HomeMy WebLinkAbout0375 Sectio~~ I1. rx::=npt Property. The following property subject to this Declaration
s~inll be exempted from the assessrnents, ch~rres ar~d liens created I~erein: (a) all properties to
the extent of any easement or other interest tl~erein is dedicated and accepted by tiie loca) public
authorit and devoted to public use; and, (b) All Common Properties as defined in Article l, Section 1
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hereof, w{iich ore wholly exemp!•~d from u~ vaiorem~ real property taxatior~ under the la~vs of the
Stete of Florida.
Nohvithstandiny any provisions her~in, no land or improvements devoted to dwelling
us~ shall be ex~mpt from s~id assessmen~s, charges or liens,
Scction 1~, Special .Oblic,~ation of the Developer to Pay Annual Assessments.
The Developer shail itot be obligated to pay the annual assessments requir~d under
Section 4 in respect to any lots or d~velling units owned by it so long as this Section 12 sholl be
op~rative, instead the Develope~ shall pay the annual assessments for tnat number of Memberships
which shall be computed in the following manner: I,000 less t1~e number of Class A Memberships,
excluding Class A Memberships ow~ed o: held by tne Developer, if any. Once there shall be
I,Q~?0 Class A Memberships excluded tl~ose Class A Memberships held or owned oy the Developer,
if any, the Developer sholl have no further oyligation to pay any of the annual assessments in
respect of Membership. Furthermore, the forec~oir.g notwithstvnding from and after January I, 1980,
~ th~ Developer sh~ll have no obligatio~ to pay the annual assessr~ients in respec.fi oF any MembersF~ips
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~ owned by the Developer whether said Memyarships shall be properly dznomir.ated ~.lass A~Jlember-
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i ships or Class B Memberships, t~everth::less, should the Devzlopzr own ar hold any Memaers ips
~ in respect of dvielling ~nits owned by the Developer, subsequent to Jonuary I, 1930, which dwelling
units are occupied, then for the period of the occu?ancy, the Developer shall be required to pay the
anrr~al assessmenfis in respect o~ sucn MembershiFs, appropriai-ely pro-rated for ~he period of the
occupancy of ~~ie Dv~elling'.1~~i:s o•ri;~ed by the Developzr giving rise to the Developer's obligations
hereund~r. Vb'henever th~re shall be any c{~onge in the Develop~r's o'~ligotion to pay annual
assess~nents in occordance ~vith this Section 12, there shall be an opnro;~riate pro-~ation of the
~ ~iooer's o~li tion related to time. By way of example ard not of limitotion should ~he
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Developer's ooligation to pay assessments i~: respect of any Membership mature on th~ first day
of tne sev~nth mo:~th of ti~e annual period for vrhici~ th~ aiinual assessr:~ent~ ~?as been made by the
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