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98'� io4o90 <br /> 6. Bv-Laws. ��By-Laws" shall mean the By-Laws of the <br /> Association and any amendments or supplements to such By-Laws. <br /> 7. Common Area. "Common Area" shall mean Outlot "A" , the <br /> private street which is named Francis Drive. <br /> 8. Declarants. t'Declarants" shall mean Robert W. <br /> Giesenhagen and Meadow Ranch Co. , A Colorado Corporation. <br /> 9. Dwellinar. �'Dwelling�� shall mean any building or portion <br /> of a building situated upon a lot designed and intended for use and <br /> occupancy as a residence by a single family. <br /> 10. Lot. "Lot" shall mean any one of Lots One (1) through <br /> Twelve ( 12) in Francis Court Subdivision. <br /> il. Member. "Member" shall mean an owner of a lot in Francis <br /> Court Subdivision. <br /> 12. Francis Villa Courtyard Homeowners Association, Inc. <br /> Rules and Requlations. "Francis Villa Courtyard Homeowners <br /> Association, Inc. Rules and Regulations" shall mean the rules <br /> adopted by the Board pursuant to Articles II and III. <br /> 13. Owner. "Owner�� shall mean the record owner, whether one <br /> or more persons or entities, of a fee simple title to any lot in <br /> Francis Court Subdivision. Owner may include a person or persons <br /> or entities under a recorded contract if the record owner executes <br /> a release and transfer of his or her voting rights to the contract <br /> purchaser. Others having an interest merely as security for the <br /> performance of an obligation are not owners. In the case of lots <br /> wherein the fee simple title is vested in a trustee pursuant to <br /> 3 <br />