HomeMy WebLinkAbout1252 3) Phase (B) shall include the land, parking areas, ~
walkways or roadway as is shown on that portion of said Exhibit
No. "1" as is applicable to Phase (B). These items, as well as
any others shown on Exhibit "1" as being a portion of Phase (B)
shall not become a part of this Condominium unless and until
Phase (B) is added to the Condominium by submission to the Condo-
minium Act. No recreation areas or facilities are proposed to be
included in any phase (other than open space) and, since there '
are to be no such facilities in any phase, no personal property
will be provided for such facilities.
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(4) Phase (B) may be added to the Condominium by tecording
an amendment to this Declaration in the Public Records of St.
Lucie County, Florida, declaring this submission of that particular- }
phase to condominium. ownership under the Condominium Act as a
part of the Golf Villas, a condominium. Neither the approval nor {
the consent of any Unit Owner or the Association (as hereinafter
defined), shall be required for .such amendments. Notice, however,
of the amendment shall be given pursuant to the requirements of
the Condominium Act. i
(5) Upon the submission of Phase (B) to condominium
-ownership, the share of Common Elements and Common Surplus shall.
be adjusted in accordance with Article V hereof. Likewise, upon
the addition of Phase (B), the total number of votes in the
Condominium shall be adjusted as follows, e.q. Phase (A) = 100 -
votes; Phase (A) and (B) = 100 votes. See Article VI hereof.
(6) The Developer shall have the sole discretion to
determine whether Phase (B) shall be added to the Condominium as
aforesaid. If Phase (B) is not added to the Condominium, Developer
shall not be obligated to provide to the Condominium all or any
portion of Phase (B) not so added. ~ -
ARTICLE II
DEFINITIONS
When used in this Declaration of Condominium, the following
~ terms (unless the context clearly requires otherwise) shall have
the following meanings: '
~ A. ASSESSMENT means a share of the funds required for the
payment of Common Expenses which, from time to time, is assessed
against a Unit Owner.
B. ASSOCIATION OR CONDOMINIUM ASSOCIATION means GOLF VILLAS,
INCORPORATED, a Florida nonprofit corporation, the entity responsi-
ble for the operation of the Condominium.
C. BOARD OF DIRECTORS means the Board of Directors of the
Condominium Association.
D. BY-LAWS means the By-Laws of the Condominium Association,
a copy of which are attached as Exhibit No. "2" to. this Declaration -
of Condominium and incorporated herein by reference, as the same
may be from time to time amended.
E. COMMON ELEMENTS means those portions of the Condominium
Property not included in the Units.
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