Parkside Condominium Association, Inc

Key facts from Parkside Condominium Association, Inc's documents

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

Community type

Condominium (Title; Recitals)

Legal name

Mountain Meadows Parkside Condominium Association (Section 1.1.2, page 2)

Units / lots

Maximum 92 units (87 residential + 5 commercial). Stage 1: 12 units; Stage 2: 26 units; Stage 3: 9 units; total across all stages built to date: 47 (from Stage 3). (Section 3.1, Section 4.1 (Stage 1), Stag)

Developer / declarant

Mountain Meadows L.L.C. (First page of Declaration, page 6)

Governing law

Oregon Condominium Act (ORS 100.005 to 100.990) (Section 1.1.1, page 2)

Age restriction

Units are for residential use by senior citizens as described in MMOA Declaration (Section 7.1)

Assessments & dues

Association determines amounts necessary for performance of powers and duties; allocates common expenses according to each Owner's percentage interest in Common Elements (Section 16.2(a); Section 11.1)

Special assessments

Association may impose special assessments (not explicitly limited; general power in Section 16.2(b)) (Section 16.2(b))

Reserves & fees

Association to establish one or more reserve funds for maintenance, repair, replacement of Common Elements. (Section 16.2(f))

Parking & vehicles

One parking space per unit provided in drive-through garage on first floor. Association assigns spaces and may change assignments. Conflicts handled per Section 15.9. (Section 4.1)

Signs & flags

Commercial unit owners may install signs on Common Elements exterior for advertising, subject to City of Ashland Sign Code (Section 7.2)

Maintenance

Roofs are Common Elements (part of additional Common Elements annexed at each stage) (Section 3.3)

Insurance

Association shall obtain insurance policies as Board deems appropriate for protection of Association, Common Elements and improvements (Section 16.2(h))

Use restrictions

Units intended for residential use by senior citizens; commercial units allowed in future stages (Section 7.1, page 10)

Voting & meetings

Each residential unit one vote; each commercial unit one vote. Total votes: 92 if all units built (87 residential, 5 commercial). (Section 11.2)

Amendments

Amendments require approval of at least 75% of unit owners, except changes to size, interest, etc. require affected unit and mortgagee approval. While Declarant owns two or more units, no amendment may impair Declarant's rights without cons (Section 17.1)

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