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(z) The Owners of the Lukis Parcel (Tract E, <br />Registered Land Survey 1358).......................................... 25.0% <br />100.0% <br />: <br />(c) Except as pro\ided in paragraph 6(b) hereof, upon the subdivision <br />of any one of the Benefitted Parcels, the Owners of the lots resulting from such <br />subdivision shall pay and be responsible for, in the aggregate, the Cost Share of <br />the Benefitted Parcel so subdivided. In the absence of a recorded agreement <br />setting forth the shares to be aggregated, it shall be assumed that the Owners of <br />0 <br />the lots resulting from such subdivision will share equally in the Cost Share of the <br />Benefitted Parcel so subdhided, and such assumption shall be binding upon such <br />Owners until an agreement by them to the contrary is recorded with the <br />Hennepin County Registrar of Titles. Thus, by example, if Lot 4, Block 1, <br />Fullerton Estates ("Lot 4") were subdivided into two new lots, absent a recorded <br />agreement of the Owners of the newly subdivided lots to the contrary, the Owner <br />of each new lot would pay and be responsible for one-half of Lot 4's 17.5%, <br />15.0% or 12.5% Cost Share, as the case may be at the time of such subdivision. <br />7. Administration. The Owner of Lot 4 and such Owner's successors and <br />assigns shall administer the pro’dsions of this Declaration until the Owner of a different <br />Benefitted Parcel is eleaed to administer this Declaration by a majority vote of the <br />Owners of the Benefitted Parcels, with such Owners having a percentage vote equal to <br />I