Examples of Master association in a sentence
During the applicable Affordability Period, each Owner of an Individual Development containing Affordable Dwelling Units shall submit an annual report (including annual recertification of each tenant of the Individual Development per the definitions and requirements of this Agreement) to the Master Association and to the HCDD by September 30 of each year.
In connection therewith and as provided in this Agreement, the performance and satisfaction of certain terms, conditions and obligations of this Agreement may be assigned by the Developer to the Master Association in Developer’s sole and absolute discretion.
To verify compliance, each Owner of an Individual Development containing Affordable Dwelling Units and the Master Association shall permit the City, at least annually, to reasonably inspect records relating to compliance with this Section 5, upon reasonable notice and within normal working hours, and shall submit to the City such documentation as reasonably required by the City to confirm compliance with this Agreement.
In addition, during the Affordability Period, the Master Association also shall submit an annual report to the HCDD documenting and summarizing the overall performance of each Phase of the Project in maintaining Affordable Dwelling Units pursuant to this Agreement.
Any such assignment(s) from Developer to the Master Association shall be evidenced and memorialized by (i) written notice thereof to the City and (ii) a notice recorded among the Public Records of Orange County, Florida.