Maximum Annual Assessment. Until January 1 of the year immediately following the conveyance of the first Lot to any Owner, the maximum annual assessment shall be Four Hundred Fifty Dollars ($450.00) per Lot.
(1) From and after January 1 of the year immediately following the conveyance of the first Lot to an Owner, the maximum annual assessments may be increased each year by fifteen percent (15%) above the maximum assessment for the previous year unilaterally by the Board of Directors without approval or vote of the Membership.
(2) From and after January 1 of the year immediately following the conveyance of the first Lot to an Owner, to increase the maximum annual assessment more than fifteen percent (15%) of the prior year’s maximum annual assessment, a vote of two-thirds (2/3) of each class of Members who are voting in person or by proxy at a meeting duly called for that purpose, must occur.
(3) The Board of Directors may fix the annual assessment at an amount not in excess of the maximum.
Maximum Annual Assessment a. Effective January 1, 1994, the maximum annual Assessment shall be $75.00 per Lot.
a. Effective January 1, 1995, the maximum annual Assessment may be increased each year not more than fifteen percent (15%) above the maximum assessment for the previous year without a vote of the membership.
a. Effective January 1, 1995, the maximum annual Assessment may be increased above fifteen percent (15%) upon the affirmative vote of fifty-one percent (51%) of Lot Owners present or voting by proxy at a meeting duly called for such purpose at which a quorum is present.
a. The Board of Directors may fix the annual assessment at an amount not in excess of the maximum annual Assessment.
Maximum Annual Assessment. The Board of Directors may fix the annual assessments at an amount not in excess of the maximum stated herein, including authorized increases. Until January 1 of the year immediately following the commencement of the obligation for assessments, as described in Section 4.5(a) below, the maximum annual assessment shall be $3,600.00 per Lot, subject to Section 4.5(b) below.
(a) From and after January 1 of the year immediately following the conveyance of the first Lot to an Owner other than Developer, the maximum annual assessment may be increased each year by not more than the greater of (i) fifteen percent (15%) above the maximum assessment for the previous year, or (ii) the increase, if any, in the Consumer Price Index for All Urban Consumers, All Items, published by the Bureau of Labor Statistics, U.S. Department of Labor for the area including or nearest to Tampa, Florida (“CPI Increase”). The CPI Increase shall be determined by multiplying the maximum annual assessment then in effect by the Consumer Price Index for the most recent month for which figures are available and dividing the product by the Consumer Price Index for the same month of the preceding calendar year. If publication of the Consumer Price Index should be discontinued, the Association shall use the most nearly comparable index, as determined and selected by the Board of Directors.
(b) From and after January 1 of the year immediately following the conveyance of the first Lot to an Owner other than Developer, the maximum annual assessment may be increased above the maximum increase permitted under subsection 4.4(a) by a majority vote of each class of members of the Association who are voting in person or by proxy, at a meeting duly called for this purpose.
Maximum Annual Assessment. Until January 1 of the year immediately following the conveyance of the first Lot to an Owner, the maximum annual assessment shall be Twenty Five Dollars ($25.00)
Maximum Annual Assessment. Until the latter of June 1, 2000, or the date the clubhouse facility is completed and open for use, the maximum annual assessment shall be set at a rate not to exceed $15.00 per month per lot. From and after the latter of the above-mentioned dates, and for a period of one year, the maximum annual assessment shall be set at a rate not to exceed $49.00 per month per lot. Thereafter, the maximum annual assessment may be increased each year not more than 20 percent above the maximum assessment for the previous year without a vote of two-thirds of each class of members pursuant to the By-laws.
Maximum Annual Assessment. Until otherwise established by the Board of Directors of the Association as set forth herein, the initial fee shall be Fifty and no/100 Dollars ($50.00), and the maximum annual assessment shall be One Hundred and twenty-five no/100 Dollars ($125.00) per year per Lot. The Association at its option may allow the payment of the annual assessment on an annual or semi-annual basis. In the event the Board of Directors determines that an increase in the maximum annual assessment is required, the amount of assessment exceeding such limitation shall be automatically effective thirty (30) days after the Association sends written notice to each Owner of the amount and necessity of such increased assessment unless the Association receives written objection to such increased assessment by Members entitled to more than fifty (50%) of the percentage values of the votes eligible to be cast by Members of the Association within such thirty (30) day period or a special meeting of Members is called within such thirty (30) day period and the excess assessment is disapproved by a like vote of the Members at such meeting.
Maximum Annual Assessment. (a.) Until December 31,2010, the maximum annual assessment shall be $100,00 per lot.
(b.) From and after January 1,2011, the maximum annual assessment may be increased by the vote or written assent of a majority of all votes entitled to be cast under Xxxxxx XX above.
(c.) The Board of Directors of the Association may fix the annual assessment at an amount not in excess of the maximum.
Maximum Annual Assessment. Until January 1 of the year immediately following the conveyance of the first lot to an Owner, the maximum Annual Assessment shall be $300.00 per lot.
(a) From and after the year one assessment the maximum annual assessment shall be set by the Board of Directors. The maximum annual assessment may be increased each year not more than 5% above the maximum assessment for the previous year without a vote of the membership.
(b) From and after the first year assessment period, the maximum annual assessment may be increased above 5% by a vote of three-fourths (3/4) 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 of the Association may fix the annual assessment to an amount not in excess of the maximum.
Maximum Annual Assessment. (a. Until December 31, 2010, the maximum annual assessment shall be $100.00 per lot.
Maximum Annual Assessment. From and after January 1 of the year immediately following the conveyance of the first Lot to an Owner, the maximum annual assessments, excluding additions thereto as provided in Articles III, IX and X herein, may be increased each year not more than 15% above the maximum assessment for the previous year without a vote of the membership. From and after January 1 of the year immediately following the conveyance of the first Lot to an Owner, the maximum annual assessment, excluding additions thereto as provided in Articles III, IX and X herein, may be increased above 15% by a vote of two-thirds (2/3) of each class of members who are voting in person or by proxy, at a meeting duly called for this purpose. The Board of Directors of the Association may fix the annual assessment at an amount not in excess of the maximum.
