Lindsay Lane Homeowners Association, Inc.

Key facts from Lindsay Lane Homeowners Association, Inc.'s documents

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

Community type

Planned Community (Class II) under Oregon Planned Communities Act (Section 3)

Legal name

Lindsay Lane Homeowners Association, Inc.

Developer / declarant

Willamette West Habitat for Humanity, Inc., an Oregon corporation (Preamble and Section 1.6)

Governing law

Oregon Planned Communities Act, ORS 94.550 et seq. (Section 1.1)

Assessments & dues

Initially estimated $18.00 per month per unit ($216/year) based on projected budget; actual set by Board (Reserve Study and Projected Monthly Asse)

Special assessments

Allowed for capital improvements (Bylaws Article VII Section 6) (Bylaws Article VII Section 6)

Collections & liens

Association has a lien on the Lot for unpaid assessments, including late fees, interest, costs, and attorney fees; right to foreclose (Section 8.3; Bylaws Article VII Section )

Reserves & fees

Reserve account required; funded by assessments; reserve study attached as Exhibit 2 identifying items with life cycles (Reserve Study (Page 23-24))

Leasing & rentals

Prohibited (Section 9.2)

Parking & vehicles

Prohibited (Section 7.5)

Maintenance

Association maintains general common area; cost of repair/maintenance of common elements in townhouses borne by owners of dwellings therein; damage caused by owner's negligence repaired by Association at owner's cost (Section 7.2)

Use restrictions

Each Lot and its dwelling to be used for residential purposes as described in Bylaws (Section 9.1)

Voting & meetings

One vote per Lot; each Lot votes as a single vote; no fractional votes; Association-owned Lots do not vote (Section 8.4)

Amendments

Proposed by majority of Board or 30% of owners; requires approval of 75% of voting rights and Declarant consent until control period ends; material amendments also require approval of 51% of Eligible Holders; effective upon recordation (Sections 12.5, 13.1, 13.2, 13.3)

Amenities

Playground with jungle gym; basketball area (less than half court); grass common areas (Section 4.4)

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