HomeMy WebLinkAbout1421 determined to be fair and equitable by the Board. Nhere such alterations or
additions exclusively or substantially benefit individual Owners requesting
same, such alterations or additions shall only be made when authorized by
the Board and ratified by not less than seventy-five (75x) of the total
votes of the Owners, exclusively or substantially benefiting therefrom, and
where said Ow~ers are ten or less, the approval of all but one shall be re-
quired.
Any expenses incurred by the Association or, prior to Cessation of
Development, the Developer~ pursuant to this Section XIV shall be deemed a
Comnon Expense. ~
- XV
TERMINATION ~ ~
This Condominium may be voluntarily terminated in the manner pro-
vided for by applicable law except that such termination must be consented
to by the Developer. _
XVI
, - EXPANSION OF CONDOMINIUM
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~ Pr.ior to Cessation of Sales, Oeveloper may elect and shall have the
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~ power to expand the Condominium and the Condominiu::~ Property to include cer- .
tain other real estate adjacent to the Condominium Property. In the event
the Condominium is so expanded, the total Units in the Condominium as expanded
shall each have an equal share of the Ca~mon Elements and the Cambn Co-Use
Areas included in the or~ginal Condominium and the additional Condominium area.
This will have the effect of incre3sing the total Condominium Property and
decreasing the Owners' individual percentage interest in the Carmon Elements
and Comnon Co-Use Areas. That new percentage interest of the Owners shall
also be used for determining each Owner's interest in the Comnon Surplus and
Comnon Expenses. Individual Owners in the original Condominium and addit~onal
Condominium Area shall all have the same rights and liabilities hereunder.
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