Oak Brook Owners Association

Key facts from Oak Brook Owners Association's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (PUD) (Recital)

Governing law

ORS 94.550 to 94.783 (Recital)

Assessments & dues

Based on annual budget approved by Board of Directors; Administrator imposes prorata assessment on each unit owner (Section 7.02)

Special assessments

Special purpose assessment requires approval by 60% of votes cast by written ballot (Section 7.03)

Collections & liens

Administrator may file lien; lien subordinate to prior recorded mortgages; foreclosure within 3 years per Oregon law (Section 7.05B)

Reserves & fees

Separate interest-bearing reserve account for items requiring replacement in more than 3 and less than 30 years (Section 7.08)

Pets

Yes (Section 2.04)

Home business

Lawful occupation as accessory use allowed if no retail sales, no full-time employees except family, external appearance unaffected, no unreasonable problems (Section 2.10D)

Use restrictions

All lots shall be used for residential purposes (Section 2.10D)

Voting & meetings

Each unit owner one vote per unit; lot owners two votes per household (for board elections) (Sections 9.02, 9.03)

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