Declaration of CC & Rs-Redwood Shores Owners Association

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• , and in that event the Property shall be restored to its natural ` state and maintained as an undeveloped portion of the Common v Area by the Association in a neat and attractive condition. o 0 Section 5. Repair and Reconstruction. If the damage 2 or destruction for which the insurance proceeds are paid is to I be repaired or reconstructed, and such proceeds are not suffi- y tocient to defray the cost thereof, the Board of Directors shall, ioar without the necessity of a vote of the Members, levy a special co 7 assessment against all Owners in proportion to the number of Residential Units owned by such Owners. Additional assessments may be made in like manner at any time during or following the ►-+ completion of any repair or reconstruction. If the funds avail- r...cn able from insurance exceed the cost of repair, such excess shall 0 be deposited in the Association's capital improvement account. L1 In any fiscal year, the Board may not, without the vote or writ- g ten assent of a majority of the voting power of the Association • residing in Members other than the Declarant, levy such special assessments which in the aggregate exceed five (5%) percent of , ''i''. . the budgeted gross expenses of the Association for that fiscal •-a ,.: J year. t WS,. :113'14 4 i i`� ARTICLE VI 1VAI* 1 ';« CONDEMNATION 1 `i$ ^, Whenever all or any part of the Common Area shall he ■ *+ '.#!;* taken (or conveyed in lieu of and under threat of condemnation ! '• • �E 1',ki - ttiA 1 -16- ., sir :li i. • t. l ' : :' ,; >%,+y i , A w P' •„ .e 1, to %, ,,.i • ), . 4, `+ " tr•r� •• • * w .'• `°•, .•; ;Si 1 t +t T•., 4 A,'j ",x~19 ~ ` 1. `t'' • .r , . +: ,,',..+} ti 4•:,", •:.: •4, ,1 { W . r� t • .