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2670 Kelley Parkway - 33-118-23-12-0039 Unit #109
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Condominium Declaration
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Last modified
8/22/2023 4:46:14 PM
Creation date
3/22/2017 2:24:42 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
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, <br /> i <br /> _ � , <br /> .., ... • - <br /> i <br /> Owner pr the Owner's authorized representative, furnish the resale disclosure certificate. The . <br /> Associajtion may charge a reasonable fee for furnishing the resale disctosure certificate an any <br /> documepts related thereto. <br /> , <br /> SECTION 6 <br /> ' � ASSESSMENTS - <br /> �.1 General. Assessments shall be determined and assessed against the Units b the • <br /> Board,�n its discretion, subject to the requirements and procedures set forth in this S�ction and . <br /> the Byl�ws. Assessments shall include annual Assessments under Section 6.2, and may in lude <br /> special i4ssessments under Section b.3 and limited Assessments under Section 6.4. Annua and <br /> special �Assessments shall be allocated among the Units in accordance with the alloc tion <br /> formula� set forth in Section 4.2. Limited Assessments under Section b.4 shall be allocat d to i <br /> Units a�set forth in that Section. <br /> G.2 Annual Assessments. Annual Assessments shall be established and levied b the <br /> Board, �ubject to the limitations set forth hereafter. Each annual Assessment shall cover ll of <br /> the anti�ipated Common Expenses of the Association for that year which are to be shared eq ally <br /> by all C�nits in accordance with the alfocation set forth in Section 42_ Annual Assessments hall <br /> be pay�ble in equal monthSy or quarterly installments, as determined by the Board. A nual <br /> Assess enLs shall provide, among other things, for an adequate reserve fund for the replace ent <br /> of thos parts of the Common Elements and those parts of the Units for which the Associati n is <br /> respons�ble, except to the extent that the replacement is funded by limited Assessments pu uant <br /> to Sect on 6.4. Until the first annual Assessment is levied, Declarant shal! pay all Co mon <br /> Expens�s. <br /> I63 Special Assessments. In addition to annual Assessments, and subject t the • <br /> limitatipns set forth hereafter, the Board may levy in any Assessment year a special Assess ent <br /> against Iall Units in accordance with the allocation set forth in Section 4.2. Among other th'ngs, <br /> special�Assessments shall be used for the purpose af defraying in whole or in part (i) the c st of <br /> any u foreseen and unbudgeted Common Expense, {ii) general or specific reserve for <br /> maintec�ance,repair, or replacement of any part of the Property,and (iii) the maintenance, r pair, , i <br /> or repl�cement of any part of the Property,and any fixtures or other progerty related thereto. <br /> j6.4 Limited Assessments. In addition to annual Assessments and s cial <br /> Assess�ents,the Board has the authority to(and, in certain instances set forth in this Sectio 6.4, <br /> shall) levy and allocate limited Assessments among only certain Units in accordance wit the <br /> followi�g requirements and procedures: <br /> � 6.4.i Any Common Expense associated with the main2enance, repai , or <br /> �placement of a Limited Common Element shall be assessed exclusivety against each <br /> nit or Units to which that Limited Common Element is assigned, equally or by th cost <br /> er Unit. <br /> 6.4.2 Any Common Expense benefiting fewer than all of the Units, may, t the <br /> Board's discretion,be assessed exclusively against the Unit or Units benefited. <br /> MPLS-Wo 95261_II 8 <br /> � <br /> � <br /> i <br />
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