It is based on the documents and information provided to us and the findings at the time of our on-site review.

It is a basic assumption that any correspondence, material, data, evaluations, and reports furnished by others are free of latent deficiencies or inaccuracies except for apparent variances discovered during the completion of this report.

Unless specifically noted in this report, no testing, verification of operation of systems, review of concealed elements, intrusive openings, opening of system components for internal inspection, detailed analysis or design calculations were conducted, nor were they within the scope of this review.

Some of the findings herein are based on a random sampling visual review of the surface conditions, discussions with the Board of Directors and/or their designated representatives, and review of relevant documents. Observations were made only of those areas that were readily accessible during our review. Deficiencies existing but not recorded in this report were not apparent given the level of study undertaken. Unless otherwise indicated in this report, components are assumed to be suitable for their intended use and are being used under normal service conditions. Finally, for this year’s update, we have not undertaken a physical review of subsurface conditions or concealed structural systems.

It is possible that unexpected conditions may be encountered at buildings/facilities that have not been explored within the scope of this report. Should such an event occur, EC should be notified in order that we may determine if modifications to our conclusions are necessary.

In issuing this report, EC does not assume any of the duties or liabilities of the designers, builders, or owners of the subject property. Owners, prospective purchasers, tenants, or others who use or rely on the contents of this report do so with the understanding as to the limitations of the documents reviewed and the general visual review undertaken and understand that EC cannot be held liable for damages they may suffer in respect to the purchase, ownership, or use of the subject property.

Professional judgment was exercised in gathering and analyzing the information obtained and in the formulation of the conclusions. Like all professional persons rendering advice, we do not act as insurers of the conclusions we reach, but we commit ourselves to care and competence in reaching those conclusions. No warranties, either expressed or implied, are made.

Mailing Address

SADDLE RIDGE RANCH ARCHITECTURAL REVIEW COMMITTEE

APPLICATION FORM – PAGE 1

Contractor Mailing Address

The Architectural Review Committee (ARC), as provided for in the Planned Community Subdivision Declaration for Saddle Ridge Ranch, exists to maintain high standards for design development and appropriate use of homes and property. When an owner wishes to construct a home or remodel an existing home, application is to be made to the Committee by using this form. Completion of the following pages will provide the Committee with the information necessary to review the proposed construction for compliance with the Guidelines. The ARC representative can be contacted for information and assistance.

1. Complete and submit this application. Notice of action taken by the Committee will be mailed to applicants as soon as possible. Applicants must respond to the Committee in writing following receipt of the concerns of the Committee.

2. Submittal of 2 sets of full size construction documents and a set of 11”x17” drawings in PDF format as outlined on the following pages (one set will be kept in the ARC office and one set will be kept at the jobsite). Plans must include site plan, elevations, topographical maps, and survey if necessary.

Saddle Ridge Ranch ARC Application 09102013

SADDLE RIDGE RANCH ARCHITECTURAL REVIEW COMMITTEE

APPLICATION FORM – PAGE 2

3. Prior to ARC review payments include: NEW HOME CONSTRUCTION SUBMITTAL REQUIREMENTS FEE Refundable

SUBMITTAL REQUIREMENTS

SADDLE RIDGE RANCH ARCHITECTURAL REVIEW COMMITTEE

OWNER CONSTRUCTION AGREEMENT (For New Construction)

As a property owner at Saddle Ridge Ranch, I/we have read and will conform to the current Rules and Guidelines established by the Architectural Review Committee (“ARC”), and the submittal form and application. I/we fully understand the requirements of this submittal.

Any change in the exterior from an approved submittal must be resubmitted to the ARC for approval.

I/We assume full responsibility for the location of the property lines of my/our lot and will locate all pins or conduct a survey to confirm the correct property lines. In addition, I/we are aware of the building contractor regulations and the sign policies set forth in the ARC Guidelines and agree to inform the contractor of these regulations and policies and to abide by these policies. I/We assume full responsibility for any and all damage by the contractor to adjacent lots, common area, or my/our property during the construction of my home, including unauthorized or accidental tree/shrub removal or damage.

OWNER SIGNATURES: (Signatures of all owners required)

Saddle Ridge Ranch ARC Application 09102013

SADDLE RIDGE RANCH ARCHITECTURAL REVIEW COMMITTEE

OWNER CONSTRUCTION AGREEMENT (For additions/remodels)

As a home owner at Saddle Ridge Ranch requesting an addition/remodel to the home on Lot No.___________________________, I/we have read and will conform to the current Rules and Guidelines established by the Architectural Review Committee (“ARC), and the submittal form and application. I/we fully understand the requirements of this submittal.

