200409420 - Laserfiche WebLink

Browse

200409420 Declarant has reserved the right to add up to twenty -eight (28) more units along with additional real estate of up to fourteen (14) additional lots, being Lots One (1) through Seven (7), inclusive, Lot Nine (9), and Lots Nineteen (19) through Twenty -four (24), inclusive, Westwood Park Seventh Subdivision to the City of Grand Island, Hall County, Nebraska, to the condominium. Upon the filing of an Amended Master Deed and Declaration, the owners of the additional units shall automatically become members of this Association and the common expenses and the undivided interests in the common areas will be reallocated upon a formula utilizing the square footage of each unit (exclusive of basements) divided by the total square footage of all units (exclusive of basements). Each unit shall remain entitled to one (1) vote per unit. The number of votes for the expanded Association shall be the aggregate number of votes and the rules for a quorum, for determining whether an action shall be taken, for election of the members of the Executive Board and all other purposes shall be as provided in these By -Laws. Annual and special assessments shall be in proportion to allocated interests as herein set forth, except as follows: (a) Any common expense associated with the maintenance, repair or replacement of a limited common element must be assessed against the units to which that limited common element is assigned; (b) Any common expense, or portion thereof, benefitting fewer than all of the units must be assessed against the units benefitted; and (c) Any common expense caused by the misconduct of any unit owner or such unit owner's invitee may be assessed by the Association exclusively against that owner's unit. If common expense liabilities are reallocated, common expense assessments and any installment thereof not yet due shall be recalculated in accordance with the reallocated common expense liabilities. The following, consisting of the record title owners and mortgage lien holders on the described parcels of real estate, hereby consent to said amendments as aforesaid by signing this document, which shall be recorded in the Office of the Register of Deeds of Hall County, Nebraska. D