Fuel Building Condominium Owners' Association

Key facts from Fuel Building Condominium Owners' Association's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Fuel Building Condominium) within the River Bend master planned community (Plat title: 'FUEL BUILDING CONDOMINIUM';)

Legal name

Fuel Building Condominium Owners' Association

Units / lots

At least 2 units (Unit 1 identified; Unit 2 implied by floor plans and unit boundaries) (Plat: 'EMERGENCY ACCESS EASEMENT BENEFIT)

Developer / declarant

Mill Shops, LLC; Fuel Building Development, LLC; River Bend Limited Partnership; Bank of the Cascades (as beneficiaries) for the condominium plat; River Bend Limited Partnership as Declarant for the Master Declaration (Plat Declaration: 'MILL SHOPS, LLC... FU)

Governing law

Oregon Condominium Act (ORS 100.005 to 100.625) (Plat Declaration: 'commits said land to )

Assessments & dues

Base Assessment Amount initially $550 per acre of land owned by Member, increased by 200% of CPI increase annually (commencing January 1, 2000) (Master Declaration Section 1.1 definitio)

Special assessments

Allowed pursuant to Section 11.4 (details not excerpted) (Master Declaration Section 11.4)

Collections & liens

Association has a lien for assessments (Section 11.8) and may enforce lien upon default (Section 11.12); details not excerpted (Master Declaration Sections 11.8, 11.12)

Reserves & fees

Association shall not impose any transfer fee greater than costs estimated to be incurred in connection with the transfer (Master Declaration Section 4.7(iv))

Architectural approval

Committee shall render decision within 30 days after receiving complete written application (Master Declaration Section 6.5)

Setbacks / home size

Parcels subject to setbacks shown on Plat or established by governmental authority, and more restrictive requirements in Design Guidelines (Master Declaration Section 7.4)

Voting & meetings

Class A Members (Owners) have one vote per acre of land owned (partial acres rounded up); Class B Member (Declarant) has voting rights as set forth in Bylaws (Master Declaration Section 9.3: 'Each Cl)

Amendments

Amendment requires vote of Class A Members and mortgagee approvals as per Section 18.2 (details not fully excerpted) (Master Declaration Section 18.2)

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