Articles of IncorporationARTICLES OF INCORPORATION
OF
PALISADES WEST y
HOMEOWNERS ASSOCIATION
THURSTON COUNTY, WASHINGTON
In compliance with the requirements of 24.03 RCW, the undersigned, resident of the State of
Washington and who is of full age, has this day voluntarily associated for the purpose of forming a
corporation not for profit and does hereby certify:
ARTICLE I
NAME OF ASSOCIATION
The name of the corporation is PALISADES WEST Homeowners Association, hereafter called the
"Association."
ARTICLE II
OFFICE OF ASSOCIATION
The principal office of the Association is located at 4200 6th Avenue SE, Suite 301, Lacey,
.~
Washington 98503.
ARTICLE III
REGISTERED AGENT
The registered agent of the Association is FH1, LLC, whose address is 4200 6th Avenue SE, Suite
301, Lacey, WA 98503.
ARTICLES OF INCORPORATION
PALISADES WEST HOMEOWNERS ASSOCIATION
Page 1 of 6
ARTICLE IV
PURPOSE AND POWERS OF THE ASSOCIATION
This Association does not contemplate pecuniary gain or profit to the Members, and the specific
purposes for which it is formed are to create and adopt By-Laws by the Board of Directors, to provide for
preservation and architectural control of the residential lots and maintenance and preservation of the
Common Areas, the Storm Drainage System, and the street lights, and to promote the health, safety and
welfare of the residents within the above described property and any additions thereto as may hereafter be
brought within the jurisdiction of this Association for this purpose to:
(a) Exercise all of the powers and privileges and to perform all of the duties and obligations of the
Association as set forth in that certain Declaration of Covenants, Conditions and Restrictions,
hereinafter called the "Declaration", applicable to the property and recorded, or to be recorded, in
the Office of the Auditor in and for Thurston County Washington ,and as the same may be
amended from time to time as therein provided, said Declaration being incorporated herein as if set
forth at length,
(b) Fix, levy, collect and enforce payment by any lawful means, all charged or assessments pursuant
to the terms of the Declaration; to pay all expenses incident to the conduct of the business of the
Association, including all licenses, taxes or governmental charges levied or imposed against the
property of the Association;
(c) Acquire (by gift, purchase or otherwise), own, hold, improve, build upon, operate, maintain,
convey, sell, lease, transfer, dedicate for public use or otherwise dispose of real or personal
property in connection with the affairs of the Association;
;~
(d) Borrow money with the assent of two-thirds (2/3) of each class of Members, through mortgages,
pledges, deeds in trust, of some or all of its real or personal property as security for money
borrowed or debts incurred;
(e) Dedicate, sell or transfer all or any part of the Common Area to any public agency, authority, or
utility for such purposes and subject to such conditions as may be agreed by the Members. No
such dedication or transfer shall be effective unless an instrument has been signed by two-thirds
(213) of each class of Members, agreeing to such dedication, sale or transfer;
ARTICLES OF INCORPORATION
PALISADES WEST HOMEOWNERS ASSOCIATION
Page 2 of 6
(f) Have and to exercise any and all powers, rights and privileges which a corporation organized
under the Non-Profit Corporation Law of the State of Washington by law now or hereafter may
have or exercise.
(g) In the event FH1, LLC, the Project Proponent, successors or the PALISADES WEST Homeowners
Association in the judgment of The City of Yelm, fails to maintain drainage facilities within the plat,
or if the Proponent, successors or the PALISADES WEST Homeowners Association willfully or
accidentally reduces the capacity of the drainage system or renders any part of the drainage
system unusable, the Proponent, successors or PALISADES WEST Homeowners Association
agree to the following remedy; After 30 days notice by registered mail to the Proponent,
successors or Homeowners Association, the City of Yelm may correct the problem or maintain
facilities as necessary to restore the full design capacity of the drainage system. The City of Yelm
will bill the present owner of the drainage tracts for all costs associated with the engineering and
construction of the remedial work. The City of Yelm may charge interest as allowed by law from the
date of completion of construction. The City of Yelm will place a lien on the property and/or on the
lots in PALISADES WEST Homeowners Association for payments in arrears. Costs or fees
incurred by the City of Yelm, should legal action be required to collect such payments, shall be
borne by the present owner of the drainage tracts lots.
