Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
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'B:03 MIG/jtf 2/4/84<br />
with such depositories as the Executive Board, in its discretion,<br />
selects.<br />
8.8 Special Assessments: In addition to the assessments<br />
levied as provided in Section 8.3, the Executive Board, in its<br />
discretion, may levy special assessments at such other and<br />
additional times as in its judgment are required for:<br />
Pair and Mai<br />
ce of Common E1eien<br />
Re ntenan s and<br />
<strong>Condominium</strong>s.<br />
Maintenance, repair and restoration of the<br />
Common Elements, and operation of the <strong>Condominium</strong>.<br />
ALterationS, Improvements and Additions to<br />
Common Elements.<br />
Alterations, improvements, and additions<br />
to the Common Elements; provided, however, that any such<br />
special assessment involving the expenditure of Five<br />
Thousand Dollars ($5,000.00) or more shall be first<br />
approved by the voting members of the Association representing<br />
at least sixtyseven (67%) percent of the total<br />
votes in the Association, at a special meeting called for<br />
such purpose.<br />
Curinq of Member's Default.<br />
Costs and expenses<br />
incurred in curing defaults of a member pursuant to<br />
Section 12 hereof.<br />
Special assessments made pursuant to this Section shall<br />
be deemed levied upon notice thereof being given to the<br />
members subject to<br />
such special assessment, and shall be<br />
payable as determined by the Executive Board and as set out in<br />
such notice.<br />
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