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HomeMy WebLinkAboutExecuted Articles of Incorporation for Association - Astra CondominiumArticles of Incorporation page 1 ND: 16368.00608 4889-9960-6235v1 ARTICLES OF INCORPORATION OF ASTRA CONDOMINIUM ASSOCIATION The undersigned, acting as incorporator of a corporation under the Washington Nonprofit Corporation Act (Ch. 24.03A RCW), adopts the following Articles of Incorporation for the corporation. ARTICLE 1. NAME The name of this corporation is Astra Condominium Association (“Association”). ARTICLE 2. DURATION The duration of this Association is perpetual. ARTICLE 3. PURPOSES This Association is organized as a non-charitable nonprofit to provide an entity pursuant to the Washington Uniform Common Interest Ownership Act, Ch. 64.90 RCW, hereinafter referred to as “WUCIOA,” for the operation of Astra Condominium (the “Condominium”) located in the City of Renton, King County, Washington, and to engage in all such activities as are incidental or conducive to the attainment of the objectives of the Association and all activities which are permitted to be done by a nonprofit corporation under any laws that may now or hereafter be applicable or available to this Association. The powers of this Association shall be subject to and shall be exercised in accordance with WUCIOA and the provisions of the Condominium Declaration for the Condominium, as it may from time to time be amended, hereinafter referred to as the “Declaration.” ARTICLE 4. GROSS REVENUE The gross revenue of the Association was less than $500,000 in the most recent fiscal year. ARTICLE 5. DISSOLUTION Upon dissolution or final liquidation of the Association, the assets of the Association shall be distributed among the members of the Association in accordance with WUCIOA and the Declaration. Docusign Envelope ID: 03F09ECA-9DA9-419C-BD2A-B7E534B6AE05 Articles of Incorporation page 2 ND: 16368.00608 4889-9960-6235v1 ARTICLE 6. MEMBERS The Association shall have one class of members, which shall consist of the owners of the units at the Condominium. The rights, privileges, and obligations of the members are set forth in WUCIOA, the Declaration, and the Bylaws of the Association. ARTICLE 7. REGISTERED OFFICE AND AGENT The name of the initial registered agent of the Association is Solera Manager, LLC, a Washington limited liability company. The address of the initial registered office of the Association is 10900 NE 8th St Ste 1200, Bellevue, WA 98004. ARTICLE 8. DIRECTORS The number of directors of this Association shall be fixed by the Bylaws and may be increased or decreased from time to time in the manner specified therein. The initial Board of Directors shall consist of one (1) director. The name and address of the initial director is as follows: Evan J. Hunden 10900 NE 8th St Ste 1200, Bellevue, WA 98004 ARTICLE 9. LIMITATION OF LIABILITY A director of the Association shall not be personally liable to the Association or its members for monetary damages for conduct as a director, except for liability of the director (a) for acts or omissions which involve intentional misconduct by the director or a knowing violation of law by the director, (b) for any transaction from which the director will personally receive a benefit in money, property or services to which the director is not legally entitled, or (c) for conduct violating RCW 23B.08.310. Any repeal or modification of this Article by the directors or members of the Association shall not adversely affect any right or protection of any individual who is or was a director of the Association which existed at the time of such repeal or modification. ARTICLE 10. INDEMNIFICATION The Association shall indemnify any individual made a party to a proceeding because that individual is or was a director or officer of the Association to the extent provided in RCW 23B.17.030. Any indemnification provided under this Article shall, unless limited by the terms of the undertaking to indemnify, continue as to a person who has ceased to be a director, Docusign Envelope ID: 03F09ECA-9DA9-419C-BD2A-B7E534B6AE05 Articles of Incorporation page 3 ND: 16368.00608 4889-9960-6235v1 officer, employee, or agent and shall inure to the benefit of his or her heirs, executors, and administrators. Any repeal or modification of this Article by the directors or members of the Association shall not adversely affect any right or protection of any individual who is or was a director or officer of the Association existing at the time of such repeal or modification. ARTICLE 11. AMENDMENT Any amendment to these Articles of Incorporation shall require the approval of not less than sixty percent (60%) of the votes of the members of the Association and such other approvals as may be required in the Declaration. ARTICLE 12. INCORPORATOR The name of the incorporator is Solera Manager, LLC, a Washington limited liability company. Its address is 10900 NE 8th St Ste 1200, Bellevue, WA 98004. EXECUTED as of ___________________, 2024. Solera Manager, LLC, a Washington limited liability company Name: Evan J. Hunden Its: Managing Member August 27 Docusign Envelope ID: 03F09ECA-9DA9-419C-BD2A-B7E534B6AE05 Articles of Incorporation page 4 ND: 16368.00608 4889-9960-6235v1 CONSENT TO APPOINTMENT AS REGISTERED AGENT OF ASTRA CONDOMINIUM ASSOCIATION Solera Manager, LLC, a Washington limited liability company, hereby consents to serve as Registered Agent in the State of Washington for Astra Condominium Association, and understands that, as agent for the Association, it will be responsible to receive service of process in the name of the Association; to forward all mail to the Association; and to immediately notify the office of the Secretary of State in the event of resignation, or of any changes in the registered office address of the Association. DATED as of _____________________, 2024. Solera Manager, LLC, a Washington limited liability company Name: Evan J. Hunden Its: Managing Member Address of Registered Agent: 10900 NE 8th St Ste 1200, Bellevue, WA 98004 August 27 Docusign Envelope ID: 03F09ECA-9DA9-419C-BD2A-B7E534B6AE05