HomeMy WebLinkAbout1737 (viii) Insurance
(ix) Utilities
(x) Professional .fees
(xi) :^.ateri3ls and suf.plies .
Conies of t~^.e procosed 3udget and notice o= the exact time
and place of the 3udget :~eeting shall be mailed to each
Member at the Me.~er's address as it appears in the P_ddress
Register not less tlan thizty (30) days prior to said 9udget
Meeting, and the 3udget Keeting shall be open to the Kembership.
(b) Subject to the requirements of
the Declaration of Condominium, the Board may also include
in any such proposed Budget a sum of money as an Assessment
for the making of improvements, additions or alterations to
the Condominium Property either annually or from time to
time as the Board of Directors shall deteratine the same to -
be necessary. -
(c) The depository of the ConCOmiaiura
Association shall be such bank or banks as shall be designated
from time to time by the Board. Withdrawal of monies from
such account shall be only by checks signed by such persons
as are authorized by the Board.
(d) An audit of the accounts of the -
Condominiu~n association shall be made annually by an auditor,
accountant, or Certified Public Accountant designated by the
Board and a copy of a report of such audit shall be furnished
to each Member not later than one hundred (100) days following
the year for which the report is made. The report shall b_e
deemed to be furnished to the Member upon its delivery or
mailing to the Ke.~nber at his last known adcress shown or. tze
Address Register.
7.3 Until the provisions of Section 718.1i2(2)(f)
i of the Condomini~ act are declared i:valid by the Courts, -
or until amended by tae Legislature, the following shall be
~ applicable: - .
~ (a) Should the Budget adopted by t:~e
3oard at t:~e 3udge*_ "ieetiag reeuire ~,ssesstnents agai::st t:~e
~ Membership o: an z.^:our.= less taar. 115 oz such assess:aerts
for tae pric= ~%e_= , t:.e 3ucget s:~ali be ces:~ed approved by t
all Me.*nbers . Zf , however, tae Assessments =e~uirec to :.^.eet
the 3udget exceed Il~~ of such Assessments for the preced_ag
year (an "~xcess 3ssess:,~ert") , t:~en the provisions of sub-
sec _ia^.s 3~3 (5) , (c) a::d- td) hereo= shall _be _a =piicabie .
'^aeze shat' ce e:ccl::ced -he cc~:pcta =:o~ o= -e 3:ccess
~ssess:-e-= t~~ =c?' cw_^c ev^e^ses (t:.e. "=xc'_..._d C;cre-szs; .
~235vI:3?° ~e5e='i~5 '°a:.°~.
5¢
i
3
5
3
w 7 _
~~`~327 PA~E~.736
-