Starfish Point Condominiums

Key facts from Starfish Point Condominiums's documents

Community type

Covenant / Planned Community

Legal name

Starfish Point Condominiums

Units / lots

16 dwellings planned (Recital B)

Developer / declarant

Starfish Cove Land Co., Inc. (Preamble)

Governing law

Oregon Timeshare Act ORS 94.803 through 94.945 (Recitals of amendment)

Assessments & dues

$197.70 per time share unit for FY 1982-1983 (including reserves) (Exhibit B)

Special assessments

Board may levy up to 10% of basic assessment without membership vote; above 10% requires majority vote (Section 5.5)

Collections & liens

Lien with power of sale for unpaid assessments; foreclosure allowed; lien subordinate to trust deeds (Section 6.2(b) and 6.3)

Reserves & fees

Excess funds and reserve account maintained; budget includes reserves for repairs and replacements (Section 5.3, Section 7.3, Exhibit B)

Maintenance

Association responsible for repair and maintenance of property except interiors during owner’s use; owner responsible for unit during use period (Section 4.2(a), Section 2.2)

Use restrictions

Every violation declared a nuisance and may be enjoined (Section 8.7)

Amendments

By declarant until May 1, 1982; thereafter by two-thirds vote of membership (Section 8.1)

Amenities

Swimming pool and recreation building mentioned in budget (Exhibit B)

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