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HomeMy WebLinkAbout2007-013 Declaration - Condo Ownership of Jackson County Official Records 2007 -003422 R-DR Cnt=1 Stn=1 AVGERICr-P1I19/2007 03:05:37 PM $335.00 $5.00 $11.00 Total:$351.00 11111111111111111111 II 01241867200700034220670679 Ct~r~' ~jr:;:: ~(~l ~7: ~:: .';~~<>;F r:~IPY ',' ,-.- .,! "J:". ~ 1.. ~ " ~ .'. DECLARATION CONDOMINIUM OWNERSHIP I, Kathleen S. Beckett, County Clerk for Jackson County, Orogon, certify that the Inslrumenlldenllfled herein was recorded In lhe Clerk records. Kathleen S. Beckett - County Clerk for McCALL DRIVE CONDOMINIUM MADE PURSUANT TO THE OREGON CONDOMINIUM ACT THIS DECLARATION, to be effective upon its recording in Jackson County, Oregon, pursuant to the provisions of the Oregon Condominium Act, is made and executed this "1-"2- day of lJf(.f:M ~fm06, by Barclay Square Condominium, LLC, an Oregon limited liability company (hereinafter "Declarant"). RECITALS: Declarant owns real property located in the City of Ashland, Jackson County, Oregon, more particularly described on Exhibit A attached hereto (the "Property"). Declarant owns and has improved the Property with eight (8) buildings containing thirty-two (32) residential dwelling units. Declarant desires to subject the Property and the Building defined below to this Declaration and by this Declaration to create a fee title Condominium to be known as the McCall Drive Condominium on the Property as the means to permit separate ownership and use of each of such dwelling units. 1. DEFINITIONS AND INTERPRETATION 1.1 Definitions. The following definitions apply in all Condominium Documents unless the context requires otherwise: 1.1.1 "Act" means the Oregon Condominium Act, currently contained m ORS Chapter 100, as amended from time to time. 1.1.2 "Association" means the nonprofit mutual benefit corporation responsible for the operation of the Condominium created concurrently with the recording of this Declaration and known as McCALL DRIVE CONDOMINIUM Owners Association. 1.1.3 "Board" means the Board of Directors ofthe Association. 1.1.4 "Bylaws" means the Bylaws of the Association, as amended from time to time, a copy of which is attached hereto as Exhibit B. 1.1.5 "Common Elements" means all those portions of the Condominium exclusive of the Units" PAGE I - McCALL ORNE CONDOMINIUM DECLARATION POX 1358696v8 0064410-000002 1.1.6 "Common Expenses" means all costs and expenses incurred by the Association with respect to the use, operation, maintenance, repair, and improvement of the Common Elements. 1.1.7 "Condemnation" means any taking of any interest in the Condominium by right of eminent domain or any purchase of any such interest in lieu of such taking. 1.1.8 "Condominium" means the Property thatls subjected to Condominium ownership by this Declaration, all improvements constructed thereon, and all easements and rights appurtenant thereto. 1.1.9 "Condominium Documents" means this Declaration, the Articles of Incorporation of the McCALL DRNE CONDOMINIUM Owners Association, its Bylaws, its Rules and Regulations, and any Exhibits to any of them. 1.1.10 "Declarant" means the original Declarant specified above and any successors and assigns specified as a successor Declarant in a wlltten agreement between such parties. 1.1.11 "Declaration" means this Condominium Declaration and any amendments to it and any supplemental declarations annexing additional stages to the Condominium. 1.1.12 "General Common Elements" means all Common Elements other than the Limited Common Elements, as more particularly described in Section 5 below. 1.1.13 "Legal Requirements" means all applicable statues, rules, regulations, codes and other such requirements. 1.1.14 "Limited Common Elements" means all the Common Elements other than the General Common Elements, as more particularly described in Section 6 below. 1.1.15 "Mortgage" includes a mortgage, trust deed and recorded contract for the sale of real estate. 1.1.16 "Mortgagee" includes a mortgagee, trust deed beneficiary, a vendor under contract for the sale ofreal estate, and any insurer or guarantor of any mortgage or trust deed. 1.1.17 "Owner" means the record owner of fee simple interest in a Unit, unless there is a holder of a vendee's interest in a Unit under a recorded contract of sale or a holder of a life estate or a leasehold estate in a Unit for a term exceeding twenty (20) years, in which event the vendee or lessee, as the case may be, shall be considered the Owner. If there is more than one such vendee's or lessee's interest at any given time, then the holder of the most recent interest shall be considered the current Owner. 1.1.18 "Person" means any individual, corporation, partnership, trust or other entity. PAGE 2 - McCALL DRJVE CONDOMINIUM DECLARATION POX 1358696v8 0064410-000002 ~- 1.1.19 "Plat" means the Plat for the Condominium which is being recorded in the records of Jackson County, Oregon, concurrently with this Declaration and any revisions of such Plat subsequently recorded. 1.1.20 "Rules and Regulations" means the rules and regulations adopted by the Board for the Condominium as the same may, from time to time, be amended. 1.1.21 "Unit" means that part of the Condominium designated in Section 4 herein and as shown on the Plat as such and comprises the space and improvements enclosed by its boundaries as described in Section 4 and shown on the Plat and, as the context requires, the accompanying fractional interest in the Common Elements. 1.2 Liberal Construction. The provisions of this Declaration must be liberally construed to effectuate its purpose of creating a uniform plan for the development and operation of this Condominium Association under the provisions of Oregon law. The terms used herein are intended to have the same meaning given in the Act unless the context clearly requires otherwise or to so define the terms would produce an illegal or improper result. 1.3 Original Owner of Units. Declarant is the original Owner of all Units and will continue to be deemed the Owner thereof except as conveyances or documents verifying the ownership of specifically described Units are filed of record. 1.4 Captions and Exhibits. The captions and headings of sections herein are for convenience only and are not intended to modify or affect the meaning of any of the substantive provisions hereof. The various exhibits referred to herein and attached hereto shall be deemed incorporated herein by reference as though fully set forth where such reference is made. 1.5 Severability. Each provision of this Declaration and the Bylaws must be deemed independent and severable, and the validity or partial invalidity of any provision will not affect the validity or enforceability of the remaining part of that or any other provision of this Declaration or the Bylaws. 1.6 Duration. These covenants, conditions and restrictions nm with and bind, benefit and burden in perpetuity the Property, all Owners and occupants, and the lessees, invitees and guests of all Owners and occupants unless amended in accordance with this Declaration or terminated by the affirmative vote of 100% of those entitled to vote. PAGE 3 - McCALL DRIVE CONDOMINIUM DECLARATION PDX 1358696v8 0064410-000002 .3- 1.7 Notices. All notices under this Declaration must be in writing. Any such notice will be deemed effective on the earlier of the date of delivery or, if mailed, three (3) business days following the date of mailing, if addressed to the addressee at the address, if any, designated in the Association's records. It is the responsibility of the Owners to notify the Association of any change in address or change in ownership of the Units. The Association is not be responsible for independently verifying the accuracy of its record of Owners and their addresses. 1.8 Costs and Attorneys' Fees. In any proceeding arising because of an alleged default by an Owner in complying with the terms and provisions of this Declaration or the Rules and Regulations of the Association, including without limitation failure to pay assessments, the prevailing party will be entitled to recover its costs, including such reasonable attorneys' fees as may be determined by the trial court in any trial or by the appellate court in any appeal or review thereof. In addition, the Association shall be entitled to reasonable attorneys' fees associated with collection costs, regardless of whether a legal action is filed. 1.9 Nonwaiver. Any failure of the Association to enforce a covenant, condition or restriction contained in this Declaration is not a waiver of the Association's right to enforce that or any other covenant, condition or restriction contained in this Declaration. 1.10 Miscellaneous. All terms and words used in this Declaration, regardless of the number or gender in which they are used, will be deemed to include any other number and any other gender that the context may require. "And/or" when applied to two or more matters or things will be construed to apply to anyone or more or all thereof as the circumstances warrant at the time in question. "Herein," "hereof' and "hereunder," and words of similar import, must be construed to refer to this Declaration as a whole, and not to any particular Section, unless expressly so stated. The word "days" refers to calendar days unless specific reference is made to "business" days. 2. NAME. The name by which the portion of the Property hereby submitted is to be identified is the McCall Drive Condominium. 3. PROPERTY SUBMITTED AND DEVELOPMENT PLAN. The Declarant's fee simple interest in the Property and the improvement thereon are hereby submitted to the Act. Pursuant to ORS 100.150, Declarant proposes to develop the Condominium with the maximum number of Units, the additional Common Elements, minimum allocation of undivided interest in the Common Elements and election dates as follows: PAGE 4 - McCALL DRIVE CONDOMINIUM DECLARATION POX !358696v8 0064410-000002 l' III ...--- 3.1 Maximum Number of Units. Declarant is by this Declaration creating thirty-two (32) Units. 3.2 Allocation of Undivided Interest in Common Elements. Unit Owners are entitled to an undivided interest in the Common Elements equal to the percentage of the total square footage of all Units and assigned garage parking spaces in the Condominium, represented by the square footage of the Owner's Unit and assigned garage parking space. The following table shows the resulting percentage interest in the Common Elements for each of the thirty-two (32) Units. Square Footage of Each Unit Square Footage of Garage Space Total SF & % Interest Unit 2211: 625 SF G-2211: 242 SF 867 SF = 2.52% Unit 2212: 1005 SF G-2212: 261 SF 1266 SF = 3.73% Unit 2213: 625 SF G-2213: 242 SF 867 SF = 2.52% Unit 2214: 1005 SF G-2214: 261 SF 1266 SF = 3.73% Unit 2221: 625 SF G-222l: 242 SF 867 SF = 2.52% Unit 2222: 1005 SF G-2222: 261 SF 1266 SF = 3.73% Unit 2223: 625 SF G-2223: 242 SF 867 SF = 2.52% Unit 2224: 1005 SF G-2224: 261 SF 1266 SF = 3.73% Unit 2231: 625 SF G-2231: 242 SF 867 SF = 2.52% Unit 2232: 1005 SF G-2232: 261 SF 1266 SF = 3.73% Unit 2233: 625 SF G-2233: 242 SF 867 SF = 2.52% Unit 2234: 1005 SF G-2234: 261 SF 1266 SF = 3.73 Unit 2241: 625 SF G-2241: 242 SF 867 SF = 2.52% Unit 2242: 1005 SF G-2242: 261 SF 1266 SF = 3.73% Unit 2243: 625 SF G-2243: 242 SF 867 SF = 2.52% Unit 2244: 1005 SF G-2244: 261 SF 1266 SF = 3.73% Unit 2251: 625 SF G-2251: 242 SF 867 SF - 2.52% Unit 2252: 1005 SF G-2252: 261 SF 1266 SF = 3.73% Unit 2253: 625 SF G-2253: 242 SF 867 SF = 2.52% Unit 2254: 1005 SF G-2254: 261 SF 1266 SF = 3.73% Unit 2261: 625 SF G-226l: 242 SF 867 SF = 2.70% PAGE 5 - McCALL DRIVE CONDOMINIUM DECLARATION POX 1358696v8 0064410-000002 OJ' Unit 2262: 1005 SF G-2262: 261 SF 1266 SF = 3.71 % Unit 2263: 625 SF G-2263: 242 SF 867 SF = 2.52% Unit 2264: 1005 SF G-2264: 261 SF 1266 SF = 3.73% Unit 2271: 625 SF G-2271: 242 SF 867 SF = 2.52% Unit 2272: 1005 SF G-2272: 261 SF 1266 SF = 3.73%' Unit 2273: 625 SF G-2273: 242 SF 867 SF = 2.52% Unit 2274: 1005 SF G-2274: 261 SF 1266 SF = 3.73% Unit 2281: 625 SF G-2281: 242 SF 867 SF = 2.52% Unit 2282: 1005 SF G-2282: 261 SF 1266 SF = 3.73% Unit 2283: 625 SF G-2283: 242 SF 867 SF = 2.52% Unit 2284: 1005 SF G-2284: 261 SF 1266 SF = 3.73% Total: 34,128 SF = 100% Each Unit's interest in the Common Elements is inseparable from the Unit and any conveyance, encumbrance, judicial sale, or other transfer, voluntary or involuntary of an undivided interest in the Common Elements, is void unless the Unit to which that interest is allocated is also transferred. 4. DESCRIPTION AND BOUNDARIES OF UNITS The Condominium consists of thirty-two (32) Units in eight (8) two-story buildings. The location of each Unit is shown on the Plat and the street address of each Unit is as follows: 2211- 2284 McCall Drive, Ashland, Oregon. The Units have stem wall foundations and vinyl frame windows. The Units are wood framed with 30-year dimensional, composition shingle roofs with cedar lap siding. Each Unit has an individual heat pump for heating and cooling. There are no basements. The Units are bounded by the interior surfaces of its perimeter and load bearing walls up to the center point(s) of any party wall adjacent to any Unit, floors, ceilings, skylights, windows and window frames, doors and door frames, and trim as shown on the Plat. The Units include both the horizontal and vertical interior surfaces so described (including the sheet rock of the stud wall, top of floor joists, and bottom of ceiling joists) and the air space so encompassed. All lath, furring, wallboard, plaster-board, plaster, paneling, tiles, wallpaper, paint, finished flooring and any other materials constituting any part of the finished surfaces thereof shall be a part of any Unit. All other portions of the walls, floors or ceilings shall be a part of the General Common Elements. The table in Section 3.2 shows the approximate square footage of each Unit. The Units shall include all utility systems located within the Unit and any air conditioning equipment that services the Unit even if located outside of the walls that otherwise foml the Unit boundary. In the event of any conflict between the Plat and this Declaration, the latter controls. PAGE 6 - McCALL DRIVE CONDOMINIUM DECLARATION POX 1358696v8 00644\ 0-000002 {; ./ There are no basements, but the building contains approximately 1104 square feet of garage space. 5. GENERAL COMMON ELEMENTS 5.1 Description The General Common Elements consist of all improvemel1ts and land other than the Units and Limited Common Elements. The General Common Elements include, without limitation, the main access driveway, all sidewalks, any and all fences between the Buildings, the lawn areas which are not fenced (including any trees, plants and other landscaping), all surface parking spaces, the mailboxes and any shared utility lines serving all the Units for use of the Owners in accordance with the provisions of this Declaration. All other portions of the walls, floors or ceilings (including the roofs and party walls) which are not part of each individual Unit shall also be a part of the General Common Elements. 5.2 Use. Each Owner has the right to use the General Common Elements in common with all other Owners and a right of access from the Owner's Unit across the General Common Elements to the public streets. The right to use the General Common Elements extends not only to each Owner, but also to each Owner's agents, servants, tenants, family members, invitees, and licensees. The right to use the Common Elements is governed by the Act, this Declaration, the Bylaws, and the Rules and Regulations adopted by the Association. Any attempt to transfer voluntarily or involuntarily any ownership interest in any General Common Element separately from the transfer of the Unit to which such interest pertains is void. 5.3 No Alteration. The General Common Elements may not be altered, modified, improved, or developed without the prior written consent of the Board and the Board of the Master Association, which consents shall not be unreasonably withheld, conditioned or delayed. 6. LIMITED COMMON ELEMENTS The Limited Common Elements are those Common Elements designated as reserved for the use of a specific Unit or Units to the exclusion of all other Units. Each Unit entry way and entry stairs, deck, patio, concrete front porch, concrete rear patio, shall constitute a non- transferable Limited Common Element for the benefit of the adjacent Unit, as shown on the Plat, the use of which shall be reserved to the Owner of the adjacent Unit. Additionally, the garage parking spaces and driveway parking space in front of the garage are limited common elements reserved for the exclusive use ofthe Units as set f01ih in the table in Section 3.2 above. PAGE 7 - McCALL DRIVE CONDOMINIUM DECLARATION PDX !358696v8 00644\ 0-000002 1~ 7. DESCRIPTION OF UTILITIES All Units are separately metered for all utilities including water, sewer, electricity, telephone, and cable TV. Each Unit Owner shall individually arrange to be billed by the pertinent providers. There is no natural gas service to the project. The lawn areas share one common meter for common irrigation and for common electricity, the costs of which shall be allocated to each Unit in the monthly Association assessments. 8. OCCUPATION, USE AND TRANSFER The Condominium is intended solely for residential use. The Units may be used only in a manner appropriate to maintain the Condominium's status as a residential condominium on an ownership, rental, or lease basis, and for social, recreational, or other reasonable purposes normally incidental to residential use. Units may be used for accessory home businesses subject to Board approval of the business as compatible with the residential character of the Condominium, such approval to not be unreasonably withheld, conditioned or delayed. The Unit Owner must also satisfy any local governmental requirements for, or restrictions upon, an accessory home business use of their Unit. Units may be used for operating the Association and for management of the Condominium. Units may only be leased in accordance with and to the extent allowed by Section 7 of the Bylaws. Eight (8) of the Units in the Condominium will be subject to restrictions under the City of Ashland's Affordable Housing Program limiting ownership and the purchase price and rental payments on such Units pursuant to the terms of the agreement with the City of Ashland recorded in the Records of Jackson County, Oregon encumbering title to such Units. 9. MAINTENANCE 9.1 Common Elements The necessary work to maintain, repair or replace all the Common Elements shall be carried out by the Association, as provided for in the Bylaws. No Owner may alter the Common Elements without first obtaining the consent of the Association. All work will be specially assessed to the benefited units if the work pertains to less than all of the Units in the Condominium. For example if the roof of a single building needs repaired then the cost will be specially assessed only to the Unit Owners of the affected Building. Any such special assessment to the benefited units shall be as reasonably and uniformly detem1ined by the Association Board. 9.2 Individual Units Except as otherwise provided in the Bylaws, each Owner is responsible for all maintenance and repairs to their respective Unit. Each Owner must keep their Unit in good order, condition, and repair. PAGE 8 - McCALL DRIVE CONDOMINIUM DECLARATION POX !358696v8 00644 J 0-000002 ~/ 10. EASEMENTS 10.1 In General. Each Owner and the Association will have an easement for reasonable access and use of , in and through each other Unit and the Common Elements, for utility, wiring, heat, plumbing and other service elements, and for reasonable access required to effectuate and continue proper operation of the condominium. All Common Elements are specifically subject to the foregoing easement for access and use as required for the utility lines, meters, service boxes, and other equipment serving the Condominium or any Unit. The rights described in this Section may be exercised only upon reasonable notice to the Owner of the other Unit, at such time as is reasonably convenient to the other Owner and in a manner that minimizes any interference with the other Owner's use and enjoyment of their Unit. The specific mention or reservation of any easement for access and use in this Declaration does not limit or negate the general easement for Common Elements created by the Act. Each Unit Owner shall have an easement over the Common Elements for reasonable ingress to and egress from the Owner's Unit. Such easement shall be perpetual and appurtenant to the Unit ownership. 10.2 Rights Created by Association. The Association has the authority, pursuant to ORS 100.405(5) of the Act, to create, on behalf of the Unit Owners, leases, easements, rights of way, licenses and other similar interests affecting the Common Elements and consent to vacation of roadways within and adjacent to the condominium as provided in ORS 100.405(5); provided, however, no such interest may be granted with regard to a Limited Common Element unless the Owner and any Mortgagees of the Units having the right to use such Limited Conmlon Elements consent to the creation of such an interest. The granting of a lease in excess of two (2) years duration, or any other interest or consent pursuant to this Section, shall be done only after the prior approval of the Owners of at least seventy five percent (75%) of the Units. Nothing in this Section may be deemed to empower the Association to revoke, alter, modify or terminate any leases, easements, rights of way, license and similar interest of record on the date this DecIaration is recorded. 10.3 Right of Entry. The Board, acting on behalf of the Association, or any other Person authorized by the Board, may enter any Owner's Unit in the case of any emergency originating in or threatening such Unit or any other Unit or the Condominium, or requiring repairs in such Unit to protect public safety, whether or not the Owner is present at the time. Each Owner must also pemlit such persons to enter the Owner's Unit for the purpose ofperfonning installations, alterations, or repairs to any Common Element, preventing damage to the Common Elements or the other Units, or inspecting the Unit to verify that the Owner is complying with the restrictions and requirements described in this Declaration, the Bylaws, and/or the Association Rules and Regulations, provided that (i) reasonable notice is given to the Owner, and (ii) except in the case of an emergency, entry is made at a time or times reasonably convenient to the Owner and in a manner that minimizes interference with such Owner's use or enjoyment of their Unit. PAGE l) - McCALL DRIVE CONDOMINIUM DECLARATION POX 1358696v8 0064410-000002 q ./ III I ~ 10.4 Special Easement and Rights for Declarant. During the period of sale and constmction of the Units, Declarant and its agents, successors and assigns have an easement for access and use of, over and upon the Common Elements for the purpose of completing or making repairs to the Condominium and carrying out marketing activities reasonably necessary for the sale of Units, including, without limitation, the right to post signs on the Common Elements, use the Units owned by the Declarant as model Units and the right to use such model Unites) for real estate marketing with respect to the Units or other property. If the Declarant causes damage to the Common Elements in the exercise of the easement granted in this Section 10.4, then Declarant must restore the Common Elements, ordinary wear and tear excepted. The Declarant and its agents, contractors or employees may maintain daily hours of exterior Unit constmction work from 7:00 A.M. until 5 P.M., Monday through Saturday. The Declarant and its agents, contractors or employees may do interior Unit constmction work from 7:30 A.M. until 9:00 P.M, on any day. The Association has no approval right or other power by amendment, mles or otherwise to control, limit, regulate or affect Declarant's design, constmction or marketing of Units, which is in Declarant's sole discretion. Declarant in its sole discretion may remove trees and other vegetation for the constmction of the Units and any improvements to the Common Elements and burn or chip such vegetation within the Property. 