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1. General Assessments. General assessments shall be
fixed annually-for the purpose of maintenance and management of .
the Association, the Common Property, and the Association
Property. Maintenance and management expenses referred to herein
as being included within the scope of general assessments shall
include, but nat be limited to, the cost and expense of:
operation, maintenance and management of the Association, the
Common Property and the Association Property; property taxes and
assessments against the Common Property and Association Property; .
insurance on the Common Property and the Association Property;
public liability insurance; legal and accounting fees; management
fees; repairs and replacements; charges for utilities used upon
the Common_Property and the Association Property; cleaning
services; expenses and liabilities incurred by the Association in
the enforcement of its rights and duties against members or
others; the creation of reasonable contingencies for reserve
requirements for the protection of the members and its property;
and all other expenses deemed by the Directors of the Association
to be necessary and proper for management, maintenance and repair.
'"he Association shall annually estimate the amount of expenses it
expects to incur and the period of time involved therein and may
assess its members sufficient monies to meet this estimate.
Should the Association through its Directors at any time determine
that the assessments made are not sufficient to pay the expenses,
or in the event of emergency, the Board of Directors shall have
~ authority to levy and collect additional general assessments to
meet such needs. Ali notices of assessments from the Association
to the members shall designate when they are due and payable. All
general assessments shall be at a uniform rate for each unit or
parcel, so that each unit or parcel subject to this Declaration
shall be assessed equally.
General Assessments shall be collectible in advance monthly,
quarterly, semi-annually or annually, as the Board of Directors
M
shall determine. Any delinquent general assessment shall bear
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