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expenses described in Paragrapi~ 2.6 of the
Declaration of Condominium arli3 any other expenses -
designated as common expenses by the Board of
Directors. ~ .
(b) E'unds for the payment of common expenses shall be
assessed and be a lien ayainst the condorniniurn
parcels in the proportion of percentage of sharing
common expenses as prdvicled in the Declaration of
Condominium.
(c) Regular assessments shall be paid f,y the members on
a yuarterly basis unless the membership shall
approve a different period for payment.
(d) Special assessments, when required by the Hoard of
- Directors, shall be levied and paid in the same
manner as regular assessments, unless the
Declaration of Condominium shall otherwise provide.
The Hoard of Directors may make special assessments
in emergencies and upon such cond"itions as the
Hoard may authorize.
(e) tiVhen the Board of Directors I~as determined the
amount of any assessment, the Secretary or
Treasurer shall transmit a statement of such
assessment to each condominium parcel owner. All
assessments shall be made payable to and at the
office of the Association and upon request the
Secretary or Treasurer shall give a receipt for
each payment made.
(f) Assessments are necessarily made upon projections.
and estimates of tl~e Board of Directors, and may be
in excess of or less than the sums .required to
meet the cash requirements of the Condominium, in
which event the Board of Directors may increase or
decrease the amount of an assessment, and make such
adjustments in cash or otherwise, as they shall
deem proper, including the assessment of each
member of his proportionate share of any
deficiency. e~otice of all changes in assessments
l shall be given to all unit owners.
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(y) Assessments shall not include charges for utilities
separately charged and metered to each condorniniurn
unit, nor charges for such alterations, repairs,
r::aintenance, improvements or decorating within the
interior of any unit as are the obligation of the
unit owner and not the obligation of the
Association. The Board of Directors may provide
certain maintena-nce and repairs as would otherwise
be the obligation of the individual unit owners, by
the undertaking of contracts with business
establishments providing repair and mdirrtenance
services, and in such cases the cost or price of
such contractual services may be treated as a
common expense and assessed ayainst the members as
part of their quarterly maintenance. 'Phe specific
co;tracts or undertakings need riot be submitted by
t;. ~ar~.i of Directors to the member~iii~~ for
- ~c:~:;rwal once the membership i~as auproveu the
policy of having a specific type of repair or
~ :.:~:.ntenance uncierta;cen by the Association which
- ~rfo~~ld otiier:~~ise be the individual unit owners'
responsi4ility.
a~»K 32`7 Pb~E 1014
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