Laserfiche WebLink
The Association shall not impose or collect an assessment or fee <br />that exceeds the amount necessary to defrSy the costs for which it <br />is levied. <br /> <br />The subdivider (Declarant) and its succe r in interest, if any, <br />is an owner subject to the payment . regular and special <br />asse.~sments~ against Lots which it owns pIDvided, however that the <br />subdivider and'any other owner of a Lot ~hich does not include a <br />structural improvement for human occupan¢ f may defer that portion <br />of any assessment which is for the purpo~le of defraying expenses <br />and reserves directly attributable to the and the use of <br />the structural improvements. The exemptio may include, but shall <br />not necessarily be limited to: roof replacement, exterior <br />maintenance, walkway and carport lighting, refuse disposal, c~ble <br />television, and domestic water supplied living units. <br /> <br />Any ~_xemption from the payment of assessments attributed to <br />residences shall ~e in effect only 1 the earliest of the <br />following events: '~ <br /> <br /> (A) A notice of completion of the has been recorded; <br /> (B) Occupation or use of the dwelling <br /> (C) Completion of all elements of the <br /> which the Association is obligated to maintain. <br /> <br />The su~divider (Declarant) and any owner of a sL%bdivision interest <br />may defer the payment of any portion of as~essments which are for <br />the purpose of defraying expenses reserves directly <br />attributable to the existence and use of a facility that is <br />not complete at the time assessments Any exemption from <br />the p~fment of assessments attributed to facilities shall be <br />in effect only until the earliest of the ,llowing to occur: <br /> <br /> (1) A notice of completion of the facility has been <br />recorded; or <br /> (2) The com~non facility has been into use. <br /> <br />Not less than sixty (60) days prior to beginning of each <br />fiscal year, the Board shall estimate the charges to be paid <br />out of the maintenance fund during year (including a <br />reasonable reserve for contingencies) and ¢ tea copy of a <br />pro forma operating statement (budget) to ea ~ member. All funds <br />budgeted, allocated, assessed and col .ected for deferred <br />maintenance and capital improvements shall ~e designated and used <br />solely for those specific purposes. The pard shall not expend <br />funds designated as reserve funds for any purpose other than those <br />purposes set forth in Section 1365.5 of the alifornia Civil Code. <br /> <br /> 2O <br /> <br /> <br />