HomeMy WebLinkAbout1501 Services for the collection of household garbage and waste
initially will be provided by an independent collector who will
contract with the association. The costs for this service shall be a
common expense.
Storm drainage facilities will be installed by the developer
and will be maintained by INDIAN PINES VILLAGE OONDOMINIUM
ASSOCIATION, INC.
_ ARTICLE X (19)
COMMON EXPENSES AND COMMON OWNERSHIP
(See Exhibit "D" of this Prospectus for Schedule of Gammon
Ownership and Share of Common Expenses.)
The two-bedroom units shall each bear .734698 of the common
expense. Each one-bedroom unit shall bear .47959$ of the common
expense (except for Unit 6, Building T, which will bear .48009$ of the
common expense). The ownership of each two-bedroom unit will have an
undivided .73469 interest in the common ~ler.:erts and mammon surplus.
The ownership of each one-bedroom unit shall have an undivided .47959$
in the common elements and coanmon surplus (except for Unit 6, Building
T, which will have an undivided .480098 interest therein
The manner in which the apportionment of common expenses and
ownership was determined is as follows:
Two Bedroom Units
1152 square feet per unit X 110 units = 126,720 square feet
One Bedroom Units
752 square feet per unit X 40 units = 30,080 square feet
Total number of square feet in
all units 156,800 square feet
Computation of Percentage
Each two-bedroom unit 1152 square feet = .734698 per unit
156,800 square feet
Each one-bedroom unit* = 752 s ware feet - .47959$ per unit
56,800 square eet
R_
ecap
.73460$ per unit X 110 units = 80.815908 ~
.47959$ per unit X 39 units = 18.70401$
.480098 per unit X 1 unit = .48009$*
100.00000$
*Adjustment for Unit 6, Building T to total 100
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