Association of Unit Owners of Cottages at Colony Oaks Homeowners Association

Key facts from Association of Unit Owners of Cottages at Colony Oaks Homeowners Association's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Condominium throughout document)

Legal name

Association of Unit Owners of Cottages at Colony Oaks Homeowners Association

Units / lots

51 (maximum) with 1 in Stage 1 (Article 4.2 (Stage 1 consists of one Uni)

Developer / declarant

Kilby and Sonnen Project, LLC (Article 1.5 Declarant)

Governing law

Oregon Condominium Act (ORS 100.005 to 100.625) (committed to the operation of the Oregon)

Assessments & dues

According to allocation of undivided interest in common elements (Article 8.1)

Collections & liens

City of Eugene may impose lien on Units for cost of corrective maintenance (Article 11.3)

Reserves & fees

Reduction in reserves is a material change (Article 13.2(b)(3))

Maintenance

Association (Article 11.1)

Use restrictions

Yes (Article 10)

Voting & meetings

One vote per Unit (Article 8.2 and 14.5)

Amendments

Proposed by majority of Board or 30% of owners; approved by 75% of voting rights; Declarant consent while owns 25% of units (max 5 years after first conveyance); mortgagee approval required for material changes (Article 16)

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