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2670 Kelley Parkway - 33-118-23-12-0044 Unit #114
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Condominium declaration
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Last modified
8/22/2023 4:46:17 PM
Creation date
3/23/2017 11:43:57 AM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120044
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� •�.s i . . . � � . . <br /> I ' ' <br /> i I � <br /> I <br />� ! . <br /> I � . - <br /> ; 6.4.3 In addition to annaal Assessments and special Assessments,the Bo rd has - <br /> the authority to (and, in certain instances set forth in this Section 6.4, shafl) Ie y and <br />' , allocate iimited Assessments among only certain Units in accordance with the fol owing <br /> , requirements and procedures. <br /> . 6.4.4 The costs af insurance may be assessed in proportion of the square ootage <br /> � or actuat cost�er Unit. <br />� � . <br /> I ' b.4.5 Reasonable attorneys' fees and other costs incurred by the Associ tion in <br />� ' connection wit}i (i) the callection of Assessments and (ii) the enforcement of the <br /> ' Governing Docurr�ents, the Act, or the Rules and Regulations, against an O er 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 prov' ed in <br /> � Section 14. <br /> , 6.4.7 Assessments levied under Section S15B.3-llb(a} of the Act t pay a <br /> � judgment against the Association may be levied only against the Units existin at the <br /> , Eime the judgment was entered, in proportion to their Common Expense liabilities <br /> 6.4.$ If any damage to the.Common Elements or another Unit is cause by the <br /> � act or omission of any Owner or Occupant, or their'guests•or 'rnvitees, the Ass ciation <br /> may assess the costs of repairing the damage, or any increase in insurance rates directly <br /> � attributable to the Act or omission,exclusively against the Ow�er's Unit to the ex ent that <br /> - i the damage is not covered by insurance. .I <br /> ' 6.4.9 If Common Expense liabilities are reallocated for any purpose au horized <br /> by the Acf, Assessments and any installment thereof not yet due shall be recalc lated in <br /> � accordance with the reallocated Common Expense liabilities <br /> Asstssments levied under Sections 6.4.1 through 6.4.8 may, at the Board's discr ion, be <br /> asse�sed as a part of,or in addition to,other Assessments levied under SeGtion 6.1 or 6.2: � <br /> � 6.5 Workine CaUital-Fund. There shall be established a working capital fun to meet • � <br /> unfqreseen expenditures or to purchase additionat equipment or services for the Ass ciation. � . <br /> The Board may include in each subsequent annual budget a reasonable amount of working <br /> capital, based upon the anticipated needs of the Association for the year in question. ere shall <br /> be contributed by the purchaser of a Unit, on a one-time basis upon the initial sale of ch Unit <br /> by �eclarant, an amount equal to four monthly installments of the estimated annual As essment <br /> for the Unit in the year of the sale. The contribution shall be paid at the earlier of{i)th time of <br /> closing of sale of the Unit or (ii)the time of termination of the Declarant Control Per' d. The <br /> con2ributions to this fund are in addition to che regular installments of annual Assessm nts, and <br /> sha�! not be a credit to the regular instaliments of annual Assessments levied ag inst the <br /> res�ective Unit. T'he funds shall be deposited into a s�gregated Association account no ater than <br /> the'termination of the Declarant Control Period. Funds deposited in said account sh 11 not be <br /> used to defray any of Declarant's expenses, reserve contributions or construction cos s, nor to <br /> make up any budget deficits during the Declarant Control Period. However, upon the losing of <br /> thei initial sale of a Unit, Declarant may reimburse itself from funds collected from the urchaser <br /> MP11S-Word 95281.1 l 9 <br /> I - � <br />
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