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<br /> � ,�:.�� _ . � . applicable tQ that year onlp �or. the purgo�e . . � �� �� �4b� s{;,,�--_.
<br /> }` t�" `; . , o€ defrapiag, i.n whole or in gart, the costs < �:;.�� -
<br /> _ of aay const�uation, repair, replacement and �-�>�:���=-
<br /> ,.a . ,v..����_
<br /> � ,��`�...� , normal maiateaance of capi�al impiovements ^-- --
<br /> upoa the coa�o�a areas, b�at slips, including � ��.____.
<br />°�:::�a.���_ � , - ;,
<br />- �� .,...,� f�tures -�nd personal praperty related �•���.^-
<br />`.`�;=*��`,3�;:.g • . th�eto. Aity assessment shall have the assest :_=--
<br /> `'�" � � ' �� twa-tflirds (2 j3) of the votes of each claas -
<br /> '..`` x��'�`; � �� mem�era who are voting ia persoa os bp ��-�----=
<br /> . :�.,��: -_---
<br />`-�_�-; pro$y at a meeting c2uly called fos this -_-_
<br />-��:�.�,,:.�L . _ - __ -
<br /> _ :�,.��;.r.s� . pusp�se. . --= - -- -
<br /> ;��,'���t:'r4 �
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<br />-�ra5.f;S��
<br /> x j�i.- , —
<br /> ��_�L .,: e. �th annual aa� special assess��nts must. be =__
<br /> ., N::, -. ;
<br />��.:_,-��.��-:.� fised tnai�ormly for al�. lot owa�rs aad estate . --
<br /> _.._f_:_��: block o�-akers, eacept � twa lots or estate . t;�`=�-=_—=-=
<br /> �=- =` =- --._..---... _... -- --�--. . .:... .blocks-are_.combined_to..��ria._An�._l�rger_��t_o�... . ..- --....._._ .. .._ _!. .. ,�
<br /> ` `�' estate block the asses�ment for this aewl � _
<br /> , Y � �_��;
<br /> �'��r`��"�" fora�ed lot or estats block shall be one and __
<br /> ..' � - � one-half t i�) tiiaes the asaessed amonnt for a -- -
<br /> =;�,�.� � sfagle lot or estate block. Thia aewly formed � ��-
<br /> �� � � larqer lot or estate-block shall-have one (1) �°�_
<br /> ,' , � � , Class A notiag.meutberahip. � . ��_,�:_
<br /> . ,----
<br /> �� �� f. The assessments levied by the �ssociatioa ''---- -- _
<br /> ` �� .. ', � shall be used eaclusively to promote tlae ���^°-
<br /> �'..,,: =�. � recreation, health, sa€Qty and we].faze mg the ��
<br /> ,;, ..;.;,�: : . resf.dents to mai.atafa co�on green areas and .
<br /> -�"-r"�:� streets aad to enforce the covenants to. -
<br />-_- :._.:_ . pres�zve the appearaace of the development for . �=-
<br /> "'��=:�:`�:�: the benefit of a�.l the zesidents of the -, ,-
<br /> � ' co�►unity. The assessments levied by the F'z.�`
<br />�..'�i:)°•:,:�w�r,.:
<br /> y.._,
<br />:;::�:.,�.A-- �� Aasociatioa shall be used for, but aot l�mited , �,_ _
<br /> :�.._.�, .`� to, accountinq, legal, insuraace for common � ,,
<br />_-'�ar t���:`_' -
<br /> �_---.=m•.:, areas, landscape maiatenance of common areas, �-� ,__
<br />��; ; ':��� � lake mainteaaace, boat raiap maintenance, y �-
<br /> ==:�"�`� street maintenance iacludin saow removal, ��'��_
<br /> 9 � -_
<br /> r,:��'�.�Y � costs for street ligbta aad utility charges, � � ��.,��
<br /> �:=i � .� en�ry gate and we].l maintenance. ""'�"�
<br /> �:,.�:: � ---_=-=__�
<br /> -_ .f..'.1.•. „ai�--_+�--'- —
<br />.._,w,r.,�.'� � • �i- .,�Y�
<br /> g Notice, quorum and votinq requiremeats of any _ ___
<br /> � . meeting called for the purpose of taki�g any �;:� -
<br /> - ' . � actioa authorfzed under subparagraphs 2, 3 and ••'� ��'':`.�'==�
<br /> ' � - � � 4 shall be governed by �he Asticles of � '`'
<br /> � � �� ' In�orpotatfon aad Bylaws af �he Ponderasa Lake . �� '�.±,��-
<br /> ,':-;°:�:�,::� �:.:� Estates Homeowa�rs Associatfon. . �. �. • � �
<br />..-._ _ _.� � . � �
<br /> ,��_.�:������':Y � 5. Payinent� of A�sessmeats. Peqgy Rae, her successors anc� �, � �.�_
<br /> `��;��:�p Y � � � "
<br /> �t _`: assigns, fcor each lot awned within the Ponderosa I.ake Estates � � �
<br /> _ ' • �
<br /> �-'�"�'�'� Sstbdivision Y Y � �
<br /> _:,.:,:��.���� , hereby covenants, aad each owner of an lot b .
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