Nacira Park

Key facts from Nacira Park's documents

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

Community type

condominium (Article 7 heading)

Legal name

NACIRA PARK HOMEOWNERS ASSOCIATION

Developer / declarant

Vista Northwest, Inc. (and Interlocking Enterprises, Inc. as signatory) (Signature block, Article 2.2)

Governing law

Oregon Non-Profit Corporation Law, ORS 100 (including 100.175, 100.210, 100.250, 100.260, 100.435, 100.450) (Articles 1.6, 3.15, 5.4, 5.8, 6.5)

Assessments & dues

Determined annually by board based on budget; not fixed in document (Article 5.1(a))

Special assessments

Capital improvements require 75% vote of owners present at a meeting with quorum; board may also establish separate assessments for capital improvements by resolution (Articles 3.6(j), 5.4(a))

Reserves & fees

Reasonable late charge established by board from time to time (Article 5.5)

Voting & meetings

One vote per property; declarant gets five votes per owned property until turnover meeting (Article 2.7)

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