My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Condominium Declaration
Orono
>
Property Files
>
Street Address
>
K
>
Kelley Parkway
>
2670 Kelley Parkway - 33-118-23-12-0039 Unit #109
>
Misc
>
Condominium Declaration
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/22/2023 4:46:14 PM
Creation date
3/22/2017 2:24:42 PM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120039
Supplemental fields
ProcessedPID
Updated
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
46
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
� ^.� <br /> � , . <br /> I - . <br /> i <br /> I - . <br /> 6.4.3 In addition to annual Assessments and special Assessments,the Boarc�has • <br /> t e authority to (and, in certain instances set forth in this Section 6.4, shatl) ]evy and <br /> ' llocate timited Assessments among only certain Units in accordance with the follo ing <br /> quirements and procedures. <br /> . 6.4.4 The costs of insurance may be assessed in proportion of tJ�e square fo age <br />� r actual cost per Unit. - <br /> ib.4.5 Reasonable attomeys' fees and other costs incurred by the Assaciati n in <br /> � ¢onnection with (i) the collection of Assessments and (ii) the enforcem�nt o the <br /> � t�'uoverning Documents, the Act, or the Rules and Regulations, against an Own r or <br /> 4ccupant or their tenants or guests, may be assessed against the Owner's Unit. <br /> 5.4.6 Late charges, .fines, and interest may be assessed as provide in <br /> ection 14. <br /> 6.4.7 Assessments levied under Section S 15B.3-116(a} of the Act to p y a <br /> udgment against the Association may be levied only against the Units existing a the <br /> ime the judgment 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 b� the <br /> . ct or omission of any Owner or Occupant, or their guests•or invitees, the Associ tion <br /> � ay assess the costs of repairing the damage, or any increase in insurance rates dir ctiy <br /> ttributable to the Act or omission,exclusively against the Owc�er's Unit to the exten that . <br /> - e damage is not covered by insurance. <br /> 6.4.9 If Common Expense liabilities are reallocated for any purpose autho 'zed <br /> y the Act, Assessments and any installment thereof not yet due shall be recalculat d in <br /> � ccordance with the reallocated Common Expense liabilities <br /> Assessr�ents levied under Sections 6.4.1 through 6.4.8 may, at the Board's discretio , be <br /> assessed as a part of,or in addition to,other Assessments levied under Se�tion 6.1 or 6.2: ' <br /> � 6.5 Workin�Capital Fund. There shall be established a working capital fund to eet • � <br /> � <br /> unfores en expenditures or to purchase additionat equipment or services for the Associ tion. � <br /> The B ard may include in each subsec}uent annual budget a reasonable amount of wo king <br /> capital,hased upon the anticipated needs of the Association for the year in qnestion. There shall <br /> be cont ibuted by the purchaser of a Unit, on a one-time basis upon the initiai sale of each Unit <br /> by Dec arant, an amount equal to four monthly instailments of the estimated annual Assess ent <br /> far the nit in the year of the sale. The contribution shall be paid at the earlier of(i)the ti e of <br /> closing of sale of the Unit or (ii)the time of termination of the Declarant Control Period. The <br /> contrib tions to this fund are in addition to che regular installments of annual Assessments and <br /> shal! n t be a credit to the regular installments of annual Assessments levied agains the <br /> respect ve Unit. The funds shafl be deposited into a s�gregated Association account no late than <br /> the te ination of the Declarant Control Period. Funds deposited in said account shall n t be <br /> used t defray any of Declarant's expenses, reserve contributions or construction costs, r to <br /> make any budget deficits during the Declarant Cantrol Period. However, upan the closi g of <br /> the init al sale of a Unit, Declarant may reirrtburse itself from funds collected from the purc aser <br /> MPIS-W rd 95281.i T C� <br /> � I <br />
The URL can be used to link to this page
Your browser does not support the video tag.