11. COMMON INCOME AND EXPENSES; VOTING 11.1 Allocation of Income and Expenses. Subject to the following exceptions, the common income, if any, derived from, and the Common Expenses of, the Common Elements and any other Common Expenses must be allocated among all the Units and charged to the Owner of each Unit according to each Owner's percentage interest in the Common Elements as provided in Section 3 of this Declaration and the Bylaws. Common Expenses solely attributable to a particular building shall be specially assessed only to the Owners of Units in or constituting that Building. It is the intent of the Declarant to provide a fair allocation of the Common Expenses based upon the relative benefit to the Units from any particular Common Expense. Accordingly, anything herein to the contrary notwithstanding, if a Unit Owner demonstrates by clear and convincing evidence in an arbitration pursuant to Section 16 of this Declaration that a Common Expense allocation hereunder is materially unfair due to a mistake of the Declarant, changed conditions (other than with respect to the use, or lack of use, of the Units or Common Elements), etc., based upon the relative benefit to each Unit of such ongoing expenses in that category then the arbitrators shall have the authority to make such adjustment by prospectively reforming the Declaration. The arbitrators shall have no jurisdiction to retroactively reallocate past assessments of the Association, however, on such a basis. 11.2 Votes. Each Owner is entitled to one (1) vote for each Unit owned. In the event of co-Owners there will be only one (1) vote for the Unit. PAGE 10 - McCALL DRNE CONDOMINIUM DECLARATION PDX 1358696v8 00644\ 0-000002 [ () / III 12. SERVICE OF PROCESS The name of the person designated to receive service of process in cases provided in ORS 100.550(1) is named in the Condominium hlfonnation Report which has been filed with the Real Estate Agency in accordance with ORS 100.250(1)(a). 13. ENCROACHMENTS 13.1 Easement for Encroachments. Each Owner has a right of use over all adjoining Units and Common Elements for the purpose of accommodating any present or future encroachment as a result of engineering errors, construction, reconstruction, repairs, settlement, shifting, or movement of any portion of the Building, or any other similar cause, and any encroachment due to building overhang or projection. There is a valid easement for the maintenance of the encroaching Units and Common Elements so long as the encroachment exists, and the rights and obligations of Owners are not to be altered in any way by the encroachment. 13.2 Limitation. The easement described under section 13.1 does not relieve an Owner of liability in case of willful misconduct of an Owner or relieve the Declarant or any contractor, subcontractor or vendor of liability for failure to adhere to the plans. 13.3 Effect of Marketability. The encroachments described in Section 13.1 of this Section 13 may not be construed to be encumbrances affecting the marketability of title to any Unit. 14. MORTGAGEE PROTECTION 14.1 Controlling Over Other Sections. In the event of a conflict between this Section and other sections of this Declaration, the provisions of this Section control. 14.2 Notice of Action. Upon written request to the Association identifying the name and address of any Mortgagee with respect to a Unit and the address of such Unit, the Mortgagee will be entitled to receive written notice of: (a) all meetings of the Association and will be permitted to designate a representative to attend all such meetings; (b) any condemnation loss or any casualty loss which affects a material portion ofthe Condominium or any Unit on which there is a Mortgage; (c) any delinquency in the payment of assessments or charges owed by an Owner of a Unit on which there is a mortgage which remains uncured for a period of sixty (60) days; (d) any lapse, cancellation, or material modification of any insurance policy or fidelity bond maintained by the PAGE 11 - McCALL DRIVE CONDOMINIUM DECLARATION POX 1358696v8 0064410-000002 ( 1./ Association at least ten (10) days before such occurs; and (e) any proposed action which would require the consent of the specified percentage of Mortgagees under the Declaration or Bylaws. 14.3 Mortgagee Approval. For purposes of determining the percentage of Mortgagees approving a proposed decision or course of action in cases where a Mortgagee holds first Mortgages on more than one Unit, such Mortgagee will be deemed a separate Mortgagee as to each such Unit. 14.4 Mortgagee's Consent to Abandon Condominium. Except with respect to termination of the Condominium as a result of destruction, damage, or condemnation, any termination of the Condominium requires the approval of Mortgagees holding Mortgages on Units having at least sixty-seven percent (67%) of the votes of Units in the Condominium which are subject to Mortgages. Any such tennination of the Condominium must be carried out by the Owners pursuant to the provisions of the Declaration, Bylaws, and the Act and only after a vote of the Owners as required herein. 14.5 Amendment of Condominium Declaration or Bylaws. Subject to any contrary provisions of the Act, except upon the approval of Mortgagees holding Mortgages on Units which have at least fifty-one percent (51 %) of the votes of Units in the Condominium which are subject to Mortgages, no amendments may be made to the Declaration or Bylaws which add to or amend any material provision of the Declaration or Bylaws which establish, provide for, govern, or regulate any of the following: (a) voting; (b) assessment, assessment liens, or subordination of liens; (c) percentage ownership in Common Elements, including, but not limited to, the reallocation of interests in the Common Elements after a partial condemnation or partial destruction of the Property; (d) reserves for maintenance, repair, and replacement of the Common Elements; (e) insurance or fidelity bonds; (f) easements of access and use of the Common Elements; (g) responsibility for maintenance and repair of the several portions of the Condominium; (h) expansion or contraction of the Condominium, or the addition, annexation, or withdrawal of real property to or from the Condominium; (i) boundaries of any Unit or the exclusive easement rights appurtenant thereto; (j) conversion of Units into Common Elements or of Elements into Units; (k) leasing of Units; (1) imposition of any right of first refusal or similar restriction on the right of an Owner to sell, transfer, or otherwise convey such Owners' Unit; (m) any provisions which are for the express benefit of Mortgagees; (n) the purposes to which any Unit or the Common Elements are restricted; and (0) establishment of self-management by the Association. 14.6 Limitation. The provisions of Section 14.5 are intended only to be a limitation on the right of the Owners to amend the Declaration and Bylaws. Any such amendments to the Declaration or Bylaws may be made only upon full compliance with the provisions of such relating to the procedure and percentage of votes required for such amendment in addition to Section 14.5. PAGE 12 - MeC ALL DRIVE CONDOMINIUM DECLARA nON POX 1358696v8 0064410-000002 ld-/ 14.7 Deemed Approval by Mortgagees. Any Mortgagee who receives a written request to approve an amendment to the Declaration or Bylaws or any other action to be taken by the Board, Association, or Owners will be de('::med to have given such approval unless such Mortgagee's written objection to such action is delivered to the Association within thirty (30) days after the date of the written request. 14.8 Mortgagee's Proxy. If the Mortgagee of any Unit determines that the Association is not providing an adequate maintenance, repair and replacement program for the Common Elements, then such Mortgagee, at its option, may deliver a notice to the registered agent of the Association, as required pursuant to ORS 100.550, setting forth the particular defect which it believes exists in the maintenance, repair and replacement program. Ifthe specified defects are not corrected within ninety (90) days subsequent to receipt of such notice, then the Mortgagee, upon written notice to the registered agent that it is exercising its proxy rights hereunder, has the right to attend succeeding annual or special meetings of the Association and to cast the vote(s) for each Unit on which it holds a mortgage on all business coming before such meeting, which proxy rights will continue until the defects listed on the notice are corrected. 15. OPERATING ENTITY 15.1 Formation and Authority. The McCall Drive Condominium Owners Association has been organized as a nonprofit mutual benefit corporation to administer the operation and management of the Condominium and to undertake and perform all acts and duties incident thereto in accordance with the terms of its Articles of Incorporation, this Declaration and Bylaws. A copy of the Bylaws are attached hereto as Exhibit B. Each Owner is entitled to vote in the manner prescribed in the Articles of Incorporation and Bylaws of the Association. 15.2 Duties and Powers of the Association. The Association has all requisite power, duty and authority to perform its obligations under this Declaration, including without limitation the power, duty and authority to enforce the provisions of this Declaration and to acquire and pay for, from funds provided by assessments of the Units, all goods and services necessary or appropriate for the proper functioning of the Association in accordance with this Declaration. Without limiting the generality of the foregoing or the other provisions of this Declaration, the Association has the power, duty and authority, subject to other provisions of this Declaration and the Bylaws, to undertake the following actions: (a) determine the amounts necessary or appropriate for the performance by the Association of its powers and duties under this Declaration; (b) impose and collect arumal and special assessments from the Owners; (c) maintain bank accounts on behalf of the Association and designate the signatories for those accounts; (d) file all required income tax returns; (e) enforce by legal means the provisions of this Declaration; (f) maintain and repair the Common Elements and the improvements thereon and establish a reserve fund and maintenance plan for PAGE 13 - McCALL DRIVE CONDOMINIUM DECLARATION PDX 1358696v8 0064410-000002 1.3/ such purposes; (g) promulgate, modify, and rescind mles and regulations governing use of the Common Elements and all improvements on the foregoing, as well as the Condominium generally; (h) obtain such policies of insurance as the Board may from time to time deem appropriate for the protection of the Association, the Common Elements and the improvements thereon; (i) contract for such services (including without limitation legal and accounting services) as may be necessary or appropriate to manage the affairs of the Association properly and in accordance with this Declaration, whether the persOlmel performing such services are employed directly by the Association or by a manager or management firm or agent retained by the Association; U) appoint such committees as the Board may determine from time to time to be appropriate to assist in the conduct of the affairs of the Association and delegate to any such committee such authority as the Board may deem appropriate, subject in all cases to the provisions of the Declaration. Except to the extent expressly stated otherwise in this Declaration or the Bylaws, the Association has the powers set forth in the Act at ORS 100.405(4). 15.3 Rules and Regulations. The Association may, by a majority vote of the Board, from time to time, adopt, amend, enforce and repeal Rules and Regulations as the Board determines to be necessary or proper for the operation of the Association. The Rules and Regulations will govern use of the Units and Common Elements by any Owner, occupant, family member or invitee of an Owner or occupant. Provided, however, that the mles and regulations may not discriminate among Owners and may not be inconsistent with this Declaration, the Association Articles or Bylaws. A copy of the Rules and Regulations as they may from time to time be adopted, amended or repealed, shall be mailed or otherwise delivered to each Owner. Upon such mailing or delivery, the rules and regulations shall have the same force and effect as if set forth in and a part of this Declaration. The Association Rules and Regulations shall not materially change the rights, preferences or privileges of any person, or the restrictions on any Unit as herein set forth. 15.4 Control of Association. The Condominium will be governed by the Association. As provided in ORS 100.200(1) and (2), the Declarant may retain administrative control of the Association for a period not exceeding the earlier of: (a) three (3) years from the date of conveyance of the first Unit; (b) the date of conveyance to persons other than Declarant of 75% of the Units in the Condominium which may be created under ORS 100.150; or (c) the date on which Declarant elects to relinquish pernlanently its control, whichever date first occurs. Administrative control of the Association by the Declarant is more particularly set forth in the Bylaws. 16. Membership 16.1 Membership. Each Owner, by virtue of being an Owner and as long as such Owner continues in that capacity, shall be a member of the Association. The membership of an Owner terminates automatically upon an Owner being divested of its ownership interest in a Unit and Common Elements. Each membership in the Association is appurtenant to the Unit owned by an Owner PAGE 14 - McCALL DRIVE CONDOMINIUM DECLARATION POX 1358696v8 0064410-000001 J ~/ III and may not be transferred in any manner whatsoever except upon a transfer of title to such Unit and then only to the transferee of such title. Any attempt to make a prohibited transfer of a membership is void. 16.2 Voting. Each Owner is entitled to one (1) vote per Unit owned in the manner prescribed in the Articles of Incorporation and Bylaws of the Association. In the event of co-Owners, there remains only one (l) vote per Unit. Except as otherwise provided in Section 14, no person, finn or corporation holding any lien, mortgage or other encumbrance upon any Unit is entitled, by virtue of such lien, mortgage or other encumbrance, to membership in the Association, or to any of the rights or privileges of such membership. 16.3 Enforcement Powers. In addition to any other enforcement rights described in this Declaration and the Bylaws or authorized by law, and subject to any restrictions on the Association's enforcement rights, including any due process requirements imposed by this Declaration, the Bylaws or by law, the Association may take any of the following actions against any person or entity whose act or failure to act violates or threatens to violate any provision of this Declaration, the Bylaws, or Association Rules: (a) impose monetary fines of no more than $100 for the first violation, $500 for the second violation and $1,000 for the third violation of the same type; (b) suspend or revoke the qualification of any Occupant for use of the Unit and/or Common Elements; and ( c) commence a legal action for damages, injunctive relief, or both. Any remedies specifically provided herein are nonexclusive and cumulative and are in addition to all other legal or equitable remedies available to the Association. 16.4 Enforcement Actions. The determination of whether to impose any of the foregoing sanctions is within the sole discretion of the Association. The Association may take more than one of the foregoing enforcement actions against any violation or threatened violation. The Association, in its sole discretion, may resolve or settle any dispute, including any legal action, under such terms and conditions as it considers appropriate. 16.5 Mediation and Arbitration. Except with respect to any action by the Association to foreclose an existing lien or execute on an existing judgment, every Owner and the Association has the right to submit any dispute regarding enforcement of this Declaration, the Bylaws or the Association Rules and Regulations to nonbinding mediation, and if the mediation is unsuccessful, to binding and final arbitration according to the rules of the Arbitration Service of Portland, Inc. If any action is brought by one or more but less than all Owners on behalf of the Association and recovery is had, the expenses of these Owners shall be a Common Expense. However, if such action is brought against the Owners or against the Board, Officers, employees, or agents thereof, in their capacities as such, with the result that the ultimate liability asse11ed PAGE 15 - McCALL DRIVE CONDOMINIUM DECLARATION POX 1358696v8 0064410-000002 ~6- III would, if proved, be borne by all the Owners, the plaintiff s expenses, including attorneys' fees, shall not be charged to or borne by the other Owners, as a Common Expense or otherwise. Complaints brought against the Association, the Board or the officers, employees, or agents thereof, in their respective capacities as such or the Condominium as a whole, must be directed to the Board, which must promptly give written notice thereof to the Owners and any Mortgagees. Such complaints must be defended by the Board, and the Owners and Mortgagees have no right to participate in such defense other than through the Board. Complaints against one or more, but less than all Owners, must be directed to such Owners, who must promptly give written notice thereof to the Board and to the Mortgagees affecting such Units, and must be defended by such Owners. 16.6 Suspension of Sanctions. Except in the event of an emergency threatening the health or safety of the other occupants of the Condominium, the sanctions described above in Section 16.3 may not be imposed until the subject of the sanction has first been given ten (10) days prior notice and opportunity to cure the violation complained of and to be heard orally or in writing by the Board. The notice may be given in any manner reasonably intended to provide actual notice to the subject of the sanctions. The imposition of the sanctions described above in Section 16.3 may be suspended during the pendency of any mediation and arbitration. 17. MANAGING AGENT 17.1 Professional Management. The Association must be professionally managed by a licensed property manager. If the Association assumes self-management at any time by the agreement of the Owners, thereafter the Association must resume professional management and appoint a managing agent upon the request of any two (2) Owners. If the Board fails to appoint a managing agent within thirty (30) days of such a request then the managing agent must be a licensed property management firm appointed by and under the supervision of the presiding judge of the Jackson County Circuit Court until the Board appoints another qualified managing agent. At least thirty (30) days' notice of any contemplated change in the managing agent must be given to any Mortgagee which has requested notice. Even if the Condominium is self managed, the Association shall engage a qualified professional maintenance consultant and contractor to regularly inspect and maintain the Common Elements and Building Shell of each building in the Condominium as reasonably necessary to keep the Condominium well maintained and in good repair. At a minimum the Condominium shall be inspected and maintained on the following basis: (a) weekly routine landscaping and ground keeping during the summer growing season and monthly during periods of dormant growth; (b) rain gutter and downspouts and stonn water drainage system in October of each year to assure storn1 water will drain away from the buildings; (c) all other elements shall be inspected and maintained at least ammally including but not limited to the landscape irrigation system, tree and shrub pnming, roofing, siding, window and door frames, caulking and flashing of all penetrations of the building exterior PAGE 16 - McCALL DRIVE CONDOMfNlUM DECLARATION PDX 1358696v8 0064410-000002 ,~~ surfaces, street curbs and gutters, sidewalks, street paving, stairs, decks, patios, fences, gates, retaining walls, foundations, eaves and soffits, etc. Declarant or any Owner shall have the right to specifically enforce these inspection and maintenance requirements and recover from the Association and the other Owners any legal fees and costs incurred in any mediation, arbitration or litigation necessary to specifically enforce these requirements including any trial and any appeal or review of a trial judgment. Any petition for specific perfonnance of such inspection and maintenance requirements shall not be subject to the normal dispute resolution procedures of this Declaration. 17.2 Initial Managing Agent. Subject to the rights of the Association or the Board to terminate the managing agent without penalty upon not less than thirty (30) days written notice to the other party given not later than sixty (60) days after the Turnover Meeting specified in the Bylaws of the Association, Barclay Square Condominium, LLC will act as the initial agent to manage the Condominium for a term not to exceed two (2) years. 17.3 Scope of Managing Agent Duties. The Board may delegate to the managing agent responsibility for the following items in addition to any others the Board chooses to delegate: 17.3.1 Operation, care, upkeep and maintenance of the portions of the Condominium that are the responsibility of the Association such as the General Common Elements, roofs and party walls; 17.3.2 Recommendation to the Board of the amounts required for operation, maintenance and other affairs of the Association, and the preparation of annual budgets for approval by the Board; 17.3.3 Collection of Common Expenses from the Owners; 17.3.4 Purchases for the maintenance, repair, replacement, administration, management and operation of the Condominium which are consistent with Board-approved budgets or specially approved by the Board; 17.3.5 Subject to Board approval, maintain bank accounts on behalf of the Association; 17.3.6 The acqmsItIon of any and all goods and services necessary for the operation of the Condominium or for enforcement of the Declaration and these Bylaws consistent with Board-approved budgets or specially approved by the Board; 17.3.7 Subject to Board approval, maintenance and repair of any Unit, its appurtenances and/or its improvements when such maintenance or repair is reasonably necessary in the opinion of the managing agent to protect the Common Elements or preserve the appearance and value of the Condominium development and the Owner or Owners of said Unit PAGE 17 - McCALL ORNE CONDOMINIUM DECLARATlON POX I 358696v8 0064410-000002 \1~ have failed or refused to perform said maintenance or repair within a reasonable time after written notice of the necessity of said maintenance or repair has been delivered by the Board to the Owner or Owners; 17.3.8 Subject to Board approval, the Association will act as attorney-in-fact for the Unit Owners for the purpose of purchasing and maintaining bonds and insurance the Board deems necessary for fire or other hazard, liability for personal injury and property damage, Fidelity of Association officers' and other employees, and Directors' and Officer's liability, for the Association and the Condominium, including the Units, pursuant to the provisions of the Declaration or Bylaws; 17.3.9 Preparation of financial statements, all appropriate income tax returns and the Annual Report to be filed with the Oregon Real Estate Agency; and 17.3.10 Subject to Board review and approval, enforcement by legal means of the provisions of the Act, the Declaration, Bylaws and any Association Rules and Regulations adopted hereunder. 