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��a n.s I • - I � . � • . I • ' Y 6.4.3 In addition to annaal Assessments and special Assessments,the Board has • the authority to (and, in certain instances set forth in this Section 6_4, shall) levy and ' allocate limited Assessments among only certain Units in accordance with the following requirements and procedures. . " 6.4.4 The costs of insurance may be assessed in proportion of the square footage or actuat cost per Unit. i . � b.4.S Reasonable attomeys' fees and other costs incurred by the Association in ; connection with (i) the cnllection of Assessments and (ii) the enforcement of the Governing Documents, the Act, or the Rules and Regulations, against an Owner or Occupant or their tenants or guests, may be assessed against the Owner's Unit. b.4.6 Late charges, .fines, and interest may be assessed as provided in Section ]4. 6.4.7 Assessments levied under Section S 15B.3-I l b(a} of ihe Act to pay a jud�ment against the Association may be levied only against the Units existing at the time the judgment was entered, in propartion to their Common Expense liabilities. 6.4.8 If any damage to the.Common Elements or another Unit is cavsed by the � act or omission of any Owner or Occupant, or their guests•or invitees, the Association � may assess the costs of repairing the damage, or any increase in insurance rates directly attributable to the Act or omission,exclusively against the Owqer's Unit to the extent that - the damage is not covered by insurance. 6.4.9 If Common Expense liabilities are reallocated for any pucpose authorized by the Act, Assessments and any installment thereof not yet due shall be recalculated in accordance with the reallocated Common Expense liabilities Assessments levied under Sections 6.4.1 through 6.4.8 may, at the Board's discretion, be assessed as a part of,or in addition to, other Assessments levied under SeGtion.6.l or 6.2: � � 6.5 Workin�Cauital Fund. There shall be established a working capital fund to meet • ° i unforeseen expenditures or to purchase additionat equipment or services for the Association. I The Board may include in each subsequent annual budget a reasonable amount of working capital,based upon the anticipated needs of the Association for the year in question. There shall . be contributed by the purchaser of a Unit, on a one-time basis upon the initial sale of each Unit by Declarant, an amount equal to four monthly installments of the estimated annual Assessment for the Unit in the year of the sate. The contribution shall be paid at the earlier of(i)ttze time of closing of sale of the Unit or (ii)the time of termination of the Declarant Control Period. The contributions to this fund are in addition to the regular installments of annua� Assessments, and shall no# be a credit to the regular installments of annual Assessments levied against the respective Unit. 1fie funds shall be deposited into a s�gregated Association account no later than the termination of the Declarant Control Period. Funds deposited in said account shali not be used to defray any of Declarant's expenses, reseive contributions or construction costs, nor to make up any budget deficits during the Declarant Control Period. Ho.wever, upon the closing of the initial sale of a Unit, Declarant may reimburse itself from funds coilected from the purchaser MPLS-Word 95281.i 1 9 I