HomeMy WebLinkAbout0831 l~rovi so. i~rovi~i.~d ~ I~c,w~:v~ r, th~ L un ti 1 ti~e U.~v~.~l o}~~~r
has comF~l~tc:d all of th~.~ cont~~~nplated improv~~~~~~.~nts .Ln~ ~:lo~~~i
.
the s~les of~ all of th~~ condorniniuin units~ c~r until onc> ( 1).
year from the ciate the DE,~cl~~ration of Cc~nciominiu~n i~, r~cc-rcled,
or until th~~ Dc:veloper c:lects tc, t~~rminut~ his cont~ol oi tha
c:ondominium~ which~v~r shall first occux, th~ proce~~dir~c3:. ~f i
alI mvetings of ineuib~rs of the AssvciUti~n ~hull havc,, no erfact '
unless approved by the F3oard of Dir~ctors.
3. Uirectors. -
3.1 M~.~mbership. The ~f f;~irs of the Assc~ciati,~r~ ~t~„11 be
managed by a Board of Director~ wt~o shall b~ n?err?ber s of t.h~ -
Association, excepting that th~ first f3oard ot~ Gire•:toi s sliall
consist oi three (3) directors ~vho neEd not b.• n~~mb rrs oi the
association. and thereafter th~ membership of ~t?a~~~a`~ :.h~ll
consist of not less than fiva (5) dir~ctors. The B~~ard c~f
Directors may from time to tim~ incredse or d~creas~_~ 'tt~e nurnber
~f persons to sezv~ an the Board~ provid~d, hc~wcver, tt~ai the
~ Baard shall consist of an ocld nurnber c~f inemk.ers ~ an j~1 ovid~d,
k •
' turther, Lhat follnwing th~ terin of oi fice c~t~ the f irst l:oard
~ ~ . .
~ of Directors, the f~o~rd sh~sll n~:ver c~nsist oi less th~,n five
(5) m~mbers. Any increase or d~credsc: in the number ol ~:~erni;ers
on the E3oard shall be efrectuat~d at le.ist thirl:y ( 3G) d.~ys
prior to a regular annual election of the B~ard, an3 such ci~ange
in nuinbcr shall be eftectiv~ ds of thc~ date oi the nexi. regulsr
election.
3.2 Election of Dirf~ctai s sha12 b~ consi~lcted in th:•
fallc,winy m~nner: ~
(a) Electic~n of Uirc-ctors ~hall t~e hE:ld ~t Lh•:
~nnual members' inecting, subject to tt,~ f,rc,vi:.ion~ :~f
sub-paragraph 3.2 (f) h~reof.
(b) The Bo~rd of DirLctors may, ~t its ciscretior~,
dc:signate a nominating committee of not lass than thr~e ,
(3) nor more tt?an fiv~; mc~mbecs. Ir? th~= e~ent thc•
Ei~~rd shall el~ct to desiynate such ~~.o3r?mitt~ e, r_ht~
80Dl1 ~Cf OJ~