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' � •�� [�� ` _ Owner or the Owner's authorized representative, furnish the resale disclosure certificat . The _ Association may charge a reasonable fee for furnishing the resale disclosure certificate a d any documents related theret�. SECTION 6 ASSESSMENTS 6.1 General. Assessments shall be determined and assessed against the Units y the • Board, in its discretion,subject to the requirements and�procedures set forth in this S�ctio b and the Bylaws. Assessmenis shall include annuai Assessments under Section 6.2, and may i clude special Assessments under Section 6.3 and limited Assessments under Section 6.4. Ann al and special Assessments shall be allocated among the Units in accordance with the all catian formula set forth in Section 4.2. Limited Assessments under Section 6.4 shall be allac ted to i Units as set forth in that Section. 6.2 Annual Assessments. Annual Assessments shall be established and levied y the Board, subject to the limitations set forth hereafter. Each annual Assessment shall cove all of the anticipated Common Expenses of the Association for that year which are to be shared e ually . by all Units in accordance with the allocation set forth in Section 4.2_ Annual Assessment shall be pa�able in equal monthly or quarterly installments, as determined by the Board. nnual Assessments shall provide, among other things, for an adequate reserve fund for the repla ment of those parts of the Common Elements and those parts of the Units for which the Associa ion is responsible,except to the extent that the replacement is funded by limited Assessments p suant to Section 6.4. Until the first annual� Assessment is levied, Declarant shal! pay all Co mon � Expenses. 6.3 �ecial Assessrnents. In addition to annual Assessments, and subject o the • � limitations set forth hereafter, the Soard may levy in any Assessment year a special Asse sment against all Units in accordance with the allocation set forth in Section 4.2. Among other ings, special Assessments shall be used for the putpose of defraying in whole or in part(i) the ost of any unforeseen and unbudgeted Common Expense, (ii) general or specific reserv s for maintenance, repair, or replacement of any part of the Propercy,and (iii) the maintenance, epair, , i or replacement of any part of the Property,and any fixtures or other property related theret . 6.4 Limited Assessments. In addition to annual Assessments and s eciai Assessments,the Board has the authority to(and, in certain instances set forth in this Secti n 6.4, shall) levy and allocate limited Assessments among only certain Units in accordance wi h the following requirements and procedures: � 6.4.i Any Common Expense associated with the maintenance, repa r, or replacement of a Limited Common Element shall be assessed exclusively agains each Unit or Units to which ihat L�mited Common Element is assigned, equally or by th cost per Unit. 6.4.2 Any Common Expense benefiting fewer than all of the Units, may, t the Board's discretian,be assessed exclusively against the Unit or Units benefited. MPLS-Word 95261.I 1 8 � � –�---�--—-- .. i