18. AMENDMENT 18.1 Approval Required. Except as may otherwise be provided in this Declaration or by the Act, this Declaration may be amended if such amendment is approved by the Owners of at least seventy-five percent (75%) of the Units. Except as otherwise provided in the Act, no amendment may change the size, location, allocation of undivided interest in the Common Elements, method for detennining liability for Common Expenses, right to common income or voting rights of any Unit unless such amendment has been approved by the Owners of the affected Units and the holders of any Mortgages on such Units. For as long as Declarant owns any unsold Units, the Bylaws, Rules and Regulations, and this Declaration may not be modified, added to, amended or repealed so as to eliminate, change, or impair any rights, privileges, easements, licenses or exemptions granted therein or herein to Declarant or its designee, or otherwise adversely affect Declarant or such designee, without Declarant's or such designee's consent. 18.2 Recordation. The amendment will be effective upon recording by the Jackson County Clerk of the Declaration (as amended) or of the amendment thereto, certified by the President and Secretary of the Associatiori and (if required by law) approved by the Jackson County Assessor and the Oregon Real Estate Commissioner. IN WITNESS WHEREOF, Declarant has caused this Declaration to be executed this d:J.l1v day of )Ecf:M ~ , 2006. PAGE 18 - McCALL DRlYE CONDOMINIUM DECLARATION PDX 1358696v8 0064410-000002 l<6'- ~ DATED this 22... day of ~006, being hereby adopted by the undersigned Declarant on behalf of the Association. DECLARANT: BARCLAY SQUARE CONDOMINIUM, LLC, an Oregon limited liability company By: Evan Archerd, Manager STATE OF OREGON ) ) COUNTY OF JACKSON ) On this e?2 day of lJetlll,.,.",b-t?-l, 2006, personally appeared before me Evan Archerd, who being duly swom did say that he is the Manager of Archerd & Dresner, LLC, an Oregon limited liability company, which is a member of Barclay Square Condominium, LLC, an Oregon limited liability company, and acknowledged that the foregoing instrument is the free act and deed of said company. . OFFICIAL SEAL ~~ . MARION ROSE ~, '. NOTARY PUBLIC-OREGON Notary PublIc for D,e..b6-0Jo-i , COMMISSION NO. A378095 M C .. E . . /' / MY OMMISSION EXPIRES MAR. 8.2008 yommlsslOn xpnes :3 8 D5r ...~,-, ~ The foregoing Declaration is approved pursuant to ORS 100.110 this2g day of ~~ 2~ and in accordance with ORS 100.110(7), this approval shall automatically expire if this Declaration is not recorded within two (2) years from this date. SCOTTW. TAYLOR Real Estate Commissioner B ASSESSOR AND TAX COLLECTOR FOR JACK~'1-9 . By:---LD;t -'~ J ~ Assessor By:J)~ ~ Tax Collector ) - J PAGE 19 - McCALL DRIVE CONDOMINIUM DECLARATION pox 1358696v8 0064410-000002 lot - EXHIBIT A Legal Description PARCEL NO. ONE (1) OF PARTITION PLAT NO. P-05-2005, RECORDED JANUARY 14,2005 IN RECORD OF PARTITION PLATS IN JACKSON COUNTY, OREGON, AND FILED AS SURVEY NO. 18590 IN THE OFFICE OF THE JACKSON COUNTY SURVEYOR. EXCEPTING THEREFROM THAT PORTION DEEDED TO THE CITY OF ASHLAND BY WARRANTY DEED RECORDED AS INSTRUMENT NO. 2005-073293 IN THE OFFICIAL RECORDS OF JACKSON COUNTY. PAGE 20 - MeC ALL DRIVE CONDOMINIUM DECLARATION II 0 ---- POX !358696v8 0064410-000002 C1' EXHIBIT B Bylaws of Association PAGE 11 - McCALL DRIVE CONDOMINIUM DECLARATION PDX 1358696v8 0064410-000002 d\/ II, BYLA WS of McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION MADE PURSUANT TO THE OREGON CONDOMINIUM ACT ~~- TABLE OF CONTENTS Page 1. GENERAL PROVISIONS ............................................................................................................................... 1 1.1 ID ENTITY. ........................................ .. .................... .. ..................... ........ .......... ........................................... 1 1.2 BYLAWS SUBJECT TO OTHER DOCUMENTS......................................................................... ....................1 1.3 ApPLICABILITY. ........................................................................................................................................ 1 1.4 OFFICE. ............................................................................................................................................. ........ 1 1.5 DEFINITIONS. ................................................................................................................... .......................... 2 2. MEE TIN GS 0 F OWNERS .............................................................................................................................. 2 2.1 INITIAL MEETING. ................................................ ........ ................................................................. ........... 2 2.2 TRANSITIONAL COMMITTEE. ........................... ... ...... .... ...... ......... ................................................ .~.......... 2 2.3 TURNOVER MEETING. ............................ ..... ........... .......... ......................................... ............ ........ ..... ...... 2 2.4 ANNUAL MEETINGS. ................................................................................................................................. 3 2.5 PLACE OF MEETINGS. .......................... .......... ................................................................. .... ............... ....... 3 2.6 SPECIAL MEETINGS. ................................................................................................................................. 3 2. 7 NOTICE. ..................................................................................................................................................... 3 2.8 VOTING........................................................................... ................................ ...... ..................................... 4 2.9 PROXIES. .............................................................................................................................................. ..... 4 2.10 FIDUCIARY AND CORPORATE OWNERS....................................................................................................5 2.11 VOTING BY MAIL OR ELECTRONIC MAIL. .............................................................................................. 5 2.12 QUORUM.................................................................................................................................................... 7 2.13 BINDING VOTE. ......................................................................................................................................... 7 2.14 ORDER OF BUSINESS. .......................................................................... ...................................................... 7 3. BO ARD OF D IRECTO RS ............................................................................................................................... 8 3.1 NUMBER, TERM AND QUALIFICATION. .................................................................................................... 8 3.2 POWERS AND DUTIES. ............................................................................................................................... 8 3.3 ACTIVITIES FOR PROFIT PROHIBITED. .................................................................................................. 10 3 .4 LIMITATION. ........................................................................................................................................... 10 3.5 ORGANIZATIONAL MEETING. ................................................................................................................ 11 3.6 REGULAR AND SPECIAL MEETINGS. ...................................................................................................... 11 3.7 WAIVER OF NOTICE. ............................................................................................................................... 11 3.8 QUORUM AND ACT OF BOARD. ............................................................................................................... 12 3 .9 REMOVAL. ............................................................................................................................................... 12 3.1 0 RESIGNATION. ......................................................................................................................................... 12 3 .11 VACANCIES. ............ ....... ................... .......... ............... .............................................................. ...... .......... 12 3 .12 COMPENSATION. ..................................................................................................................................... 12 3.13 LIABILITY AND INDEMNIFICATION OF DIRECTORS, OFFICERS, MANAGER OR MANAGING AGENT... 12 3.14 FIDELITY BONDS. ................................. ..... .......... ...................... ..................... ................. ........................ 13 3.15 INSURANCE. ............................................................................................................................................. 13 3.16 SPECIAL COMMITTEES. ............................. ..... ................................................................. ..... .................. 13 4. 0 FFI C ERS.............................................................................................................................................. ......... 13 4 .1 DESIGNATION. ......................................................................................................................................... 13 4.2 ELECTION.................................................................................................................................. .............. 14 4.3 REMOVAL. ............................................................................................................................................ ... 14 4.4 PRESIDENT. ............................................................................................................................................. 14 4.5 SECRETARY. ............................................................................................................................................ 14 4.6 TREASURER. ............................................................................................................................................ 14 4.7 EXECUTION OF INSTRUMENTS................................................................................................................ 15 4.8 COMPENSATION OF OFFICERS. .............................................................................................................. 15 5 . BUDGET, EXPENSES AND ASSESSMENTS ............................ ............................................. .................... 15 5.1 BUDGET. ....... ..... ............................... .......... ..... ..... ...... ........... ...................... .................... ....... ............. .... 15 TABLE OF CONTENTS - THE McCALL DRIVE CONDOMINIUM OWNERS ASSOClA TION BYLAWS POX \358705v3 64410-2 Page i of iii ~~" T ABLE OF CONTENTS Page 5.2 RESERVE FUND. ..................................................................................................................................... . 16 5.3 DETERMINATION OF COMMON EXPENSES.............................................................................................17 5.4 ASSESSMENT OF COMMON EXPENSES.................................................................................................... 18 5 .5 OPERATING FUND. ..................... ......... ......................... ........... ................. ............................ ............ ....... 18 5.6 CONTINGENCY FUND. ............................................................................................................................. 19 5.7 SPECIAL ASSESSMENTS........................................................................................................................... 19 5.8 STATEMENT OF COMMON EXPENSES. .............. ........... ......................................................... ............ ...... 19 5.9 DEFAULT IN PAYMENT OF COMMON EXPENSES. ................................................................................... 19 5.10 DELINQUENT ASSESSMENT DEPOSIT. .................................... ....................................................... ......... 20 5.11 ACCELERATION OF ASSESSMENTS. ........................................................................................................21 5.12 FORECLOSURE OF LIENS FOR UNPAID COMMON EXPENSES. ............................................................... 21 5.13 LIEN PRIORITY. ................................................. ... .... .................. ... ............................ .............................. 21 5.14 FIRST MORTGAGES; LIABILITY OF SUBSEQUENT OWNER. .................................................................. 21 5.15 LIABILITY OF OWNERS. .......................................................................................................................... 22 5.16 VIOLATION BY OWNERS; REMEDIES. .................................................................................................... 22 5.17 No WAIVER. ...................................................................................................................... ..... ................. 23 6. RE CORDS AND A un IT S .............................................................................................................................. 23 6.1 GENERAL RECORDS. ............................................................................................................................... 23 6.2 RECORDS OF RECEIPTS AND EXPENDITURES.........................................................................................23 6.3 AsSESSMENT ROLL. ................................................................................................................................ 23 6.4 COMMON EXPENSE PAYMENT RECORDS. ..............................................................................................24 6.5 ANNUAL REpORTS AND AUDITS. ............................................................................................................ 24 6.6 NOTICE OF SALE, MORTGAGE, RENTAL OR LEASE. ............................................................................. 24 7. OCCUP A TION AND USE ............................................................................................................................. 24 7 .1 GENERALLY. ........................................................................................................................................... 24 7.2 LEASING OR RENTING OF UNITS. ........................................................................................................... 24 7.3 SALES FACILITIES OF DECLARANT. ....................................................................................................... 28 7.4 EFFECT ON INSURANCE. ............................................... ... ..................................................... .................. 28 7.5 OFFENSIVE OR UNLAWFUL ACTIVITIES.................................................................................................29 7.6 CONTESTED LEGAL REQUIREMENTS..................................................................................................... 29 7.7 P ARKlNG.................................................................................................................................................. 30 7.8 VEHICLES. ............................................................................................................................................... 30 7.9 PETS................................................................................................................................................... ...... 30 7.10 PROTECTION OF WILDLIFE. ................................................................................................................... 30 7.11 RUBBISH AND TRASH. .............................................................................................................................31 7.12 SIGNS. .................................................................................................................................................... .. 31 7.13 TEMPORARY STRUCTURES. .................................................................................................................... 31 7.14 ASSOCIATION RULES AND REGULATIONS..............................................................................................31 8. MAINTENANCE OF CONDOMINIUM PROPERTY AND RELATED MATTERS............................. 32 8.1 MAINTENANCE AND REPAIR. ............... ...... ..................................................................... ....... ................. 32 8.2 ADDITIONS, ALTERATIONS OR IMPROVEMENTS.......................................................................... ..........33 8.3 DAMAGE OR DESTRUCTION BY CASUALTy............................................................................................ 34 8.4 TOTAL CONDEMNATION. ................. .............. ........ ................ ..................... ............................ ..... ........... 34 8.5 PARTIAL CONDEMNATION...... ........................ ........ ..... ...... ..... ........ .................. ............... .......... ............. 35 9. IN S URAN CE ................................................................................................................................................... 35 9 .1 ASSOCIATION INSURANCE COVERAGE................. ................................................. ................ ....... ..... ..... 35 9.2 OWNER'S INSURANCE COVERAGE. ........................................................................................................ 37 9.3 INSURANCE PROCEEDS. ................ ...... ............. ............. ........ .......... ............................ ........... ....... ..... ..... 38 9 .4 MANDATORY PROVISIONS. ............ ........ ................. ....... ................ ......... .................. .............. ................ 38 9 .5 UNACCEPTABLE POLICIES...................................................................................................................... 38 TABLE OF CONTENTS - THE McCALL DRIVE CONDOMINIUM OWNERS ASSOClA TION BYLAWS PDX I358705v3 64410-2 Page ii of iii d-4, 10. 10.1 10.2 10.3 II. 12. 12.1 12.2 12.3 12.4 12.5 12.6 12.7 12.8 12.9 TABLE OF CONTENTS Page AMEND MENTS TO B YLA W S ................................................................................................................ 39 How PROPOSED.............................................................................................................................. ........ 39 ADOPTION. .................................................................................... ............................. ............................. 39 EXECUTION AND RECORDING................................................................................................................. 39 MEDIA TI 0 N AND ARBITRA TI 0 N ........................... ............................................................................ 39 MISCELLANEOUS................................................................................................................................... 40 NOTICES. ................................................................................................................................................. 40 WAIVER. ................................................. .................................................................... ........................ ..... 40 INVALIDITY; NUMBER; CAPTIONS. ........................................................................................................40 ACTION WITHOUT A MEETING. ............................................................................................................. 40 CONFLICTS; SEVERABILITY. .................................................................................................................. 40 RULES OR ORDER. .................................................................................................................................. 41 LIABILITY SURVIVES TERMINATION...................................................................................................... 41 INDEXING................................................................................................................................................. 41 THE DECLARANT AS OWNER.................................................................................................................. 41 TABLE OF CONTENTS - THE McCALL DRNE CONDOMINIUM OWNERS ASSOClA nON BYLAWS PDX 1358705v3 64410-2 Page iii ofiii ~ 5' r BYLAWS OF McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION THESE BYLAWS, to be effective upon their recording in Jackson County, Oregon, pursuant to the provisions of the Oregon Condominium Act, are made and executed this 3rd day of January ,2007 by McCall Drive Condominium Owners Association, a nonprofit mutual benefit corporation organized under the laws of the State of Oregon (hereinafter "Association") . 1. GENERAL PROVISIONS 1.1 Identity. These are the Bylaws of the Association. The Articles of Incorporation for the Association (the "Articles") were filed with the Oregon Secretary of State on March 1 0, 2006. The Association has been organized for the purpose of administering the operation and management of McCall Drive Condominium (the "Condominium"). The Condominium was established by Barclay Square Condominium, LLC, an Oregon limited liability company (the "Declarant"). The Condominium was established in accordance with the provisions of ORS Chapter 100 (the "Act"). The Condominium is located upon property in Jackson County, Oregon, the location of which is described in the Declaration of Condominium Ownership for McCall Drive Condominium (the "Declaration") to which these Bylaws are attached as Exhibit B. 1.2 Bylaws Subject to Other Documents. The provisions of these Bylaws are applicable to said Condominium, and are expressly subject to the temls, provisions and conditions contained in the Articles of Incorporation of the Association, and subject to the tenns, provisions and conditions contained in the Declaration which is being recorded simultaneously herewith in the records of Jackson County, Oregon. 1.3 Applicability. Declarant, its successors and assigns, all Owners, tenants and occupants, their agents, invitees, licensees and employees that use the Condominium, or any part thereof, are subject to these Bylaws, and all Association Rules there under as promulgated from time to time. 1.4 Office. The office of the Association shall be at the offices of 550 E. Main Street, Ashland, OR 97520, or at any other place designated by the Association. I - McCALL DRJVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX 1358705v3 64410-2 J(P~ 1.5 Definitions. Unless otherwise specified, all tern1S shall have the same meaning in these Bylaws as such terms have in the Declaration. 2. MEETINGS OF OWNERS 2.1 Initial Meeting. The initial meeting of the Association shall be held within sixty (60) days after the recording of these Bylaws. The Declarant shall call the meeting by written notice to each of the Owners stating the exact time and place of the initial meeting and the purpose thereof. The notice shall be in accordance with the requirements of Section 2.7 of these Bylaws, except that the Declarant shall fulfill the role of President or Secretary. 