Petrosa Residential Owners Association

Key facts from Petrosa Residential Owners Association's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (master planned community with Project Associations; not a condominium) (Recital C: 'Project will be “Petrosa Res)

Units / lots

80 residential lots in Phase 1 (Lots 1 through 80) plus future phases (Section 3.1(a): 'Residential Lots: Lots )

Developer / declarant

Pahlisch Homes at Petrosa Limited Partnership, an Oregon limited partnership (Page 1, first paragraph of Declaration)

Governing law

Oregon nonprofit corporation law (reference to nonprofit corporation laws of Oregon in Articles and Bylaws) (Section 5.4(b) and Bylaws Article 1.2)

Assessments & dues

Board prepares budget at least 60 days before fiscal year; levies General Assessments allocated among Project Associations based on relative acreage of each Project Association's lots and common area tracts (Sections 6.2(a), 6.2(c))

Special assessments

Yes, Board may levy Special Assessments for capital improvements, unexpected repairs, or one-time expenditures; allocated same as General Assessments (Section 6.3)

Collections & liens

Not explicitly provided; Council may bring legal proceedings against Project Association, deny access to Community Improvements (but not deprive Owner access to Unit) (Sections 7.1, 7.2(b))

Reserves & fees

Board may include reserves in budget for maintenance, replacement, repair of capital items; calculations based on number and nature of assets, expected life and cost (Section 6.2(b))

Leasing & rentals

Owners may lease their units; lessee may be considered Owner for purposes of this Declaration if lease term >1 year and copy filed with Council; Owner assigns rights to lessee during lease period (Sections 1.18 (definition of Owner inclu)

Signs & flags

Signs on Community Improvements only by Declarant or Project Association with Council approval; must comply with local sign ordinances (Section 4.3(a) last sentence)

Voting & meetings

Directors appointed by Project Associations; no direct owner voting for Council board; each Project Association board appoints its representatives (Bylaws 3.3(a): 'each Project Association)

Amendments

By vote or written consent of at least 75% of directors of Council and, during Development Period, written consent of Declarant; amendment effective upon recording; no amendment may change boundaries or uses of Units without unanimous conse (Sections 8.4, 8.5)

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