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HomeMy WebLinkAbout2059 Y~ 3.13 Directors' fees~ if any, shall be determined by members of~the Association, and approval of any such fees shall require the affirmative vote of not less than two_thirds of the entire membership of the Association, provided, direcfiors designated by the Developer, and the first Board of Directors, shall not be entitled to any fees or compensation for their services as directors. 4. Powers and duties of the Board of Directors. All of the powers and duties of the Association existing under the Condominium Act, Declaration of Condominium, Articles of Incorporation and these Bylaws shall be exercised exclusively~by the Board of Directors, its . agents, contractors or employees, subject only to approval by condominium unit o~aners where such approval is specifically required. Without limiting the powers and duties of the Board of Directors, it shall have the follocaing express powers. in addition to all others herein granted, and provided for by the Declaration of Condominium and the Condominium Act, to wit: ~ (a) To enter into a Ninety.l~iine Year Lease on i recreation area, in behalf of and in the name of the Association. V ' (b) To enter into a long_term management contract, ~ ~ ~ providing for the management of the condominium property and of the € recreation area. ~ ~ (c) To enter into contracts for the purpose of making 5 4 available to the owners of condaminium units and the residents of ~ a ~ the condominium apartment building such services as, but not limited ~ ~ ~ to, door man and automobile parking; maid service; security ala~n ~ G ~ system and the like, provided, however, that the teMn or period of ~ such contracts shall not exceed fifteen (15) years, and provided, ~ ~ ~ further, that said contracts may provide for additiaa~al extensions _ i of the original term in the absence of written r~otice of tezn?ination ~ _ _ ( _ , by either party. No such contracts shall impose any involuntary s monetary obligation or assessmenfi upon any resident of the condominium :r~ - building or upon the Association, but shall serve only to make avail_ ; •able such services at the election and option of the user. ' ; . a _ ~ _ _ ~ - sooKz37 pAGE2057 ~ : : ~ rw~ _ ~ 'pT+~ r> . . . _ _ _ , . . . _ c_ (...n~. 3~ ,