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HomeMy WebLinkAbout2614 t Units in 2 buildings and shall be completed (if the Developer shall elect to build it) by the 31st day of August, 1982 (if the Developer shall elect to build it). Phase C shall have 22 Units in one building and shall be completed (if the Developer shall elect to build it) by the 31st day of August, 1982. (3) Phase B and Phase C shall include the land, parking areas, walkways or roadway as is shown on that portion of said Exhibit No. "I" as is applicable to that particular phase. These items, as well as any others shown on Exhibit "I" as being a portion of Phase B or C, shall not become a part of this Condominium unless and until Phases B and/or C are added to the Condominium by submission to the Condominium 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. (4) Phases B and/or Phase C may be added to the Condo- minium by recording 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 Beachtree II, 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. (5) Upon the submission of each additional phase 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 such subsequent pleases, the total number of votes in the Condominium shall be adjusted as follows, e.g. Phase A = 20 votes; Phase A and B = 42 votes; Phase A, B and C = 62 votes. See Article VI hereof. (6) The Developer shall have the sole discretion to determine whether such additional phase or phases shall be added to the Condominium as aforesaid. If any such phase or phases are not added to the Condominium, Developer shall not be obligated to provide to the Condominium a_11 or any portion of such phase or phases not so added. ARTICLE II ~I DEFINITIONS When used in this Declaration of Condominium, the following ~ terms (unless the context clearly requires otherwise) shall have the following meanings: i 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. i E S B. ASSOCIATION OR CONDOMINIUM ASSOCIATION means BEACHTREE s II, INCORPORATED, a Florida nonprofit corporation, the entity responsible for the operation of the Condominium. C. BOARD OF DIRECTORS means the Board of Directors of the Condominium Association. } D. BYLAWS means the Bylaws 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. s -2- r:~~Z P~GE~~Q k