Summerville Square Townhouse Association

Key facts from Summerville Square Townhouse Association's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhouse Association (Subassociation governed by Four Seasons Master Association) (Recital C: 'The seven Lots within Summer)

Legal name

Summerville Square Townhouse Association

Governing law

ORS 94.550 to 94.783 (Planned Community Act), ORS 94.665 (power to sell common area), ORS 93.270 (referenced in amendment) (Section 6.8 (ORS 94.665), Recital C and )

Assessments & dues

President adopts annual assessments after distributing proposed budget and holding annual meeting. Assessments equally apportioned among Lots. (Sections 8.3 and 8.3.1)

Special assessments

President may levy special assessments for deficit, owner's breach, or repairs/renovations after 30-day notice and meeting. Capital improvements require 5 out of 7 votes. (Section 8.4)

Collections & liens

Association has lien for all unpaid assessments; lien records as notice; may foreclose; priority as per Planned Community Act. (Section 8.6.2)

Reserves & fees

Budget shall provide for reserve or contingency funds as deemed necessary. (Section 8.3.1: '...shall provide for suc)

Voting & meetings

Each Owner has one vote per Lot; total 7 votes. Only Owners not in arrears on assessments may vote. (Section 7.3: 'Each Owner who is not in a)

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