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AgdaPkt 2011-09-12
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AgdaPkt 2011-09-12
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Last modified
2/24/2021 8:44:34 AM
Creation date
9/8/2011 5:43:24 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
9/12/2011
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6. 1. F. - Page 27 <br />membership shall cease and be converted to Class A voting membership on the happening of whichever <br />of the following events first occurs: (i) a prescribed date which is not later than the second anniversary of <br />the first conveyance of a subdivision interest in the most recent Phase of the Development; or (ii) a <br />prescribed date which is not later than the fourth anniversary of the first conveyance of a subdivision <br />interest in the first Phase of the Development. <br />Other than the provisions contained in Section 11.7, no provision of the Condominium <br />Documents which requires the approval of a prescribed majority of Members of the Association other <br />than Declarant for action to be taken by the Association is intended to preclude the Declarant from casting <br />votes attributable to Condominiums which it owns. Notwithstanding anything to the contrary herein, any <br />action for which the Condominium Documents require the approval of a majority of Members of the <br />Association other than Declarant shall require the vote or written assent of a majority of the Class B <br />voting power as well as the vote or written assent of a majority of the Class A voting power, or, upon the <br />conversion of Class B to Class A shares, the vote or written assent of a majority of the total voting power <br />of the Association as well as the vote or written assent of a majority of the total voting power of Members <br />other than Declarant. <br />Voting rights of a Member shall vest at the time Assessments are levied against such Owner's <br />Condominium or as provided in a subsidization plan which may be approved by the DRE, whichever <br />occurs first. Owners of Units in all Phases shall have the same voting rights. A "majority vote" means a <br />majority of votes in the Development as a whole, not a majority of votes of Owners in each Phase. <br />Notwithstanding the foregoing, Declarant shall have no control over the Association's ability to <br />decide whether or not to initiate a construction defect claim under Title 7 (Part 2, Division 2) of the <br />California Civil Code. During the period from the incorporation of the Association and the first election <br />of the Board of Directors, any decision whether or not to initiate a construction defect claim under Title 7 <br />shall be made by vote of a majority of the Members, excluding the vote of Declarant, which vote may be <br />either at a duly held meeting of the members, or may be by written ballot. During the period between the <br />first closing of an escrow within the Development and the election of a Board, at least two members of <br />the Board which were elected solely by votes of Members other than Declarant shall take any action <br />concerning construction defect claims under Title 7 (including, if necessary, the allocation of Association <br />funds) as requested by a majority of the Members other than Declarant. Upon the election of a Board of <br />Directors, which results in there being at least two (2) Directors elected solely by votes of Members other <br />than Declarant (Non- Declarant Directors), any decisions made thereafter by the Association about <br />whether or not to initiate a construction defect claim under Title 7 shall be made by the two (2) Non - <br />Declarant Directors, or in the event that there are more than three (3) Non - Declarant Directors serving on <br />the Board, by a majority of the Non - Declarant Directors; provided, further that any determination by such <br />Non - Declarant Directors to initiate a construction defect claim under Title 7 must be approved by at least <br />seventy -five percent (75 %) of the Members, excluding the vote of Declarant; provided, further that any <br />such determination by such Non - Declarant Directors to initiate a construction defect claim under Title 7 <br />shall be subject to the terms and conditions of Sections 10.3 and 10.4 of this Declaration. The provisions <br />of this section may be amended only with the vote or written consent of at least seventy -five percent <br />(75 %) of the Members, excluding the vote of Declarant. Reference is made to the Bylaws for further <br />details concerning the Board and voting procedures. <br />Section 3.7 General Duties and Powers In addition to the duties, powers and limitations <br />enumerated in the Articles and Bylaws of the Association or elsewhere provided for at law or herein, and <br />those enumerated in Section 7140 of the Corporations Code, and without limiting the generality thereof, <br />the Association shall: <br />17 <br />CCRS -One Marina. doex <br />
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