ARTICLE V
MEMBERSHIP
Every person or entity who is a record owner of a fee or undivided fee interest in any lot, which is
subject by covenants of record to assessment by the Association, including contract purchasers, shall be
~~ Members of the Association. The foregoing is not intended to include persons or entities who hold an
interest merely as security for the performance of an obligation. Membership shall be appurtenant to and
may not be separated from ownership of any Lot which is subject to assessment by the Association,
ARTICLE VI
VOTING RIGHTS
The Association shall have two classes of voting membership:
ARTICLES OF INCORPORATION
PALISADES WEST HOMEOWNERS ASSOCIATION
Page 3 of 6
Class A: Class A Members shall be all Lot Owners, with the exception of the Declarant,
and shall be entitled to one vote for each Lot, When more than one person holds an interest in any Lot, all
such persons shall be members. The vote for such Lot shall be exercised as they determine, but in no
event shall more than one vote be cast with respect to any Lot.
Class B: The Class B Member shall be the Declarant (as defined in the Declaration or
successors or assigns of Declarant), and shall be entitled to three (3) votes for each Lot owned. The Class
B membership shall cease and be converted to Class A Membership on the happening of either of the
following events, whichever occurs earlier;
(a) when the total votes outstanding in the Class A membership equal the total votes
outstanding in the Class B membership; or
(b) on ~~~~M3~. 3 ( , a-n D~
ARTICLE VII
BOARD OF DIRECTORS
The affairs of this Association initially shall be managed by a Board of one (1) Director who need
not be a Member of the Association. At such time as Class B Membership shall cease to exist, the number
of directors shall increase to five (5). The number of Directors may be changed by amendment of the By-
laws of the Association. The name and the address of the person who is to act in the capacity of Director
until the selection of the successors is:
NAME
ADDRESS
STEVEN L. CHAMBERLAIN 4200 6m Avenue SE, Suite 301
~~ Lacey, WA 98503
At the first annual meeting the Members shall elect two Directors for a term of one year, two
Directors for a term of two years and one Director for a term of three years; and at each annual meeting
thereafter the Members shall elect one Director for a term of three years for each Director whose term of
office expires at such time.
ARTICLES OF INCORPORATION
PALISADES WEST HOMEOWNERS ASSOCIATION
Page 4 of 6
ARTICLE VIII
DISSOLUTION
The association may be dissolved with the assent given in writing and signed by not less than two
thirds (213) of the members. Upon dissolution of the Association, other than incident to a merger or
consolidation, the assets of the Association shall be dedicated to an appropriate public agency to be used
for the purposes similar to those for which this Association was created. In the event that such dedication is
refused acceptance, such assets shall be granted, conveyed and assigned to any non-profit corporation,
association, trust or other organization to be devoted to such similar purposes.
ARTICLE IX
DURATION
The Corporation shall exist perpetually.
ARTICLE X
AMENDMENTS
Amendment of these Articles shall require the assent of seventy-five percent (75%) of the entire
membership.
ARTICLE XI
FHANA APPROVAL
`:~ As long as there is Class B membership, the following actions will require the prior approval of the
Federal Housing Administration or the Veteran's Administration: Annexation of additional properties,
mergers and consolidations, mortgaging of Common Area, dissolution and amendment of these Articles.
ARTICLE XII
INCORPORATOR
The name and address of the incorporator is FH1, LLC, 4200 6th Avenue SE, Suite 301; Lacey, WA
98503
ARTICLES OF INCORPORATION
PALISADES WEST HOMEOWNERS ASSOCIATION
Page 5 of 6
IN WITNESS WHEREOF, for the purpose of forming this corporation under the laws of the State of
Washington, I, the undersigned, constituting the incorporator of this A
Articles of Incorporation this /.''`"day of ~t , 2007
I /~/
have executed these
N, Manager
STATE OF WASHINGTON )
ss.
County of Thurston )
I certify that I know or have satisfactory evidence that STEVEN L. CHAMBERLAIN is the person who
appeared before me, and said person acknowledged that he signed this instrument, on oath stated that he is
the Manager of FH1, LLC, and was authorized. to execute the instrument and acknowledged it as the Manager
of FH1, LLC, to be the free and voluntary act of such party for the uses and purposes mentioned in the
instrument.
