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PC Packet 03.23.17
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PC Packet 03.23.17
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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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6.5 Limited Master Assessments. In addition to annual Master Assessments, special <br /> Master Assessments and Neighborhood Assessments, the Master Board may levy and allocate a <br /> limited Master Assessment among one or more, but not all, Members or Units in accordance <br /> with the following requirements and procedures: <br /> 6.5.1 Any Master Common Expense benefiting fewer than all of the Units in a <br /> Neighborhood may, at the Master Board's discretion, be assessed against that <br /> Neighborhood as provided in Section 6.4 or directly against the Unit or Units benefited <br /> equally, by actual cost per Unit or such other reasonable allocation as may be approved <br /> by the Master Board or authorized in the Neighborhood Governing Documents of such <br /> Neighborhood. <br /> 6.5.2 Reasonable attorney's fees and other professional fees and costs incurred <br /> by the Master Association in connection with (i) the collection of Master Assessments, <br /> and (ii)the enforcement of the Master Governing Documents and the Neighborhood <br /> Governing Documents against a Member or an Owner or Occupant or their guests, may <br /> be assessed against the Member or the Owner's Unit, as the case may be. <br /> 6.5.3 Late charges, fines and interest may be assessed as provided in <br /> Section 11.2. <br /> 6.5.4 If damage to the Master Common Elements, Neighborhood Property or <br /> another Unit is caused by the act or omission of any Owner or Occupant, or their guests, <br /> the Master Association may assess the costs of repairing the damage exclusively against <br /> the Owner's Unit to the extent not covered by insurance. <br /> 6.5.5 The costs of maintenance performed by the Master Association as result of <br /> the failure of a Neighborhood Association, Owner or Occupant to perform such party's <br /> maintenance obligations as set forth herein or in the relevant Neighborhood Governing <br /> Documents may be assessed against the responsible Neighborhood Association, Owner <br /> or Occupant in accordance with Section 9.2.5. <br /> 6.6 Master Assessment Procedures. The following procedures shall govern the <br /> levying of Master Assessments: <br /> 6.6.1 In accordance with the Master Bylaws, the Master Board shall annually <br /> approve a Master Association budget, and shall allocate and levy annual Master <br /> Assessments against the Neighborhood Associations in accordance with the requirement <br /> of this Master Declaration. Special Master Assessments may be levied at any time. <br /> Neighborhood Assessments and limited Master Assessments may be levied at any time; <br /> however, to the extent that a Neighborhood Assessment or limited Master Assessment <br /> can be budgeted prior to the start of the Master Association fiscal year, they shall be <br /> levied at the same time as the annual Master Assessment. A Master Assessment may be <br /> prorated for a partial year. Notice of a Master Assessment shall be given to the <br /> Neighborhood Associations in accordance with the Master Bylaws. <br /> 6.6.2 The share of each Master Assessment levied against a Neighborhood <br /> Association shall promptly be levied and allocated by the Neighborhood Board among <br /> 16 <br /> 219o398.v1 <br />
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