2017.04.17 CC Packet - Laserfiche WebLink

Home

reasonably necessary for the completion of such repair or restoration activities and shall (i) perform such obligations hereunder in a good and workmanlike manner using materials and construction methods that are of a quality and character consistent with original construction thereof, (ii) 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 repair or restoration; (iii) proceed diligently, promptly and in good faith with the required repair or restoration activity; and (iv) employ every reasonable effort to avoid damage to or interference with the property of other parties. 10.7 Notice to Master Developer. Recognizing that the Master Developer is obligated to disclose to prospective purchasers the Master Association's projected budget, it is important that the Master Developer be advised of any budget changes following the termination of the Master Developer Control Period. Accordingly, the Master Association shall give the Master Developer at least thirty (30) days' prior written notice of any change in the Master Association's insurance policies until the Master Developer no longer owns any Unit for initial sale and no longer has the right to add Additional Property to the Property. SECTION 11 COMPLIANCE AND REMEDIES 11.1 Entitlement to Relief. The Master Association has authority to commence legal action to recover sums due, for damages, for injunctive relief, or any combination thereof, or an action for any other relief authorized by the Master Governing Documents or available at law or in equity. Legal relief may be sought by the Master Association against any Member or Owner, or by a Member against the Master Association or another Member or Owner, to enforce compliance with the Master Governing Documents, MCIOA or the decisions of the Master Association. However, no Member or Owner may withhold any Master Assessments, or take or omit other action in violation of the Master Governing Documents, or MCIOA as a measure to enforce such Person's position, or for any other reason. 11.2 Remedies. In addition to any other remedies, express or implied, administrative or legal, the Master Association shall have the right, but not the obligation, to implement any one or more of the following actions against Owners or Members which violate the provisions of the Master Governing Documents, or MCIOA: 11.2.1 Exercise self-help or take action to abate any violation of the Master Governing Documents (including removing personal property that violates the Master Governing Documents). 11.2.2 Commence legal action for damages or equitable relief in any court of competent jurisdiction. 11.2.3 Impose late charges of up to the greater of $100, or 15% of the amount past due, for each past due Master Assessment or installment thereof, and impose interest at the highest rate permitted by law on all such unpaid amounts from the due date. 11.2.4 If any Master Assessment or installment thereof becomes more than thirty (30) days past due, all remaining installments of assessments assessed against the 30 2190398.v1