Merlo Station Townhomes Owners Association

Key facts from Merlo Station Townhomes Owners Association's documents

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

Community type

Covenant / Planned Community

Legal name

Merlo Station Townhomes Owners Association

Developer / declarant

AMERICAN HOMES, INC.

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.783 (Recitals B and Section 1.2)

Assessments & dues

Set annually by Board; not specified in Declaration (Section 8.4)

Special assessments

For one-time expenditures; if exceeds 15% of budgeted gross expenses in a fiscal year, requires majority of voting rights voting and written consent of Class B member. Prior to turnover, requires 50% of Class A and Class B consent. (Section 8.5)

Voting & meetings

Two classes: Class A (1 vote per Lot for all Owners except Declarant), Class B (Declarant: 3 votes per Lot owned). Class B ends when 90% of Lots sold, or 7 years after first sale, or earlier at Declarant's election. (Section 6.3)

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