HomeMy WebLinkAbout0873 11. k~~.:c~n~.~.r~i~ ~ i~~i~ <,i• r~~~~,,i r ut t,~•r c~~su~lty.
11.1 U~~t~~~-miri.~t.i~~n tc~ r~~cc~n;tr~icY, or r~~pair. If any p~rt of
ti~~~ Cun~u~uiniun~ ~r~~p~_rty s t ;,may~,~`•~-F'y ca~ual c.y~ avh~.~ther or .
not it ~h<~11 b~ rc,construct.c,c1 or rep~ired shall be determined in
th~ follawiny manner: .
) ~:~~mmon e 1~•rm •n t. 1 t tf~c: ci~m:~ged improveinent i S
ccmunuri ~iu~~nt. L i~r ~.i.~in.~c~~~ proF~t~rty shall bc: T~~construCt~d
or r~~~,,,ir~~c~. unl~~ss iL i~ cltt~:rrni~ed in th~.~ manner elsewhere
~;ruvi~~~~f Lt~.,t th~ Con~lu~uiniwn shall t~c: tc.•rminatcd.
( t;) ( J) 1.~,JJ~~r ~1~,~~~,,~ If th~~ damaged improvement
is ~h~ ~~~art~n~~nt b~ii ~inc , and if apartments to .
wl~ich fitty p~~rc~~~t (SUy~~ of the common elements
~~r~: .~ppurt~nant ar~ found by the Board of Directors
ot~ the /~ssoci:,tion to b~ te~antable, the damayed
proF~~rty stiall b~ r~~constructed or repaired, unless
within sixty (60) .1ays after the casualty, it is
c1e ~errr,ine~ by agrc.~cment in the manner el seY+here
F~rc~viJ~d that th~ Condominium shall be terminated.
( 2) h1~ j or ci.,a~:~qe . I f the damaged improvement
i5 tli~ ap~,rtm~r?t building~ und if apartments to
vl??i~t~ morc: th~n f i f ty ~~:rc~~nt ( 50;~) of the common
E~l~.•»~`nts are a~,purten~nt are found by the Board of
llirecturs to t~e nat
t nantable, then the damaged pro-
4;erty ti•riZl net b~~ reconstructeci or repaixed, and the
Londo~ninium tivill 1;~• terminated v~ithout agre~ment
els~.-~,her~ provici~d, unles::~ ylithin sixty (60) days
.,f t~~r Lh~ casu,~lty, th~ owners of eighty ~ercent
(riu;~) c;t tt~~~ co~?uuan ~~le?nents ayree in writing to
:;uct? r~constTUi:t1G(1 or repair.
( c) C~-rti t ic~3 t.., . Th~ Insurance Trustee may rely
upon cert-it
ic.~tc~
o~` th~~ Association made by its President
and att~~st~~C by its ~~-cretary as to whether or not the
damag~>d property is to be reconstruct~d or repaired.
11. 2 F'; :,n~ ~~nd s eci f ic: at ions. Any reconstruction or
re~air must substantia y in accordonce with the plans and
sp~cifications far the original building, or, in lieu thereof,
accordiny to ~-~lans and speciiications approved by the Board of
DirectUrs af ttle Association, and if the damaged property is in
the apartm~nt l~uilding, by t11e awners of not less than eighty
~e rc ent ( f?U
U) of tht, conunan el e~ients, inc luding the owner s of
~jll d;~inagF~d ~~~::~rtments, t~~3~~ther r~ith the :approval or the
institution3l rnortgagf:es 1?c~ldinq f?_rst mortyages upon all
d~m.3y~-~~ ,~E;.,rt~n~~nts, ~~~hicF? ~f;~~roval shall not ~e unreasonably
witht~c:ld.
11 . 3 i:~- ..E ~.;~~~ihil i r.y. I f th~ darnag~: is only to those
F~~rt~ c>t on~~ .~p~i L;r,ent ior •.:t~ich the responsibility of main- ~
t~n~nc~ an~3 r`~~air is *h~t oE the apartment owner. tt~en thc
s~i~i own~~r ~hall bc re~nonsible for recons-truction and repair
~t tc•r c~sualty. In ~,11 ottic~r i~~stances ttie responsibility -
oi recor,struct~on ~nd r~p~ir ~iter casualty shall be that of
the AssociUtiun.
.il.~t f:~.tim.+t~~s ~,f ~c,~ts. Imrncdiately after a determination
is m~:df: tv z~~k~uild or repair damage to property for n+hich the
Associ,~ti~.n h:~s the r~~s~onsibility of xeconstruction and repair,
the AS,oc~Ldtion sh~ll cbtdin reliable and detailed estimates
of th~.- cc,sr tc.~ r~build or rcp.~ir.
~
~ ~ aoo~ 223 P~E 873