HomeMy WebLinkAbout0946 ARTICLE XI
RECONSTRLCTI~N OR REPAIK AFTER CASUALTY
A. DETERMIhATION TO RECONSTRUCT OR REPAIR. If any part. of
the C~~ndominium Frop~rt}~ shall be damaged by casualty, whether or not
it shall be reconstructed or repaired shall be det.ermined in the~fol-
lowing manner:
1. Common Elements. If the damaged improve-
ment is a common elemEnt, Lhe damaged proF-
e rty sha21 be reconstructed or regaired, .
ur.less it is determined in the manner else-
where provided that the Condominium sh~ll
be terminated.
2. Apartment Buildin,g
a. Lesser Dama e. If the damaged improve-
ment is t e apartment building and if
dwelling units tc which 50~ of t~e common
eiements are appurtenant are found by the
Board of Directcrs of the Association to
be tenantable, the damage~ property shall ~
be reconstructed ar repaired unless with- r
in sixty (60) days af*er Lhe casualty it
is determined by agreement in the manner
elsewhere provided that the Condomir,ium
shail be terminated.
b. N,ajcr Dama~e. If the damaged improvement ~
is *he apartment building, and if dwelling
units to which mere than 50~ af the cammon
elements are appurtenant are found by the
Board of Dire ctors to be not tenantable,
then the d~maged property will not be re-
construc*ed or repaired and the Cendominit:m
will be terminated withouL agreement as
elsewr,ere grovided, unless within sixty E
(60) da~s after tn2 casualty, the owners
of of tr.e commor. eiements agree in
writir.g tc sach recanstruction or repair.
3. Certif; cate. The Inszarance Trustee may reI}k upon
a,certi icate of the A sscciaLion made by its Pre si- f
der.t and ~ecretary to determine whether or not the
d~-,aged pr~gert~y is t~ be reconstructed or repaired.
B. PLAI~S AP~D SPE~ZFICATI OI~i~ . ~ny re construction or repa ir
!
' ~,us~ be s~:bstar~tiaily in accordance with the plans and specifi~atiors -
~
~~r Lhe ~r~~irai bu~l~ir.g, portiors ef which are att.ached heret~ as
~x';~c~ts; :r ;f r.ct, *he:: ac~erding t~ plans and specifications ap-
F~r~i-ed b;- tre Bcard ~:.,f Uirectars ef ;.he Assccia* ion , and if *he dama~ed
pr~Fert~; is the ap~rt::ert ~uildin~, ar,ci by the owr.ers of r.ot less than
~:~f ~hF c~~r:~~n~r. e~er~:en*s, ~nc~:~dir.g thE cwners ~f aii damaged dwell- i
i
t
:r.~K ur.~~ wh;~h appr:.v31 shali r.~t be unreasonably withheld. ~
RE~r;.~I,~SZBILiTv. If the damage :s er.iy ~a those par*_.s ef
~ r.~e awei~ ir.~ ~.<ni} for w~i ~~h the respcr:sibili*; of r:ia~rter1ance and re-
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