Quail Point Estates Homeowners Association

Key facts from Quail Point Estates Homeowners Association's documents

Community type

Homeowners Association

Legal name

Quail Point Estates Home Owners Association, Inc.

Developer / declarant

OR-CAL Land Development, LLC (Article 15 Adoption (2005))

Governing law

Oregon Planned Community Act, ORS 94.550 et seq. (Article 1.5 (2005), Article 1.1 (2013))

Assessments & dues

Board determines assessments; payable periodically not more frequently than monthly. Initial assessment set by Declarant. Annual assessment subject to review and modification by Board. (Article 6.1, 6.3 (2005), Article 5.1 (20)

Reserves & fees

Board shall establish and maintain replacement reserve accounts for Common Area improvements and Commonly Maintained Property. Reserve funds must be kept in safe depository, invested only in U.S. government guaranteed obligations. (Article 4.3.2, 6.2 (2005), Article 3.3.2)

Insurance

Property insurance: fire, extended coverage, vandalism, malicious mischief, full insurable replacement value of Common Area improvements. Liability insurance: minimum $1 million per occurrence for bodily injury and property damage. Workers' (Article 8.2 (2005), Article 7.2 (2013))

Voting & meetings

Class A Members (all Owners other than Declarant): 1 vote per Lot. Class B Member (Declarant): 3 votes per Lot owned until Termination Date. After Termination Date, all Owners have 1 vote per Lot. (2005) / All Members have 1 vote per Lot (2 (Article 2.2 (2005), Article 2.2 (2013))

Amendments

Amendments require approval by at least a majority of total votes of each class of Members eligible to vote. No amendment may affect Declarant's rights without Declarant's prior written consent (2005). / Amendment by instrument approved by (Article 9 (2005), Article 8 (2013))

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