Admin Order 53-07-10-F - Laserfiche WebLink

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1.2 Meanina of Component of Common Element. A component of a common element is a distinct and identifiable part of the common element which has an expected useful life which is different and shorter than other parts of the common element. To be distinct and identifiable a component must be typically sold and purchased as a unit. Usually a component will have moving parts and be an assembly which is distinct from the system of which it is a part. Components of common elements do not include surface finishes or paint or the individual parts of any assembly which assembly has a current replacement value of less that $200. Any such assembly shall be listed as a component but need not be further broken down to individual components. 1.3 Meanina of "Maior Repair". A "major repair" for purpose of estimating the replacement costs of common elements requiring major repair or replacement is a repair which is estimated to currently cost more than $2,000. For purposes of certifying the dates of past major repairs or renovation to common elements, a "major repair or renovation" is one costing more than $1,000 at the time of such work. 1.4 Estimate of Useful Life. The report shall estimate useful life based on the assumption that the maintenance of the element which has regularly occurred in the past will continue for the foreseeable future. An estimate of useful life may be based on different future expected maintenance only if the developer has an executed contract for that maintenance. 1.5 Availabilitv of Records. The summary of City building official records shall be based on those records available from the City of Eugene, Permit and Information Center, 99 West 10th Avenue, Eugene, Oregon 97401. 2. Rental History Report. 2.1 Contents. The rental history report shall disclose, if such information is available, the name and address of each tenant, the bedroom size of each dwelling unit in the building to be converted, the current rent and the date and amounts of any rent increases over the past year for each dwelling unit, the name of each special category tenant residing in the building at the time of notice of planned conversion, and, the name of any tenant who has been evicted in the previous three years, the current address of that tenant, the reasons for the eviction, and whether the tenant was elderly or disabled at the time of the eviction. 2.2 Form. The rental history report shall be on the form attached to these Rules as Exhibit 11. 3. Cash Reserve Escrow Account. The developer shall submit proof of establishment of the replacement reserve account required by ORS 94.072. The Administrative Order - Page 7