Whale Pointe

Key facts from Whale Pointe's documents

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

Legal name

Worldmark, The Club (also referred to as 'Club' or 'Association') (Section 1.11)

Developer / declarant

Trendwest Resorts, Inc., an Oregon corporation (Opening paragraph and Section 1.15)

Assessments & dues

Determined by Club (Board) as described in Bylaws; no specific formula given in this Declaration. (Section 3.5 (assessment power described )

Special assessments

Allowed; for destruction repair, etc. Subject to limitations in Bylaws and additional Member approval if insurance proceeds insufficient (See 5.4). (Sections 3.5, 5.4(b)-(c))

Collections & liens

Each assessment and late charges become a lien on the Membership from date of assessment until paid. Club has power of sale (nonjudicial under UCC Article 9) and can foreclose. Foreclosure allowed for unpaid general assessments, late charge (Sections 4.3, 4.4, 4.5)

Reserves & fees

Late charges are included in the obligation to pay assessments (Section 4.2). Specific amount not stated. (Section 4.2)

Pets

Zero (Section 2.1)

Leasing & rentals

A Member may charge a fee or rent for use of a Unit during their Vacation Credit Uses by a guest or invitee. (Section 2.15)

Parking & vehicles

Parking spaces shall not be used for permanent parking or storage of boats, trailers or non-mobile vehicles. (Section 6.4)

Maintenance

Presumably Club (as part of Improvement maintenance). (Section 5.6 (Property maintained by Club)

Insurance

Club shall maintain liability, fire, damage, theft and other risks customarily insured against in similar projects. (Section 2.8 (implied duty not to increas)

Use restrictions

Yes. No Unit shall be held for other than residential purposes and occupancy. (Section 2.16)

Voting & meetings

Members have voting power as described in Bylaws; aggregate votes of Members. Declarant's voting power based on unsold/reacquired Vacation Credits divided by average Credits per Membership. (Sections 1.33, 3.2)

Amendments

By affirmative vote of majority of each class of Voting Power (if more than one class) or majority of Voting Power of Members other than Declarant plus majority of Total Voting Power. Board may amend in certain limited circumstances. Amendm (Section 9.1)

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