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Section 3. Members A roval of Annual Assessm~nts: Assessments
set by the Board mu~t be approved by a s mple ma~ority of inembers or
the Association present at the meeting c~lled to ~pprove such
assessments. Provided, however, that such membership approva~ shall
not be required so long as the Developer is entitled to-appoint one ~r
more members of the Board of Directors.
Section 4. Unifarm Rate of Assessment: All regular and special
assessments shall be at_a uniform rate for each Lot in Bay Lucie
' Subdivision.
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~ Section 5, S~~cial Assessmen~s_for Ca~ital Improvements and
~ Ma~or Repairs: In addifi~ on-to any annua2 assessments, the Board may
levy ~n any assessment year a special assessment, applicable to that
year only, far the purpose of defzaying, in whole or in part, the cost
of any construc~ion, reeonstruction, .unexpected repair or replacement
of a capital improvement as approved by the Board of Directors of the
Association, including the necessary fixtures and personal property
related ther~to, providecl that any such assessment shall have the
assent of two-thirds (2/3) of the members who aze veting in person or
by written proxy at a meeting duly called for this purpose, writt~n
notice of which shall be sent to all members at Zeast thirty ('s0) day~
in advance and shall set forth the purpose of the meeting, Provided,
however, that such approval shall not be required so long as the
Developer is entitled to appoint one or more directorships of the
Boaxd of Directors.
Section 6. Date of Gommencement of Anmual Assessments; Dve
Date: The assessments for which provision s herein made shaZl
commence on the date or da~es twhich shall be the first day of a
month) fixed by the Board of Directors of the Association to be the
date of commencement. The due date of any assessment shall be payable
in advance in monthly, quarterly, semi-annual or ~nnual installments,
as determined by the Board.
Section 7. Duties of the Board ot Directors: The Board of
Directors of the Assoc~ation s all £ix t e date ot commencement and
the amount of the assessment against each Lot for each assessment
period a~ least thirty (30) days in advance of such date or period and
shall, at that time, prepare a roster of the Lots anc3 assessments
applicable thereto which shall be kept in the office of the
Association and shall be open to inspection by the members of the
Association. Wri~ten notice of the assessment shall be s~nt to evexy
Owner subject thereto not later than seven (7) days after fixing the
date of commencement thereof.
The Association shall, upon demand- at any time, furnish to any
Owner Iiable for said assessment a certificate in writing signed by an
offic~r of the Association, setting forth whether said assessment has
been paid. Such certificate shall be conclusive evidence of payment
of any assessment therein stated to have been paid. ~
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