Olivia Woods Homeowners Association

Key facts from Olivia Woods Homeowners Association's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Section 2: submitted to the Oregon Plann)

Legal name

Association of the Homeowner's of Olivia Woods

Developer / declarant

Pacific Land Development, Inc.

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.785 (Recitals and Section 2)

Assessments & dues

Board prepares annual budget estimating Common Expenses and assesses equally to each Lot owner (Bylaws Section 5.1)

Special assessments

Board may establish separate assessments for capital improvements by resolution; if cost exceeds $2,500, requires 75% vote of voting rights present at a meeting with quorum. Declarant consent required while Declarant owns >55% of lots. (Bylaws Section 5.4 and Section 3.7(j))

Collections & liens

Board may foreclose lien on Lot for unpaid common expenses; can also obtain rental during pendency and appoint receiver; money judgment also available. Lien subordinate to first mortgages. (Bylaws Sections 5.6, 5.7, 5.9)

Reserves & fees

Reserve account established for replacement of Common Property (items with life 3-30 years); funded by assessments; after second year post-turnover, may be reduced/eliminated by 75% vote (Bylaws Section 5.5)

Pets

Yes, domestic dogs, cats, or other household pets kept within a Lot (Bylaws Section 7.5(e))

Leasing & rentals

Yes, with consent of Board of Directors; entire Lot only, not for transient purposes (Bylaws Section 7.5(h))

Home business

Commercial activities prohibited without consent; exceptions for personal business records, telephone calls, professional conferences with clients (Bylaws Section 7.5(b))

Use restrictions

Each Lot and Residence is to be used for residential purposes (Declaration Section 6)

Voting & meetings

Each Lot owner (Lots 2-14) has one vote per Lot (Section 5.2 and Bylaws Section 2.7)

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