Regular Assessments. 11 6.2.1 Payment of Regular Assessments..................................... 11 6.2.2 Allocation of Regular Assessments.................................. 11 6.2.3 Non-Waiver of Assessments.......................................... 11 6.3
Regular Assessments. (a) PURPOSE. Regular Assessments shall be used to defray the Common Expenses.
Regular Assessments. Volunteers of America will monitor student academic achievement by reviewing student testing and assessments.
Regular Assessments. Commencing at the time indicated in Section 2.2, the Member agrees to pay to the Corporation a monthly sum referred to herein as “Regular Assessments” (also known as “carrying charges”) equal to the Member’s proportionate share of the sum required by the Corporation, as estimated by the Corporation’s board of directors (“Board”) to meet its annual expenses, including but not limited to the following items:
(a) The cost of all operating expenses of the Development and services furnished, including charges by the Golden Rain Foundation (the “Foundation”) for facilities and services furnished by the Foundation, in addition to any and all other charges required pursuant to that agreement between Foundation and the Corporation provided for herein.
(b) The cost of necessary management, administration and professional services.
(c) The amount of all taxes and assessments levied against the Development of the Corporation of which it is required to pay, except that in the event the taxing authority makes a separate assessment as to the assessed value of each dwelling unit, the proportionate share of taxes to be paid as to said dwelling unit shall be determined by the ratio of the assessed value of the Dwelling Unit to the total assessed value of all dwelling units of the Corporation, the Member agrees to and shall pay the amount of said taxes determined by the taxing authority for the said Member’s Dwelling Unit, which shall be included in the “Regular Assessments” hereinabove referred to, in said amount as separately determined for said Dwelling Unit.
(d) The cost of fire and extended insurance on the Development and such other insurance as the Corporation may effect.
(e) The cost of furnishing water, electricity, garbage and trash collection, other government mandated responsibilities, and other utilities to the extent furnished by the Corporation.
(f) All reserves set up by the Board, including but not limited to the general operating reserve, contingency reserve and the reserve for repair or replacement of Corporation property.
(g) The estimated cost of repairs, maintenance and replacement of Corporation property.
(h) Any other expenses of the Corporation approved by the Board of Directors, including operating deficiencies, if any, for prior periods.
Regular Assessments. (a) The Regular Assessments levied by the Association shall be used exclusively for the purposes of the general operation of the Association, reserves and the promotion of the health, safety, and welfare of the residents of the Community, and in particular for the improvement and maintenance of the Common Area and Area of Common Responsibility, including but not limited to, the payment of mortgages, taxes and insurance thereon, and repair, replacement, and additions thereof, the cost of labor, equipment, materials, management, Treasurer fees, and supervision thereof, and the cost of lawn and landscaping maintenance, and refuse collection; reserves for the replacement of the Association property and improvements to the Common Area; and all other obligations or debts incurred by the Association.
(b) The Developer or the Board of Directors of the Association, When Empowered, shall at all times fix the Regular Assessment based on the Association's budget for the period of the Regular Assessment. The amount of the Regular Assessment shall be uniform for each Lot except as set forth herein and shall be assessed against all Lots at the time of the Assessment. The Developer or Board of Directors, When Empowered, shall once each year create a budget and fix the date of commencement, the size and number of installments, the method of determining the amount of all Regular Assessments against each Owner of a Lot, and shall, at that time, prepare a roster of the Owners and the Assessments applicable thereto. The roster and the budget shall be kept in the office of the Association and shall be opened to inspection by any Owner. If the Developer or the Board of Directors, When Empowered, fails to set a Regular Assessment, then the previous Assessment or the previous installment schedule shall continue until the Regular Assessment is set. Written notice of the Regular Assessment and adjustment thereof, shall be sent to every Owner subject thereto, identifying the amount(s), due date(s), and the address to which payments are to be sent, at least thirty (30) days in advance of the due date of the first (or only) installment of each Regular Assessment. Until eighty (80%) percent of the Dwellings permitted by the Master Plan have certificates of occupancy issued thereon and have been conveyed to Owners other than builders holding title for purposes of development and sale, the Developer shall have the option of approval of any portion of the budget.
(c) The Developer or the B...
Regular Assessments. The District will monitor academic achievement by reviewing student testing and assessment.
Regular Assessments. ACNW will monitor academic achievement by reviewing student performance data.
Regular Assessments. Xxxx routinely performs assessments of key areas of risk associated with the services provided under the RSA including, by way of example only and as applicable, privacy risk assessments, open source reviews, and contractual compliance reviews.
Regular Assessments. The Members shall annually, by mutual agreement, establish and levy Regular Assessments on an annual basis in an amount that the Members estimate will be sufficient to raise the funds needed to perform the duties of the Association during each fiscal year. The Regular Assessment shall include a portion for reserves in such amounts as the Members consider appropriate to meet the costs of the future repair, replacement or additions to the major improvements and fixtures that the Association is obligated to maintain and repair. Reserve funds shall be deposited in a separate account and the signatures of at least two (2) persons, [who shall be representatives of each of the Members], shall be required to withdraw monies from the reserve account.
Regular Assessments. Osprey Wilds will monitor academic achievement by reviewing student performance data.
