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84 005507 management fees; expenses and liabilities incurred by the Board on behalf of the Owners under or by reason of the Condominium Documents; the creation of reasonable contiiagency reserves, working capital, and /.^.r si nl ng- hinds; and any and all other costs and expenses relating to the Common Elements and /or the Project. Written notice of the annual assessment shall be sent to every Owner subject thereto. The due dates shall be established by the Board. (E) Each Owner shall be obligated to pay all charges for any separately metered utilities, including but not limited to electricity, gas, and cable television, servicing his /her Condominium Unit. In the event that any utili- ties are master metered, then such utility service shall be part of the Common. Expense assessments as hereinbefore provided and shall be allocated to Class A" vaaa,.a yr va aaac, ucf,caauau�, uyvaa uac u,oaas a ac,T u. _ - separately metered. Allocations shall be based on respective Allocated lnterR ests. (F) The omission or failure to fix the assessment or deliver or mail a statement for any period shall not be deemed a waiver, modification', or release of the Owner from the Owner's obligations to pay the same-. (G) The Association, at the discretion of the Board, may establish a reserve fund for the maintenance, repair. and replacement of those Common Elements that must be replaced perioAicrri -v and sueh reserve fund shall be funded through the payments of .k, Common expenses, including the advances for working capital provided for in Paragraph 23 (Assessment Reserves and Working Capital Account) and not by extraordinary special assessments. (H) In addition to the assessments authorized above, the Association may at any time and from time to time determine, levy, and assess in any assessment year, which determination, levy, and assessment may be made by the Board with the consent of two - thirds (2/3) of the votes of the Members of the Association who are voting in person or by proxy, a special assessment applicable to that particular assessment year for the purpose of defraying, in whole or in part, payments for any deficit remaining from a previous period and the unbudgeted costs, fees, and expenses of any construction, region- - - = W :V - -- main+ th - Common. _ep r, dan£14 }. �= -_ - ,. . -_ '::e . Elements, specifically includingany fixtures and personal property relating; thereto. The amounts determined, levied, and assessed pursuant hereto shall be divided among all of the Units in accordance with the Unit's Allocated Interest depending on what class of Property is to be benefitted, and shall be due and payable as set forth in the Notice of Assessment promulgated by the Board. (I) All Owners of a particular Condominium Unit shall be jointly and severally liable to the Association for the payment of all assessments attri- butable to such Condominium Unit, including the annual assessment for Com- mon Expenses and special and penalty assessments assessed against their particular Condominium Unit. (J) In addition to the regular and special assessments authorized by this Paragraph, the Association may levy penalty assessments which will include penalties or fines imposed against individual Owners for violations of -19- a 91 I