2.2 Transitional Committee. Unless the Turnover Meeting (see Section 2.3) has been held, the Declarant shall call a meeting of the Owners within sixty (60) days of the conveyance to persons other than the Declarant of fifty percent (50%) of all Units which maybe created under 100.125. Notice of the meeting shall be given (as provided in Section 2.7) to each Owner at least seven (7) but not more than fifty (50) days prior to the meeting. The notice shall state the purpose of the meeting and the time and place' where it is to be held. If the meeting is not called by the Declarant within the time specified, the meeting may be called and notice given by any Owner. If at the meeting the Owners, other than the Declarant, fail to select a transitional committee, the Declarant shall have no further responsibility to form such a committee. The committee shall be advisory only and shall consist of two (2) or more members selected by Owners other than Declarant and shall not include more than one representative of Declarant. The committee members shall serve until the Turnover Meeting, and the committee shall function to ease the transition from control of the administration of the Association by the Declarant to control by the Owners. The requirement for a transitional committee shall not apply once the Turnover Meeting has been held. 2.3 Turnover Meeting. A meeting shall be called by the Declarant within ninety (90) days from the earlier of (a) seven (7) years from the date of conveyance of the first Unit; (b) the date of conveyance to persons other than Declarant of 75% of the Units in the Condominium which may be created under ORS 100.125; or (c) the date on which Declarant elects to relinquish pern1anently its control, whichever date first occurs ("Tumover Meeting"). The Declarant shall give notice (as provided in Section 2.7) of the Tumover Meeting to each Owner at least seven (7) but not more than fifty (50) days prior to the Turnover Meeting. The notice shall state the purpose of the Tumover Meeting and the time and place where it is to be held. If the Turnover Meeting is not called by Declarant, the Turnover Meeting may be called and notice given by any Owner or by any first Mortgagee of a Unit. At the Turnover Meeting, the Declarant shall relinquish control of the Association to the Owners and the latter shall assume control. The Owners shall elect a Board of Directors as set forth in these Bylaws and Declarant shall deliver to the Association the 2 - MeC ALL DRIVE CONDOMINIUM OWNERS ASSOCIA TION BYLAWS PDX 1358705v3 64410-2 ~1' III items specified in ORS 100.210. During the three (3) month period following the Turnover Meeting, a representative of the Declarant shall be available to meet with the Board on at least three mutually acceptable dates to review the documents delivered, pursuant to ORS 100.210. 2.4 Annual Meetings. The first annual meeting of Owners shall be held in the first quarter of the calendar year following the calendar year in which the Turnover Meeting is held. At such meeting, the incumbent Directors elected at the Turnover Meeting to serve until the first annual meeting shall resign and new Directors shall be elected by the Owners as provided herein. Thereafter, annual meetings shall be held in same month as the first ammal meeting or in the month next following, at such hour and on such date as the Board may designate, or if the Board should fail to designate such date by the last day of the first month in which the meeting may be held, then the meeting shall be held on the second Wednesday of the second month in which the meeting may be held, unless such day shall be a legal holiday, in which event the meeting shall be held on the next succeeding business day. At such meetings, the Owners shall elect Directors to fill vacancies or to succeed retiring Directors as provided in Section 3 of these Bylaws and shall also transact such other business of the Association as may properly come before the meeting. 2.5 Place of Meetings. Meetings of the Owners will be held at the principal office of the Association, or at such other suitable place as may be designated by the Board. 2.6 Special Meetings. Special meetings of the Association may be called at any for the purpose of considering matters which, by the ternlS of the Act, the Declaration or these Bylaws, require the approval of all or some of the Owners, or for any other reasonable purpose. Such meetings shall be called by written notice of the President, by resolution of the Board of Directors or upon a petition signed and presented to the Secretary by the Owners of not less than thirty percent (30%) of the Units stating the purpose of the meeting. The notice of any special meeting shall state the time and place of such meeting and the purpose thereof. 2.7 Notice. The President or Secretary shall give written notice of each Owners meeting at least seven (7) days but not more than fifty (50) days prior to the date set for such meeting. The notice shall state the purpose thereof and the time and place where it is to be held. Notice shall be given to each Owner of record, and to any first Mortgagee of record requesting such notice, by first class mail to each Owner or first MOligagee at the home or business address listed on the books of the Association, by electronic mail sent to the electronic mail address of such Owner as listed on the books of the Association, by facsimile sent to the facsimile home or business phone number listed on the books of the Association, or at such other address as such Owner shall have designated by notice in writing to the President or Secretary, at least ten (10) days prior to the giving of such notice of meeting. The giving of a notice in the manner provided in these Bylaws 3 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 d~; shall be considered notice properly served. Proof of the giving of such notice, whether by mail or personal delivery, shall be given by the affidavit of the person giving the notice. Notice of a meeting may be waived by any Owner before or after the meeting. When a meeting is adjourned for less than thirty (30) days, no notice of the adjourned meeting need be given other than by announcement at the meeting at which such adjournment takes place. 2.8 Voting. 2.8.1 The total voting power of all Owners is one hundred percent (100%). Each Owner is entitled to one (1) vote per Unit owned. An Owner's votes must be voted in single block and may not be split. 2.8.2 In accordance with ORS 1 00.525(b), co-Owners of a Unit will have only one vote per Unit owned. In the absence of protest by a co-Owner, the vote may be exercised by anyone of the co-Owners present at a meeting. In the event of a disagreement among co- Owners, the vote of the Unit or Units owned will be disregarded completely in determining the proportion of votes given with respect to the matter at issue, unless a valid court order establishes the authority of a co-Owner to vote. 2.8.3 The designation of a voting representative may be revoked and changed at any time by actual written notice to the Board from a party having an ownership interest in a Unit, or by actual written notice of the death or judicially-declared incompetence of any party with an ownership interest in the Unit. 2.8.4 The power of designation and revocation may be exercised by the tmstee, receiver, guardian, or conservator of an Owner and the administrator or executor of an Owner's estate. 2.8.5 The Declarant is entitled to vote as the Owner of any Units it owns at the time of the election, and the Board is entitled to vote on behalf of any Unit which has been acquired by or on behalf of the Association; provided, however, that the Board may not vote such Units in any election of Directors. 2.8.6 Any person, on becoming an Owner, must furnish to the managing agent or Board a photocopy of the certified copy of the recorded instmment by which ownership of the Unit was obtained, which instmment will remain in the files of the Association. An Owner will not be deemed to be in good standing nor will an Owner be entitled to vote at any annual or special meeting of Owners unless this requirement is first met. 2.9 Proxies. A vote may be cast in person or by proxy. A proxy given by an Owner to any person who represents such Owner at meetings of the Association shall be in writing, signed by such Owner, shall nm to a person or persons of legal age, and shall be filed with the Secretary. No proxy shall be valid after the meeting for which it was solicited, unless otherwise expressly stated in the proxy, and every proxy shall automatically cease upon sale of the Unit by its Owner. An Owner 4 - McCALL ORNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 ~q- may pledge or assign voting rights to a Mortgagee. In such case, the Mortgagee or its designated representative shall be entitled to receive all notices to which the Owner is entitled and to exercise the Owner's voting rights from and after the time that the Mortgagee shall give written notice of such pledge or assignment to the Board. Any first Mortgagee may designate a representative to attend all or any meetings of the Association. 2.10 Fiduciary and Corporate Owners. An executor, administrator, conservator, guardian or tmstee may vote, in person or by proxy, at any meeting of the Association with respect to any Unit owned or held in such capacity, whether or not the same has been transferred to such person's name; provided, however, that such person must provide the Secretary with written evidence satisfactory to the Secretary that the person is the executor, administrator, conservator, guardian or trustee, holding such Unit in such capacity. Any person voting on behalf of a Unit owned by a corporation or other entity must provide the Secretary with written evidence, satisfactory to the Secretary, that such person is the duly constituted representative thereof. 2.11 Voting by Mail or Electronic Mail. The Board may elect to hold any election or vote by mail or electronic mail, to the extent permitted by Oregon law, in accordance with the procedure outlined below. For purposes of this section, "written ballot" shall include any ballot distributed in electronic mail format. 2.11.1 In the case of an election of Board members by written ballot, then in addition to the other requirements set forth in this Section 2.1 0, the following procedures must be followed: 2.11.1.1 the existing Board members must advise the Secretary in writing of the names of proposed Board members sufficient to constitute a full board and of a date at least fifty (50) days after such advice is given by which all votes are to be received; 2.11.1.2 the Secretary, within five (5) days after such advice is given, must give written notice of the number of Board members to be elected and of the names of the nominees to all Owners; 2.11.1.3 the notice must state that any such Owner may nominate an additional candidate or candidates, not to exceed the number of Board members to be elected, by giving written notice of such nomination to the Secretary on or before a specified date which must be fifteen (15) days from the date after the notice was given by the Secretary; and 2.11.1.4 five (5) days after such specified date, the Secretary must give written notice to all Owners, stating the number of Board members to be elected, stating the names of all persons nominated by the Board and by the Owners on or before the deadline1 stating that each Owner may cast a vote by mail and stating the deadline 5 - McCALL DRNE CONDOMINIUM OWNERS ASSOCIA TJON BYLAWS PDX 1358705v3 644\0-2 3D' established by the Board by which such votes must be received by the Secretary at the address of the principal office of the Association (which must be specified in the notice) and that votes received after that date will not be effective. 2.11.2 Any action that may be taken at any millual, regular or special meeting of the Association may be taken without a meeting if the Association delivers a written ballot to every Association member that is entitled to vote on the matter. 2.11.2.1 A written ballot must set forth each proposed action and provide an opportunity to vote for or against each proposed action. 2.11.2.2 The Board must provide owners with at least ten (10) days' notice before written ballots are mailed or otherwise delivered. 2.11.2.3 If, at least three (3) days before written ballots are scheduled to be mailed or otherwise distributed, at least ten percent (10%) of the Owners petition the Board requesting secrecy procedures, a written paper ballot must be accompanied by a secrecy envelope, a retum identification envelope to be signed by the owner and instmctions for marking and retuming the paper ballot. In this instance, no electronic mail voting will be accepted. Written paper ballots that are retumed in secrecy envelopes may not be examined or counted before the deadline for retuming ballots has passed. 2.11.3 Matters that may be voted on by written ballot will be deemed approved or rejected as follows: 2.11.3.1 If approval of a proposed action otherwise would require a meeting at which a certain quomm must be present and at which a certain percentage of total votes cast is required to authorize the action, the proposal will be approved when the date for retum of ballots has passed, a quomm of Unit Owners has voted, and the required percentage of approving votes has been received. Otherwise, the proposal will be deemed to be rejected. 2.11.3.2 If approval of a proposed action otherwise would require a meeting at which a specified percentage of Owners must authorize the action, the proposal will be approved when the percentage of total votes cast in favor of the proposal equals or exceeds such required percentage. 2.11.4 All solicitations for votes by written ballot must state the following: 2.11.4.1 If approval of the proposal by written ballot requires that the total number of votes cast equal or exceed a certain quomm requirement, the number of responses needed to meet such quorum requirement; 2.11.4.2 If approval of a proposal by written ballot requires that a certain percentage of total votes cast approve the proposal, the required percentage of total votes needed for approval; and 6 - McCALL DRIVE CONDOMINIUM OWNERS ASSOClA TION BYLAWS PDX 1358705v3 64410-2 3l- 2.11.4.3 If the matter being voted on is the election of Directors to the Board, the additional items set f01ih in Section 2.10.1.4. 2.11.5 All solicitations for votes by written ballot must specify the period during which the Association will accept written ballots for counting, and a date certain on which all ballots must be returned to be counted. 2.12 Quorum. At any meeting of the Association, the presence, in person or by proxy, of Owners representing a majority of the votes shall constitute a quonllTI. The subsequent joinder of an Owner in the action taken at a meeting by signing and concurring in the minutes thereof shall constitute the presence of such person for the purpose of deternlining a quorum. When a quorum is once present to organize a meeting, it cannot be broken by the subsequent withdrawal of an Owner or Owners. If any meeting of members cannot be organized because of a lack of quorum, the members who are present, either in person or by proxy, may adjourn the meeting from time to time until a quorum is present, provided, however, that a quorum shall not be necessary to provide with and hold a binding Turnover Meeting. 2.13 Binding Vote. The vote of more than fifty percent (50%) of the total votes of the Owners present, in person or by proxy, at a meeting at which a quonllTI is constituted shall be binding upon all Owners for all purposes except where a higher percentage vote is required by law, the Declaration or these Bylaws. 2.14 Order of Business. The order of business at annual meetings of the Association shall be: (a) Calling ofthe roll and certifying of proxies; (b) Proof of notice of meeting or waiver of notice; (c) Reading of minutes of preceding meeting; (d) Reports of officers; (e) Reports of committees, if any; (f) Election of Directors; (g) Unfinished business; (h) New business; and (i) Adjournment. 7 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 3~- 3. BOARD OF DIRECTORS 3.1 Number, Term and Qualification. The affairs of the Association shall be govemed by the Board, which shall consist of either three (3) or five (5) persons as detem1ined from time to time by the Owners. Until the Turnover Meeting (as provided for in Section 2.3 of these Bylaws) shall have been held, the Board shall consist of the Directors named in the AIiicles of the Association; provided, however, that after the selection of the Transitional Committee pursuant to Section 2.2, one of the pre- turnover Directors shall be a member of the Transitional Committee (as the members of the Transitional Committee shall determine). The Declarant shall have the power to remove and replace Directors until the Turnover Meeting. At the Turnover Meeting, if three (3) directors are elected, one (1) Director shall be elected for a tenn of one (1) year, one (1) Director for a tenn of two (2) years and one (1) Director for a term of three (3) years. If five (5) directors are elected, one director shall be elected for a tenn of one (1) year, two (2) directors shall be elected to serve for a term of (2) years and two (2) directors shall be elected to serve for a term of three (3) years. At the expiration of the initial tern1 of office of each Director, the successor shall be elected to serve for a term of three (3) years. The Director shall hold office for the term herein fixed and until the Director's successors have been qualified and elected. There shall be no limit on the number of successive terms a Director may serve on the Board, if elected as herein provided. After the Turnover Meeting, all Directors shall be Owners except for the Declarant. Subsequent to the Turnover Meeting, no Director shall continue to serve on the Board after ceasing to be an Owner. For purposes of this Section 3.1, the officers of any corporation, the trustees of any trust, or the partners of any partnership that owns a Unit shall be considered co-Owners of any such Unit. 3.2 Powers and Duties. The Board shall have the powers and duties necessary for the administration of the affairs of the Association and may do all such acts except such acts which by law, the Declaration, or these Bylaws may not be delegated to the Board by the Owners. Such powers and duties of the Board shall include, without limitation (except as limited elsewhere herein) the following. 3.2.1 Operation, care, inspection, upkeep, repair, replacement and maintenance of the portions of the Condominium that are the responsibility of the Association such as all the Common Elements. 3.2.2 Determine amounts required for operation, maintenance and other affairs of the Association, and the making of such expenditures. 3.2.3 AI1l1ually conduct a reserve study, or review and update any existing study, of the Common Elements to determine the Reserve Fund requirements in accordance with ORS 100.175(4). 3.2.4 Collect Common Expenses from Owners. 8 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS pox I358705v3 64410-1 3~;' 3.2.5 Provide for the designation, hiring and removal of employees and other personnel, including lawyers and accountants, to engage or contract for the services of others, and to make purchases for the maintenance, repair, replacement, administration, management and operation of the Condominium and to delegate any such powers to the manager or managing agent (and any such employees or other personnel as may be employees of the managing agent); provided, however, that any management agreement, service contract, or employee contract entered into before the Turnover Meeting shall not be in excess of three (3) years, and shall be terminable by the Association without penalty upon not less than thirty (30) days' written notice to the other party given not later than sixty (60) days after the Tumover Meeting; and provided further, that any agreement for management services entered into after the Tumover Meeting on behalf of the Association must be terminable by the Association for cause upon not more than thirty (30) days' notice, must have a reasonable term not exceeding two (2) years, and must be renewable with the consent of the Board of Directors and the managing agent. 3.2.6 Adoption and amendment of reasonable Association Rules and Regulations pursuant to Section 7.16 of these Bylaws. 3.2.7 Maintain all Association funds in bank accounts within the State of Oregon on behalf of the Association and designate required signatories. 3.2.8 The acquisition of any and all goods and services necessary for the operation of the Condominium or for enforcement of the Declaration and these Bylaws consistent with Board-approved budgets or specially approved by the Board. 3.2.9 Maintenance and repair of any Unit, its appurtenances, and its appliances only if such maintenance or repair is reasonably necessary, in the discretion of the Board, to protect the Condominium Common Elements or preserve the appearance and value of the Condominium development and the Owner or Owners of said Unit have failed or refused to perform said maintenance or repair within a reasonable time after written notice of the necessity of said maintenance or repair has been delivered by the Board to the Owner or Owners; provided, that the Board shall levy a special assessment against the Unit and Owner or Owners of such Unit for the cost of such maintenance or repair. 3.2.10 Pay any amount necessary to discharge any lien or encumbrance which is claimed to or may, in the opinion of the Board, constitute a lien or encumbrance against the Common Elements as opposed to a particular Owner's Unit. Where one or more Owners are responsible for the existence of such a lien, they shall be jointly and severally liable for the cost of discharging it, and any costs and expenses (including comi costs and attomeys' fees, both at trial and on appeal) be specially assessed against the Owners and the Units responsible, to the extent of their responsibility. 3.2.11 Subject to Board approval, obtain and review bonds and insurance the Board deems necessary such as liability for personal injury and property damage, fidelity of Association officers' and other employees, and Directors' and Officer's liability, for the Association and the Condominium, including the Units, pursuant to the provisions of the Declaration or Bylaws. 9 - McCALL ORNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 ~4/ 3.2.12 Subject to the limitations set forth in Section 3.4, make repairs, replacements, additions and improvements to, or alterations of, the Common Elements and repairs to and restoration of the Common Elements in accordance with the Declaration or Bylaws after damage or destmction by fire or other casualty, or as a result of condemnation or eminent domain proceedings or settlement under the threat thereof; provided, that if for any reasons such repairs or restorations are provided for the Limited Common Elements appurtenant to any particular Unit, or otherwise for the benefit of particular Units or their Owners, the cost thereof shall be specially assessed against the Owners of such Units. 3.2.13 Subject to the limitations set forth in Section 3.4, borrow money on behalf of the Association when required in connection with the operation, care, upkeep, and maintenance of the Common Elements; provided, however, that no lien to secure repayment of any sum borrowed may be created on any Unit or its appurtenant interest in the Common Elements without the consent of the Owner of such Unit. The Association shall have no power to encumber the Common Elements to secure repayment of borrowed funds without the written consent of all the Owners. 3.2.14 Subject to the limitations contained in Section 9.3 of these Bylaws, adjust and settle claims under insurance policies and execute and deliver releases on settlement of such claims on behalf of all Owners, all holders of Mortgages or other liens on the Units and all Owners of any other interest in the Condominium. 3.2.15 File all appropriate income tax returns and the Annual Report with the Oregon Real Estate Agency. 3.2.16 Enforcement by legal means of the provisions of the Act, the Declaration, these Bylaws and any Association Rules and Regulations adopted hereunder. 