HomeMy WebLinkAbout1109__ occurrence of any of said events, a special meeting for the
purpose of electing interim Directors will be held upoR due and
proper notice being given to all~unit owners in accor~ance with
applicable law and the By-Laws of the Associaton. The interim
election and all subsequent elections shall take place in
accordance with the procedures set forth in the By-Laws as
applicable to regular meetings. An employee or an agent of a
business entity owner, such as Developer, shall be eligible to
serve as a DirecCor of the Association. Developer shall be
entitled to elect at least one member of the Board of ~irectors of
the Association as long as Developer holds at least one (1) of the
nnits in the condominium for sale in the ordinary course of
business.
15. BY-LAWS. The operation of the Condominium shali be
governed by the By-Laws of the Association. No modification of or
amendment to the By-Laws shall be valid unless set forth in or
annexed to a duly recorded amendment to this Declaration in accor-
dance with the formalities set forth herein. No amendment to the
By-Laws shall be adopted which wauld affect or impair the validity
or priority of any mortgage held by an Institutional Martgagee
covering any condominium parcel without the consent of said Insti-
tutional Mortgagee. Defects or omissions in the By-Laws shall not
affect the validity of the Condominium or title to the condominium
parcels.
16. MAINTENANCE, ALTERATIONS AND IMPROVEMENTS.
Responsibility for the maintenance of the condominium property and
restrictions upon alterations and improvements thereof shall be as
follows:
16.1 Common Elements.
~(a) The maintenance and operation of the common
elements shall be the responsibility of the Association and
shall be a comnon expense;
(b) There shall be no material alteration or furtMer
substantial improvement of common elements w~ithout prior
approval, in writing, by record qwners of seventy-five
percent (75$) of all units. The cost of such alteration or
improvement shall be a special assessment and so assessed.
16.2 Units and Limited Common Elements.
(a) The Association shall maintain, repair and replace
as a common expense:
(1) All portions of a unit contributing to the
support ot the building, which portions shall include,
but~not be limited tc the outside walls of the building,
all fixture~ on the exterior thereof, the perimeter
baluster and wa21s abutting each balcony and terrace,
inc2uding the exterior surfaces thereof, boundary walls
of a unit, floors and ceiling slabs, load-bearing
columns and load-bearing walls, but shall not include
screening, windows, exterior doors, glass and interior
surfaces of walls, ceilings and floors;
(2) All conduits, plumbing (but not fixtures),
wiring and other facilities for the furnishing of
utility services which are contained in a unit but which
service all or parts of the building other than the unit
within which contained;
DC -10
64!1K
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