King City Civic Association Resolution: Administration 2012-302
ASSESSMENTS AND REBATES
CC&Rs, Article V, Section 3; Article VI, Section 3.C; Article VIII; ORS 94.630(1)(b)
All Residents shall pay an annual assessment to the Association. The fiscal year is January 1 to December 31, and payments shall be due on January 1st. Late charges shall be levied if delinquent after 30 days.
Assessments
- Pro Rata:Partial year assessments shall be paid and rebated on a monthly basis. A partial month is considered a whole month in computing assessments.
- Resident Member:Any person residing in a Unit for more than 60 days in a consecutive 12-month period is considered a permanent Resident on the 61st day of occupancy. A pro rata annual assessment shall begin the first of the month in which the 61st day occurred.
- Vacant Units:The Owner shall pay one assessment per year during the period of the vacancy.
Rebates
- Departure:If a Unit is occupied by two or more people and one leaves permanently, a pro rata amount of the assessment, excluding the month of departure, shall be rebated to the person who paid the assessment.
- Death:If a Resident dies, a pro rata amount of the assessment, excluding the month of death, shall be rebated to the surviving Resident.
- Tenant:If a tenant made the full payment, the rebated amount may be reimbursed to the tenant.
- Sale of Property:If the seller is delinquent in payment of any assessments to the Association, the Association shall deduct the amount owed from the rebate.
This resolution addresses only a portion of the subject of assessments. Complete coverage is found in the CC&Rs and ORS as listed above.
IT IS RESOLVED this ___ day of February 2012 by a majority vote of the Board of Directors and effective upon distribution of the Association's March 2012 Newsletter
King City Civic Association
By Terry Shane, President By Maxine Van Dyke, Secretary
Adopted 01/01/04
Reviewed 07/17/07
Revised and Restated 02/14/12