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201807442 budgeted. Any Special Assessment must be approved by two-thirds (2/3) of the votes cast by Members who are voting in person or by proxy at a meeting duly called for such purpose. So long as the Declarant owns any Lot, any Special Assessment must be approved in writing by the Declarant. Any Special Assessment shall be levied in an equal amount against each Assessable Lot. 8.4 Subdivision Assessments. All Subdivision Expenses shall be shown separately in the budget adopted by the Board. The Subdivision Expenses shall be assessed solely against the Assessable Lots within the Subdivision Assessment Area. No Subdivision Expenses shall be used in computing the Regular Assessments to be levied pursuant to Section 8.2. Unless otherwise provided for in the applicable Supplemental Declaration, Subdivision Assessments shall be levied in an equal amount against each Assessable Lot within the Subdivision Assessment Area. If the Board determines during any Assessment Period that any Subdivision Assessment is or will be inadequate to pay all Subdivision Expenses for any reason, including without limitation nonpayment of Subdivision Assessments by Owners, then the Board may increase the Subdivision Assessment for that Assessment Period and the revised Subdivision Assessment shall commence on the date designated by the Board. In addition to a Subdivision Assessment assessed pursuant to this Section, the Association may assess a special Subdivision Assessment against each Assessable Lot within a Subdivision Assessment Area for the purpose of obtaining funds to pay the cost of any construction, reconstruction, repair, or replacement of an Improvement situated on the Subdivision Common Area. Any such special Subdivision Assessment shall be levied in an equal amount against each Assessable Lot within the Subdivision Assessment Area. 8.5 Enforcement Assessments. The Association may impose an Enforcement Assessment against any Owner for any Collection Costs incurred as against the Owner and any monetary penalties levied against the Owner. The Enforcement Assessment shall be automatically imposed against an Owner at such time as the Collection Costs are incurred by the Association or, in the case of a monetary penalty, the date the monetary penalty is imposed against the Owner by the Board. 8.6 Assessment Period. The period for which each Regular Assessment is to be levied shall be the calendar year, except that the first Assessment Period shall commence on the first day of the first full month following conveyance of the first Lot to a Purchaser and shall terminate on December 31 of that year. The Board, in its sole discretion, may change the Assessment Period from time to time. 8.7 Obligation of Declarant and Designated Builders for Deficiencies. During the Declarant Control Period, the Declarant and the Designated Builders shall pay and contribute to the Association such funds as may be necessary, when added to the Assessments levied by the Association, to pay all Common Expenses of the Association as they become due. The payment of any such amounts shall be allocated between the Declarant and the Page 46 of 67