AgdaPkt 2014-05-12 Joint with Planning

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7.1.F. - Page 85 peripheral equipment, sprinkler system repair, and required inspections and certifications)[e] costs and expenses for Project drainage and storm water detention or treatment and [f] any costs and expenses incurred by the Association for maintenance, repair and replacement of sidewalks and street trees located in the public rights of way adjacent to the Project, if and to the extent such maintenance, repair and replacement of sidewalks and street trees is required by any City Project approvals or other agreements with the City. (2) The costs to the Project for the obligations under the Landscape Maintenance Agreement made between Declarant and the City shall be included as Common Expenses of the Association and shall be included as a part of the General Use Common Expenses. (3) The costs to the Project for the obligations under the Stormwater Treatment Measures Maintenance Agreement between the Declarant and the City shall be included as Common Expenses of the Association and shall be included as a part of the General Use Common Expenses. (4) Reference is made to the Association Budget for further detail regarding the particulars expenses in each category. (5) General Use Common Expenses shall first be allocated and assessed to the Commercial Units based upon the relative square footage of each of the Commercial Units as compared to the total of the net rentable square footage of all of the Units, including all of the Residential Units and Commercial Units, in the Project as such Units are shown and described on the Condominium Plan. [By way of example: if the total net rentable square footage of all of the Units in the Project, including all of the Residential Units and Commercial Units is 406,250 square feet and the total aggregate square footage of Commercial Unit A is 10,000 square feet, the percentage of General Use Common Expenses to be allocated and assessed to Commercial Unit A would be 10,000/406,250 or 2.46%] (6)After such allocation to the Commercial Units the remainder of the General Use Common Expenses shall be divided equally among and assessed to all of the Residential Units, except for the following General Use Common Expenses that will be prorated among such Residential Units as follows: Those General Use Common Expenses for items that are reasonably expected to provide certain Residential Unit Owners with benefits at least ten percent (10%) greater than other Residential Unit Owners with different sizes of Units shall be prorated according to each Unit's General Assessment Share as set forth in Exhibit °A". Those General Use Common Expenses that shall be prorated as described above shall be expenses for (i) administrative (insurance, miscellaneous administrative), (ii) security and life safety (fire alarm system-monitoring, fire alarm system-service and inspection, fire sprinkler system-service and Inspection, miscellaneous security and life safety), (iii) building exteriors (awning-metal, brick repair, caulking, exterior doors, metal cornice repair, polymer panel repair, metal railing repair, stone repair, stucco paint, stucco repair), (iv) roofing system (built up roofing, roof deck waterproofing, roof drainage, skylights), and (v) safety-fire and life safety system (electrical wiring, central equipment, peripheral equipment, sprinkler system repair, 3 year certification). (7) All General Use Common Expenses not prorated among Residential Units as described above shall be assessed to each Residential Unit Owner equally, notwithstanding a Unit's General Assessment Share. Reference is made to the Association's Budget for further detail regarding the prorated General Use Common Expenses. C. "Residential Common Expenses" are those expenses relating only to the Residential Units and those portions of the Common Area used exclusively by the Residential Unit Owners as the "Residential Use Common Area". Residential Common Expenses shall include all Common Expenses of the Project other than those expressly established under this Declaration as General Use Common Expenses or Garage Expenses. (1) Residential Common Expenses shall be allocated and assessed to each Residential Unit Owner as set forth below and as more specifically itemized In the Association Budget. Residential Common Expenses fall within the following general categories: general maintenance, custodial, landscaping, security and life safety, utilities, and Reserves for 22 [DRAFT][05.03.14] C:\Program Files\Neevia.Com\Document Converter\temp\4056.doc