Pine Street Commons Homeowners Association, Inc.

Key facts from Pine Street Commons Homeowners Association, Inc.'s documents

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

Community type

Planned community (PUD) under Oregon Planned Community Act (Section 8.6(b): powers and obligations o)

Legal name

Pine Street Commons Homeowners Association, Inc.

Units / lots

Maximum 275 Living Units (Section 2.2: The maximum number of Livin)

Developer / declarant

PMR Devco, L.L.C.

Governing law

Oregon Planned Community Act (ORS 94) and Oregon Nonprofit Corporation Act (Section 8.6(b) and 8.1)

Assessments & dues

Board prepares annual operating budget; assessment per Living Unit/Lot equals annual budget divided by total number of Living Units and unbuilt Lots; Assisted Living Facility and Athletic Center prorated based on impact (Sections 10.1 and 10.2)

Special assessments

Capital Improvement Assessment (for purchase/construction/ acquisition of capital improvements) and Special Assessment for Enforcement Expenditures (to collateralize Letter of Credit for legal enforcement) (Sections 10.3 and 10.5)

Collections & liens

Assessment lien attaches to Lot/Living Unit; may be foreclosed under ORS Chapter 88; Association may bid at sale. Lien subordinate to first mortgages. Full assessment lien from date first installment due. (Sections 11.3(b) and 11.5)

Reserves & fees

Common Property Reserve Account; funded by Reserve Account Assessments; used for replacement of items with life >3 and <30 years. After turnover, Association may borrow from reserve for temporary expenses, repayable within 6 months. (Section 10.4)

Pets

Yes, household pets and domestic animals not used for commercial purposes (Section 6.15: No animals shall be kept..)

Leasing & rentals

Yes, each Owner may rent the Living Unit to a maximum of six people according to Rules and Regulations when not in occupancy (Section 6.1)

Parking & vehicles

Not prohibited but motor vehicles only on surfaced roadways; streets anticipated to be public (Sections 6.17 and 9.3)

Fences

Not specifically described but require ARC approval (Section 7.1: No improvement... until app)

Architectural approval

Yes, for all improvements, alterations, construction, exterior changes (including landscaping, color change, excavation, etc.) (Section 7.1, 7.4(c))

Home business

Prohibited (no commercial activity shall be carried on) (Section 6.5: No offensive or commercial )

Setbacks / home size

Building area established on each Lot as detailed in P.U.D. Master Plan (Section 7.1: conform with building area )

Use restrictions

Yes, private residence for Owner, family, guests; rental allowed to max 6 people when Owner not in occupancy; certain Lots may have other uses per Exhibit C (Section 6.1)

Voting & meetings

Class A: one vote per Living Unit or unimproved Lot; Class B (Declarant): nine times the voting rights of Class A per unit/lot owned, until 75% of lots sold or Declarant elects to terminate (Section 8.5)

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