The Canyons Resort Village Management Association Sample Clauses

The Canyons Resort Village Management Association. 3.5.1.1 The purposes of the RVMA are as set forth in The Canyons Resort Village Management Agreement attached hereto as Exhibit E and are summarized as follows: (i) to regulate and maintain certain standards and levels of maintenance of all buildings, roads, and landscaping within The Canyons SPA except for The Colony, Mines Ventures, and Silver King Mines Development Areas; (ii) to run and operate that portion of the Resort Community outside of The Colony, Mines Ventures, and Silver King Mines Development Areas, including without limitation acquiring, building, developing, maintaining, and so forth, amenities, such as streets, roads, and pedestrian pathways, a golf course, a people mover, public gathering areas, skating rinks, utilities, and other such amenities and improvements as set forth in Exhibit I; (iii) to market that portion of the Resort Community outside of The Colony and Mines Ventures Development Areas (as a commercial property the Silver King Mines Developer agrees, which will be formalized through the Joint Operating Agreement, to participate with the RVMA with regard to marketing and other applicable resort operations and to contribution to such efforts, which will include the payment of a comparable fee as paid by other properties within the RVMA, and which said agreement shall run with the land so long as the Silver King Mines Development area is operated as a commercial property); (iv) to perform design and architectural review functions; (v) to establish and enforce rules and regulations for that portion of the Resort Community outside of The Colony, Mines Ventures, and Silver King Mines Development Areas; and (vi) to levy and collect assessments necessary to carry out the purposes described above. 3.5.1.2 The RVMA shall file Articles of Incorporation under Utah Law, within 30 days of the effective date of this Amended Agreement. 3.5.1.3 The Canyons Resort Village Management Agreement, attached hereto as Exhibit G, as amended in accordance with this Amended Agreement, shall serve as the governing document of the RVMA. 3.5.1.4 All of the participating Development Areas except The Colony, Mines Ventures, and Silver King Mines (with the specific exception noted in Subparagraph 3.5.1.1) shall be parties to that agreement which shall run with the land and be binding upon those Participating Landowners, or their successors. 3.5.1.5 Each Developer shall cooperate in establishing owner or management associations and/or easements and maintenanc...
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