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2670 Kelley Parkway - 33-118-23-12-0037 Unit #107
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Condominium Declaration
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Last modified
8/22/2023 4:46:13 PM
Creation date
3/22/2017 2:08:02 PM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120037
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.,., <br />� � • " <br />� �, <br /> I - <br /> t <br /> 6.4.3 In addition to annual Assessments and special Assessrnents, the Board has • <br /> the a thority to {and, in certain instances set forth in this Section 6.4, shall) levy and <br />' alloc te timited Assessments among only certain Units in accordance with the following <br /> requi ements and procedures. <br /> � <br /> . 6.4.4 The�osts of insurance may be assessed in praportion of the square footage <br /> or ac ai cost�er Unit. <br /> i - <br /> i 6_4.5 Reasonable attorneys' fees and other costs incurred by the Association in <br />: conn$ction with (i) the collection of Assessments and (ii) the enfarcement of the <br /> Gavetning Documents, the Act, or the Rules and Regulations, against an C}wner or <br /> Occupant or their tenants or guests,may be assessed against the Owner's Unit. <br /> , 6.4.6 Late charges, .fines, and interest may be assessed as provided in <br /> Secti�n 14. <br /> 6.4.7 Assesstnents levied under Section S 15B.3-1 l b{a) of the Act to pay a <br /> judg ent against the Association may be levied only against the Units existing at the <br /> time he}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 the <br /> act o omission of any Owner or Occupant, or their guests�or envitees, the Association <br /> � may ssess the costs of repairing the damage, or any increase in insurance rates directly <br /> attrib tabie to the Act or omission,exclusively against the Owner's Unit to the extent that I <br /> - the d mage is not covered by insurance. , <br /> 6.4.9 If Common Expense liabilities are reallocated for any purpose authorized <br /> by th Acf, Assessments and any installment thereof not yet due shall be recalculated in <br /> acco ance with the reallocated Common Expense liabilities <br /> Assessments levied under Sections 6.4.1 Ehrough 6.4.8 may, at the Board's discretion, be <br /> assessed as ai part of,or in addition to, other Assessments levied under Seption 6.1 or 6.2: � <br /> 6.5 ' Workine Cavital Fund. There shall be established a working capitat fund to meet • + <br /> unforeseen �xpenditures or to purchase additionat equipment or services for the Association. � <br /> The Board ay include in each subsequent annual budget a reasonable amount of working <br /> capital, base upon the anticipated needs of the Association for the year in question. There shall <br /> be contribut d by the purchaser of a UniE, on a one-time basis upon the initial sale of each Unit <br /> by Declaran an amount equal to four monthly installments of the estimated annual Assessment <br /> far the Unit n the year of the sale. The contribution shall be paid at the earlier of(i)the time of <br /> closing of s le of the Unit or (ii)the time of termination of the Declarant Control Period. The <br /> contribution to this fund are in addition to the regular installments of annual Assessments, and <br /> shal! not be a credit to the regular installments of annual Assessments levied against the <br /> respective U it. The funds shall be deposited into a s�gregated Association account no later than <br /> the termination of the Declarant Control Period. Funds deposited in said account shall not be <br /> used to def y any of Declarant's expenses, reserve cantributions or construction costs, nor to <br /> make up an budget deficits during the Declarant Control Period. However, upon the closing of <br /> the initial sa e of a Unit, Declarant may reimburse itself from funds collected from the purchaser <br /> MPLS-WorQ 9528�.i l 9 <br /> I <br />
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