Any change in the exterior design and/or construction from the original submittal will be resubmitted to the Committee for approval.

DATE:________________________

OWNERS SIGNATURES: (Signatures of all owners required)

Saddle Ridge Ranch ARC Application 09102013

SADDLE RIDGE RANCH ARCHITECTURAL REVIEW COMMITTEE

BUILDERS AGREEMENT

I have read, fully understand and will conform to the current Rules and Guidelines established by the Saddle Ridge Ranch Architectural Review Committee (“ARC”), in connection with all construction work performed by me and my subcontractors on Lot N

I am aware of the building contractor regulations set by the ARC, and the sign policy set forth in the ARC Guidelines and agree to abide by these policies. I understand fines may be assessed against me and/or the lot owner for violation of these Guidelines by the ARC. DATE ________________________

BUILDER SIGNATURE:

Date Received: ________________ Submitted by: ____________________________ Received by:_________________________

Saddle Ridge Ranch ARC Application 09102013

ARC SUBMITTAL FORM – Page 1

Date: ______________

ITEMS TO REMEMBER:

1. Architectural Review Committee (ARC) approval is valid for twelve (12) months for new homes and six (6) months for remodeling. If construction has not begun in that time, a new application must be made with an additional deposit required.

2. All proposed exterior construction on your lot must be completed within eight (8) months from the date construction is begun.

3. All landscaping must be completed within sixty (60) days of completion of the home (see Rules and Guidelines)

4. The ARC assumes no liability for encroachments into platted setbacks, solar setbacks or onto easements or neighboring property. Be sure to check the plat of your lot and property lines to avoid encroachments and trespass. If pins can not be located, a survey must be conducted to locate property lines.

All applicants are required to submit 1 set of full size building plans and one detailed site plan. A complete set of 11”x17” plans in PDF format saved either electronically or to disk must also be submitted. Due to the detailed information required for the site plan and the on-site building stakeout/string line requirements, the ARC advises the applicant to have a professional surveyor prepare the site plan and place the stakes and string lines.

Following is a list of items which must be included in Architectural Review Committee submittals and will be considered by the ARC prior to approval of proposed construction.

CHECKLIST [Please check off each item included]

A. SITE PLAN:

_____1. Title Block

_____2. Scale: 1” = 10’

_____3. Property Lines dimensioned from pin to pin

_____4. Setbacks and Easements shown as dashed lines and labeled

5. Building Locations and Building Projection Locations

6. Utilities

7. Trees, Shrubs and Natural Features

8. Area Tabulation (in lower right corner of Site Plan)

9. Topography (existing and proposed changes)

_____10. Driveways, Pathways, Parking Areas

_____11. Privacy Screens and Fences

_____12. Construction Staging and Temporary Structures

_____13. North Arrow

_____14. HVAC / etc. Exterior Enclosures

_____15. Exterior Building Lighting Samples

B. SITE LAYOUT:

______1. Property Lines: Pins located, lines strung with surveyor’s tape

______2. String Layout of Building Perimeter; including garage, decks, driveway and other parking

______3. Trees and Shrubs proposed for removal (ribboned)

4. Adjacent Property Protection (rope-off neighboring properties, sides and across the street)

Saddle Ridge Ranch ARC Application 09102013

ARC SUBMITTAL FORM – Page 2

C. ELEVATIONS: To be drawn with actual grade reflected in elevation.

______1. Scale: All sides of the home shown at a minimum scale: 1/4” = 1’

______2. Door and window openings- show grids if applicable

______3. Exterior building features (roofing, siding, fireplace chimneys and vents, railings, trim, foundation, masonry, heat pump and propane shrouds, etc.)

