2017.04.17 CC Packet - Laserfiche WebLink

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SECTION 13 RIGHTS TO ADD PROPERTY, CREATE, COMBINE AND SUBDIVIDE 13.1 Master Developer's Riahts to Add Additional Property. The Master Developer hereby expressly reserves the exclusive right to add Additional Property to the Property, by unilateral action, subject to the following conditions: 13.1.1 The right of the Master Developer to add Additional Property to the Property shall terminate twenty (20) years after the date of recording of this Master Declaration or such longer period authorized by MCIOA or any future amendment thereto, or upon earlier express written withdrawal of such right by the Master Developer or a successor Master Developer; provided, that said rights may be extended by a vote of the Members. 13.1.2 The Additional Property may be added to the Property in parcels of any size and configuration determined by the Master Developer, subject to any governmental requirements. The Master Developer shall have the right and authority to unilaterally execute and record an amendment to this Master Declaration for the purpose of adding the Additional Property. 13.1.3 The Master Developer has no obligation to add the Additional Property to the Property, and may develop it for any purpose consistent with the applicable governmental requirements. There are no assurances as to the times at which any part of the Additional Property will be added to the Property, the order in which it will be added, the number of parcels per phase nor the size of the parcels. 13.2 Master Developer Rights to Create and Change Neighborhoods and Units. The Master Developer shall have the right to (i) combine, subdivide or relocate the boundaries between, Units owned by it; (ii) combine or subdivide Neighborhoods; or (iii) replat outlots subject to this Master Declaration and create new Master Common Elements or Units, or other Neighborhood Property therefrom, as provided in this Section, subject to the following requirements: 13.2.1 The Master Developer must own the Unit, Neighborhood Property or the part thereof being combined, subdivided, relocated or replatted. If said property is owned by another Person, then the approval of the other Person shall be required. 13.2.2 The creation, combination or subdivision of a Neighborhood or of a Unit shall comply with all governmental laws, codes and regulations applicable to the transaction. 13.2.3 The Master Developer shall have the authority to unilaterally execute and record an amendment to this Master Declaration, as needed, for the purpose of exercising its rights hereunder. 13.2.4 The Neighborhood Governing Documents of any affected Neighborhoods shall be amended, if necessary to reflect the changes, and the Neighborhood Association, 34 2190398.v1