King City Garden Villas Service Assn

Key facts from King City Garden Villas Service Assn's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

King City Garden Villas Service Association

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.783 (2013 amendment Recital B)

Assessments & dues

Board of Directors determines total amount of Regular, Reserve, and Special Assessments and may adjust from time to time; allocation among units based on unit type percentages (Art. 5.2, 5.3, 5.4, 5.7)

Special assessments

Board may establish Special Assessments for unexpectedly large, unanticipated, or other expenses; allocation may be same as Regular/Reserve or any reasonable manner (Art. 5.4)

Collections & liens

Unpaid assessments, interest, late fees, attorneys’ fees, and costs constitute a lien on the Residential Unit; Service Association may file lien and foreclose under ORS Chapter 88; lien subordinate to mortgages; foreclosure suit must be fil (Art. 5.6, 5.11)

Reserves & fees

Reserve Assessments collected monthly; used to pay expenses for exterior maintenance of common elements and insurance; amount determined by Board; allocation per unit type percentages (Art. 5.3)

Insurance

As amended: Damage not resulting from negligence – entire deductible assessed to affected Owner (proportionally if multiple owners). Damage resulting from negligence – deductible assessed to negligent party(ies). (2013 amendment, new Art. 7.7)

Voting & meetings

One vote per Residential Unit; joint owners determine but only one vote cast per unit (Art. 4)

Amendments

Two methods: (1) Five Directors approve motion, majority of Members present at regular meeting approve; (2) Twenty-five Members sign petition, presented at regular meeting, 2/3 of Members present approve. Special meeting may be called by Pr (Art. 12.1)

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