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_ , <br /> •,* fI1 <br /> i - <br />' i <br /> Owner or the Owner's authorized representative, furnish the resale disclosure certificate. The _ <br /> Associ tion may charge a reasonable fee for furnishing the resale disctosure certificate an any <br /> docum nts related thereto. <br /> SECTION b <br /> ASSESSMEN�'S � <br /> 6.1 General. Assessments shali be determined and assessed against the Units y the • <br /> Board,in its discretion, subject to the requirements and procedures set forth in this S�cfion and <br /> the By aws. Assessments shall include annuai Assessments under Section 6.2, and may in lude <br /> special'Assessments under Section 6.3 and limited Assessments under Section 6.4. Annu 1 and <br /> special Assessments shall be allocated among the Units in accordance with the allo ation <br /> formul� set forth in Section 4.2. Limited Assessments under Section 6.4 shal! be alloca d to i <br /> Units set forth in that Section. <br /> 6.2 Annual Assessments. Annual Assessments shall be established and levied the <br /> Board, subject to the limitations set forth hereafter. Each annua( Assessment shall cover 11 of <br /> the ant cipated Common Expenses of the Association for that year which are to be shared e ually <br /> . by ail nits in accordance with the al{ocation set forth in Section 42. Annual Assessments shall � <br /> be pay ble in equal monthfy or quarterly installments, as determined by the Board. A nual <br /> Assess ents shall provide, among other things, for an adequate reserve fund for the replac ment <br /> of thos parts of the Common Elements and those parts of the Units for which the Associat on is <br /> respon ible,except to the extent that the replacement is funded by limited Assessments pu uant <br /> to Sec ian 6.4. Until the first annual Assessment is levied, Declarant shal! pay a}I Co mon <br /> Expen es. <br /> , 6.3 Special Assessments. In addition to annual Assessments, and subject t the • <br /> limitat'ons set forth hereafter, the 8oard may levy in any Assessment year a special Asses ment <br /> agains�all Units in accordance with the allocation set forth in Section 42. Among other t ings, <br /> special�Assessments shal] be used for the purpose of defraying in whole or in part (i) the c st of <br /> any u�pforeseen and unbudgeted Common Expense, {ii) general or specific reserve for <br /> mainte{�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 property related thereto <br /> 6.4 Limited Assessments. In addition to annuai Assessments and s ecial <br /> Assess ents,the Board has the authority to(and, in certain instances set forth in this Sectio 6.4, <br /> shall) evy and allocate limited Assessments among only certain Units in accordance wit the <br /> follow g requirements and procedures: <br /> I <br /> 6.4.i Any Common Expense associated with the maintenance, repai�, or <br /> replacement of a Limited Common �lement shall be assessed exclusively against each <br /> Unit or Units to which that Limited Common Element is assigned, equally ar by th cost <br /> per Unit. <br /> 6.4.2 Any Common Expense benefiting fewer than al] of the Units, may, t the <br /> Board's discretion,be assessed exclusively against the Unit or Units benefited. - <br /> MPLS-W rd 95281.1 I 8 <br /> � <br /> _....--�---__ .. � <br />