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Home My WebLink About0075 of this condominiunn, and the assessment obligation of the Condo- minium Association to Oceana Recreation Association, Inc., as ~ said obliqation is more specifically described in the aforementioned Membership Agreement. Common Expenses include, but are not limited to, such items as cost of premiums for hazard and public liability ~ insurance, repairs, replacements and expenses of upkeep, lawn service; utility bills, pool service, all real property taxes and sgecial assessments and any use or other taxes (other than income taxes) imposed upon rentals by governmental authorities (if such taxes and special assessments are not charqed directly to the owners of Condominium Parcels), janitor service, accounting and legal fees, wages and fees for managerial and other servicea, and a reasonable and adequate reserve fund to provide for oontin-- gencies~, all as may be required in the maintenance and management of this condominium. The awner of each Condominium Parcel shall be liable to the Condominium Association for the share of Caaiamon Expenses set forth on the attached Exhibit "A". A. Assessments - The Condominiwn Association shall assess the awners of Condaminium Parcels for the purpose of providing funds for the payment of common expenses and any other authorized expenses as provided herein and in the By-Laws of the ~ •Condominium Association. ! l. Regular Assessments - The Condominium ! ~ Association shall prepare an annual budget not less than sixty i ~ (60) days in advance of the commencement of each fiscal year which I . ~ shall project the estimated comm~on expenses of the Condominiwn E ~ Association for the forthcoming year, and based on such estimated E B ' F expenses, the Condominium Association shall fix and determine the amount of the assessment to be charged to the owners of each i Condominium Parcel for said forthcoming year. After adoption ~of said proposed budget by the Board of Directors at a special i ~ ~ ~ • ~ f ..g _ ~ 6aoK 245 ~A~ ?5 : P I "t - ~ ~-4~- ''z~,~ _ _ t ~y~~ ~ "~s ~r a