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i«wv I 1% 1 1« i9«ii«i II I * k. WW-* Cfwww IV n I V I n I v^vwwtt wu i «w <br />(a) The Owner(s) of Parcel A 56% <br />(b) The OMner(s) of Parcel B 50% <br />(c) Upon the subdivitlon of eHher of the Parcels, the Owners of the lots <br />resulting from such subdlvmon shall pay and be responsible for, In the <br />aggregate, the Cost Share of the Parcel so subdivided. In the absence of a <br />recorded agreement setting forth the shares to be aggregated, it shall be <br />assumed that the Owners of the lots resulting from such subdivision will share <br />equally in the Cost Share of the Parcel so subdivided, and such assumption shall <br />be binding upon such Owners until an agreement by them to the contrary is <br />recorded with the Hennepin County Recorder. Thus, by example, If Parcel A <br />were to be subdivided into two new lots, absent a recorded agreement of the <br />Owners of the newly subdivided lots to the contrary, the Owner of each new lot <br />would pay and be responsfole for one4ialf of Parcel A's 50% Cost Share, or 25% <br />each. <br />5. AdminiatratiQn. The Owner of Parcel B and such Owner's successors ad <br />assigns ahaN administer the provisions of this Declaration until the Owner of a different <br />Parcel, or lot subdivided therefrom. Is eleetad to administer this Declaration by a <br />melority vote of the Owners of the Parcels, or lots subdivided therefrom, with such <br />Owners having a percentage vote equal to the percentage Cost Share alfocated to such <br />Owner's Parcel or lot pursuant to paragraph 4 ftereof. The Owner then acting as the <br />administrator of this Dedaratfon (the "Administrator^ shaM make all decisions with <br />respect to what Easement Area repair or improvem ent is to be performed, and at what <br />timas, and what Easement Area Costs are to be Incurred and bWed, and at what times.