Given under my hand and official seal this ~' d y of , 2007.
LIC
\ {
State g~~ Washington.
NANCY A. TRAIL
Commisslon Explras AUGUST 31,2010
Nb~ry Public in
~'esiding at
My commission
ashington
ARTICLES OF INCORPORATION
PALISADES WEST HOMEOWNERS ASSOCIATION
Page 6 of 6
W STA}r
a~ °^& . . APPLICATION TO FORM A
~_ . NONPROFIT CORPORATION
h+ ~~~aea ~°y (Per Chapter 24.03 RCWj
~9L~I~ FEE: $30
• Please PRINT or TYPE in black i~E~R~-~,R P ®F Cv^ 1 A~~" EXPEDITED (24HOUR) SERVICE AVAILABLE - 520 PER ENTITY
• Sign, date and return original AND ON C Piflal AND ON C t0: INCLUDE FEE AND WRITE "EXPEDITE^ IN BOLD LETTERS
~~1N 13 2007 ON OUTSIDE OF ENVELOPE
CORPORATIONS DIVISION
801 CAPITOL WAY SOUTH • PO BOX 4 FOR OFFICE USE ONLY
OLYMPIA, WA 98504-0234 ~~"E OF WASHIN ' / uac ~ ~~~ c
• BE SURE TO INCLUDE FILING hecks CORPORATION NUMBER:
should be made payable to "Secretary of State"
IMPORTANTI Person to contact about this filing Daytime Phone Number (with area code)
/IIi9 N ~ c.. 3 - ~ - Dl~ /D /
ARTICLES OF INCORPORATION
NAME OF (May contain designations such as Association" "Services" or "Committee." May not contain a corporate designation such as
CORPORATION "Corporeb'on" "Incorporated" or "Limited" or the abbreviation "Corp." "Inc." "Co." or "Ltd.')
P w s o c ~ /
EFFECTIVE (Specified ekective date may be up to 30 days aker receipt of the document by the Secretary of State)
DATE OF
INCORPORATION ^ Specific Date: Upon filing by the Secretary of State
TERM OF (Check one box only)
EXISTENCE
Perpetual ^ Years (Please indicate number of years)
PURPOSE FOR WHICH THE NONPROFIT CORPORATION IS ORGANIZED: (If necessary, attach additional information)
D ~ .S F P F P s T E
IN THE EVENT OF A VOLUNTARY DISSOLUTION, THE NET ASSETS WILL BE DISTRIBUTED AS FOLLOWS: (If necessary, attach additional information)
Pv [,1 ~ ~ ~
NAME AND ADDRESS OF WASHINGTON STATE REGISTERED AGENT
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Name ~
,
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Street Address (Required) `/a D0 G~ft[~E ~SE'~3O1 City LffGEy State~~ZIP y~~0--3
PO Box (Optional -Must be ' sa e s street address) ZIP (If different than street ZIP)
1 consent fo serv as egis r enf in the State of Washington for the above named corporation. 1 understand it will be my responsibility
fo accept Servi o Proc o behalf of fhe corporation; to forward mail fo the corporation; and to immediately notify the Office of the
Secret e f 1 re Ig ,:'change the Registered Office Address.
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` ST /~ G i ~ D ~-
ignature A t Printed Name A1~ N~ Date
NAMES AND A RESSES OF EACH INITIAL BOARD DIRECTOR (If necessary, attach additional names and addresses)
Name 5?"~VEAL L. NQrr~leE.eL~}-iti/
Address yaoo 4 ~ r9YE' SE #30/ City _~~ cY State ~~ ZIP 9~~3
NAMES AND ADDRESSES OF EACH INCORPORATOR (If necessary, attach names, addresses and signatures of each additional incorporator)
Name FIy~ ~ L LCD
Address _~D G ~AI/E S~Fi~"30 / ~;ty LA-G E % state "ZIP 9~TGt_3
SIGNATURE OF INC RPO ATSD
This do~ua+ertt"is~re y eXe u't ~ under penalties of perjury, and is, to the best of my knowledge, true and correct.
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CORPORATIONS INFORMATION AND ASSISTANCE - 360/753-7115 (TDD - 360/753-1485) oos.ooa Isroo>