AgdaPkt 2011-12-12 - Laserfiche WebLink

Browse Search

6.1. F. - Page 16 nat be expended fot• any purpose other than repairing, replacing or adding ta the major improvements or ��tures tliat the Assaciation is obligated to maintain withtiut tl�e consent af Owners holdin� a majority af t�e voting powe�• eitl�er at a duly held �eeting o�• by writt�n �a11ot. D. Regular assessments shall corninenee as to all Lots on the fi�•st day of the naonth after conveyance of a Lot to a party wha �s not tl�e Decla�•ant oz� at� Affiliate of the Declarant. For purposes of this Agreement, an "A��liate" of Declarant ineans the me�nbers, partners or constituent shareholders of Dec�arant, o�' any other partnetship, corporation, limi�ed �iability coinpany or other entity ownec� oz� cant�'alled by Declarant or by th� satxte per�ons who own or cont�•ol Declaz�at�t. The Board of Directors shall dete�•mine and �ix the ainount of the annual regula�• assessment against each Lot and send written notice the�•eof to every Owner at least forty-five {45} days in advance of each annual assesszne��t period. The Board shall establish the due dates of assessments. Unless the Board determines otherwise, regular assessments shall 6e payable in equal one twelfth {1/12th) monthly increinents, due and payable on the fitst day of eaeh rrZOnth. Special assess�nen�s shall be due and payable wit��in thi�•�y {3�) days after notiee to the Owners froin the Assaciation. E. T�1e Association may adopt and �nodify reasonable Rules that are not ii�consistent wit�� this Decla�•atior► or applicable law zelating to the use of the Common A�•ea and all its facilities, and the conduct of �wners and theit• tenants and guests with respect to the Project and the other Owne�•s. F. Fot• the purpose of performing constt•uction, inaintenance or e�nergency repair for the benefit a� the Cominon Area or the Owners in co�nmon, the Association's agents shall have the right, after reasonable j�otice (not less than seventy-two (72) ha�rs except in emergencies) to the Owner thereof, to enter any Lot o�� to s�ter any po��kion of the Com�nan A�•ea at reasonable hof�ts. Such entty shall be made with as little incoza�enience to the Ow�jer as practicable and any damage caused �hereby sl�all be repaired by the Association at the expense of the Association. 3.5 Co�nmencement of Association's Duties and Powers: Until the c�osing of sales of fifty percent (50%} of the Lots in t�e Praject to Persons other than tne Declarant o�• Affiliates of Declarant, ar such earlier date as the Declaz•a�t �nay determine, all duties and powe��s of t1�e Association as desc�•i6ed het•ein, including all rights of consent and approval and the Ievying and collection of Assessments, shali be artd x�einain t1�e duties and powers of Declat�ant. F�•om attd afte�• the closing of sales of fifty per cent (50°/v) of the Lots in the Project ta Persons other than the Decla�•ant a�• Af�'iliates af Declarant, or such earliei date as the Declara��t may cletermine by written noti�cation to the Association, the Association shall assume all af such duties and powers af management and opera�ion of the Association and the Declarant shall be relie�ed of any �ut�ther liability fo�• such duties and pawers. ARTICLE IV UT�L1TrES �4,1 Ow��ers Rights and DE�ties: The �•ights and duties af the Owners of Lots within � the Project with �•espect to sanitary sevver, water, stox•�� drainage, electric, gas, television AT�'Y/AGR12fll l.133 DECLARATION O�' CGRs-KENTFI�LD �r;v: t 2�o ut E -�-