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2670 Kelley Parkway - 33-118-23-12-0036 Unit #106
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Condominium Declaration
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Last modified
8/22/2023 4:46:12 PM
Creation date
3/22/2017 2:00:09 PM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120036
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� ww• <br /> 1 • ' <br /> i <br />� - <br />� � <br /> I ' <br /> ' 6.4.3 In addition to annaal Assessments and special Assessments, the Board as • <br /> th authority to {and, in certain instances set forth in this Section 6.4, shall) levy nd <br />' al ocate iimited Assessments among only certain Units in accordance with the follow ng <br /> re uirements and procedures. �, <br /> . 6.4.4 The�osts of insurance may be assessed in proportion of the square foot ge <br /> on actua! cost per llnit. <br /> ib.4,5 Reasonable attomeys' fees and other costs incurred by the �ssaciation in <br />� c nnection with (i) the callection of Assessments and (ii) the enforcement of e <br /> G verning Documents, the Act, or the Rules and Reguiations, against an Owner or <br /> O cupant or their tenants or gaests,may be assessed against the Owner's Unit. <br /> 6.4.6 Late charges, fines, and interest may be assessed as provided in <br /> S ction 14. <br /> 6.4.7 Assessments levied under Section S15B.3-116{a) of the Act to pa a <br /> ju gment against the Association may be levied only against the Units existing at he <br /> ti e the}udgment was entered, in proportion to their Common Expense liabilities. <br /> , 6.4.8 If any damage to the Common Elements or another Unit is caused by e <br /> a t or omission of any Owner or Occupant, or their guests•or invitees, the Associat on <br /> m y assess the costs of repairing the damage, or any increase in insurance rates dire tly <br /> a ibutable to the Act or omission, exclusively against the Owc�er's Unit to the extent t at <br /> - th damage is not covered by insurance. <br /> 6.4.9 If Common Expense liabilities are reallocated for any purpose authori ed <br /> b the Acf, Assessments and any instal]ment thereof not yet due shall be recalculated in <br /> a cordance with the reallocated Common Expense liabilities <br /> Assessm nts levied under Sections 6.4.1 through 6.4.8 may, at the Board's discretion, be <br /> assessed s a part of,or in addition to, other Assessments levied under Seption 6.1 or 6.2: � <br /> 6.$ Workin�CaUital Fund. There shall be established a working capital fund to m et • � <br /> unforese n expenditures or to purchase additionat equipment or services for the Associati n. � <br /> The Boa d may include in each subsequent annual budget a reasonable amount of work ng <br /> capital, b sed upon the anticipated needs of the Association for the year in qnestion. There s all <br /> be contri uted by the parchaser of a Unit, on a one-time basis upon the initial sale of each U it <br /> by Decla ant, an amount equal to four monthly installments of the estimated annual Assessm nt <br /> for the U it in the year of the safe. The contribution shali be paid at the earlier of(i)the time of <br /> closing o sale of the Unit or (ii)the time of termination of the Declarant Control Period. he <br /> contribut ons to this fund are in addition to the regular installments of annual Assessments, d <br /> shal! not be a credit to the regular installments of annual Assessments levied against he <br /> respectiv Unit. The funds shall be deposited into a s�gregated Association account no later an <br /> the termi ation of the Declarant Control Period. Funds deposited in said account shall not be <br /> used to efray any of Declarant's expenses, reserve cantributions or construction costs, nor to <br /> make up �ny budget deficits during the Declarant Control Period. However, upon the closing of <br /> the initial sale of a Unit, Declarant may reimburse itself from funds collected from the purcha er <br /> MPLS-Word 528t.it 9 <br /> I <br />
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