Second Street Townhomes Owners Association

Key facts from Second Street Townhomes Owners Association's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Second Street Townhomes Owners Association) (Art. 1.3, Art. 6.1)

Governing law

Oregon Planned Community Act, ORS 94.550-94.783 (Preamble, page 1)

Assessments & dues

Initial annual assessment determined by Declarant; thereafter set by Board when budget approved. Not a fixed dollar amount. (Art. 9.4, 9.3)

Special assessments

Permitted: (1) correct deficit – majority of Board; (2) special obligation of an Owner – majority Board; (3) repairs to Commonly Maintained Property if insufficient funds – majority Board; (4) capital improvements – 80% vote of all Lot vote (Art. 9.5)

Collections & liens

Association has lien on each Lot for delinquent assessments; lien superior to all except property taxes, first mortgages/trust deeds recorded before notice. Foreclosure under ORS Chapter 88. (Art. 9.7.2)

Reserves & fees

Required; separate Reserve Account; annual reserve study; funded from assessments; may be borrowed from for seasonal needs; 80% vote after second year post‑Turnover may increase/reduce. (Art. 9.6, 9.6.2, 9.6.2.1, 9.6.2.3)

Pets

Reasonable number of household pets; not kept for commercial purposes; must be controlled so as not to be a nuisance. (Art. 4.5)

Leasing & rentals

Yes, with conditions: written lease, tenant subject to Declaration/Bylaws/Rules, Owner provides copy, Owner notifies Board, delivers certificate of compliance, provides tenant names/phone numbers. (Art. 4.4)

Fences

Fencing around outdoor patios is part of Commonly Maintained Property (Art. 1.6). Any fencing requiring ARC approval if it is an improvement (Art. 5.1). No specific fence height or material stated. (Art. 1.6, 5.1)

Architectural approval

Yes, for any improvement, change of exterior appearance, landscaping modification, antennas, etc. (Art. 5.1, 4.2, 4.12, 4.18)

Home business

Prohibited except with Board consent (only if normal residential activities observable, no significant parking/traffic, no violation of local ordinances). (Art. 4.1)

Signs & flags

Only one "For Sale" or "For Rent" sign per Lot (max 24"x36") by Owner or licensed agent; temporary political signs allowed; must be removed within 3 days after election/sale/rental. Declarant’s signs excepted until final lot sold. (Art. 4.9)

Insurance

Association shall provide property and liability insurance; no details on limits. (Art. 9.1)

Use restrictions

Lots shall be used for residential purposes only. (Art. 4.1)

Voting & meetings

Two classes: Class A (one vote per Lot for non‑Declarant owners); Class B (Declarant, three votes per Lot until 80% sold or Declarant elects termination). After termination, one vote per Lot for all. (Art. 6.4, Bylaws Art. 3.2)

Amendments

Amendment requires approval of not less than 80% of total votes of each class of members eligible to vote; must be executed, recorded. Declarant may amend unilaterally to comply with government agency requirements (until Turnover Meeting). (Art. 10.6, 10.8)

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