3.3 Activities for Profit Prohibited. Nothing herein contained shall be construed to give the Board authority to conduct an active business for profit on behalf of all of the Owners or any of them. 3.4 Limitation. The Board's powers enumerated in these Bylaws shall be limited in that the Board shall have no authority to. (1) acquire and pay for out of the maintenance fund any stmctural alterations, capital additions to, or capital improvements of the Common Elements (other than for purposes of repairing, replacing or restoring pOliions of the Common Elements, subject to all the provisions of these Bylaws) requiring an expenditure in excess of an amount or amounts, aggregated for the calendar year in question, exceeding three percent (3%) of the estimated total budget of the Association for such calendar year, or (2) subject to the provisions of Section 3.2.5, enter into agreements not to be perforn1ed within two (2) years, except agreements specifically authorized in these Bylaws, without in each case the plior approval of Owners representing more than fifty percent (50%) of the votes of the Owners, present in person or by proxy at a duly called meeting for such purpose at which a quomm is constituted. 10 - McCALL ORNE CONDOMTNIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 644]0-1 35-- 3.5 Organizational Meeting. Within fourteen (14) days following the annual meeting of the Association, or following any meeting at which an election of Directors has been held, the Board shall hold an organizational meeting at such place and time as shall have been fixed by the Directors at the meeting at which the election was held. 3.6 Regular and Special Meetings. Regular meetings of the Board may be held at such time and place as shall be determined, from time to time, by a majority of the Directors. Special meetings of the Board may be called by the President and must be called by the Secretary at the written request of at least one Director. Notice of any special meeting shall be given to each Director, personally or by mail, telephone, electronic mail or other generally accepted means of communication at least seven (7) days prior to the day named for such meeting, and shall state the time, place and purpose of such meeting. All meetings of the Board shall be open to Owners. Such meetings may be conducted by telephonic communication, except that if a majority of the Units are principal residences of the occupants, then: (a) for other than emergency meetings, notice of each Board meeting shall be posted at a place or places on the property at least three (3) days prior to the meeting, or notice shall be provided by a method otherwise reasonably calculated to inform the Owners of such meeting; and (b) only emergency meetings of the Board may be conducted by telephonic communication. Although all meetings ofthe Board of Directors of the Association shall be open to Unit Owners, in the discretion of the Board the following matters may be considered in executive session: (i) consultation with legal counsel concerning the rights and duties of the association regarding existing or potential litigation, or criminal matters; (ii) personnel matters, including salary negotiations and employee discipline; and (iii) the negotiation of contracts with third parties. Except in cases of an emergency, the Board of Directors shall vote in an open meeting whether to meet in executive session. If the Board of Directors votes to meet in executive session, the presiding officer of the Board of Directors shall state the general nature of the action to be considered and, as precisely as possible, when and under what circumstances the deliberations can be disclosed to owners. The meeting and notice requirements hereof may not be circumvented by chance or social meetings or by any other means. 3.7 Waiver of Notice. Any Board member may at any time waive notice of any meeting of the Board in writing and such waiver shall be deemed equivalent to the giving of such notice. Attendance by a Board member at any meeting of the Board shall constitute a waiver of notice of the time and place thereof, except where a Director attends the meeting for the sole purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened. If all the members of the Board are present at any Board meeting, however, no notice to Directors shall be required and any business may be transacted at such meeting. I I - McCAll ORNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 3~-- 3.8 Quorum and Act of Board. At all meetings of the Board of Directors, a majority of the members thereof shall constitute a quomm for the transaction of business, and the votes of a majority of the members of the Board present at a meeting at which a quomm is present shall constitute the act of the Board. If at any meeting of the Board there shall be less than a quonllTI present, a majority of those present may adjourn the meeting from time to time. At any such adjourned meeting at which a quomm is present, any business which might have been transacted at the meeting originally called may be transacted without further notice. 3.9 Removal. At any regular or special meeting of Owners, anyone or more of the Board members may be removed with or without cause by a majority of the Owners and a successor may then and there or thereafter be elected to fill the vacancy thus created. The notice of any such meeting shall state that such removal is to be considered, and any Director whose removal has been proposed shall be given an opportunity to be heard at the meeting. 3.10 Resignation. Any Director may resign at any time by sending a written notice of such resignation to the office of the Association, addressed to the Secretary. Unless otherwise specified therein, such resignation shall take effect upon receipt thereof by the Secretary. 3.11 Vacancies. Vacancies in the Board caused by any reason other than the removal of a member thereof by a vote of the Owners shall be filled by vote of a majority of the remaining members at a special meeting of the Board held for that purpose promptly after the occurrence of any such vacancy, even though the members present at such meeting may constitute less than a quomm. Each person so elected shall be a member of the Board for the remainder of the term of the member creating such vacancy and until a successor shall be elected at the next annual meeting of the Owners. 3.12 Compensation. No Director shall receive any compensation from the Association for acting as such, but shall be reimbursed for reasonable out-of-pocket expenses. 3.13 Liability and Indemnification of Directors, Officers, Manager or Managing Agent. The Directors and officers shall not be liable to the Association or the Owners for any mistake of judgment, negligence, or otherwise except for their own willful misconduct or bad faith. The Association shall indemnify and hold harn1less each Director and officer and the manager or managing agent on behalf of the Association unless such contract shall have been made in bad faith or contrary to the provisions of the Declaration or of these Bylaws. Each 12 - McCALL ORNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS pox 1358705v3 64410-2 31" Director and officer and the manager or managing agent, if any, shall be indemnified by the Association against all expenses and liabilities, including attorneys' fees, reasonably incurred or imposed upon them in connection with any proceeding to which they may be a party, or which they may become involved by reason of being or having been a Director, officer, manager or managing agent and shall be indemnified upon any reasonable settlement thereof; provided, however, there shall be no indemnity if the Director, officer, manager or managing agent is adjudged guilty of willful nonfeasance, misfeasance or malfeasance in the performance of their duties. As to any manager or managing agent this Section shall only be applicable to third party tort claims up to the amount of the Association's liability insurance coverage and shall not in any way apply to contractual liability or obligations under the management contract. 3.14 Fidelity Bonds. The Board shall require that any person or entity, including, but not limited to, employees of any professional manager, who handles or is responsible for Association funds, shall furnish a fidelity bond as the Board deems adequate. The premiums on such bonds shall be paid by the Association. 3.15 Insurance. The Board of Directors shall comply with the insurance requirements in Section 9 of these Bylaws. In addition, the Board, in its discretion, may obtain such other insurance as it deems necessary to protect the interests of the Association, Board or Owners. Not less frequently than once every two (2) years, the Board must cause the managing agent to conduct a full insurance review, estimate the full replacement value of the improvements contained in the Condominium, and modify the insurance coverage, as needed, if it has been more than twelve (12) months since the last such review. 3.16 Special Committees. The Board by resolution may designate one or more special committees, each committee to consist of two (2) or more Owners which, to the extent provided in said resolution, shall have and may exercise the powers set forth in said resolution. Such special committee or conunittees shall have such name or names as may be detern1ined from time to time by the Board. Such special committees must keep regular minutes of their proceedings and report the same to the Board when required. The members of such special committee or committees designated shall be appointed by the Board or the President. The Board or the President may appoint Owners to fill vacancies on each of said special committees occasioned by death, resignation, removal, or inability to act for any extended period of time. 4. OFFICERS 4.1 Designation. The principal officers of the Association shall be the President, Secretary, and Treasurer, each of whom shall be elected by the Board. The Board of Directors may appoint other officers 13 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX 1358705v3 64410-2 :5~/' as in its judgment may be desirable. All officers must be Owners, or members of their family, fiduciaries, beneficiaries or Mortgagees (and in the case of Units owned by corporations or partnerships, the offices may be held by Directors, officers, shareholders, partners or employees of such organizations). 4.2 Election. The officers of the Association shall be elected annually by the Board at the organization meeting of each new Board of Directors and shall hold office at the pleasure of the Board and until their successors are elected and qualified. If any office shall become vacant, the Board shall elect a successor to fill the unexpired tenn at any regular Board meeting, or at any special meeting of the Board called for such purpose. 4.3 Removal. Upon the affim1ative vote of a majority of the Board, any officer may be removed, either with or without cause, and a successor may be elected at any regular Board meeting or at any special Board meeting called for such purpose. 4.4 President. The President shall be the chief executive officer of the Association. The President shall preside at all meetings of the Owners and of the Board and shall have all of the general powers and duties which are usually incident to the office of the chief executive officer of an association, including, but not limited to, the power to appoint committees from time to time as may, in the President's discretion, be appropriate to assist in the conduct of the affairs of the Association. 4.5 Secretary. The Secretary shall keep minutes of all proceedings of the Board and minutes of all Association meetings. The Secretary shall attend to the giving and serving of all notices to the Owners and Directors and other notices required by law. Association records shall be kept by the Secretary, except for those of the Treasurer. The Secretary shall perform all other duties incident to the office of secretary of an association and as may be required by the Directors or the President. In addition, the Secretary shall act as Vice President, taking the place of the President and perfom1ing such duties whenever the President is absent or unable to act, unless the Directors have appointed a Vice President. 4.6 Treasurer. The Treasurer shall be responsible for Association funds and securities and shall be responsible for supervising the managing agent and causing the same to keep full and accurate financial records and books of account showing all receipts and disbursements necessary for the preparation of all required financial statements. The Treasurer shall review the repOlis and statements provided by the managing agent with respect to the deposit of all funds and other valuable effects in such depositories as may from time to time be designated by the Board, and the disbursement of Association funds in accordance with the approved Association budget and 14 - McCALL DRNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX 1358705v3 64410-2 3q- any special authorizations from the Board for unbudgeted items. The Treasurer shall in general perform all other duties incident to the office of treasurer of an association and such other duties as may be assigned by the Board. The Treasurer shall cause all assessments to be deposited in a separate bank account in the name of the Association and all expenses of the Association to be paid from that account. 4.7 Execution oflnstruments. All agreements, contracts, deeds, leases and other instmments of the Association, except checks, shall be executed by such person or persons as may be designated by general or special resolution of the Board and, in the absence of any general or special resolution applicable to any such instmment, then such instmment shall be signed by the President. All checks for less than Two Thousand Four Hundred Ninety~Nine Dollars ($2,499.00) may be signed by the managing agent or any duly elected officer of the Association. All checks of Two Thousand Five Hundred ($2,500.00) or more shall require the signatures of at least two (2) authorized signatories. 4.8 Compensation of Officers. No officer who is a member of the Board, other than the Secretary and Treasurer, shall receive any compensation from the Association for acting as an officer, unless such compensation is authorized by a resolution duly adopted by the Owners. The Board may fix any reasonable compensation to be paid to the Secretary, Treasurer and any officers who are not also Directors. 5. BUDGET, EXPENSES AND ASSESSMENTS 5.1 Budget. The Board shall from time to time, but in no event less frequently than once every twelve (12) months, prepare a budget for the Association, estimate the Common Expenses expected to be incurred, less any previous over-assessment, and assess the ConmlOn Expenses to each Owner in the method as set forth below. The budget shall reflect comparable figures for the prior year as to all items therein. Except as otherwise provided herein, the Board shall advise each Owner in writing of the amount of Common Expenses payable by that Owner, and furnish copies of each budget and amended budget on which such Common Expenses are based to all Owners and, if requested, to their Mortgagees, at least fourteen (14) days prior to the annual meeting of the Association. Failure to deliver a copy of any budget or amended budget to each Owner shall not affect the liability of any Owner for any such assessment. Nothing herein contained shall be constmed as restricting the right of the Board to, at any time, in their sole discretion, levy any additional assessment in the event that the budget originally adopted shall appear to be insufficient to pay costs and expenses of operation and management, or in the event of emergenCIes. 15 - McCALL ORNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS pox 1358705v3 64410-2 ;{O-' 5.2 Reserve Fund. 5.2.1 Declarant shall establish, in the name of the Association, a Reserve Fund for major repairs and replacements of Common Elements (including roofs and party walls) of the Association. As required by ORS 100.175, a Reserve Fund shall be established for the replacement of any Common Elements, all or part of which will norn1ally require replacement in more than three (3) and less than thirty (30) years. 5.2.2 The determination of Common Expenses under Section 5.3 will be calculated on the basis of expected repair and replacement costs and the life expectancy of the items comprising the Common Elements of the Association such that the amount of the Reserve Fund is reasonably calculated to provide sufficient funds for major repair and replacement of the Common Elements of the Association. 5.2.3 The Association will administer the Reserve Fund and the amount of the payments in the Reserve Fund must be adjusted at least millually to recognize changes in current replacement costs over time. The Board of Directors of the Association annually must conduct a reserve study, or review and update an existing study, of the Common Elements to determine the Reserve Fund requirements. The reserve study must include: (a) identification of all items for which reserves are to be established; (b) the estimated remaining useful life of each item as of the date of the reserve study; (c) an estimated cost of maintenance, repair or replacement of each item at the end of its useful life; and (d) a 30-year plan for the maintenance, repair and replacement of COnID10n Elements and Association property with regular and adequate contributions, adjusted by estimated inflation and interest earned on reserves, to meet the maintenance, repair and replacement schedule. The 30-year plan shall be appropriate for the size and complexity of the Common Elements and Association Property and address issues that include but are not limited to warranties and the useful life of the Common Elements and Association Property. Within 30 days after conducting the reserve study, the Declarant or the Board of Directors, as applicable, shall provide a wlitten smlli11ary of the reserve study and any revisions made to the 30-year plan as a result of the reserve study. 5.2.4 From the date of conveyance of the first unit in the Condominium, the Declarant shall pay Reserve Fund assessments due on all unsold Units. The Declarant shall be allowed to accme the portion of any assessments for the Reserve Fund until the earlier of (a) the date the Unit is conveyed, (b) the date of the Turnover Meeting, or (c) the date when the Owners other than the Declarant assume administrative control of the Association. The Declarant shall maintain a record of the amount Declarant owes for such accmed Reserve Fund assessments as a part of the financial books and records of the Association. At the time of closing of the initial sale of each Unit, the purchaser shall make the initial contribution to the Reserve Fund equal to two (2) months of Association Reserve Fund assessments for the Unit. In addition, the Declarant shall pay all accmed assessments for the Reserve Fund, if any. At or prior to the Turnover Meeting, the Declarant shall transfer the amount of the Reserve Fund to the Association for deposit in a segregated fund. 16 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 4-// 5.2.5 Assessments paid into the Reserve Fund are the property of the Association and are not refundable to the Owner or Owners of a Unit upon the sale of any Unit owned by them. 5.2.6 Following the second year after the Turnover Meeting, the Association may, on an annual basis, elect not to fund the Reserve Fund by unanimous vote of the Owners, or elect to reduce or increase future assessments for the Reserve Fund by an affirmative vote of at least 75% of the Owners. 5.2.7 Any funds set up for any of the purposes mentioned in this Section will be deemed to be a Reserve Fund notwithstanding that may not be so designated by the Board. The amount of the Reserve Fund must be distributed to the Owners on termination of the Condominium and the Association. 5.2.8 The Reserve Fund is to be used only for maintenance, repair and replacement of Common Elements for which reserves have been established and is to be kept separate from other funds. However, after the Turnover Meeting, the Board may borrow funds from the Reserve Fund to meet high seasonal demands on the regular operating funds or to meet other temporary expenses that will later be paid from special assessments or maintenance fees. 5.3 Determination of Common Expenses. Except as otherwise provided herein, Common Expenses shall include but not be limited to. 5.3.1 Expenses of administration. 5.3.2 Cost of insurance or bonds obtained in accordance with these Bylaws. 5.3.3 A general operating fund ("Operating Fund"). 5.3.4 A Reserve Fund for replacement of General Common Elements as required by the Oregon Condominium Act and as more fully described in Section 5.2 of these Bylaws. 5.3.5 Any deficit in Common Expenses for any prior period, and any accmed interest or late charges thereon. 5.3.6 Utilities for the Common Elements and other utilities not separately metered or charged. 5.3.7 Expenses, if any, of any services of any person or firm to act on behalf of the Owners in connection with any matter where the respective interests of the Owners are deemed by the Board to be similar and non-adverse to each other. 5.3.8 Fees for professional management services. 17 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 J{~- 5.3.9 Cost of maintenance, repair and replacement of all the Common Elements, provided that if such repairs, maintenance, or replacement are for the benefit of particular Units or their Owners, the cost thereof shall be specially assessed against the Owners of such benefited Units as reasonably and uniformly detennined by the Board. 5.3.10 Any other materials, supplies, labor, services, maintenance, repairs, alterations or assessments which the Board is required to secure or pay for, pursuant to the tenns of the Declaration or these Bylaws or that in its opinion are necessary or proper for the maintenance and operation of the Condominium or for the enforcement of these restrictions, and which the Board detemlines should be assessed to the Owners under Section 5.3. 5.3.11 The discharge of any lien or encumbrance against the Common Elements, as opposed to a particular Owner's Unit. Where one or more Owners are responsible for the existence of such lien or encumbrance, they shall be jointly and severally liable for the cost of discharging it, which cost shall be specifically assessed to the responsible Owners. 5.3.12 Any other items properly chargeable as an expense of the Association. 5.3.13 Maintenance and repair of any Unit if the Board of Directors determines that the Owner of a Unit has failed or refused to perform such maintenance or repair in accordance with Section 16.2 of the Declaration within a reasonable time after written notice of the necessity of such maintenance or repair delivered by the Board of Directors to such Owner, provided that the Board of Directors may levy a special assessment against such Owner for the cost of such maintenance or repair. 5.4 Assessment of Common Expenses. All Owners shall be obliged to pay on a monthly basis in advance Common Expenses assessed to them by the Board of Directors on behalf of the Association pursuant to these Bylaws and the Declaration, including amounts applicable to the Reserve Fund described in Section 5.2 of these Bylaws. Assessments may not be waived due to limited use or nonuse of Common Elements and no Owner may claim an offset against assessments for failure of the Board of Directors to perfoffil its obligations. The Declarant shall be assessed as the Owner of any unsold Unit from the date of conveyance of the first Unit. The Declarant's assessment obligations shall be prorated to the date of sale of each Unit. Assessments shall commence in accordance with Section 5.2.4 and 5.5 of these Bylaws. At the time of closing of the initial sale of each Unit, the purchaser shall make the contribution described in Section 5.5 to the Operating Fund. The Board of Directors, on behalf of the Association, shall assess the Common Expenses against the Owners from time to time, and at least annually, and shall take prompt action to collect from an Owner any Common Expense due which remains unpaid by him for more than thirty (30) days from the due date for its payment (except as provided above for the Declarant). 