Takota Hill

Key facts from Takota Hill's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Takota Hill

Governing law

Oregon Revised Statutes (ORS) Chapters 87, 88, 97.352-97.382 (Article VII, Sections 6.b, 6.e)

Assessments & dues

Determined by Annual Operating Budget approved by majority membership vote (Article VII, Section 1)

Special assessments

May be levied for capital improvements with assent of 2/3 of votes cast in person or by proxy at a meeting called on 30 days written notice. (Article VII, Sections 3-4)

Collections & liens

Lien recorded within 90 days of delinquency; foreclosure after one year of nonpayment; lien subordinated to first mortgages; must be paid to extinguish upon foreclosure sale. (Article VII, Sections 6.A, 6.B, 6.E, 7)

Reserves & fees

Interest-bearing money market account required; funded by assessments; annual budget for additions/subtractions approved by majority vote. (Article VII, Section 5 (Reserve Account))

Pets

Domestic dogs, neutered cats, caged pet birds allowed; no other animals or fowls. (Article IV, Section 5.A)

Home business

Home office allowed; consulting/telecommuting not prohibited; no retail sales or commercial activity without Board approval. (Article IV, Section 4.A; Article IV, Sec)

Signs & flags

One ID sign ≤0.5 sq ft; one For Sale sign ≤4 sq ft; builder's signs during construction/initial sale period. (Article IV, Section 5.I)

Voting & meetings

Class A (each Owner): 1 vote per Lot owned; Class B (Declarant): 4 votes per Lot owned (Article III, Section 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.