Meridian Village

Key facts from Meridian Village's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (submitted to Oregon Condominium Act) and also a Planned Community (Meridian Village) with HOA (Declaration: 'submitted to the condomini)

Governing law

Oregon Condominium Act (ORS 100) (Preamble: 'pursuant to the provisions of)

Assessments & dues

Common expenses allocated to Residential and Commercial Units based on relative square footage; Parking Units are excluded from common expenses. Working capital contribution equal to two months' assessment upon sale. (Article 8.1: 'common profits and common )

Special assessments

Board may impose Limited Assessment on a lot for costs of repair due to owner's act or omission (Annexation Sections 2.2.1, 2.2.3); not detailed for Condominium but likely allowed (Annexation Sections 2.2.1, 2.2.3)

Collections & liens

County (Washington County) may take curative action for maintenance defects; cost constitutes a lien against each unit based on share of common expenses (Article 11.3: 'cost of correction by the)

Reserves & fees

Not explicitly mentioned (Not found)

Use restrictions

Residential Units: residential purposes, or office/professional/studio uses; Commercial Units: retail/commercial/professional; Parking Units: parking only (Article 10.1, 10.2, 10.3)

Voting & meetings

Voting rights allocated to Residential and Commercial Unit owners according to relative square footage; Declarant has quintuple (5x) voting rights until 75% of units sold or 7 years after first unit conveyance; Parking Units have no vote (Article 8.2)

Amendments

Proposed by majority of board or 30% of voting rights; approved by 75% of voting rights (excluding Declarant's weighted vote) and by Declarant until last stage annexed and Declarant owns >=25% of units, but not after 10 years from first non (Article 16 (16.1, 16.2); Article 13.2)

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