HomeMy WebLinkAbout1495 Parking. Each unit will have one (1) covered parking space
and one (1) uncovered parking space which will be limited common ele-
ments. The expense of maintaining said parking spaces, both covered
and uncovered, shall be part of the common expenses. There will be
guest spaces which will be available for the guests and invitees of
all unit owners. These guest spaces will be common elements. All
parking spaces attributable to each of the several units will be num-
bered and the use of all such spaces shall be limited to the use by
the owner of the particular unit to which it is assigned.
(2) Plot Plan and Survey of the Condominium
The plot plan and survey of the condominium is attached as -
Exhibit "B" of the Declaration of Condominium and to this Prospectus
as Exhibit "B".
(3) Estimated Date of Completion
The estimated latest date of completion of constructing, r
finishing and equipping the condominium is December 31, 1981.
(4)(c) Maximum Number of Units
There will be a maximum of one hundred -fifty (150) units in
the condominium project. The maximum number of units that will use
the -facilities in common is one hundred fifty (150) units.
ARTICLE II (5).
THIS CONDOMINIUM IS CREATED AND WILL BE SOLD AS FEE SIMPLE
INTERESTS AND NOT AS LEASEHOLD INTERESTS. (The form of Agreement for
sale of units is attached hereto as Exhibit "A". )
No time share estates are or may be created with respect to _
any unit in the condominium developement.
ARTICLE III (6)
DESCRIPTION OF RECREATIONAL AND OTHER COMMONLY USED FACILITIES
The following facilities will be used only by the unit owners
of the condominium: i
(a) Clubhouse and Association Office
INDIAN PINES VILLAGE will have one (1) clubhouse of approxi-
mately two thousand (2000) square feet. The-clubhouse will be of
irregular shape but will be approximately forty-five feet by forty-
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