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AgdaPkt 2015-06-22 Interview and Joint SA PFA
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AgdaPkt 2015-06-22 Interview and Joint SA PFA
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Last modified
6/23/2015 5:05:47 PM
Creation date
6/18/2015 5:35:56 PM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/22/2015
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69 <br />6557.03/12309 <br />ARTICLE 11 <br /> <br />GEERAL PROVISIOS <br /> <br />Section 11.1 Severability. Should any provision or portion hereof be declared invalid or in <br />conflict with any law of the jurisdiction where this Development is situated, the validity of all other <br />provisions and portions hereof shall remain unaffected and in full force and effect. <br /> <br />Section 11.2 Term. The covenants and restrictions of this Declaration shall run with and bind <br />the Development and shall inure to the benefit of and shall be enforceable by the Association or any <br />Owner and their respective legal representatives, heirs, successors and assigns for a term of fifty (50) <br />years from the date this Declaration is recorded after which time they shall be automatically extended for <br />successive periods of ten (10) years unless a majority of the voting power of the Association elects <br />otherwise. <br /> <br />Section 11.3 Amendments. Prior to closing of the first sale of a Condominium from <br />Declarant to an individual Owner, this Declaration may be amended in writing by Declarant upon prior <br />consent to such amendment by the BRE, if such consent is required by the BRE. After the closing of the <br />first sale of a Condominium to an individual Owner and during such time as there are two classes of <br />voting membership in the Association, this Declaration may be amended only by the vote or written <br />assent of not less than seventy-five percent (75%) of the voting power of each class of voting Members <br />and an appropriate percentage of Mortgagees of First Mortgages, if applicable. After the conversion of <br />Class B memberships into Class A memberships as provided in Section 3.6, this Declaration may be <br />amended only by the vote or written assent of sixty-seven percent (67%) of the voting power of the voting <br />Members of the Association as well as the vote or written assent of a majority of the total voting power of <br />the voting Members other than Declarant and an appropriate percentage of Mortgagees of First Mortgages <br />as set forth in Article 8 of this Declaration. <br /> <br /> (a) A proposed amendment shall be distributed to all Owners by first-class mail or <br />personal delivery not less than fifteen (15) days and not more than sixty (60) days prior to a vote on the <br />amendment by the Members of the Association. A copy of an amendment adopted by the Members of the <br />Association shall be delivered to the Owners by first-class mail or personal delivery immediately upon its <br />recordation. Any amendment shall be evidenced by an instrument executed and acknowledged by the <br />President, Secretary or other duly authorized officer of the Association, shall make appropriate reference <br />to this Declaration and its amendments and shall be recorded in the Official Records of San Mateo <br />County. <br /> <br /> (b) Notwithstanding the above in this Section 11.3: (i) the percentage of the voting <br />power of the voting Members of the Association or of voting Members other than Declarant necessary to <br />amend a specific clause or provision of the Declaration shall not be less than the percentage of affirmative <br />votes prescribed for action to be taken under such clause or provision, (ii) the Board shall have the power <br />to amend this Declaration without an Association vote if the amendment is technical in nature or to make <br />necessary factual corrections, (iii) any provision in this Declaration that specifically confers rights or <br />benefits on Declarant as the Declarant and not any other Owner shall not be amended or rescinded <br />without the prior written consent of Declarant, (iv) the provisions of Section 10.3 (Required Actions Prior <br />to Certain Legal Actions or Proceedings), Section 10.4 (Design or Construction Defect Claims) and <br />Section 11.5 (Limitation on Restrictions Against Declarant) shall not be amended without the prior <br />written approval of Declarant, and (v) any such voting of the Owners regarding amendment to the <br />condominium documents shall comply with the applicable procedures in Civil Code Sections 5100-5130. <br /> <br />7.1.K. - Page 73
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