Trailside Owners Association, Inc.

Key facts from Trailside Owners Association, Inc.'s documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision

Legal name

Trailside Owners Association, Inc. (Section 1.3)

Developer / declarant

Herbert J. Hoffart (Page 4: "by HERBERT J. HOFFART")

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.783 (Recitals A)

Assessments & dues

Not fixed; Board sets annual assessment in budget; equal share per lot (Sections 9.2(a), 9.3)

Special assessments

Permitted; for capital improvements exceeding 20% of budgeted gross expenses must be approved by majority of voting rights and Class B consent; pre‑turnover need 50% Class A and Class B consent (Section 9.2(b))

Collections & liens

Assessments create a lien on each Lot; Owners covenant to pay (Section 9.7)

Reserves & fees

Required; Declarant conducts initial reserve study; Board annually updates; funded through annual assessments; used for items with 3–30 year useful life; may be reduced after second year after turnover by 75% vote (Section 9.5)

Pets

Dogs, cats, common household pets allowed; not for commercial purposes; not a nuisance (Section 6.13)

Use restrictions

All Lots and Living Units for residential purposes only; no retail or industrial use; home business allowed if no external evidence and not violating ordinances (Section 6.2)

Voting & meetings

Each Lot one vote; Class B (Declarant) ten votes per lot owned until conversion (Section 7.3(a) and (b))

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