09-10-2018 Council Packet - Laserfiche WebLink

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.k' on all owners of the Lots and all persons claiming under them, for :� n• a period of 30 years from the date this Declaration is recorded, after which time said covenants shall be automatically extended for successive periods of 10 years unless an instrument, signed by the then Owners of not less than 75%. of the Lots and by the City j of :Orono, has been recorded agreeing to change said Declaration in whole or in part. :s r i 12. Annexation. Additional residential property and �` }+ , common land.m'ay be annexed to the Property with the written consent of the then Owners of not less than 75% of the Lots and of the City of Orono. 13. Merger and )issolution. The Association may be ' rnra�inn of similar purposes or dissolved merged with a non-profit cozy____. p p but only in each case with the assent given in writing and signed ►. "..t by. not less than 75% of the members.. 1pon dissolution of the ;M� Association, ether than incident to a merger or consolidation, the Q, assets of-the Association shall be dedicated to an appropriate public agency to. be used for purposes similar to those for whish this R s' Association was created, provided, however, (if such agency' not r .theCity of Orono) that the City of Orono be given 30 days prior written notice thereof, and during said 30 days the City may elect to Ireceive such dedication on the same terms and conditions as those acceptable, to such other public agency. In the event that such dedication is refused. acceptance, such assets shall be granted, conveyed and assigned to any . non-profit .corporation, association, trust or other organization to be devoted to such similar purposes_ 14. Action by City to Cure Deficiencies. In the event the Association fails to maintain the Common Roadway, Common Drive-- �a" way and Drainage Easements in.good repair or fails to pay taxes or assessment on said.common properties as.tney become due,-the City e of Orono may issue a notice to said Association setting forth the _--nature of the Association's deficiencies and shall set a hearing to discuss said deficiencies. This hearing shall be conducted by the y ,City Council no.sooner than ten (10) days nor later than thirty —12—