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PC Packet 03.23.17
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PC Packet 03.23.17
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Last modified
11/18/2025 3:03:18 PM
Creation date
12/10/2018 8:30:07 AM
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Commissions
Meeting Date
3/23/2017
Document Type
Agenda/Packets
Commission Name
Planning
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5.14.5 Notwithstanding the foregoing, the Master Developer, any other owner of <br /> an Excluded Parcel, or any owners' association governing the Excluded Parcel, as <br /> applicable, shall be responsible to pay its fair share of the maintenance, repair and <br /> replacement of any improvements to the Property which are utilized by or for the benefit <br /> of such part of the Excluded Property, and all costs associated with changes or damage to <br /> the Property caused by the installation, use or maintenance of the services or facilities by <br /> the Master Developer or its successors or assigns. <br /> SECTION 6 <br /> ASSESSMENTS AND FEES FOR MASTER COMMON EXPENSES <br /> 6.1 General. The Master Association has authority to levy Master Assessments <br /> against the Members. A budget shall be established and Master Assessments for Master <br /> Common Expenses shall be determined and levied against the Members by the Master Board, in <br /> its discretion, subject to the requirements and procedures set forth in this Section 6, and the <br /> requirements of the Master Bylaws. Master Assessments shall include annual Master <br /> Assessments under Section 6.2, and may include special Master Assessments under Section 6.3, <br /> Neighborhood Assessments under Section 6.4, and limited Master Assessments under <br /> Section 6.5. Subject to Section 6.7, annual Master Assessments and special Master Assessments <br /> shall be allocated among the Members in accordance with Section 3.6. Neighborhood <br /> Assessments and limited Master Assessments shall be allocated among the Members or Units as <br /> provided in Sections 6.4 and 6.5. <br /> 6.2 Annual Master Assessments. Annual Master Assessments shall be established <br /> and levied annually by the Master Board. Each annual Master Assessment shall cover all of the <br /> anticipated Master Common Expenses of the Master Association for that year which are to be <br /> allocated among the Members in accordance with Section 3.6. Annual Master Assessments shall <br /> be payable in monthly, quarterly, semi-annual or annual installments, as determined by the <br /> Master Board. Annual Master Assessments shall provide, among other things, for an adequate <br /> reserve fund for the maintenance, repair and replacement of those parts of the Property, and <br /> improvements located outside of the Property for which the Master Association is responsible, <br /> Neighborhood Assessments or limited Master Assessments pursuant to Sections 6.4 and 6.5. <br /> 6.3 Special Master Assessments. In addition to annual Master Assessments, the <br /> Master Board may levy a special Master Assessment against the Members at any time for the <br /> purposes described in this Master Declaration. Special Master Assessments shall be allocated <br /> among the Members in accordance with Section 3.6. Among other things, special Master <br /> Assessments shall be used for the purpose of defraying in whole or in part the cost of any <br /> unforeseen and unbudgeted Master Common Expense. <br /> 6.4 Neighborhood Assessments. In addition to annual Master Assessments and <br /> special Master Assessments, the Master Board may levy and allocate any Master Common <br /> Expense benefiting fewer than all of the Neighborhoods among only the Neighborhood <br /> Association or Neighborhood Associations benefited and/or the Neighborhood Association or <br /> Neighborhood Associations whose members are benefited. All Neighborhood Assessments shall <br /> be levied against the Units in the Neighborhood Association or Neighborhood Associations <br /> benefited by the Neighborhood Board of each such Neighborhood in accordance with its <br /> Neighborhood Governing Documents. <br /> 15 <br /> 219o398.v1 <br />
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