Cook Village Homeowners Association

Key facts from Cook Village Homeowners Association's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class 1 planned community under ORS 94.550 (Recitals, page 3: 'develop the Property )

Legal name

Cook Village Homeowners Association

Developer / declarant

Wellner Morey — Forest Grove 1, LLC

Assessments & dues

Board prepares and approves annual budget; annual assessments levied equally on all sold Lots; fiscal year ends June 30; monthly installments unless otherwise specified (Article 8.4, page 19)

Special assessments

Board may levy special assessment for deficit (majority vote), breach (majority vote), repairs (majority vote), capital additions (75% vote of all Lots) (Article 8.6, page 21-22)

Collections & liens

Association may file lien for delinquent assessments; lien superior to all except property taxes and first mortgage/mortgage of record; foreclosure under ORS Chapter 88 (Article 8.8(b), page 23-24)

Reserves & fees

Required reserve fund for replacement of common elements with life 3-30 years; annual reserve study and maintenance plan; reserve fund assessments from first conveyance; Board may borrow from reserve fund with repayment plan (Article 8.5, pages 20-21)

Voting & meetings

Each Owner has one vote per Lot; proxy allowed (Article 10.6 requires '75% of the total )

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