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2670 Kelley Parkway - 33-118-23-12-0038 Unit #108
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Condominium Declaration
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Last modified
8/22/2023 4:46:14 PM
Creation date
3/22/2017 2:15:55 PM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120038
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' ..., <br />� , , <br />, . <br /> b.4.3 In addition to annual Assessments and special Assessments,the Board h s • , <br /> the I authority to {and, in certain instances set forth in this Section 6.4, shalt) levy an <br /> allqcate limited Assessments among only certain Units in accordance with the fol]owi <br /> req�irements and procedures. <br /> . 6.4.4 The costs of insurance may be assessed in proportion of the square foota <br /> or a�ctuat cost�er Unit. <br /> b.4.5 Reasonable attorneys' fees and other costs incurred by the Association i <br /> � conl ection with (i) the collection of Assessments and (ii) the enforcement of th <br /> Ga erning Documents, the Act, or the Rules and Regulations, against an Owner <br /> Oc upant 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 i <br /> Sec�ion 14. <br /> 6.4.7 Assessments levied under Section S 15B.3-116{a} of the Act to pay � <br /> jud�ent agamst the Assoc�at�on may be lev�ed only agamst the Units existing at th <br /> tim the judgment was entered, in proportion to their Cammon Expense liabilities. � <br /> act I6.4.8 If any damage to the.Common Elements or another Unit is caused by th <br /> r omission of any Owner or Occupant, or their guests�or envitees, the Associatio <br /> � ma assess the costs of repairing the damage, or any increase in insurance rates directly� <br /> attri�utable to the Act or omission,exclusively against the Owcaer's Unit to the extent tha� <br /> - the amage is not covered by insurance. <br /> 6.4.9 If Common Expense liabilities are reallocated for any purpose authorize <br /> by t e Act, Assessrnents and any instaliment thereof not yet due shall be recalculated i <br /> acc rdance with the reallocated Common Expense liabilities <br />�I <br />� Assessment� levied under Sections 6.4.1 through 6.4.8 may, at the Board's discretion, b <br /> assessed as�part of,or in addition to,other Assessments levied under Section 6_l or 6.2: � <br /> 6.5 I Workin Ca ital Fund. There shall be established a workin ca ital fund to meetl • <br /> I g p g P I ; <br /> unforeseen �expenditures or to purchase additiona! equipment or services for the Association. � <br /> The Board �may include in each subsequent annual budget a reasonable amount of working <br /> capital, bas�d upon the anticipated needs of the Association for the year in qnestion. There shall <br /> be contribuU�ed by the purchaser of a Unit, on a one-time basis upon the initial sale of each Unit <br /> by Declarar�lt, an amount equal to four monthly installments of the estimated annual Assessment <br /> for the Unit in the year of the safe. 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 /> contribut�on to this fund are in addition to the regular installments of annual Assessments, and I <br /> shal! no# b a credit to the regular installments of annual Assessments levied against the <br /> respective nit. The funds sha11 be deposited into a s�gregated Association account no later than <br /> the terminat on of the Declarant Control Period. Funds deposited in said account shall not be <br /> used to defi�ay any of Declarani's expenses, reserve contributions or construction costs, nor to <br /> make up an budget deficits during the Declarant Control Period. However, upon the ciosing of <br /> the initial sa�e of a Unit, Declarant may reimburse itself from funds collected from the purchaser <br /> MPIS-Word 952811.i f 9 <br /> I I <br /> � � � . <br />
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