Legally, Peninsula Park Commons consists of 6 condominium units. In addition, there is a ‘common area unit’ and basement that are designated as ‘general common elements’ and useable by all residents. There is also a portion of the site at the north end designated for development as a second phase. If you’re curious, posted below are the legal documents we assembled to provide the legal framework for these condominiums. These documents have been approved by the State of Oregon and recorded as part of the condominium conversion process

The documents are fairly typical of condominiums in Oregon, with a few important customizations that make them more conducive to cooperative living:

• The By-laws open with our values statement as a reminder of the core goals of our community
• Every unit owner is automatically a member of the board of directors and has an equal vote in decisions (rather than based on the unit square footage)
• Decisions are made by consensus, reverting only to majority voting if consensus cannot be reached after several attempts
• All owners participate in self-governance and help with on-going management of the property; if anyone opts out of these rolls, they must make monetary payments in lieu of their time

For more information about the condominium conversion process and leads to professional consultants (surveyor, attorney…) who helped out, contact Eli Spevak at (503) 289-3311.