______4. Location of all exterior light fixtures and samples (catalog)

______5. Note the types of all exterior materials and finishes to be used (note lap exposure for lap siding)

______6. IMPORTANT - Show the proposed structure’s plate heights and ridge heights from finish grade

______7. Elevations drawn with respect to the finish grade

D. FLOOR PLANS:

______1. Scale: 1/4” = 1’- note on plan

______2. Square footage of each floor and total square footage of the home

______3. Dimensions of all interior and exterior walls

______4. Location and sizes of all windows, doors and openings

______5. Locations of decks, patios, porches and privacy screens

______6. Label all rooms (Dining, Bedroom, Kitchen, etc.)

E. PERSPECTIVE DRAWINGS:

1. Check if included in submittal (11 x 17 layout in PDF or CAD format, saved electronically or on disc)

F. EXTERIOR PAINT SCHEDULE:

______1. Minimum Scale: 1” = 20’ (on elevation)

______2. Title Block- Same as Site Plan Title Block

______3. Location of all exterior colors

______4. Submitted with paint samples

G PRELIMINARY LANDSCAPING PLAN & SITE PLAN:

______1. Title Block and Scale

______2. Existing Trees

______3. Grade Changes

______4. Walkway and Bed Materials

______5. Plant Materials

______6. Scarred Areas

_____7. Landscape Lighting

______8. Turf

9. Planting Zones

_____10. Irrigation System Plan- on a separate sheet

- Controller - Model and number of spray heads - Drop system Approved final plan must be submitted once main shell is enclosed

Ridge Ranch ARC Application 09102013

ARC SUBMITTAL FORM – Page 3

H. OUTLINE OF SPECIFICATIONS & PROCEDURES TO BE USED IN CONSTRUCTION:

#1 Provisions for construction period:

a. Temporary structures (what and where):

b. Location of staging and material storage areas:

d. Measures to be taken to protect topography, native areas and neighboring property from damage:

#2 Site work:

a. Walkways and driveway (material):

#3 Foundation:

a. Type and material:

#4 Exterior masonry: (samples to be submitted if used)

a. Type and location:

#5 Exterior metals: (may be required to be painted depending on application)

a. Type and location:

#6 Exterior wood: (samples may be requested)

a. Siding description; note exposure width at laps if a lap siding is used, etc.:

b. Trim description:

c. Exposed framing description and location:

#7 Roof Construction:

a. Main roofing materials: (colors and samples to be submitted) Pitch _____________ Brand/Color/Style ________________________________________

b. Secondary roofing materials: (colors and samples to be submitted) Pitch______________ Brand/Color/Style________________________________________

c. Flashing/Roof Metals (materials and type - must be colored or painted to blend with roof) Locations:__________________________________________________________________

d. Skylights (type and color of glazing to be used) _____________________________________________________________________

Saddle Ridge Ranch ARC Application 09102013

#8

Exterior openings:

a. Doors (materials and finish)

Type_______________________________________ Color_____________________________

b. Windows (materials and finish)

Type_______________________________________ Color_____________________________

#9 Exterior staining (submit color samples on 8 ½” x 11” cardboard)

a. Siding: Stain

Type_______________________________________ Color_____________________________

b. Siding: Stain

Type_______________________________________ Color_____________________________

c. Trim Stain

Type_______________________________________ Color__________

d. Accent Colors (such as front door, shutters, etc.)

Location_________________________________ Stain Color_______________________

d. Metals:

Type_______________________________________ Color_____________________________

#10 Heating/Cooling System (includes type, location and if specifying the use of solar or other exterior equipment, including heat pumps, please indicate):

Screening Material: Type__________________________ Color__________________________

#11 Garage overhead door- design to be shown on plan or submit catalogue cut:

Type_______________________________________ Color_____________________________

Wood___________________________________Stain_____________________________

Saddle Ridge Ranch ARC Application 09102013

SADDLE RIDGE RANCH ARCHITECTURAL REVIEW COMMITTEE

INSPECTION REQUEST AND COMPLIANCE DEPOSIT REQUEST FORM

Home owner: Date:

Property Address:__________________________________ Phone: _____________ Fax:_____________

Lot #:

Date of ARC Approval: Date of Certificate of Occupancy:____________

Check the appropriate box for the deposit you are requesting:

 Exterior Completion Inspection

 Landscape Final Inspection

 Exterior Alteration/Remodel Inspection

Make Check Payable to:

Mailing Address:

Homesite Owner Signature:

Attach a copy of the Certificate of Occupancy.

Please return to Saddle Ridge Ranch (ARC), PO Box 1466, Bend, OR 97709. For Office Use Only ARC verification & approval:

Saddle Ridge Ranch ARC Application 09102013

SADDLE RIDGE RANCH ARCHITECTURAL REVIEW COMMITTEE

TREE AND SHRUB REMOVAL PERMIT

To establish and preserve a harmonious relationship between the existing natural landscape and proposed improvements, a tree and shrub removal permit is required for trees with a trunk diameter greater than 6” measured at 12” above grade or shrubs over 5’ in height.

