2017.04.17 CC Packet - Laserfiche WebLink

Home

9.2.4 The Neighborhood Associations and the Owners shall perform their respective obligations hereunder in a good and workmanlike manner using materials and construction methods that are of a quality and character consistent with or better than the original construction thereof, (ii) maintain their respective properties in first-class condition performing all reasonably necessary cleaning, maintenance and related services as shall be necessary to maintain such condition; (iii) comply with all laws, ordinances, regulations and requirements now or hereafter enacted or promulgated by the City or any other governmental body having jurisdiction over the Property; (iv) proceed diligently and promptly with the required maintenance, repair or replacement activity; and (v) employ every reasonable effort to avoid damage to or interference with the properties of the other parties. 9.2.5 If any Neighborhood Association, Owner or Occupant fails, in the judgment of the Master Board, to perform maintenance required to be performed by the Person, the Master Association may give written notice to the responsible Person identifying the maintenance and demanding that the maintenance be performed within thirty (30) days after said written notice or such longer period of time reasonably necessary to perform such maintenance. If the responsible Neighborhood Association, Owner or Occupant fails to provide the identified maintenance within the period stated in the written notice, the Master Association may, in its discretion, undertake such maintenance and assess the Neighborhood Association, if the maintenance was the responsibility of the Neighborhood Association, or the Owner's Unit if the maintenance was the responsibility of the Owner or Occupant, for the cost thereof. If the cost is assessed against the Owner's Unit, such cost shall be a personal obligation the Owner and a lien against the Owner's Unit. SECTION 10 INSURANCE AND RECONSTRUCTION The Master Association shall obtain and maintain the following insurance relating to the Property: 10.1 Property Insurance. Property insurance in broad form, covering all risks of physical loss, for the full insurable replacement value of any insurable improvements located on the Master Common Elements. The property insurance policy shall provide such other coverages, limits and deductibles as the Master Board deems reasonable, subject to any greater requirements imposed by MCIOA. 10.2 General Liability Insurance. Public liability insurance covering the Master Common Elements, and the activities of the Master Association and its officers, directors, volunteers or employees in connection with the performance of their duties. The public liability insurance policy shall provide such coverage, limits and deductibles as the Master Board deems reasonable, subject to any greater requirements imposed by MCIOA. 10.3 Other Insurance. Such other types and amounts of insurance as may be determined by the Master Board to be necessary or desirable, including without limitation, property insurance, officers and directors' liability insurance, and insurance or fidelity bonds 28 2190398.v1