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204408683 <br />(d) Installation and maintenance of signage specific to the Association; or <br />(e) Installation and maintenance of lighting. <br />In the event any improvements, such as fences, planters or similar obstructions or <br />plantings, such as gardens, shrubs, plants or trees, increase the cost to the Association of <br />performing ground maintenance service for any lot, the additional cost shall be paid by the Lot <br />Owner, or the Association may discontinue this service without any reduction to the dues or <br />assessments paid by the Lot Owner. <br />The Association is specifically authorized hereunder to contract with any third party to <br />manage the Properties or provide maintenance as provided herein. <br />In the event that any maintenance or repair is caused through the willful or negligent act <br />of any Owner, his or her family, guest or invitees, the cost of such maintenance shall be promptly <br />paid by such Owner. <br />11. Monthly, quarterly or annual dues and special assessments, other than for capital <br />improvements, may be levied by the Board of Directors of the Association for services provided <br />by the Association. Any special assessment for capital improvements may be rejected at any <br />time within thirty (30) days of the notice of levy by the vote of a majority of the Owners affected <br />and entitled to vote, at a regular meeting of the Owners or at a special meeting of the Owners, if <br />notice of a special assessment is contained in the notice of the special meeting. Dues and <br />assessments shall be uniform as to each Lot within the Properties, provided; however, that only <br />those Lots abutting the lake shall pay for the costs associated with the repair and maintenance of <br />boat docks and beachfronts abutting the Lot for which such repair and maintenance is <br />attributable. <br />Owners shall pay such dues and special assessments to the Association upon receipt of <br />billings therefore. Each Owner's dues shall be determined on an annual basis payable monthly, <br />quarterly or annually as the Association's Board of Directors may determine, prorating a <br />fractional year that may occur by issuance of a building permit for any dwelling. The amount of <br />dues and assessments payable shall be based upon an estimate of the Association's cost for <br />administration, maintenance and projected property improvements and each Owner shall pay the <br />dues so established in advance upon receipt of written notice of the amount thereof from the <br />Association. At the end of each fiscal year, a statement of the total year's Association operating <br />costs may be presented to Owners and the Owners shall pay any excess charge to the Association <br />within thirty (30) days of receipt of a statement for that Owner's allocated share of excess <br />charges. <br />All such dues and assessments shall further be subject to the following provisions: <br />(a) The Association at its annual meeting of Owners shall prepare, <br />approve and make available to each Owner a budget containing: (1) estimated <br />revenue and expenses on an accrual basis; (2) the amount of any cash reserves of <br />the Association currently available for services the Association provides and for <br />contingencies, (3) an itemized estimate of the remaining life of, and the methods <br />of funding to defray repair, replacement or additions to the improvements <br />provided, maintained or installed by the Association; and (4) a general statement <br />setting forth the procedures used by the Association in the calculation and <br />establishment of reserves to defray the costs of repair, replacements or additions <br />to the improvements provided, maintained or installed by the Association. <br />