5.5 Operating Fund. The Declarant shall establish in the name of the Association an Operating Fund for the Association. At the time of closing of the initial sale of each Unit, the purchaser shall make an 18 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 ~~/ initial contribution to the Operating Fund equal to two (2) months of Association assessments for the Unit. As provided in the Act, the Declarant may elect to defer commencement of all or part of the Cormnon Expense assessments for the Operating Fund as to all Units and pay the Common Expenses directly as they accme to the Condominium until the date of the Turnover Meeting or ten (10) days after notice from the Declarant that assessments will commence, whichever is first to occur. During the period of administrative control described in Section 22 of the Declaration, the Declarant shall not use any funds contained in the Operating Fund to defray the Declarant's expenses, contributions to reserves, or constmction costs, or to compensate for any deficits in the operating budget of the Condominium. 5.6 Contingency Fund. The Board may also build up and maintain a reasonable reserve for contingencies and replacements not covered by subparagraph 5.4.2 above. Extraordinary expenditures not originally included in the annual estimate which may become necessary during the year may be charged against such reserve. If the estimated cash requirement proves inadequate for any reason, including non-payment of any Owner's assessment, the Board may at any time levy a further assessment of common expenses. The Board shall serve notice of such further assessment on all Owners by a statement in writing giving the amount and reasons therefore, and such further assessments shall be effective with the first quarterly assessment of Common expenses which is due more than ten (10) days after the delivery or mailing of such notice of further assessment. 5.7 Special AssessmeQts. The expense of any action by the Association to enforce and fulfill the requirements of these Bylaws or the Declaration with respect to any Unit and its associated Limited Common Elements shall be charged to said Owner as a special assessment. Any such special assessment shall be a lien against the Owner's Unit with the same force and effect as if the charge were a part of the ordinary assessments of Common Expenses attributable to the Owner's Unit. 5.8 Statement of Common Expenses. In accordance with ORS 100.480(4), the Board must within ten (10) days of an Owner's written request provide any Owner a written statement of that Owner's due and unpaid assessments as of the time the request was received including but not limited to (i) regular and special assessments, (ii) fines and other charges, (iii) accmed interest and the method used to calculate it, and (iv) late payment charges and the method used to calculate it. The Association need not provide such a statement if the Association has commenced litigation by filing a complaint against the Owner and the litigation is pending when the statement would otherwise be due. 5.9 Default in Payment of Common Expenses. 5.9.1 In the event of delinquency or default by any Owner in paying to the Association the assessed Common Expenses (including but not limited to reserve assessments or 19 - McCALL ORNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX 1358705v 3 64410-2 t/4~ any special assessments), such Owner will be obligated to pay interest on such Common Expenses from the due date thereof, at the rate of eighteen percent (18%) per annum or the maximum legal rate of interest pennitted by Oregon law, whichever is less, together with all expenses, including attorneys' fees, whether or not legal proceedings are commenced and both at trial and on appeal incurred by the Association in collecting such unpaid expenses together with all expenses, including attorneys' fees, incurred by the Association in any proceeding brought to collect such unpaid expenses, no interest or late charges will be assessed on delinquent Common Expenses paid within fifteen (15) days after the due date thereof. 5.9.2 The Board may also establish and impose charges for late payments of assessments, attorney fees for collection of assessments and, after giving notice and an opportunity to be heard, levy reasonable fines for violations of the Declaration, Bylaws, and Rules and Regulations, provided that any such charge or fine is based on a schedule set forth in resolution adopted by the Board or the Association that is delivered to each Unit or mailed to each owner and the address designated by each owner for the receipt of any notice with respect to the Condominium. 5.9.3 The Board has the right and duty to recover for the Association such Common Expenses, together with interest thereon, late charges, if any, and expenses of the proceeding, including attorneys' fees, by an action brought against such Owner or by foreclosure of the lien upon the Unit granted by the Act. The Board must notify the holder of any first mortgage upon a Unit of any default not cured within thirty (30) days of the date of notice of default. 5.10 Delinquent Assessment Deposit. 5.1 0.1 An Owner may be required by the Board, from time to time, to make and maintain a deposit of not less than one (1) month's nor in excess of three (3) months' estimated monthly assessments and charges, which may be collected in the same maImer as other assessments and charges. Such deposit shall be held in a separate fund, be credited to the Unit owned by such Owner, and be for the purpose of establishing a reserve for delinquent assessments. 5.10.2 Resort may be had against the deposit at any time when such owner is ten (10) days or more delinquent in paying his monthly or other assessments and charges. Such deposits shall not be considered as advance payments of regular assessments. In the event the Board should draw upon such deposit as a result of an Owner's delinquency in payment of any assessments, such Owner shall continue to be responsible for the immediate and full payment of such delinquent assessment (and all penalties and costs related thereto) and thus the full restoration of such deposit, and the Board shall continue to have all of the rights and remedies for enforcing such assessment payment and deposit restoration as provided by this Declaration and by law. 5.10.3 Upon the sale of a Unit, the Seller/Owner thereof shall not be entitled to a refund from the Association of any deposit or reserve account made or maintained with respect to such Unit pursuant to this or any other Section of this Declaration; rather, any such deposit or 20 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v 3 644 I 0-2 4-5 - reserve account shall continue to be held by the Association for the credit of such Unit, the Unit purchaser shall succeed to the benefit thereof, and the Unit seller shall be responsible for obtaining from the purchaser appropriate compensation therefor. 5.11 Acceleration of Assessments. In. the event any monthly assessment attIibutable to a particular Unit remains delinquent for more than sixty (60) days, the Board may, upon fifteen (15) days written notice to the Owner of such Unit, accelerate and demand immediate payment of all, or such portion as the Board determines, of the monthly assessments and other charges which the Board reasonably detennines will become due during the next succeeding twelve (12) months with respect to each Unit. 5.12 Foreclosure of Liens for Unpaid Common Expenses. In any action brought by the Association to foreclose a lien on a Unit because of unpaid Common Expenses, the Owner shall be required to pay a reasonable rental for the use of the Unit during the pendency of the suit, and the plaintiff in sllch foreclosure suit shall be entitled to the appointment of a receiver to collect sllch rental. The Board, acting on behalf of the Association, shall have the power to purchase such Unit at the foreclosure sale and to acquire, hold, lease, mortgage, vote the votes appurtenant to, convey, or otherwise deal with the Unit. An action to recover a money judgment for unpaid common expenses shall be maintainable without foreclosing any lien securing the same. The remedies provided herein are cumulative, and the Association may pursue any of them, as well as any other remedies which may be available under law, although not expressed herein. 5.13 Lien Priority. Any lien of the Association against a Unit for Common Expenses shall have the priority provided in the Act in relation to other tax and assessment liens, and any prior Mortgage or Trust Deed of record. 5.14 First Mortgages; Liability of Subsequent Owner. Any lien of the Association against a Unit for Common Expenses shall be subordinate to tax and assessment liens and any first Mortgage of record, unless there has been compliance with all requirements of Section 100.450(7) of the Act. Where the purchaser or Mortgagee of a Unit obtains title to the Unit as a result of foreclosure of a first Mortgage or by deed in lieu offorec 1 osure, such purchaser or Mortgagee and his successors and assigns sha II not be liable for any of the common expenses chargeable to such Unit which became due prior to the acquisition of title to such Unit by such purchaser or Mortgagee except to the extent provided in Section 100.475(2) of the Act; provided, in the case of a deed in lieu of foreclosure, that the Mortgagee complies with the requirements of Section 100.465(1) of the Act; and provided further, that any sale or transfer of a Unit pursuant to a foreclosure shall not relieve the purchaser or transferee of such Unit from liability for, nor sllch Unit from the lien of, any common expenses thereafter becoming due. In a voluntary conveyance of a Unit, the grantee shall be jointly and severally 21 - McCALL DRNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX I358705v3 644\ 0-2 ;f&" liable with the grantor for all unpaid assessments against the grantor of the Unit to the time of grant of conveyance, without prejudice to the grantee's right to recover from the grantor the amounts paid by the grantee therefor. However, upon request of a prospective purchaser, the Board of Directors shall make and deliver a statement of the unpaid assessments against the prospective grantor of the Unit, and the grantee in such case shall not be liable for, nor shall the Unit when conveyed be subject to, a lien filed thereafter for any unpaid assessments against the grantor in excess of the amounts therein set forth. 5.15 Liability of Owners. An Owner shall be liable for the expenses of any Common Element maintenance, repair or replacement rendered necessary by that Owner's act, neglect or carelessness or by that of any member of the Owner's family, or the Owner's guests, employees, invitees, agents or lessees, but only to the extent that such expense is not met by the proceeds of insurance carried by the Association. Nothing herein contained, however, shall be constmed so as to modify any waiver by insurance companies of rights of subrogation. The expense of any maintenance, repair or replacement required, as provided herein, shall be charged to said Owner as a specific item, which shall be a lien against such Owner's Unit with the same force and effect as if the charge was a part of the nom1al Common Expenses attributable to such Owner's Unit. 5.16 Violation by Owners; Remedies. Subject to any limitations contained in the Declaration, the violation of any mle or regulation adopted by the Board, or the breach of any covenant or provision contained in the Declaration or the Bylaws shall give the Board the rights set forth in the Declaration and the right: (i) to enter upon that part of the Condominium where such violation or breach exists and summarily abate and remove, at the expense of the defaulting Owner, any stmcture, thing or condition that may exist thereon contrary to the intent and meaning of the provisions hereof, and the Board or its agents shall not thereby be deemed guilty in any manner of trespass and (ii) to enjoin, abate or remedy by appropriate legal proceedings the continuance of any breach. All expenses of the Board in cOlmection with such violation and such action or proceedings, including engineering, architectural and other professional fees and costs, court costs and attomeys' fees and any other fees and expenses, and all damages, liquidated or otherwise, together with interest thereon until paid at the rate provided in Section 5.10 of these Bylaws, shall be charged to and assessed against such defaulting Owner and shall be added to and deemed part of that Owner's respective share of the Common Expenses. The Board shall have a lien for all of the same upon the Unit of such defaulting Owner and upon all of his additions and improvements thereto and upon all personal prope11y in that Owner's Unit or located elsewhere in the Condominium. Any and all of such rights and remedies may be exercised at any time and from time to time, cumulatively or otherwise, by the Board. Any violations by an Owner of the Declaration, Bylaws, or Association Rules that are deemed by the Board to be a hazard to public health or safety may be con-ected immediately as an emergency matter by the Association, and the cost thereof shall be charged to the offending Owner as a specific item, which shall be a lien against the offending Owner's Unit with the same force and effect as if the charge was a part of the normal Common Expenses attributable to such Unit. Any violation or breach by an Owner's 22 - McCALL DRNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS pox \358705v3 64410-2 41~ tenant, occupant, agent, invitee, licensee or employee shall be deemed a violation or breach of the owner. 5.17 No Waiver. The failure of the Association or of an Owner to enforce any right, provisions, covenant or condition, which may be granted by any of the provisions of the Declaration, the Bylaws, or any Association Rules, shall not constitute a waiver of the right of the Association or Owner to enforce such right, provision, covenant or condition in the future. The receipt by the Board of payment of any assessment from an Owner, with knowledge of any such violation or breach, shall not be deemed a waiver of such violation or breach; and no waiver by the Board or any provision hereof shall be deemed to have been made unless expressed in writing and signed by the Board. This Section also extends to the Declarant or Declarant's managing agent exercising the power of the Board dming the initial period of operation of the Association and the Condominium. 6. RECORDS AND AUDITS 6.1 General Records. The Board and managing agent shall keep detailed records of the actions of the Board and managing agent and minutes of Board and Association meetings. The Board shall maintain a list of Owners entitled to vote at Association meetings and a list of all Mortgagees of Units. The Board shall maintain, at the office of the Association, a copy suitable for duplication of the following: the Declaration, the Bylaws, any Rules and Regulations and any amendments thereto, the most recent annual financial statement of the Association, the current operating budget of the Association, and any other documents required by the Act to be so maintained. Such documents shall be made reasonably available for inspection and duplication by Owners, Mortgagees, and prospective purchasers of Units upon written request therefrom. All Association documents and records shall be maintained within the State of Oregon at all times. 6.2 Records of Receipts and Expenditures. The Board or its designee shall keep detailed, accurate records in chronological order of receipts and expenditures affecting the Common Elements, itemizing maintenance and repair expenses of the Common Elements and any other expenses incurred. Such records and the budgets authorizing the payments shall be available for examination by the Owners and Mortgagees during nOffi1al business hours. 6.3 Assessment Roll. The assessment roll shall be maintained in a set of accounting books in which there shall be an account for each Unit. Such account shall designate the name and address of the Owner or Owners of each Unit, the amount of each assessment against each Owner, the dates and amounts in which the assessment comes due, the amounts paid upon each Owner's account and each Owner's balance due on the assessments. 23 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX I 358705v 3 64410-2 t/g- 6.4 Common Expense Payment Records. Subject to the signature requirements set forth in Section 4.7, the managing agent shall pay all budgeted Common Expenses without further authorization by the Association. Any unbudgeted Common Expenses shall require the President's signature on a written authorization voucher to the managing agent before payment of the same by the managing agent. Unless requested more frequently, the managing agent shall be required to provide quarterly reports of the payments made by it on behalf of the Association. 6.5 Annual Reports and Audits. An annual financial statement of the Association, consisting of at least a balance sheet and income and expense statement for the preceding fiscal year, shall be rendered by the Board and delivered to all Owners and to all Mortgagees of Units who have requested the same, within ninety (90) days after the end of each fiscal year. The Treasurer of the Association shall file required state and federal tax returns based upon the arumal financial statements. An Almual Report shall be filed each year with the Oregon Real Estate Agency as required under ORS 100.415(13), 100.250(b) and 100.260(2). At any time any Owner or Mortgagee may, at their own expense, cause an audit or inspection to be made of the books and records of the Association. 6.6 Notice of Sale, Mortgage, Rental or Lease. Immediately upon the closing of any sale, mortgage, rental or lease of any Unit, the Owner shall promptly inform the Secretary or managing agent of the name and address of the purchaser, mortgagee, lessee, or tenant. The foregoing notification requirement is in addition to that set forth in Section 1.7 of the Declaration regarding notification to the Board of any contemplated sale or lease of a Unit. 7. OCCUPATION AND USE 7.1 Generally. . The Condominium is intended solely for residential use. The Units may be used only in a manner appropriate to maintain the Condominium's status as a residential condominium on an ownership, rental, or lease basis, and for social, recreational, or other reasonable purposes normally incidental to residential use. Units may be used for accessory home businesses subject to Board approval of the business as compatible with the residential character of the Condominium, such approval to not be unreasonably withheld, conditioned or delayed. The Unit Owner must also satisfy any local govenunental requirements for, or restrictions upon, an accessory home business use of their Unit. Units may be used for operating the Association and for management of the Condominium. Units may only be leased in accordance with and to the extent allowed by Section 7.2 of the Bylaws. 7.2 Leasing or Renting of Units. 24 - McCALL DRIVE CONDOMfNlUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 tfq,- 7.2.1 No Unit may be rented or leased for transient or motel or hotel lodging purposes which is defined as occupancy that has any of the following characteristics: (a) occupancy is charged on a daily, weekly or other less than monthly periodic basis except for Occasional Vacation Rentals pe1ll1itted hereunder; (b) any service nonnally offered by hotels or motels, including but not limited to, regular maid and linen service, a front desk located within or without the Condominium, telephone switchboard service or other telephone service which is part of a system serving more than one Unit or is networked with other Units or lodging facilities within or without the Condominium; and (c) occupancy is available through a third party property management agent or other person who is responsible for reservation arrangements and other duties relating to the renting or leasing of a Unit or by any other means that constitutes an invitation to the general public to seek occupancy for lodging that has any characteristics specified in (a) and (b) of this Section. 7.2.2 For purposes of these Bylaws, the term "leasing" or "renting" a Unit means the granting of a right to use or occupy a Unit, for a specified term (including any renewal or extension options not to exceed twenty (20) years) or an indefinite te1ll1 (with rent reserved on a periodic basis), in exchange for the payment of rent (that is, money, property or other goods or services of value), but does not mean or include joint ownership of a Unit by means of joint tenancy, tenancy-in-common or other fonn of co-ownership. 7.2.3 No Unit may be rented or leased for less than thirty (30) consecutive days except for occasional vacation rentals by an Owner ("Occasional Vacation Rentals"). Nothing in this subsection is intended to prohibit an Owner from occasionally renting such Owner's Unit provided such rental is not: (a) for transient or motel or hotel lodging in violation of this Section, or (b) part of a continuing pattern of business operation. The Board may, by resolution, adopt reasonable mles to govelll Occasional Vacation Rentals. 7.2.4 No Unit may be rented or leased for a term of more than thirty (30) consecutive days if such rental or lease results in more than thirty percent (30%) of the Units, excluding Occasional Vacation Rentals, ("Rental-Lease Ratio") being occupied by non-Owners. No reduction of the Rental-Lease Ratio may affect any rights of any occupant of a Unit under an existing lease or rental agreement. Except for lease renewal or sublease, an Owner must apply to the Board for permission in accordance with this Section 7 prior to renting or leasing his or her Unit for other than for a pern1itted Occasional Vacation Rental. The Rental-Lease Ratio leasing restriction shall not apply to any Units owned by the Declarant. That is, the Declarant may rent or lease any number of the Units owned by Declarant at any time, without applying to the Board for pennission and without the need to comply with the Rental-Lease Ratio. Until such time as the Declarant no longer owns any Units, the Board shall not consider any of the Units owned by Declarant in detel111ining the Rental-Lease Ratio. The Rental-Lease Ratio leasing restriction shall not apply to any Units owned by any Owner who took title to its Unit pursuant to a deed in lieu of foreclosure or by an actual foreclosure sale ("Owner by Foreclosure"). That is, an Owner by Foreclosure may rent or lease any number of the Units owned by such Owner by Foreclosure at any time, without applying to the Board for pennission and without the need to comply with the Rental-Lease Ratio. The Board shall not consider any of the Units owned by the Owner by Foreclosure in determining the Rental-Lease Ratio. 25 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX 1358705v3 64410-2 5D~ 7.2.5 Except as provided in this subsection, no trade, craft, business, profession, commercial or similar activities of any kind may be conducted in any Unit or in any other pOliion of the Condominium without the written consent of the Board, pursuant to mles and regulations adopted consistent with the provisions of this Section. Nothing in this Section may be constmed so as to prevent or prohibit: (a) subject to this Section 7.2, activities relating to the rental, lease or sale of Units; (b) an Owner from maintaining his or her professional personal library, keeping his or her personal business or professional records or accounts, handling his or her personal business or professional telephone calls, or conferring with business or professional associates, clients, or customers, in such Owner's Unit; or (c) use ofa Unit as a "home office." 