HomeMy WebLinkAbout0922 , ~ !
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as the Developer has sold ninety-nine (99) percent of the lots ~
within the subdivision the Board of Directors shall be elected by
the membership of the Association from amonq the owners of lots
in The Reserve Plantation; provided however, that so long as
Developer is the owner of any lot in The Reserve Plantation,
DeveZoper sha21 be entitled to representation on the Board of
Directors of Association.
Section 3. Committee or Architectural Gammittee (ARC): As
hereinafter referred to. shall mean a committee consisting of a
minimum of three persons who shall be designated and appointed by
Developer; should a vacancy o_cCUr in the committee~ fihe
Developer, its successors o~ assiqns. sha21 have the sole right
to appoint a replacement member of the committee; from and after
formation of Association and recordation of articles of
incorporation in the public recotds, all functions of committee
provided herein shall vest in Association at such time as the
Developer telinquishes control.
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III. PROPERTY RIGHTS ~
Section 1. Title to Common Area: The only common area in ~
the property herein shall be the streets, roads and the
easements. Developer may retain the legal title to the stteets,
roads and easements so long as it owns at least one Lot in The
Reserve Plantation. On or before conveyancQ by Developer of the
last Lot which it owns in The Reserve Flantation, Developer shall
convey the streets, roads and easements to the The Reserve
Plantation Association, Inc., subject only to any restrictions,
conditions, limitations, reservations, and easemQnts of record.
Section 2. Owner's Easements of Enjoyment: Evexy Owner
shall have ~ right and easement of enjoyment i'n and to the common
j area which shall be appurtenant to and shall pass with the title
~ to-every Lot, subject to the followinq:
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t A. Rules and requlations governinq use and enjoyment of the
; com mon areas adopted by the Association; and subject to the
; unlimited and unrestrfcted nse of said streets and roads by the ~
Developer and his successors and/or assiqns; ;
; H. Restrictions contained on any and all plats of all or ~
~ any part of the streets, roads and easement fot accesa to the ~
clubhouse filed separately with respect to all or any part or ~
p~rts of the Property;
C. It is contem plated that adjacent lands will be deve2oped ~
and subject to these restrictions. tVothing contafned herein ~
shall limit or restrict the Developer's use of the streets and ~
' roadways on this property, and further, the Developer i
; specifically reserves unto its successors and/or assigns the same '
i absolute unrestricted use of said streets and roads.
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~ 7-16-85 Res Plt
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