2017.04.17 CC Packet - Laserfiche WebLink

Home

6.5 Limited Master Assessments. In addition to annual Master Assessments, special Master Assessments and Neighborhood Assessments, the Master Board may levy and allocate a limited Master Assessment among one or more, but not all, Members or Units in accordance with the following requirements and procedures: 6.5.1 Any Master Common Expense benefiting fewer than all of the Units in a Neighborhood may, at the Master Board's discretion, be assessed against that Neighborhood as provided in Section 6.4 or directly against the Unit or Units benefited equally, by actual cost per Unit or such other reasonable allocation as may be approved by the Master Board or authorized in the Neighborhood Governing Documents of such Neighborhood. 6.5.2 Reasonable attorney's fees and other professional fees and costs incurred by the Master Association in connection with (i) the collection of Master Assessments, and (ii) the enforcement of the Master Governing Documents and the Neighborhood Governing Documents against a Member or an Owner or Occupant or their guests, may be assessed against the Member or the Owner's Unit, as the case may be. 6.5.3 Late charges, fines and interest may be assessed as provided in Section 11.2. 6.5.4 If damage to the Master Common Elements, Neighborhood Property or another Unit is caused by the act or omission of any Owner or Occupant, or their guests, the Master Association may assess the costs of repairing the damage exclusively against the Owner's Unit to the extent not covered by insurance. 6.5.5 The costs of maintenance performed by the Master Association as result of the failure of a Neighborhood Association, Owner or Occupant to perform such party's maintenance obligations as set forth herein or in the relevant Neighborhood Governing Documents may be assessed against the responsible Neighborhood Association, Owner or Occupant in accordance with Section 9.2.5. 6.6 Master Assessment Procedures. The following procedures shall govern the levying of Master Assessments: 6.6.1 In accordance with the Master Bylaws, the Master Board shall annually approve a Master Association budget, and shall allocate and levy annual Master Assessments against the Neighborhood Associations in accordance with the requirement of this Master Declaration. Special Master Assessments may be levied at any time. Neighborhood Assessments and limited Master Assessments may be levied at any time; however, to the extent that a Neighborhood Assessment or limited Master Assessment can be budgeted prior to the start of the Master Association fiscal year, they shall be levied at the same time as the annual Master Assessment. A Master Assessment may be prorated for a partial year. Notice of a Master Assessment shall be given to the Neighborhood Associations in accordance with the Master Bylaws. 6.6.2 The share of each Master Assessment levied against a Neighborhood Association shall promptly be levied and allocated by the Neighborhood Board among 16 2190398.v1