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_, <br />$1--X03337 <br />through the willful or negligent act of the Owner, his or her <br />family, guests, or invitees, the cost of such mainteance or <br />repairs sha11 be added to and become a part of the regular <br />assessments to which such Lot is subject. The Association s- <br />specifically authorized hereunder to contract with any professional.- <br />management company, including any management company related to <br />or affiliated whiz Declarant, to furnish professional management <br />of the Properties and to provide said exterior maintenance as_ <br />set forth herein. <br />Section 3. Maximum Annual Assessment. Until 3entiary 1 <br />of the year~iately o owing t e conveyance of the first Lot. <br />to an Owner, the maximum annual assessment shall be Three <br />Hundred Dollars ($300.00) per Lot. <br />(a) From and after January 1 of the year <br />immediately following the conveyance of the first <br />Lot to an Owner, the maximum annual assessment _ _ <br />may be increased each year not mare than 107< <br />above the maximum assessment for the previous <br />year without a vote of the membership. <br />(b} From and after January 1 of the year <br />immediately following the conveyance of the first <br />Lot to an (timer, the maximum annual assessment <br />may be increased above LO% by a vote of two- <br />thirda (213} of each class of members who are <br />voting in person or by proxy, at a meeting duly <br />called for this purpose. <br />Vic) The Board of Directors may fix the annual <br />assessment at an amount not in excess of the <br />maximum. <br />Section 4. S ecial Assessments for Ca ital In rove- <br />ments. Ina ttion tc t e annua assessments out on ze a ove, <br />tTze-7fssaciation may levy, in any assessment year, a special <br />assessment applicable to that year only for the purpose of <br />defraying, in whale ar in part, the cost of any construction, <br />reconstruction, repair or replacement of a capital improvement <br />upon the Common Area, including fixtures and personal property <br />related thereto, ~rov~zded that any such assessment shall have <br />the assent of two-t~ir~~~ of the votes of each class of <br />members who are voting in person or by proxy at a meeting duly <br />called for this purpose. <br />Section S. Notice and Quorum far An~r Action Authorized <br />Under Sect cin an 4. t~iitten notice o'~any meeting caT~-d~ or <br />t~iie purpose o to ing any action authorized under Section 3 or <br />4 shall be sent to alI members not Tess than 30 days nor more <br />than 60 days in advance of the meeting. At the first such <br />meeting called, the presence of members or of proxies entitled <br />to cast sixty percent (60 a} of all the votes of each class of <br />membership shall constitute a quorum. If the required quorum <br />i.s not present, another meeting may be called subject to the <br />sasse notice requirement, and the required quorum at the subsequent <br />meeting shall be one-half (~} of the required quorum. at the <br />preceding meeting. No such subsequent meeting shall be held <br />more than 60 days following the preceding meeting. <br />Section 5. Uniform Rate of Assessment. Both annual <br />and specie ~s~ssnts must a ixe at a unY orm rate far all <br />Lots and may be collected on a monthly basis, <br />Section 7. Bate of Commencement of Assessment: Due <br />Daces. Tine and-$asessments pro a or eretn spa ~con~[nence <br />as tv alt Lots on the first day of the month fallowing the can- <br />vapae-ce raf the Con~on Area. The first regular assessment ~ha11 <br />lee adjusted according to the number of months remaining in the <br />calendar yeax. The hoard of Directors shall fix. the amount of <br />E~_ <br />