AgdaPkt 2014-06-23 Closed and Joint SA

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7.1.L. - Page 76 (iii) The location, if any, designated for posting of a general notice, pursuant to Civil Code section 4045(a)(3). (iv) Notice of a Member's option to receive general notices by individual delivery, pursuant to Civil Code section 4045(b). (v) Notice of a Member's right to receive copies of meeting minutes,pursuant to Civil Code section 4950(b). (vi) The statement of assessment collection policies required by Civil Code section 5730. (vii) A statement describing the Association's policies and practices in enforcing lien rights or other legal remedies for default in the payment of assessments. (viii) A statement describing the Association's discipline policy, if any, including any schedule of penalties for violations of the Governing Documents pursuant to Civil Code section 5850. (ix) A summary of dispute resolution procedures,pursuant to Civil Code sections 5920 and 5965. The summary required by Civil Code section 5965 shall include the following language: "Failure of a Member of the Association to comply with all the alternative dispute resolution requirements of Section 5930 of the Civil Code may result in the loss of the Member's right to sue the Association or another Member of the Association regarding enforcement of the Governing Documents or the applicable law." (x) A summary of any requirements for Association approval of a physical change to property, pursuant to Civil Code section 4765. (xi) The mailing address for overnight payment of assessments, pursuant to Civil Code section 5655. (xii) The annual policy statement shall include the notice required by Civil Code section 5730(a) in at least 12-point type. (xiii) Any other information that is required by law or the Governing Documents or that the Board determines to be appropriate for inclusion. 5.10.5 Transfer Documents. Copies of the transfer documents described in Civil Code section 4525 shall be provided to any Owner or any other recipient requested by Owner within ten days of the mailing or delivery of a written request. The transfer documents shall be provided and reasonable fees charged in accordance with the procedures, requirements and restrictions set forth in Civil Code section 4530. 5.11 Enforcement of Bonded Obligations. If the Association is the obligee under a bond or other arrangement("Bond")to secure performance of the commitment of the Declarant or a successor or assign to complete the Common Area Improvements not completed at the time the California Bureau of Real Estate issued a final subdivision report,the Board will consider and vote on the question of action by the Association to enforce the obligations under the Bond with respect to any Improvement for which a notice of completion has not been filed by the later of: (i)60 days after the completion date specified for that Improvement in the "planned construction statement" appended to the Bond; or (ii) 30 days after the expiration of any written extension given by the Association. If the Board fails to consider and vote on the action to enforce the obligations under the Bond, or if the Board decides not to initiate action to enforce the obligations under the Bond,then on receipt of a petition signed by Owners representing not less than 5%of the total voting power CLSS\51643\927586.5 22 June 16,2014