My WebLink
|
Help
|
About
|
Sign Out
Browse
99106377
LFImages
>
Deeds
>
Deeds By Year
>
1999
>
99106377
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/13/2012 6:13:58 PM
Creation date
10/20/2005 11:47:46 PM
Metadata
Fields
Template:
DEEDS
Inst Number
99106377
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
31
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
� 99 106377 <br /> running from tlie September 1 following Albertson's opening for business and continuing through <br /> the following August 31, and each corresponding 12-month period thereafter. <br /> 6.3 (a) If a Consenting Owner shall disapprove the Budget, such <br /> Consenting Owner shall communicate such disapproval and the specific grounds therefor in <br /> writing to the Maintenance Director. The Maintenance Director shall meet with the disapproving <br /> Consenting Owner within fifteen (15) days after the Maintenance Director's receipt of such <br /> notice of disapproval, and the parties shall each negotiate with the other in good faith to resolve <br /> any differences relating to the Budget. <br /> (b) Upon approval by the Consenting Owners, the Maintenance <br /> Director shall provide the Consenting Owners with written evidence that the required approval <br /> has been received. Thereafter, the Budget shall go into effect as of the beginning of the <br /> Maintenance Budget Year for which it is proposed (or the First Partial Maintenance Budget Year, <br /> if applicable) and shall be binding during that year (or partial year) upon all of the Owners in the <br /> Shopping Center, subject to the provisions hereof. Notwithstanding the foregoing, no <br /> Consenting Owner shall be obligated to pay its pro rata share of a Budget until such Consenting <br /> Owner has received written evidence that the required approval has been obtained pursuant to <br /> this Section 6.3(b). <br /> (c) If the Budget is approved, the Maintenance Director shall provide a <br /> copy of it to all Owners and shall then proceed to operate, insure, maintain and repair the <br /> Common Area during the ensuing Maintenance Budget Year (or the First Partial Maintenance <br /> Budget Year, if applicable) in accordance with the final approved Budget. The Maintenance <br /> Director shall not incur any expense not included in the final approved Budget (except for any <br /> increased utility and snow and ice removal expenses incurred during such period, which shall be <br /> treated as set forth below) or not subject to Section 6.6 or 6.7 below, without the written <br /> permission of the Consenting Owners. <br /> (d) Notwithstanding the foregoing, the Maintenance Director shall be <br /> entitled to exceed the Budget by up to a five percent (5°Io) increase for any single item (provided <br /> that the aggregate of such increases shall not exceed five percent [5%] of the Budget), not <br /> including increased utility expenses and expenses for snow and ice removal, as discussed in this <br /> Section 6.3 or the emergency repairs discussed in Section 6.6, without prior written approval <br /> from the Consenting Owners. <br /> (e) The Maintenance Director shall notify the Consenting Owners <br /> within thirty (30) days of(i) receipt by the Maintenance Director of notice of an increase in utility <br /> costs for the Shopping Center, or (ii) reasonable determination by the Maintenance Director that <br /> there will be an increase in Common Area maintenance expense due to unusually high and <br /> unforeseeable cost of removal of snow and ice in years when the snowfall is significantly above- <br /> 7 <br />
The URL can be used to link to this page
Your browser does not support the video tag.