Daisy Creek Village Homeowners' Association, Inc.

Key facts from Daisy Creek Village Homeowners' Association, Inc.'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

DAISY CREEK VILLAGE HOMEOWNERS' ASSOCIATION, INC.

Units / lots

22 residential lots (Phase 1); up to 58 lots planned (Declaration Article 2 Section 3 (page25))

Developer / declarant

DAISY CREEK VILLAGE, LLC, an Oregon Limited Liability Company (Bylaws p.20 (signature); Declaration p.1)

Governing law

Oregon Planned Community Act, ORS 94.550 through ORS 94.783 (Bylaws Article 1.2; Declaration Article )

Special assessments

May be levied by Board majority for operating deficit (5.5.1), for breach of obligations (5.5.2), for repairs/renovations (5.5.3); for capital acquisitions/additions/improvements requires 75% of all votes allocated to Lots (5.5.4) (Bylaws Article 5.5)

Reserves & fees

Not to exceed 10% of monthly assessment if not paid within 10 days from due date (Bylaws Article 5.7)

Voting & meetings

Class A: one vote per Lot (non-Declarant Owners). Class B: three votes per Lot (Declarant) until Termination Date (earlier of 5 years from recording or 75% lots conveyed). After Termination, one vote per Lot. (Bylaws Article 2.2.1 and 2.2.2)

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