Special Assessments for Capital Improvements. In addition to the annual assessment authorized above, the Association may levy in any calendar 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, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, provided that any such subsequent meeting shall be held more than sixty (60) days following the preceding meeting.
Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Board 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, repair or replacement of a capital improvement upon the Common Area for which the reserve account is inapplicable or inadequate, provided that any such assessment has the assent of 67 percent of the votes at a Legal Meeting.
Special Assessments for Capital Improvements. (i) In addition to the annual operating assessments, the Association may levy, in any fiscal year, special assessments to construct, reconstruct or replace capital improvements on or constituting a part of the Common Areas and/or personal property to the extent that reserves therefor are insufficient, provided that new capital improvements not replacing existing improvements shall not be constructed nor funds assessed therefor, if the cost thereof in any fiscal year would exceed an amount equal to five percent (5%) of that fiscal year’s budget, without the prior consent of Lot Owners exercising no less than seventy-five percent (75%) of the voting power of Lot Owners.
(ii) Any such assessment shall be divided equally among all Lots, and shall become due and payable on such date or dates as the Association determines following written notice to the Lot Owners.
Special Assessments for Capital Improvements. In addition to the annual assessments, authorized assessments applicable to that year only, for the purpose of defraying, in whole or in part, the cost of any construction or reconstruction, unexpected repair or replacement of a described capital improvement upon the Property or Common Elements, including the necessary fixtures and personal property related thereto, may be authorized by a vote of the Council of Co-owners, provided (1) written notice of the proposed special assessment be included in the notice of any meeting at which the proposed special assessment is to be considered, (2) a quorum of Co-owners is present at the meeting in person or by proxy when the presiding officer calls for a vote on the matter, and (3) the proposed special assessment has the approval of a majority of the votes of those Co-owners present in person or by proxy when the voting takes place.
Special Assessments for Capital Improvements. In addition to the annual assessments, authorized assessments applicable to that year only, for the purpose of defraying, in whole or in part, the cost of any construction or reconstruction, unexpected repair or replacement of a described capital improvement upon the Property or Common Elements, including the necessary fixtures and personal property related thereto, provided that any such assessment must be approved by a majority of the votes of the Council of Co-Owners. All except the Certificate of Incorporation were dated October 22, 1980. The Certificate of Incorporation was dated September 5, 1980. Master Deed Exhibit 1 Description of Property D555PAGE830 - D555PAGE846 D555PAGE847 Exhibits 2 – Exhibit 37 Xxxxx Xxxxxx & Xxx AIA D555PAGE848 - D555PAGE883 Exhibit 38 Certificate of Incorporation D555PAGE884 Charter (Articles of Incorporation) D555PAGE885 - D555PAGE890 Exhibit 39 By-Laws D555PAGE891 - D555PAGE901 Exhibit 40 Insurance Trust Agreement D555PAGE902 - D555PAGE908 Amendments 1-4 Recorded October 29, 1980 through October 1, 2012 with the RMC / ROD Amendments 5-11 Recorded April 25, 2018 with the ROD Amendment 1 dated October 29, 1980 D556PAGE501- D556PAGE530 Amendment added Exhibits 41-49 D556PAGE501 - D556PAGE502 Description of Property D556PAGE503 Exhibits 41 – 49 Xxxxx Xxxxxx & Xxx AIA D556PAGE504 - D556PAGE530 Amendment 2 dated July 10, 1984 D706PAGE970 - D706PAGE972 Amended Master Deed, 18. Amendments D555PAGE843 Amended By-Laws, ARTICLE IX, Assessments, Section 4, Special Assessments for Capital Improvements D555PAGE899 Amendment 3 dated April 30, 1985 D746PAGE142 - D746PAGE144 Amended Charter, ARTICLE III – POWERS Paragraph 2(f) D555PAGE886 Amended By-Laws, ARTICLE IX, Assessment,
Section 3(a) Basis and Annual Assessments D555PAGE899 Amendment 4 January 29, 2004 recorded March 28, 2005 Book/Page R1044/1742 Amended By-Laws ARTICLE III, Section 6(d) D555PAGE893 Amendment 5 February 5, 2018 recorded April 25, 2018 Book/Page 2297-3275 Amended By-Laws ARTICLE III Obligations of the Co-Owners Section 3(a) Use of Apartments D555PAGE892 Amendment 6 February 5, 2018 recorded April 25, 2018 Book/Page 2297-3278 Amended By-Laws ARTICLE III Obligations of the Co-Owners, Section 6, Rules of Conduct D555PAGE893 Amended Amendment 4 ARTICLE III Obligations of the Co-Owners, Section 6(d) Book/Page R1044/1742 Amendment 7 February 5, 2018 recorded April 25, 2018 Book/Page 2297-3281 Amended By-Laws ARTICLE V Administration, Section 1, Council Responsibilities ...
Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any calendar 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, repair, or replacement of a capital improvement in the Subdivision. provided that any such assessment shall have the assent to two‐thirds (2/3) of the votes of each class of Owners who are voting in person or by proxy at a meeting duly called for this purpose at which a quorum is present. No Owner may waive or otherwise escape liability for the assessments provided for herein by abandonment of his lot or otherwise.
Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association 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 or reconstruction, unexpected repair or replacement of a described capital improvement upon the Common Area, including the necessary fixtures and personal property related thereto, provided that any such assessment shall have the assent of two-thirds (2/3) of the votes of the members who are voting in person or in proxy at a meeting duly called for this purpose, written notice of which shall be sent to all members not less than ten days nor more than fifty days in advance of the meeting, setting forth the purpose of the meeting.
Special Assessments for Capital Improvements. In addition to the Assessments authorized above and the special assessment provided for in Article V, Section 4 hereof in the case of an appointed Director, the Association may levy, in anyAssessment Year, a Special Assessment applicable to that Assessment Year only, for the purpose of defraying in whole or in part, the costs of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Ground including fixtures and personal property related thereto, provided that Special Assessments shall be approved by a vote of Owners having at least two-thirds (2/3) of a quorum of the votes of the Association at a meeting at which a quorum is present.
Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment to pay in whole or in part, the cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Areas, including fixtures and personal property related thereto, road surfacing, and any common area improvements including but not limited to the creation of tennis courts and barbeque shelter previously approved by Xxxxxx County planning commission, provided that any such assessment shall have the assent of two-thirds (2/3) of the votes of each class of the Association members who are voting in person or by proxy at a meeting duly called for this purpose.
Special Assessments for Capital Improvements. In addition to Annual Assessments, the Association may levy, in any year, a Special Assessment applicable to that year for the purpose of defraying, in whole or in part, the cost of any new construction, or repair or replacement of an existing capital improvement in the Common Area, including fixtures and related personal property; provided that any such Special Assessment shall require the vote or written consent of 75% of each class of Members; and provided, further that no such Special Assessment for any such purpose shall be made if the Special Assessment in any way would (i) jeopardize or affect the Association’s ability to improve and maintain the Common Area, (ii) pay the Association’s share of the cost of maintaining any common impoundment basin, or (iii) pay or satisfy the Association’s other financial obligations.