7.2.6 If any tenant or occupant of a Unit violates or permits the violation by his guests and invitees of any provisions hereof or of the Bylaws or of the Rules and Regulations, and the Board determines that such violations have been repeated and that a prior notice to cease has been given, the Board may give notice to the tenant or occupant of the Unit to forthwith cease such violations; and if the violation is thereafter repeated, the Board will have the authority, on behalf of and at the expense of the Owner, to evict the tenant or occupant. The Board will have no liability to an Owner or tenant for any eviction made in good faith. The Association will have a lien against the Owner's Unit for any costs for any costs incurred by it in connection with such eviction, including reasonable attorney's fees, which may be collected and foreclosed by the Association in the same manner as assessments are collected and foreclosed under Section 5. As used herein, the tenn "lease" includes any lease, rental agreement or other occupancy arrangement, however denominated. Other than as stated in this Section, there is no restriction on the right of any Owner to lease or otherwise rent his Unit. 7.2.7 Application for Permission to Lease or Rent Procedure. 7.2.7.1 Except as otherwise expressly provided herein and subject to Section 7.2.1 and 7.2.4 prior to renting or leasing his or her Unit for other than Occasional Vacation Rental pemlitted hereunder or, an Owner (other than the Declarant or an Owner by Foreclosure) must apply to the Board for pemlission. 7.2.7.2 Applications for permission to rent or lease for other than Occasional Vacation Rental will be reviewed and approved or denied by the Board as provided in this Section. 7.2.7.3 The Board will review applications for pernlission to rent or lease in chronological order based on the date of receipt. Within five (5) business days of receipt, the Board will approve an application unless such approval would cause more Units to be rented or leased than is penllitted under the Rental-Lease Ratio; however, the Board may not approve an application if at the time of review of the application the approval would result in permitting the Owner to rent or lease more Units than any other Owner who has submitted an application until the applications of such other Owner has been approved. The Board must notify an Owner within five (5) business days of receipt of an application if pernlission is not given and the reason for the denial. 26 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLA WS PDX 1358705v3 64410-1 51/' 7.2.7.4 If an application is denied, the Board must place the Owner on a waiting list according to the date the application was received so that the Owner whose application was earliest received will have first opportunity to rent or lease when the number of Units rented or leased falls below the Rental-Lease Ratio threshold; however, an Owner who is cunently renting or leasing a Unit must be placed on the waiting list after Owners who are not cunently renting or leasing a Unit and after any Owner who is cun-entlY renting or leasing fewer Units than the applicant. 7.2.7.5 Once the Rental-Lease Ratio threshold has been reached (such threshold not to include any Units owned and/or leased by the Declarant or an Owner by Foreclosure), any time the number of Units rented or leased falls below such threshold, the Board will notify the Owner who is first on the waiting list that Owner's application will be approved unless Owner requests in writing that Owner's application be withdrawn. 7.2.7.6 All Owners of Units must provide the Board with a Statement of Unit Occupancy Information which must be kept on file with the books and records of the Association so that the Association may detem1ine the percentage of Units rented or leased. The Statement of Unit Occupancy Infom1ation must be kept cun-ent by the Owner, be on a form prescribed by resolution of the Board, and contain a statement of whether or not the Unit is occupied by the Owner and if not, the following information: (i) the name of the renter, lessee or sublessee; and (ii) the term of the rental, lease or sublease. 7.2.7.7 If an Owner, other than the Declarant or an Owner by Foreclosure, fails to submit the application required under this subsection and rents or leases his or her Unit, or rents or leases his or her Unit after the Board has denied a properly submitted application due to the then cun-ent Rental-Lease Ratio, the Board may assess fines against the Owner and the Owner's Unit after notice and an opportunity to be heard, and may seek other available legal remedies, including but not limited to, a request to the appropriate court for mandatory removal of the tenant or lessee from the Unit. All remedies of the Association are cumulative. Any and all costs of such enforcement action, together with attomey fees at trial or on any appeal, may be assessed against the Unit pursuant to Section 5. 7.2.7.8 The Board may adopt mles prescribing the form of the application and waiting list required by this subsection and such other rules as it detennines necessary to implement the requirements of this Section. 7.2.8 Rental and Lease Agreements for Other than Occasional Vacation Rental; Compliance with Declaration and Bylaws. Except for Occasional Vacation Rentals pennitted hereunder, all agreements for the rental or lease (including sublease) of Units and all Owners, renters, lessees and sublessees of Units must comply with this Section. 7.2.8.1 All rentals and leases, including subleases, of Units must be by written agreement which provides that the tem1S of the agreement are subject in all 27 - McCAll DRNE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX 1358705v3 64410-2 5::;/ respects to the provisions of the Declaration, these Bylaws, Association Rules, and the Condominium Act and that any failure by the tenant, lessee or sublessee to comply with the tenns of such documents or Condominium Act is a default under the agreement. 7.2.8.2 The Owner must provide the tenant or lessee (including sublessee) of the Unit a copy of this Declaration, the Bylaws, including any relevant amendments to such documents, and all Association Rules and in effect during the period of such rental or lease and obtain a receipt for delivery of such documents. 7.2.8.3 Upon the commencement of the rental or lease period (including any renewal or sublease), the Owner must provide the Association a statement of Unit occupancy infomlation and a copy of the receipt specified in paragraph (b) of this Section. If the Owner fails to provide such receipt, the Association must provide such documents to the tenant, lessee or sublessee. The Association must obtain a receipt therefor, and may charge the copy expenses to the Owner as part of the Owner's assessments imposed under Article 5. 7.2.8.4 If the Board detemlines that a tenant, lessee or sublessee of a Unit has violated any provisions of this Declaration, the Bylaws, the Rules and Regulations, or the Condominium Act, in addition to any other remedies available to the Association, the Board may require that the Owner tenninate such rental or lease agreement, or Owner's lessee temlinate any sublease. . 7.2.8.5 An Owner is responsible for paying for any damage to the Common Elements caused by his or her guests, tenants or lessees (including sub lessees) and for any fines imposed by the Board for any violations of this Declaration, the Bylaws or the Association Rules. 7.3 Sales Facilities of Declarant. Notwithstanding any provision in Section 7.1, Declarant, its agents, employees, and contractors shall be pemlitted to maintain, during the period of sale and constmction of the Condominium Units, upon such portion of the Condominium as Declarant may own and upon the Common Elements, such facilities as in the sole opinion of Declarant may be reasonably required, convenient, or incidental to the constmction, sale, or rental of Condominium Units and interests, including, but not limited to, a business office, storage area, signs, modeled units, sales office, constmction office, and parking areas for all prospective tenants or purchasers of Declarant. The special Declarant rights set forth in the Declaration shall be controlling over any conflicting restrictions in these Bylaws. 7.4 Effect on Insurance. Nothing shall be done or kept in or on the Common Elements which will increase the rate of insurance on the Common Elements without the prior written consent of the Board. No Owner or Purchaser shall pemlit anything to be done or kept in or on the Common Elements 28 - McCALL DRIVE CONDOMINIUlvI OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 6~~ which will result in the cancellation of insurance on the Common Elements or which would be in violation of the law. 7.5 Offensive or Unlawful Activities. No noxious or offensive activities shall be carried on upon the Condominium, Unit, Common Area, or any part thereof, nor shall anything be done or placed in, on or under any part of the Condominium or any Unit which unreasonably interferes with or jeopardizes the enjoyment of the Condominium, or which is a source of unreasonable annoyance to residents. No unlawful use shall be made of the Condominium or any part thereof, and all laws, zoning ordinances, regulations or any other Legal Requirement (as defined in the Declaration) of all governmental authorities having jurisdiction thereof shall be strictly complied with. Constmction of buildings and improvements by Declarant that are part of or are scheduled to become a part of the Condominium shall not violate this Section. Compliance with any Legal Requirements shall be accomplished by and at the sole expense of the Owner or Association, as the case may be, whichever shall have the obligation to maintain and repair the portion of the condominium affected by any such Legal Requirement. Each Owner shall give prompt notice to the Board of Directors of any written notice received of the violation of any Legal Requirement affecting the Owner's Unit or the Condominium. Notwithstanding the foregoing provisions, an Owner may, at his expense, defer compliance with and contest, by appropriate proceedings prosecuted diligently and in good faith, the validity or applicability of any Legal Requirement affecting any portion of the Condominium which such Owner is obligated to maintain and repair, and the Board of Directors shall cooperate with such Owner in such proceedings, provided that: 7.5.1 Such Owner shall pay and shall defend, save harmless, and indemnify the Board, the Association, and each other Owner against all liability, loss or damage which any of them respectively shall suffer by reason of such contest and any noncompliance with such Legal Requirement, including attorneys' fees and other expenses incurred; 7.5.2 Such Owner shall keep the Board advised as to the status of such proceedings; and 7.5.3 If any Owner conducts any actiVIty or fails to comply with any Legal Requirement that increases the insurance premiums on insurance carried by the Association, or for which the Association is directly or indirectly responsible, such Owner shall pay such increased premium to the Association, upon demand, and if not so paid, such amount shall bear interest after the date of such demand at the rate provided in Section 5.10. 7.6 Contested Legal Requirements. An Owner need not comply with any Legal Requirement so long as the Owner is contesting the validity or applicability thereof as provided in Section 7.5, provided that noncompliance shall not create a dangerous condition or constitute a crime or an offense punishable by fine or imprisonment, and that no pad of the Condominium shall be subject to being condemned or vacated by reason of noncomp liance or otherwise by reason of such contest. The Board may also contest any Legal Requirement without being subject to the conditions 29 - McCALL DRIVE CONDOMINIUM OWNERS ASSOClATlON BYLAWS pox I358705v3 64410-2 54' described in Section 7.5 as to contest and may also defer compliance with any Legal Requirement, subject to the conditions contained in this Section 7.6 as to deferral of compliance by an Owner, and the costs and expenses of any contest by the Board shall be a Common Expense. 7.7 Parking. Watercraft, trailers and recreational vehicles may be parked on General Common Elements only while being prepared for travel, limited to forty-eight (48) hours prior to leaving and forty-eight (48) hours after retum to the Condominium. Subject to the preceding sentence, parking of boats, watercraft, trailers, recreational vehicles, tmcks, campers, motorcycles, similar equipment and anything being in excess of three-quarters of a ton in weight shall not be allowed on Common Elements or inside of the garage pOliion of a Unit. No parking of any kind is allowed on the asphalt drive lane, except for in the designated parking stalls. 7.8 Vehicles. No Owner shall pem1it any vehicle that is in an extreme state of disrepair to be abandoned or to remain parked upon any part of the Condominium for a period in excess of forty-eight (48) hours. A vehicle shall be deemed in an "extreme state of disrepair" when the board reasonably detem1ines that its presence offends the residents of the Condominium. Should any Owner fail to remove such vehicle within two (2) days following the date on which notice is mailed to such Owner by the Board, the Board may have the vehicles removed form the Condominium and charge the expense of such removal to the Owner. No on-street vehicle maintenance or repair involving motor oils, fuels, or other lubricants or solvents shall be pem1itted anywhere on the Condominium. On-site vehicle washing shall be pem1itted only in paved areas that discharge all waste to a water quality treatment facility. 7.9 Pets. Up to three (3) domesticated animals, birds, fish and reptiles (herein referred to as "pets") may be kept in the Units subject to Rules and Regulations. Dogs will not be allowed on the Common Elements unless they are being catTied or are held on a leash. The Board may at any time require the removal of any pet that the Board reasonably detem1ines is dangerous, umeasonably disturbing other Owners, repeatedly soiling or causing damage to the Common Elements, or not being kept in accordance with Rules and Regulations. The Board may exercise this authority with respect to specific pets on a case by case basis. At all times, the Common Elements shall be free from pet debris, including food and fecal matter. Each Owner shall be responsible for any damage to the Common Elements caused by a pet kept in his or her Unit or by any guest or invitee of such Owner to the extent not covered by property insurance maintained by the Association. 7.10 Protection of Wildlife. 30 - McCALL DRIVE CONOOMINlillvl OWNERS ASSOCIATION BYLAWS POX 1358705v 3 64410-2 55~ Feeding or harassing of wildlife anywhere on the Condominium shall be prohibited. Bird feeders may be used, subject to the Rules and Regulations of the Association, but only sterile bird seed may be used. 7.11 Rubbish and Trash. No Unit or any part of the Common Elements (including the decks included in the Limited Common Elements) shall be used as a dump for trash or mbbish of any kind. All garbage and other debris and waste shall be kept in appropriate sanitary containers for proper disposal and out of public view. In the event an Owner or occupant fails to remove any trash, mbbish, garbage, or other debris or waste materials from such Owner's or occupant's Unit (or form the street or other Common Elements if deposited thereon by such Owner or occupant) within five (5) days after notice foml the Association, the Association may have such waste removed and charge the expense of such removal to the Owner of the Unit as provided in Section 5.3.12. Customary constmction activities by Declarant that relate to development and constmction of the condominium or buildings and improvements which are scheduled to be part of the condominium shall not violate this Section. 7.12 Signs. No sign of any kind shall be displayed to the public on or from any Unit, Limited Common Element or General Common Element without the prior written consent of the Board. This Section shall not apply to the Declarant who may post such signs on the Property as Declarant deems necessary or appropriate for the sale of Units in the Condominium as long as the Declarant has a Unit for sale. 7.13 Temporary Structures. No stmcture of a temporary character, trailer, tent, shack, garage, barn, or other outbuilding shall be pemlitted or used in the Condominium at any time as a residence either temporarily or permanently. 7.14 Association Rules and Regulations. The Board is empowered to pass, amend or revoke detailed administrative mles and regulations necessary or convenient from time to time to insure compliance with the general guidelines of this Section and the other provisions of these Bylaws. Such Rules and Regulations shall be binding upon all Owners upon adoption by the Board. In the event of any conflict between the Bylaws or the Declaration, and the Rules and Regulations, the Declaration or Bylaws shall prevail. Rules and Regulations shall not be effective until provided to the Owners in writing and one or more may be revoked by a majority vote of the Owners at an Owners meeting. 31 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS PDX 1358705v3 64410-2 5&'/" 8. MAINTENANCE OF CONDOMINIUM PROPERTY AND RELATED MATTERS 8.1 Maintenance and Repair. Except as otherwise provided herein for damage or destmction caused by casualty, the Condominium shall be maintained, repaired and/or replaced, as follows: 8.1.1 Units. All repairs, maintenance and replacement of, any Unit shall be made by and at the sole expense of the Owner of such Unit, who shall keep the same in good order, condition and repair, except for repair, maintenance and replacement of the roofs and party walls in each building, which shall be perfonned by the Association and shall be specially assessed against the Owner(s) of a Unit in each building. Without limitation of the foregoing, each Owner shall be responsible for repairing and replacing any automatic garage door opener or similar device installed for the garage door of that Owner's Unit, regardless of whether such items are Common Elements. An Owner shall make no repair, replacement, maintenance, alteration or perfonn any other work on his/her Unit that would jeopardize the soundness or safety of the Condominium or reduce the value or impair any easement or other right of any Owner, unless the written consent of all Owners affected is also obtained. 8.1.2 Common Elements. All maintenance, repairs and replacements to the Common Elements shall be made by the Association and shall be charged to all the Owners as a Common Expense. The Board shall be solely responsible for detem1ining the appropriate maintenance schedule for the Common Elements and all other items for which the Board is responsible for maintaining in this Declaration or the Bylaws. Without limitation of the foregoing, the Association shall be responsible for the painting, staining, repair and replacement of the exterior surfaces of all Units (inc 1 uding the repair and replacement of roofs, gutters, vinyl siding, exterior doors and garage doors); cleaning of the extelior surfaces of all window and door glass; the repair and resurfacing of all streets, driveways, and walkways; and the cutting, pnming, trimming, and watering of all landscaping. If the MOligagee of any Unit detennines that the Board is not providing an adequate maintenance, repair, and replacement program for the Common Elements, such Mortgagee, at its option, may deliver a notice to the registered agent of the Association, as required pursuant to Section 100.550 of the Act, setting forth the particular defect(s) which it believes exists in the maintenance, repair, and replacement program. If the specified defect(s) are not corrected within sixty (60) days after receipt of such notice, then the Mortgagee, upon written notice to the registered agent that it is exercising its proxy rights thereunder, shall have the right to attend succeeding annual or special meetings of the Association and to cast a vote for each Unit on which it holds a Mortgage on all business coming before such meeting, which proxy rights shall continue until the defect(s) described in the notice are corrected. All work will be specially assessed to the benefited Units if the work pertains to less than all of the Units in the Condominium. For example, if the roof of a single Building needs repair, then the cost will be specially assessed only to the Unit Owners of the affected Building. Any such special assessment to the benefited Units shall be as reasonably and unifonnly detennined by the Board. 32 - MeC ALL ORNE CONDOMINIUM OWNERS ASSOCIA TlON BYLA WS POX 1358705v3 64410-2 5'7~ 8.1.3 Repairs by Association. The Association may make repairs, replacements and maintenance that an Owner is obligated to make and that such Owner does not make within a reasonable time. The Association shall indemnify its agents, employees and other representatives from any and all liability to any Owner inclmed by reason of any reasonable exercise of the right of entry afforded in the Declaration or Bylaws to effect emergency repairs. The Association shall have no liability to an Owner for any use of its right of entry or right to make emergency repairs if the Association has reasonable cause to believe that such action is required. Each Owner shall be deemed to have consented to having sllch repairs done to such Owner's Unit by the Association. An Owner will be specially assessed and must reimburse the Association for all such repair, replacement and maintenance costs except to the extent covered by insurance, including any legal or collection costs incurred by the Association to collect the costs of sllch repairs, replacement and maintenance. All such sums of money will bear interest from the due date thereof at the default rate provided in the Declaration and may otherwise be collected in the same manner as regular Common Expense assessments. If repairs are required due to an emergency and the Association does not immediately commence the required replacement, maintenance or repairs, either Owner may do so and such Owner will have all of the lights of the Association described in this Section. 8.2 Additions, Alterations or Improvements. 8.2.1 No Owner shall make any exterior alterations to the Owner's Unit, or make any change to an installation upon the Common Elements, or decorate, alter or repair any part of the Common Elements except for maintenance of those parts of the Common Elements which the Owner has the duty to maintain, without the prior written consent of the Association. 8.2.2 Nothing shall be installed by the Owner of a Unit on the exterior of the Buildings or Common Elements without the prior wlitten consent of the Board, subject to the following exception. Radio and television dishes and antem1as and other over-the-air reception devices ("OT ARD's") that are subject to the FCC's Over-the-Air Reception Devices Rule may be installed on each Owner's Limited Common Elements to the extent feasible and painted so as to camouflage the OT ARD. If such a location is not feasible then the Owner may apply to the Board for an acceptable location on the General Common Elements of that Owner's Unit for the OT ARD. The Board shall pennit each Owner to install an OT ARD on the General Common Elements in a specific location where it is feasible to obtain the desired service as is reasonably detem1ined by the Board. Owner shall submit to the Board detailed plans and specifications for any OT ARD that Owner wishes to install on the General Common Elements or Limited Common Element, and shall not commence any constmction, installation or operation of any such OT ARD until the plans and specifications for its installation shall have been approved in writing by the Board. The Board may condition its approval upon, among other things, the provision of reasonable security to insure the perfom1ance of the Owner's obligations under this Section. Any such OT ARD shall be painted as directed by the Board so as to camouflage the installation if that will not interfere with the desired service. The Board shall have the right to supervise the installation and removal of any such OTARD. The Board shall also have the right to require landscaping or other materials be installed at the Owner's expense to reasonably screen any such OT ARD from view and to enforce reasonable OT ARD safety and maintenance 33 - McCALL ORJVE CONOOMINIillvl OWNERS ASSOCIATION BYLAWS pox 1358705v3 64410-2 6~~ requirements. Board approval shall also be required for any OT ARD mast installation that would be more than twelve (12) feet in height or any OT ARD dish that would be more than three (3) feet in diameter. 