Date:_______________

Property Owner:

Mailing Address:

Telephone:

Lot No.:

Number of trees to be removed:

Number of shrubs to be removed:

Owner’s signature:

Date:

1. Provide a site plan, 1” = 10’, that shows the existing trees with a trunk diameter greater than 6” measured at 12” above grade and shrubs over 5’ in height denoting which ones are proposed for removal.

2. Flag all items proposed to be removed marked with colored tape/ribbon - No paint.

Items to be: Removed: use yellow

Pruned: use blue

Transplanted: use orange

Conditions of approval:_______________________________________________________________________

Approved by:

Saddle Ridge Ranch ARC Application 09102013

Date:

December 1, 2025

TO: Saddle Ridge Ranch Homeowners Association Members:

Attached for your review is the 2026 Operating Budget for the Saddle Ridge Ranch Homeowners Association. This budget includes a detailed comparison to the actual operating results for 2023 and 2024, as well as the projected operating results for 2025.

After careful review, the Board of Directors has elected not to increase the annual assessment for 2026.

Although the Association’s reserve contribution is scheduled to increase based on the recommendations of the reserve study, the Board determined that this adjustment can be accommodated within the existing assessment structure. Maintaining appropriate reserve funding is essential to the long-term financial health of the Association and ensures the community is prepared for future repair and replacement needs. By holding assessments steady, the Board is able to preserve service levels while continuing responsible financial planning for the community.

A summary of changes to the 2026 quarterly assessment is outlined below:

The Board projects that 2025 will conclude with a positive net operating income of approximately $11,900. Based on this estimate, the year-end operating cash balance is expected to be roughly $19,600. While this reflects sound financial management, the Board’s goal is to maintain operating cash reserves equivalent to approximately three months of expenses, or about $19,800. As a result, the projected operating cash balance is anticipated to fall slightly below this target by the end of 2025.

Please keep in mind that forecasting future operating and reserve costs is not an exact science, and actual expenditures may be higher or lower than projected.

If you have any questions, please email Mile High Community Management at accounting@milehighmgmt.com or call 541-598-7662.

Thank you for your continued support of our community.

Best Regards,

Saddle Ridge Ranch Homeowners Association Board of Directors

Expenses

Saddle Ridge Ranch Owners Association

2026 Budget vs. 2023/2024

&

S E L L E R S D I S C L O S U R E S

SELLER’S PROPERTY DISCLOSURE STATEMENT

INSTRUCTIONS TO THE SELLER

Please complete the following form. Do not leave any spaces blank. Please refer to the line number(s) of the question(s) when you provide your

explanation(s). If you are not claiming an

or refusing to provide the form under ORS 105.475(4), you should date and sign each page of

Each seller of residential property described in ORS 105.465 must deliver this form to each buyer who makes a written offer to purchase. Under ORS

105.475(4), refusal to provide this form gives the buyer the right to revoke their offer at any time prior to closing the transaction. Use only the section(s)

of the form that apply to the transaction for which the form is used. If you are claiming an exclusion under ORS 105.470, fill out only Section 1.

An exclusion may be claimed only if the seller qualifies for the exclusion under the law. If not excluded, the seller must disclose the condition of the

Property or the buyer may revoke their offer to purchase anytime prior to closing the transaction. Questions regarding the legal consequences of the

seller's choice should be directed to a qualified attorney.

SELLER’S PROPERTY DISCLOSURE STATEMENT

IF YOU DID NOT CLAIM AN EXCLUSION IN SECTION 1, YOU MUS T FILL OUT THIS SECT ION

NOTICE TO THE BUYER: THE FOLLOWING REPRESENTATIONS ARE MADE BY THE SELLER(S) CONCERNING THE CONDITION OF THE

PROPERTY LOCATED AT

(THE “PROPERTY”).

DISCLOSURES CONTAINED IN THIS FORM ARE PROVIDED BY THE SELLER ON THE BASIS OF SELLER’S ACTUAL KNOWLEDGE OF THE

PROPERTY AT THE TIME OF DISCLOSURE. BUYER HAS FIVE BUSINESS DAYS FROM THE SELLER’S DELIVERY OF THIS SELLER’S

DISCLOSURE STATEMENT TO REVOKE BUYER’S OFFER BY DELIVERING BUYER’S SEPARATE SIGNED WRITTEN STATEMENT OF

REVOCATION TO THE SELLER DISAPPROVING THE SELLER’S DISCLOSURE STATEMENT, UNLESS BUYER WAIVES THIS RIGHT AT OR

PRIOR TO ENTERING INTO A SALE AGREEMENT.

