HomeMy WebLinkAbout0459 -15-
1. Co~non elements. If the damaged improvement
is a common e ement, the damaged property
shall be reconstructed or repaired, unless
~ it is determined in the manner ~lsewhere
provided that the condominium shall be
terminated.
2. Apartu~ent Buildir~.
a. Lesser dam e. If the damaged improvement
ia t e apartment building and if dwelling
units to which ~Q~ of the common elements
are appurtenant are found by the Board of
. Directors of the Association to be tenant-
~ able, the damaged propertq shal.l be recon-
structed or repaired unless within 60 daps
after the casualty it i$ determined by
agreement in the manner elsewhere provided
that the condominium shall be terminated.
b. Ma'or dama e. If the damaged improvement
is t e apartment building, and if dwelling
units to which more than 50;~ of the common
elements are appurtenant are found by the
Board of Directors to be not tenantable,
then the damaged praperty will not be
reconstructed or repaired anc~ the condominium
will be terminated xithout agreement as else-
where provided, unless within 60 days after
the casualty the owners of T59& of the common
elements agree in r~rriting to such recon-
struction or repair.
3. Certificate. T~~ ~nsurance Trustee may rely
upon a certificate of the ~lssociatis~n made bq
its President and Secretary to determine whether
or not the damaged property is to be reconstructed
or repaired.
B. Plans and Specifications. Any reconstruction or
repair must be substantially in accordance with the plans and
specifications for the original building, portions of which
are attached hereto as exhibits; or if not, then according to
~ plans and specifications approved by the Board of Directors of
` the Association, and if the damaged property is the apartment
E
~
~ building, and by the owners of not less than 75~ of the common
~
s
; elements, including the awners of all damaged dwelling units, ~
F
i
t -
`r
~ C. Responsibility. If the dama,ge is only to those
E
i
parts of_one dwelling unit for Nhich the responsibility of
maintenance and repair is that of the dwelling unit owner,
` then the dwelling unit owner sha:ll be responsible for re-
~
construction and repair after casualty. In all other instances,
the responsibilitq of reconstruction and repair ghall be that
_ of the Association.
f ~N{/II r~i[
;a -
~ ~ -
e~. , - •
. _ . . ~ ..e.<,