Capital Improvement Assessment definition

Capital Improvement Assessment is defined in the Declaration.

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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 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.

Examples of Capital Improvement Assessment in a sentence

In addition to the Regular and Special Assessments, the Association may levy in any calendar year, a Capital Improvement Assessment applicable to that year only, provided that any such Assessment shall have the approval by vote or written consent of Members entitled to exercise not less than two-thirds (2/3) of the voting power of the membership of the Association.
The cost and expense of any such additions, alterations or improvements to such Common Elements shall be as a "Capital Improvement Assessment" of the Unit Owners as provided in Section 13.2 hereof.
Section 1.4 "Assessment" shall mean any of the following types of Assessment: Section 1.4.1 "Capital Improvement Assessment" shall mean a charge against each Owner and that Owner's Lot, representing a portion of the cost to the Association for installation or construction of any capital improvements on any of the Common Areas or Association Maintenance Areas which the Association may from time to time authorize pursuant to the provisions of this Declaration.
Any reserves collected by the Association for the future maintenance and repair of the Common Areas or Association Maintenance Areas or any portion thereof, shall not be included in determining said annual Capital Improvement Assessment limitation.
The Association shall provide notice to all Owners by first- class mail of any decision by the Association to levy a Capital Improvement Assessment not less than thirty (30) nor more than sixty (60) days prior to the due date for such Capital Improvement Assessment.

More Definitions of Capital Improvement Assessment

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

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 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.