HomeMy WebLinkAbout1497 The developer. has reserved the right to construct up to two
(2) shuffleboard courts which will be located in the vicinity of the
pool and the clubhouse. THEREFORE, RECREATIONAL FACILITIES MAY BE
EXPANDED OR ADDED WITHOUT THE UONSENT OF THE UNIT OWNERS OR THE
ASSOCIATION.
If these courts are installed by the developer, the expense
of maintaining them shall be minimal. '
(d) General Description of Items of Personal Property
The developer will expend a minimum of Five Thousand Dollars
($5, 000.00 ) to supply equipment necessary to service the. swimming pool
and to purchase furnishings for the clubhouse and to purchase kitchen
equipment and utensils for the kitchen.
(e) Estimated Time of Completion of Recreational
and Additional Facilities
It is estimated that the recreational facilities described
above will be completed and available for use by the unit owners by
December 31, 1981.
(f) Identification of Facilities Not Owned by Unit
Owners or the Association
.There will be no room or other facility to be used by unit
owners that will not be owned by the unit owners or the association.
II ARTICLE IV (10)
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THE UNITS MAY BE TRANSFERRED SUBJECT TO A LEASE. -
While the developer intends to sell all units in fee simple,.
the developer reserves the right to lease any unsold unit or units
until the same are sold. Therefore, any such unsold or lease units
may be transferred subject to a lease. Any unsold units so leased by
the developer shall be for a minimum period of ninety (90) days to a
maximum period of one (1) year.
ARTICLE V (11)
ARRANGEMENT FOR MANAGEMENT AND OPERATION OF CONDOMINIUM PROPERTY
" THERE IS TO~BE A CONTRACT FOR THE MANAGEMENT OF THE - '
CONDOMINIUM PROPERTY WITH HILL TOP DEVELOPERS, INC..
The management agreement is summarized herein but reference
should be made to Exhibit "G" of this Prospectus for its full content.
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