HomeMy WebLinkAbout0110 1. Not less than 2/ 3 of the entire membership of the Board of Directors and by
not less than 2/3 of the votes of the entire membership of the Association; or
2. Not less than 80$ of the votes of the entire membership of the Associatian; or
3. Until the first election of directors, only by all of the directors, provided the
amendment does not increase the number of dwelling units nor alter the -
boundaries of the common elements .
C, . Proviso. Provided, however, that no amendment shall discriminate against any dwe1-
ling unit owner nor against any dwelling unit or class or group of apartments, unless the
dwelling unit owners so affected shall consent; and no amendment shall change any dwelling
unit nor the share in the common elements appurtenant to it, nor increase the owner's share
~ of the common expenses, unless the record owner of the dwelling unit concerned and all
~ record owners of mortgages on such dwelling unit shall join ia the execution of the amendment.
; Neither shall an amencUnent make an~r change in the sectiori entitled "Insurance" nor in the
~ section entitled "Reconstruction or Repair After Casualty" unless the record owners of all
~ mortgages upon the condominium shall join in the execution of the amendment.
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; D. Execution and Recording . A copy of each amendment shall be attached to a certifi-
~ cate certifying that the amendment was duly adopted, which certificate shall be executed by
~ the officers of the Association with the formalities of a deed. The amendment shall be effective
~ when such certificate and copy of the amendment are recorded in the Public Records of St.
~ Lucie County, Florida .
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~ ARTICLE XV
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t; TERMINATION .
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The condominium may be terminated in the following manner in addition to the manner
provided by the Condominium Act .
i~ A. Destruction. If it is determined in the manner elsewhere provided that the apartment
;a building or buildings shall not be reconstructed because of major damage. the condominium
-~z plan of ownership will be terminated without agreement.
~s B. Agreement . The condominium may be terminated at any time by the approval in
writing of all record owners of dwelling units and all record owners of mortgages on dvvelling
units. If the proposed termination is submitted to a meeting of the members of the Association,
the notice of. the meeting shall give notice of the proposed termination, and if the approval of
the owners of not less than 75$ of the common elements, and of the record owners of all mort-
gages upon the dwelling units, are obtained in wriring not later than thirty (30) days from
the date of such meeting, then the approving owners shall have an option to buy all of the
dwelling units of the other owners for the period ending on the 60th day from the date of
~ such meeting. Such approvals shall be irrevocable until the expiration of the option, and
if the option is exercised, the approvals shall be irrevocable . The option shall be upon the
following terms:
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