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expanses described in Paragraph 2.6 of the
Declaration of Condominium and any ottrer expenses
designated as common expenses by the Board of
Directors.
(b) Funds for the payment of common expenses shall be
assessed and be a lien against the condominium
parcels in the proportion of percentage of sharing
common expenses as provided in the Declaration of
Condominium.
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(c) Regular assessments shall be paid by the members on `
a quarterly basis unless the membership shall
approve a different period for payment.
(d) Special assessments, when required by the Board of
Directors, shall be levied and. paid in the same
manner as regular assessments, unless the
Declaration of Condominium shall otherwise provide.
The Board of .Directors may make special assessments
in emergencies and upon such conditions as the
Board may authorize.
(e) When the Board of Directors has 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 er Treasurer shall give a receipt for
each•payment made.
(f) Assessments are necessarily made upon projections
and estimates of the 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. Notice of all chanyes in-assessments
shall be given to all unit owners.
G (y) Assessments shall not include charges for utilities
separately charged and metered to each condominium
unit, nor charges for such alterations, repairs,
maintenance, improvements or decorating within the
" interior of any unit as are the obligation of the
unit owner and not the obliyation of the
Association. The Board of Directors May provide
certain maintenance and repairs as would otherwise
be the obligation of the individual unit owners, by
the undertaking of contracts with business
establishments providing repair and maintenance
services, and in such cases the cost or price of
~ such contractual services may be treated as a
common expense and assessed against the members as
. part of their quarterly maintenance. Tiie specific
co^tracts or undertakings need not be submitted by
` t::_ i3oarc3 of Directors to the membership for
a~.proval once the membershiF~ aas approved the
~ policy of having a specific type of repair or
l maintenance undertaken by the rlssociativn :,~hich
r :•~ou1~3 oti~erwise be the individual unit owners'
responsibility.
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~ E -1 ~ - ea'rni 332 P~cE 196
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