Mill Woods Townhomes Owners Association

Key facts from Mill Woods Townhomes Owners Association's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

townhome project (Recitals B, Page 6)

Legal name

Mill Woods Townhomes Owners Association

Developer / declarant

Mill Creek Homes, Inc.

Governing law

Oregon Planned Community Act (Section 6.4(c))

Assessments & dues

Board adopts annual operating budget, apportions equally among all Lots (except Declarant's Lots until occupied). (Sections 8.3, 8.4)

Special assessments

Special Assessments allowed for capital improvements, unexpected repairs; if aggregate exceeds 15% of budgeted gross expenses, must be approved by majority of voting rights plus Class B consent. (Section 8.5)

Collections & liens

Association has a lien for unpaid assessments, fines, charges; foreclosable under ORS Chapter 88. (Section 9.3)

Reserves & fees

Late charge may be levied for each delinquent assessment, not to exceed 30% of such assessment. (Section 9.6)

Voting & meetings

Class A: one vote per Lot owned by Owners; Class B: Declarant gets three votes per Lot owned. Class B membership ceases upon (a) all Lots sold to non-Declarant, (b) 5 years after first Lot sale, or (c) earlier election by Declarant. (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.