8.3 Damage or Destruction by Casualty. 8.3.1 Responsibility of Association. The Association shall be responsible for repairing, reconstmcting, or rebuilding all damage or destmction of the Common Elements by casualty and, to the extent of the Association's insurance coverage, all such damage or destmction to the Units. Each Owner shall be responsible for the repairing, reconstmcting, or rebuilding of his Unit to the extent not covered by the Association's insurance within twelve (12) months of the occurrence of such casualty. The Association shall rebui 1 d and restore the damaged or destroyed portions of the Common Elements and, to the extent of the Association's insurance coverage, of the Units, so that the Property is rebuilt and restored to substantially the same condition in which it existed prior to such damage or destmction, unless Owners of at least seventy-five percent (75%) of the Units and seventy-five percent (75%) of all first Mortgagees of Units agree that the Property shall not be rebuilt or restored. The Association shall represent the Owners in any proceeding, negotiation, settlement, or agreement relating to the payment of proceeds under any insurance policies held by the Association. Any such proceeds shall be payable to the Association to the extent of its interest therein. If the Property is to be rebuilt and restored and the proceeds of the insurance policies held by the Association are insufficient to fund the full cost of rebuilding and restoration, the difference between the amount of such proceeds and such cost may be charged to all Owners as a common expense. If the required number of Owners and first Mortgagees agree that the Property shall not be rebuilt and restored, the Property shall be considered removed from the provisions of the Act in accordance with Section 100.605 thereof; and any proceeds resulting from such removal shall be distributed in accordance with Section 100.615 of the Act. 8.3.2 Responsibility of Owner. If, due to the act or neglect of an Owner, or of a member of his family or his household pet or of a guest, servant, invitee, or other authOlized occupant or visitor of such Owner, damage shall be caused to the Common Elements or to a Unit owned by others, or maintenance, repairs, or replacements shall be required which would otherwise be a Common Expense, then such Owner shall pay for such damage and such maintenance, repairs, and rep 1 acements as may be detennined by the Association, to the extent not covered by the Association's insurance. Owners of Units are required to carry homeowner's insurance on a Unit, as specified in Section hereof. 8.4 Total Condemnation. If, at any time or times during the continuance of the condominium fonn of ownership pursuant to the Declaration, the whole of the Condominium is taken by eminent domain or condemned by any public authority or sold or otherwise disposed of in lieu of or in anticipation thereof, all of which is hereinafter call "Condemnation", each Unit Owner shall be deemed to exclusively own the Limited Common Elements associated with such Owner's Unit 34 - McCALL DRNE CONDOMINTUM OWNERS ASSOCIATION BYLAWS PDX 1358705v3 64410-2 5q/ such that they would be entitled to the Condemnation compensation and subject to the risk of loss from any such Condemnation. The Association shall have the sole authority to represent the Owners in any Condemnation proceedings or negotiations, settlements and agreements with the condemning authority as the attomey-in-fact of all the Owners and pursuant to such authority may accept any release and discharge of liability made by the Board on behalf of the Owners, but only with respect only to the General Common Elements of the Condominium. The Board's authority to act as attomey-in- fact of the Owners for such purpose is coupled with an interest and is irrevocable. The compensation to be paid to Owners of Units shall be negotiated and finalized, including, if required, by representation in any proceeding, by the Association, subj ect to ratification of such compensation by the Owners of at least seventy-five percent (75%) of the Units at a special meeting called for that purpose, whether or not proceedings are necessary. The Board shall provide each Owner and each Mortgagee with a written notice of the commencement of any such Condemnation proceeding regarding the General Conm10n Elements and of any proposed sale or disposition in lieu or in advance of such proceeding. All compensation, damages respecting the General Common Elements, or other proceeds therefrom, the sum of which is hereinafter called the "Condemnation Award," shall be payable to the Association. The net Condemnation Award, after the Association is reimbursed for all costs of representing the Owners, shall be apportioned among the Owners in an equitable manner as reasonably detem1ined by the Board. 8.5 Partial Condemnation. In the event of a partial condemnation of the Condominium which includes some Units, each Owner whose Unit is condemned shall deal with the condenming authority with regard to compensation therefor, and the compensation for such Unit shall be paid to such Owner (or the Mortgagee of that Owner's Unit). The Association shall negotiate compensation relating to any Common Elements. The cost, if any, ofrestoring the balance of the Condominium so that it may be used shall be determined by the Association and the Association shall negotiate with the condemning authority with regard to compensation for this expenditure and shall, unless the Condominium is tem1inated within thiliy (30) days after the receipt of such compensation in accordance with the Act, reconstmct the Condominium, using the funds received for such reconstmction. Any moneys received by the Association for any such reconstmction shall be held in tmst by the Association for the purpose of such reconstmction. 9. INSURANCE 9.1 Association Insurance Coverage. The Board shall obtain and maintain at all times as a Common Expense the insurance required by the Act and such additional insurance that the Board deems advisable, which shall include but not be limited to the following: 9.1.1 Fire and Extended Coverage Insurance. The Board shall obtain and maintain at all times a policy or policies of property insurance covering fire and other Iisks covered under special fon11 "all-risk" coverage (including 35 - McCALL DRIVE CONDOMfNIVM OWNERS ASSOCIATION BYLAWS PDX 1358705v3 64410-2 {por- vandalism, malicious mischief, sprinkler leakage, debris removal, cost of demolition, windstorm, flood and water damage, endorsements,) in an amount as near as practicable to the full insurable replacement value (without deduction for depreciation) of the Condominium, exclusive of land, foundation, excavation and other items nonl1ally excluded from coverage or such other property insurance as the Board reasonably detenl1ines will provide substantially equal or greater protection, insuring the Owners and their Mortgagees, as their interests may appear. The Board shall be named as the insured in such policy or policies and, as trustee for the benefit of Owners and Mortgagees as their interests may appear. All such policies shall contain the standard mortgage clause, or equivalent endorsement, that is commonly accepted by private institutional mortgage investors in the area in which the Condominium is located. The Board shall cause certificates of insurance to be issued to each Unit Owner and Mortgagee upon request. If such insurance is maintained by other than the Board, then the Board shall monitor the insurance for sufficiency. The insurance policy described in this Section 9.1.1 shall provide that the policy is primary in the event a Unit Owner has other insurance covering the same loss. All insurance shall be obtained iiom an insurance carrier rated A- (and rated as in Class IX or better financial condition) by Best's Insurance Reports or equivalent rating service, and licensed to do business in the State of Oregon. 9.1.2 Commercial General Liability Insurance. The Board shall at all times maintain commercial general liability insurance insuring the Association, Unit Owners, Board, Declarant, and its managing agent against liability to the public or to individual Unit Owners. Such insurance shall include liability for water damage, liability for damage to propeliy of others, contractual liability, non-owned automobile liability, and liability for maintenance or use of the Common Elements. The liability under which insurance must be detem1ined by the Board after consultation with insurance consultants, but not less than Two Million Dollars ($2,000,000) coveling all claims for personal injury and/or property damage arising out of a single occurrence (such policy limits to be reviewed at least annually by the Board and increased in its discretion). 9.1.3 Worker's Compensation Insurance. The Board shall obtain and maintain at all times a policy or policies of worker's compensation insurance to the extent required by applicable laws. 9.1.4 Fidelity Bonds. The Board shall obtain and maintain at all times adequate fidelity bonds covering the members of the Board and all other officers, Directors and employees of the Association handling or responsible for funds of or administered by the Association. If a management agent has the responsibility for handling or administering funds of the Association, the management agent will be required to maintain fidelity bond coverage for its officers, employees and agents responsible for such funds. In no event may the aggregate amount of such bonds be less than a sum equal to three (3) months aggregate assessments on all Units plus Reserve Funds. The bonds shall contain waivers by the issuers of the bonds of all defenses based upon the exclusion 36 - McCALL DRIVE CONDOMINIUM OWNERS ASSOClA TlON BYLA WS PDX 1358705v3 64410-2 &f~ of persons serving without compensation from the definition of "employees" or similar tem1S or expresslOns. 9.1.5 Insurance Against Loss. The Board shall obtain and maintain at all times insurance against loss of or to personal property of the Association by fire, theft, and other causes, with deductible provisions as the Board deems reasonably advisable. 9.1.6 Other Insurance. The Board shall maintain such other insurance as the Board deems advisable; provided, that notwithstanding any other provisions herein, the Association shall continuously maintain in effect such casualty, flood, and liability insurance and a fidelity bond meeting the insurance and fidelity bond requirements for condominium projects established by the Federal National M0l1gage Association, Govemment National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Housing Authority, Veterans Administration, or other govenu11ental or quasi-govemmental agency involved in the secondary mortgage market, so long as such agency is a M0l1gagee, an insurer or guarantor of a M0l1gage, or owner of a Unit within the Condominium, except to the extent such coverage is not available or has been waived in writing by such agency. 9.2 Owner's Insurance Coverage. It is acknowledged that the foregoing provisions specify only the insurance to be obtained and maintained by the Association and that the following insurance shall be obtained an maintained by each Owner as specified: 9.2.1 Each Owner at his/her own expense shall maintain adequate casualty insurance covering such Owner's Unit and their associated Limited Common Elements for their full insurable value. Insurance also shall be purchased for fumishings, fixtures, equipment, decorating and personal property and chattels of the Owner contained within his Unit, and his personal property and chattels stored elsewhere on the property, including his automobile or automobiles, and for loss of use and occupancy of his Unit in the event of damage. Any such policy or policies of insurance shall contain waivers of subrogation against the Association, its manager, agents, employees and servants, and against the other Owners and any members of their households, except for vehicle impact, arson and fraud. 9.2.2 Public liability insurance in the amount reasonably set by the Board of Directors no more often than every three years with respect to a Unit, covering any liability of any Owner to the extent not covered by any public liability and property damage insurance obtained and maintained by the Association. 9.2.3 Each Owner shall file a copy of such individual policy or policies with the Board within thirty (30) days after purchase of such insurance, and the Board must immediately review its effect with the Board's insurance broker, agent, or carrier. 37 - McCALL DRIVE CONDOMfNIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 &;)" 9.3 Insurance Proceeds. Insurance proceeds for damage or destmction to any part of the Condominium shall be paid to the Board on behalf of the Association, which must segregate such proceeds from other funds of the Association for use and payment as provided in the Bylaws and the Declaration. The Association, acting through its Board, has the sole authority to purchase and maintain appropriate insurance (including the collection and disposition of the proceeds thereof, the negotiation of losses and execution of releases of liability, the execution of all necessary documents and the perfomlance of all other acts necessary to accomplish such purpose) as attomey-in-fact of all Owners, and any insurer may accept a release and discharge of liability made by the Board on behalf of the named insureds under the policy. The Board's authority to act as attomey-in-fact of the Owners for such purpose is coupled with an interest and is irrevocable. 9.4 Mandatory Provisions. All Insurance policies and fidelity bonds In this Section shall contain the following provIsIons: 9.4.1 The recognition of any insurance tmst agreement; 9.4.2 A waiver of subrogation by the insurer as to any and all claims against the Association and any Owner, or their respective agents, employees, or tenants, and of any defenses based upon co-insurance or upon invalidity arising from the acts of the insured; 9.4.3 Confimlation that the insurance is not prejudiced by any act or neglect of individual Unit Owners which is not in the control of such Owners collectively; 9.4.4 The policies and bonds may not be cancelled without at least ten (10) days' prior written notice to the Association and each Mortgagee under Section 13.2 of the Declaration; and 9.4.5 A prOVISIOn that any master policy on the Condominium caIIDot be canceled, invalidated, or suspended on account of the conduct of any officer or employee of the Board of Directors or the manager without prior demand in writing that the Board of Directors or manager cure the defect. 9.5 Unacceptable Policies. No insurance policy or fidelity bond required under this Section 9 may: 9.5.1 require or permit contributions or assessments against the Association, the Board, the Owners, any managing agent, the Mortgagees or any guarantor of the above; 9.5.2 require or pemlit loss payments are contingent upon action by the insurance carrier's board of Directors, policyholders, or members; or 38 - McCALL ORNE CONDOMINIUM OWNERS ASSOCL<\TION BYLAWS pox 1358705v 3 64410-2 &3/ 9.5.3 include any limiting clauses (other than insurance conditions) that could prevent the Board, the Association or the Unit Owners from collecting insurance proceeds. 10. AMENDMENTS TO BYLAWS 10.1 How Proposed. Amendments to the Bylaws shall be proposed by either a majority of the Board or by the Owners holding at least twenty-five percent (25%) of the votes in the Association. The proposed amendment must be in writing and shall be included in the notice of any meeting at which action is to be taken thereon. 10.2 Adoption. A resolution adopting a proposed Bylaws amendment may be offered by either the Board or Owners and may be approved by the Owners at a meeting called for this purpose. Owners not present at the meeting considering such amendment may express their approval in writing or by proxy delivered to the Board at or prior to such a meeting. Subject to the provisions of the Declaration and these Bylaws otherwise, any resolution shall be approved by Owners holding at least fifty-one percent (51 %) of the votes of the Units, except for amendments changing voting requirements and age, pet restrictions, occupancy, or rental and leasing restrictions which shall require approval by Owners holding at least seventy-five percent (75%) of the votes in the Association and except that any provision of these Bylaws that is required to be in the Declaration may be amended only in accordance with the requirements goveming the amendment of the Declaration. In any event, no amendment shall be effective to impair, reduce or tem1inate any special Declarant rights provided in these Bylaws or the Declaration without the consent of the Declarant so long as the Declarant has the right under the Declaration to create additional Units or is the Owner of an unsold Unit. 10.3 Execution and Recording. A Bylaw amendment shall not be effective until certified by the President and Secretary of the Association as being adopted in accordance with these Bylaws, approved by the Oregon Real Estate Commissioner if required by law, and recorded as required by law. 11. MEDIATION AND ARBITRATION Every Owner and the Association has the right to enforce the proVISiOns of the Declaration, these Bylaws and any Association Rules by submitting disputes to non-binding mediation, and if the mediation is unsuccessful, to final and binding arbitration in accordance with, Section 19.9 of the Declaration. Neither the Owner nor the Association may commence litigation or an administrative proceeding that would result in an adversarial relationship with the other without first complying with any requirements of the Act to offer to submit the matter to an altemative dispute resolution process. 39 - McCALL ORNE CONDOMINIUM OWNERS ASSOCIATION BYLA WS POX 1358705v 3 64410-2 lo4/ 12. MISCELLANEOUS 12.1 Notices. All notices to the Association or Board shall be sent care of the managing agent, or if there is no managing agent, to the principal office of the Association or to such other address as the Board may hereafter designate from time to time by written notice thereof to each Owner. All notices to any Owner shall be sent to such home or business address, facsimile number or electronic mail address as may have been designated by that Owner from time to time, in writing, to the Board, or if no address has been designated, then to the Owner's Unit. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail so addressed, with first class postage paid. If sent by electronic mail or facsimile, such notice shall be deemed delivered one business day after sending by such means, unless the sender is notified of failure of such delivery by such means. 12.2 Waiver. No restriction, condition, obligation, or provision contained in these Bylaws shall be deemed to have been abrogated or waived by reason of any failure to enforce the same, irrespective of the number of violations or breaches thereof which may occur. 12.3 Invalidity; Number; Captions. The invalidity of any part of the Bylaws shall not impair or affect in any manner the' validity, enforceability or effect of the balance of these Bylaws. As used herein, the singular shall include the plural, and the plural the singular. The masculine and neuter shall each include the masculine, feminine and neuter, as the context requires. All captions used herein are intended solely for convenience of reference and shall in no way limit any provisions of these Bylaws. 12.4 Action Without a Meeting. Any action which the Act, Declaration or Bylaws require or permit the Owners or Board to take at a meeting may be taken without a meeting if a consent in writing setting forth the action so taken is signed by all Owners or Directors entitled to vote on the matter. The consent, which shall have the same effect as a unanimous vote of the Owners or Board, shall be filed in the Association minutes. 12.5 Conflicts; Severability. Each tem1 and provision of these Bylaws shall be valid and enforceable to the fullest extent pem1itted by law. If any term or provision of these Bylaws or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable, whether under ORS Chapter 100 or otherwise, the remainder of these Bylaws and the application of such tem1 or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby. These Bylaws are intended to comply with the Act and the Declaration. In case of any irreconcilable conflict, the Act and the Declaration shall 40 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705vJ 64410-2 &'5/ control over these bylaws, any amendments hereto or any mles and Regulations adopted hereunder. 12.6 Rules or Order. Robert's Rules of Order (latest edition) shall govern the conduct of Association and Board proceedings when not in conflict with the Declaration, the Articles, these Bylaws or Oregon law. A decision of the Association or its Board may not be challenged because the appropriate rules of order were not used unless a person entitled to be heard was denied the right to be heard and raised an objection at the meeting in which the right to be heard was denied. A decision of the Association or its Board is deemed valid without regard to procedural errors related to the mles of order one year after the decision is made unless the error appears on the face of a written instmment memorializing the decision. 12.7 Liability Survives Termination. The sale or other disposition of a Unit, shall not relieve or release any former Owner from any liability or obligation incurred or in any way connected to said ownership, nor shall such termination impair any rights or remedies which the Association may have against such former Owner arising out of or in any way connected with such ownership and the covenants and obligations incident thereto. 12.8 Indexing. Whenever any dollar amount is specified in these Bylaws, such amount will be automatically adjusted each January 1 sl for that calendar year based upon any changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers, U.S. City Average for All Items, as published by the U.S. Bureau of Labor Statistics, U.S. Department of Labor, or if such index is discontinued, a comparable index selected by the Board, using the index for 2007 as the base year. 12.9 The Declarant as Owner. Except as expressly provided in these Bylaws and the Declaration, the Declarant shall, with respect to any Units owned by the Declarant, enjoy any and all rights, and assume any and all obligations, enjoyed or assumed by an Owner. 41 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCLA TION BYLAWS POX 1358705v 3 64410-2 (pit' DATED this.3 day of<~--..J~ the undersigned Declarant on behalf of the Assocla 1. , 20~~.:r,-being hereby adopted by DECLARANT: BARCLAY SQUARE CONDOMINIUM, LLC, an Oregon limited liability company By Its Member: ARCHERD & DRES .L~--;,\ an Oregon limited' ility company B Evan Archerd, Manager STATE OF OREGON ) ) COUNTY OF JACKSON ) '1>il :)OO,? On this 3 day of ,JAt-JUAf-.,,/, 2006, personally appeared before me Evan Archerd, who being duly swom did say that he is the Manager of Archerd & Dresner, LLC, an Oregon limited liability company, which is a member of Barclay Square Condominium, LLC, an Oregon limited liability company, and acknowledged that the foregoing instmment is the free act and deed of said company. . OFF!CIAL SEAL :'1:..; . i MARION ROSE . '~OT I-IRY PUBLIC-OREGON . COMMISSION NO. A376095 MY OMMISSION EXPlr~ES MAR. 8. 2008 ... ,.]0-..;; '-~~ Notary Publi for C)r?-ErS-D/\J My Commission Expires 3/ {./8/Cig 42 - McCALL DRIVE CONDOMINIUM OWNERS ASSOCIATION BYLAWS POX 1358705v3 64410-2 (pI"