Westmark

Key facts from Westmark's documents

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

Community type

Industrial park subdivision (Purpose of Covenants: "insure that the P)

Developer / declarant

TSE Investments, LLC. Weaton Holding Co., L.L.C.

Governing law

Oregon Nonprofit Corporation Act (Bylaws Article 1.3, 1.6)

Assessments & dues

Amount determined by Board of Directors based on current maintenance costs and future needs (Section 6.2(a) of Declaration; Bylaws Ar)

Special assessments

Association may levy special assessment in any calendar year for defraying cost of maintaining areas (Section 6.2(b) of Declaration)

Collections & liens

Delinquent assessment becomes lien after 30 days billing and 15 days notice to Owner; lien junior to first mortgage; foreclosure available (Section 6.4 of Declaration)

Reserves & fees

Association shall maintain replacement reserves (Bylaws Article 5.4)

Parking & vehicles

Prohibited (Section 3.5 "No parking shall be permitt)

Signs & flags

Permitted only for identification; maximum one sign per entrance drive and one side-wall sign; building sign not larger than 5% of face nor 80 sq ft; entrance signs uniform, max 24 sq ft, top 6 ft; illuminated allowed; must conform to Sign (Section 3.16)

Use restrictions

Nuisance defined to include violations of environmental laws, discharges of harmful substances, fumes, glare, noise exceeding decibel limits, visible emissions exceeding Ringlemann No.1, vibration, discharge to water bodies, hazardous waste (Section 5.2)

Voting & meetings

Each Owner has vote based on ratio of acreage of Parcel to total square footage of all individual parcels (public roads excluded) (Bylaws Section 2.5)

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