201904287 - Laserfiche WebLink

Browse

201904287 c. The expenditure, commitment and payment of Association funds to accomplish the purposes of the Association including, but not limited to, the costs of operating the Association, payment for the purchase of insurance covering the Commons against property damage and casualty, the purchase of liability insurance coverages for the Association, the Board of Directors of the Association and the Members, and the payment of taxes or governmental assessments as required or necessary. d. The exercise of all the powers and privileges, and the performance of all of the duties and obligations of the Association as set forth in this Declaration, as the same may be amended from time to time. e. The acquisition by purchase or otherwise, holding, or disposition of any right, title or interest in real or personal property, whenever located, in connection with the affairs of the Association. f. The deposit, investment and reinvestment of Association funds in bank accounts, securities, money market funds or accounts, mutual funds, pooled funds, certificates of deposit or the like. g. The employment of professionals and consultants to advise and assist the officers and Board of Directors of the Association in the performance of their duties and responsibilities for the Association. h. General administration and management of the Association, and execution of such documents and doing the performance of such acts as may be necessary or appropriate to accomplish such administration or management. i. The doing and performing of such acts, and execution of such instruments and documents, as may be necessary or appropriate to accomplish the purposes of the Association. j. The interpretation and definition of terms used in the Covenants to promote the purposes of the Association. k. Assuring that the lots and units built thereon are maintained including lawn care and exterior maintenance provided however such maintenance shall be at the cost of the homeowner. 1. Settling disputes between neighbors or party wall owners over the upkeep, repair or restoration of lots or buildings thereon. 2. It shall be the general obligation and duty of the Association to properly maintain and repairs all Common Areas, and recreational facilities, and all structures and improvements therein, or a part of the common system in accordance with reasonable standards as generally required by the City of Grand Island, and nothing in this Declaration shall be construed as any limitation upon the authority of the City of Grand Island to enter upon said property and perform necessary maintenance should the Association fail to do so, and to assess the property with the cost thereof. ARTICLES IV Property Rights in the Common Area A. Each Member of the Association shall, as a member of the association, have the right to use and enjoy the accessible Common Area, which shall be appurtenant to and shall pass with the interest requisite for membership held by such member; provided, that no Lot Owner shall construct any structures within the accessible Common Area without the prior written consent of the Association. The rights of the Members of the Association in and upon the accessible Common Area 7