HomeMy WebLinkAbout0134 Association is attached hereto as Exhibit "D" and incorporated
by reference herein.
2.3 Board of Directors means the representative body
responsible for the management of the Condominium and business of
the Association.
2.4 By-Laws means the ey-Laws of the Association, as
they exist from time to time. A copy of the By-Laws is attached
hereto as Exhibit "E" and incorporated herein by reference.
2.5 Common Elements means the portions of the
condominium property (inclu ing the tangible personal property
required for the maintenance and operation of the condominium
property) not included in the units.
2.6 Common Ex enses means all expenses and assess-
ments properly incurred y the Association for the Condominium and
includes, but is not limited to: the expenses of administration
and maintenance, operation, repair and replacement of the common
elements and of the portions of units to be maintained by the
Association; taxes, special assessments and insurance for the
common elements; other expenses declared to be common elements
herein and in the By-Laws; and any other valid charge against the
Condominium as a whole.
2.7 Common Property means the real property in St.
Lucie County, Florida more particularly described in Exhibit "A"
to the Declaration of Covenants and Restrictions for Tarpon Bay.
Yacht Club, as recorded at Offici,:l Record Berk 32? , Page 924,
Public Records of St. -Lucie County, Florida.
2.8 Common Surplus means the excess of all receipts
of the Association, including but not limited to, assessments,
rents, profits and revenues on account of the common elements,
over the amount of common expenses.
2.9 Condominium means all of the condominium
property as a whole when the context so permits, as well
as that form of ownership of real property which is comprised of
units that may be owned by one or more persons, and in which there
t is appurtenant to each unit an undivided share in the common
` elements.
i
2.10 Condominium Act means Chapter 718, Florida
Statutes, in existence as of the date of this Declaration.
2.11 Condominium Parcel means a unit, together with
the undivided share in the common elements which is appurtenant to
the unit.
2.12 Condominium Property means and includes the
~ lands, leaseholds, and personal property that are subject to
condominium ownership, whether or not contiguous, all improvements
thereon, and ail easements and rights appurtenant thereto intende~3
for use in connection with the Condominium.
2.13 Declaration or Declaration of Condominium means
this instrument as it may-from time to time be amended.
3 2.14 Developer means S.C.S. TARPON BAY, INC. and
~ HASCO TARPON BAY, INC., both Florida corporations, a joint venture
D/B/A TARPON BAY, its successors and assigns, and whoever offers
for sale condominium parcels created herein in the ordinary course
DC-2
,x332 Pact 134
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