FOR A MORE COMPREHENSIVE EXAMINATION OF THE SPECIFIC CONDITION OF THIS PROPERTY, BUYER IS ADVISED TO OBTAIN AND

PAY FOR THE SERVICES OF A QUALIFIED SPECIALIST TO INSPECT THE PROPERTY ON BUYER’S BEHALF INCLUDING, FOR EXAMPLE,

ONE OR MORE OF THE FOLLOWING: ARCHITECTS, ENGINEERS, PLUMBERS, ELECTRICIANS, ROOFERS, ENVIRONMENTAL

INSPECTORS, BUILDING INSPECTORS, CERTIFIED HOME INSPECTORS, OR PEST AND DRY ROT INSPECTORS.

Seller (select one) is is not occupying the Property.

I. SELLER’S REPRESENTAT IONS

in the

or any

*If you mark “Yes” on items with *, attach a copy or explain on an attached sheet.

A. Do you have legal authority to

B. *Is title to the Property subject to any of the following?

First right of refusal Option Lease or rental

C. *Is the

D. *Are there any encroachments, boundary agreements, boundary

E. *Are there any rights of way, easements, licenses, access limitations or claims

that may affect your interest in the Property?

F. *Are there any agreements for joint maintenance of an easement or right of way?

G. *Are there any governmental studies, designations, zoning overlays, surveys or

notices that would affect the Property?

H. *Are there

I. *Are there any

or

SELLER’S PROPERTY DISCLOSURE STATEMENT

J. *Is there a

K. *Are there any covenants, conditions, restrictions or private assessments that affect

the

L. *Is the Property subject to any special tax assessment or tax treatment that may

result in levy of additional taxes if the Property is sold?

the

c. *Is there an

maintenance

is

(recorded or unrecorded) for your access to or

or

have you had any of the

SELLER’S PROPERTY DISCLOSURE STATEMENT

A. *Has the roof leaked?

If yes, has it been repaired?

E. Is there a woodstove or fireplace insert included in the sale?

yes, what is the make?

yes, was it installed with a permit?

is

F. *Has pest and dry rot, structural or “whole house” inspection been done within the

SELLER’S PROPERTY DISCLOSURE STATEMENT

G. *Are there any moisture problems, areas of water penetration, mildew odors or

other moisture conditions (especially in the basement)?

yes, explain on attached sheet the frequency and extent of problem and any insurance

claims, repairs or remediation done.

H. Is there a sump pump on the Property?

I. Are there any materials used in the construction of the structure that are or have been

the subject of

yes, what are the materials?

Are there problems with the materials?

the following

or

SELLER’S PROPERTY DISCLOSURE STATEMENT

or

7. COMMON INTEREST

A.

B. Regular periodic assessments: $_______________

C. *Are there any pending or proposed special assessments?

D. Are there shared “common areas” or joint maintenance agreements for facilities

or other areas co-owned in

E. Is the Home Owners’ Association or other governing entity a party to pending

litigation or subject to an unsatisfied judgment?

F. Is the Property in violation of recorded covenants, conditions and restrictions or in

violation of other bylaws or governing rules, whether recorded or not?

8. SEISMIC

A. Was the house constructed before

If yes, has the house been bolted to its foundation?

9. GENERAL

A. Are there problems with settling, soil, standing water or drainage on the Property

or in the immediate area?

B. Does the Property contain fill?

C. Is there any material damage to the Property or any of the structure(s) from fire,

wind, floods, beach movements, earthquake, expansive soils or landslides?

D. Is the Property in a designated floodplain?

Note: Flood insurance may be required for homes in a floodplain.

E. Is the Property in a designated slide or other geologic hazard zone?

F. *Has any portion of the Property been tested or treated for asbestos, formaldehyde,

radon gas, lead-based paint, mold, fuel or chemical storage tanks or contaminated

soil or water?

G. Are there any tanks or underground storage tanks (for example, septic, chemical, fuel,

etc.) on the Property?

SELLER’S PROPERTY DISCLOSURE STATEMENT

VERIFICATION

SELLER’S PROPERTY DISCLOSURE STATEMENT

I M O N I A L S

A N T T O L E A R N M O R E ?