Capital Improvement Assessment definition

Capital Improvement Assessment means a charge against each Owner and his Lot or Parcel, representing a portion of the cost to the Association for installation or construction of any capital improvements on any portion of the Common Area which the Association may from time to time authorize.

Capital Improvement Assessment means, for Association Members, except Potter Bluff Subassociation Members, a charge against each Member and his Lot, representing a portion of the cost to the Association for installation or construction of any capital improvements on any of the Association Community Facilities and the Potter Creek Community Facilities which the Association may from time to time authorize pursuant to the provisions of this Declaration. “Capital Improvement Assessment” shall mean, for Potter Bluff Subassociation Members, a charge against each Potter Bluff Subassociation Member and his Lot, representing a portion of the cost to the Association for installation or construction of any capital improvements on any of the Association Community Facilities and the Potter Bluff Community Facilities which the Association may from time to time authorize pursuant to the provisions of this Declaration.

Capital Improvement Assessment means those assessments imposed upon the Unit Owner(s) as described in as described in Section 7.11 of this Master Deed.

Examples of Capital Improvement Assessment in a sentence

• While property assessment funded items are provided for as part of the District Wide Capital Improvement Assessment, all other expenses must be funded by charges to the connected users of the water system.

• Members with Memberships In Good Standing authorized and entitled to vote shall vote to change, disapprove or approve the recommended Capital Improvement and Special Assessment at any Annual or Special Meeting of Declarant where proper notice was given and which notice includes the Capital Improvement Assessment project.

• The Condominium, prior approval of the Condominium Owners Assembly by a majority vote of the Voting Power, may levy and collect, in any Fiscal Year, a Capital Improvement 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 any capital Improvement upon the Condominium Common Area, including fixtures and personal property related thereto.

• Assessment means any Annual Assessment, Capital Improvement Assessment, RepairAssessment, Reconstruction Assessment and Special Assessment.

• All funds collected from "District-wide Capital Improvement Assessment" are located in one bank account.

More Definitions of Capital Improvement Assessment

Capital Improvement Assessment means and refer to those assessments imposed upon the Owner(s) as described in Section

Capital Improvement Assessment means a charge against each Owner (as defined in Article IV) and its Parcel (as defined in §1.32) , representing a portion of the costs incurred by the Hotel Owner for construction, installation or replacement of any capital improvement to or for any portion of the Shared Facilities (as defined in §1.38) for which the Hotel Parcel and/or the Condo-Hotel Parcel are responsible as provided in this Declaration, or any repair of such an improvement amounting to a capital expenditure under generally accepted accounting principles, which the Hotel Owner may from time to time undertake pursuant to this Declaration.

Capital Improvement Assessment. -- shall mean a charge against each Owner and his Parcel representing a portion of the cost incurred by the Association for the installation or construction of any Improvements on any portion of the Common Areas which the Association may from time to time authorize.

Capital Improvement Assessment means a charge against each Owner and that Owner's Lot, representing a portion of the cost to the Association for construction, repair or replacement of a capital the Common Areas, which the Association may time to authorize in accordance with Section of this Declaration.

Capital Improvement Assessment means and refer to a charge against each Owner and his Condominium representing a portion of the cost to the Association for the installation or construction of any capital improvements on the Common Area or on any Maintenance Area as provided for in this Declaration.

Capital Improvement Assessment is defined in the Declaration.

Capital Improvement Assessment means a charge against each Owner and such Owner's Parcel and the Improvements to such Parcel, representing a portion of the cost to the Association for installation or construction of any capital improvements on any capital improvements, which the Association may from time to time authorize pursuant to the provisions of this Declaration.