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- <br /> ; '. +-. <br /> I • ' <br /> � � <br /> . Owner or the Owner's authorized representative, furnish the resale disclosure certificate. The _ <br /> Association may charge a reasonable fee far furnishing the resale disclosure certificate and any <br /> documents related thereto. <br /> SECTION 6 <br /> r�SSESSMEN'1'S <br /> 6.1 General. Assessments shall be determined and assessed against the Units by the • <br /> � Board, in its discretion, subject to the requirements and procedures set forth in this Section b and <br /> the Bylaws. Assessments shall include annual Assessments under Section 6.2, and may include <br /> special Assessments under Section b3 and limited Assessments under Section 6.4. Annual and <br /> special Assessments shall be allocated among the Units in accordance with the allocation <br /> formula set forth in Section 4.2. Limited Assessments under Section 6.4 shall be allocated to i <br /> Units as set forth in that Section. <br /> 6.2 Annual Assessments. Annual Assessments shall be established and levied by the <br /> Board, subject to the limitations set forth hereafter. Each annual Assessment shall cover all of <br /> the anticipated Common Expenses of the Association far that year which are to be shared equally <br /> . by all Units in accordance with the allocation set forth in Section 4.2. Annual Assessments shall <br /> be payable in equal monthly or quarterly installments, as determined by the Board. Annual <br /> Assessments shall provide, among other things, for an adequate reserve fund for the replacement <br /> of those parts of the Common Elements and those parts of the Units for which the Association is <br /> responsible, except to the extent that the replacement is funded by limited Assessments pursuant <br /> to Section 6.4. Until the first annual Assessment is Levied, Declarant shal! pay all Common <br /> Expenses. <br /> 6.3 Snecial Assessrnents. In addition to annual Assessments, and subject to the • <br /> limitations set forth hereafter, the Board may levy in any Assessment year a special Assessment <br /> against all Units in accordance with the allocation set forth in Section 4.2. Among other things, <br /> special Assessments shall be used for the putpose of defraying in whole or in part (i) the cost of <br /> any unforeseen and unbudgeted Common Expense, {ii) general or specific reserves for <br /> maintenance, repair, or replacement of any part of the Praperty,and (iii) the maintenance, repair, , i <br /> or replacement of any part of the Property,and any fixtures or other property related thereto. <br /> 6.4 Limited Assessments_ [n addition to annual Assessments and special <br /> Assessments,the Board has the authoriry to(and, in certain instances set forth in this Section b.4, <br /> shall) levy and allocate limited Assessments among only certain Units in accordance with the <br /> following requirements and procedures: <br /> � 6.4.i Any Common Expense associated with the mainienance, repair, or <br /> replacement of a Limited Common Element shall be assessed exclusively against each <br /> Unit or Units to which that Limited Co►nmon Element is assigned, equally or by the cost <br /> per Unit. <br /> 6.4_Z Any Cammon Expense benefiting fewer than al] of the Units, may, at the <br /> Board's discretion,be assessed exclusive]y against the Unit or Units benefited. - <br /> MPLS-Word 9526 t.t I 8 <br /> j � <br /> _.._.._.�_..— .. i <br />