81005383 - Laserfiche WebLink

Browse

$I-~iG~~ through the willful or negligent act of the C6cmer, his or her family, guests, or invitees, the cost of such mainteance or repairs snail be added to and become a part of the regular assessments to which such Lot is subject. The Association is specifically authorized hereunder to contract with amJ professional management company, including any management company related to or affiliated with Declarant, to furnish professional management of the Properties and to provide said exterior maintenance as set forth herein. Section 3. Maximum Annual Assessment. Until January 1 of the year~aiately o owing t e conveyance of the first Lot to an Owner, the maximum annual assessment shall be Three Hundred Dollars ($300.00) per Lot. (a) From and after January 1 of the year immediately following the conveyance of the first Lot to an Owner, the maximum annual assessment may be increased each year not more than 109 above the maximum assessment for the previous year without a vote of the membership. (b) From and after 3anuary 1 of the year immediately following the conveyance of the first Lot to an Owner, the maximum annual assessment may be increased above`109 by a vote of two- thirds (213) of each class of members who are voting in person or by proxy, at a meeting duly called for this purpose. (c) The Board of Directors may fix the annual assessment at an amount not in excess of the maximum. Section 4. S ecial Assessments for Ca ital I rove- ments. In s tion to t e annua assessments aut or ze a ove, ts~e Kasociation may levy. in any assessment year, a special assessment applicable to that year only for the purpose of defraying. in whole or in part, the cost of any construction, reconstruction. regain or replacement of a capital improvement upon the Gommon Area, including fixtures and personal property related thereto, rovided that any such assessment shall have the assent of two-tt r a _ of the votes of each class of naabara who are voting in person or by proxy at a meeting duly called for this purgpaa. Section S. Fiotice and Quorum for Any Action Authorized Under Sect on ~ 4. - ttaa not ce o any neat ng ca a or e purpose o any action authorized under Section 3 or 4-atoll be seat to all nanbers not leas than 30 days nor more than 60 days in advance of the meting. At the first such melting called, the presence of members or of proxies entitled to cast siacty percent (SOZ) of all the votes of each class of membership shall const~.tuta a quorum. If the required quorum is not present, another meeting my be called subject to the same, notice requirement, and the required quorum at the subsequent meting Shall be one-half (~) of the required quorum at the preceding meeting. No such subsequent ueeting shall be held more than- 6Q days following the preceding meeting. Section (r. Uniform-Rata of Assessment. Both annual and specie' assessmnts-.muss a at a un orm rate for all Lois-and: may be collected on a monthly basis. S.eetioa.7. -Date of Comsencement of Assessment: Due hates . The atianua"~a seesmlats pro r -ere n s e commence as to a1l~Lota on the first dayy of the. month following the con- vsyance of the Gossion Arta. The first regular assessment shall be adjusted according to the number of months remaining in the calendar year. Tt-e•~Board of Directors shall fix the amount of -4-