Reso 2016-2552 - Laserfiche WebLink

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allow the systems to provide drainage, water storage, conveyance or other surface water or stormwater management capabilities as permitted by the South Florida Water Management District. Any repair or reconstruction of the Surface Water or Stormwater Management System shall be as permitted or, if modified, as approved by the South Florida Water Management District. G. Official Records. The Condominium Association shall maintain its Official Records as required by law. The records shall be open to inspection by Unit Owners or their authorized representatives at reasonable times, and copies shall be available at reasonable cost to the Owner requesting copies. H. Purchase of Units. The Condominium Association has the power to purchase Units in the Condominium and to acquire and hold, lease, mortgage, and convey them, subject to the approval of a majority of the Board of Directors. 8. VOTING RIGHTS: Each Unit Owner shall be a Member of the Condominium Association. Each Unit shall be entitled to vote based on each Unit's Voting Interests, to be cast by its Owner in accordance with the provisions of the By-Laws and Articles of Incorporation of the Condominium Association. Each Unit Owner shall be entitled to the number of Voting Interests as set forth on Exhibit "D" attached hereto and incorporated herein. Membership in the Condominium Association shall automatically terminate upon the termination of ownership of a Condominium Parcel, and the subsequent owners taking title shall automatically become entitled to membership. The vote of a Unit shall not be divisible. 9. ASSESSMENTS A. General Assessment. The Board of Directors shall from time to time, and at least annually, prepare and adopt a budget for the Condominium ("Budget for Common Expenses"), determine the amount payable by the Unit Owners to meet the Common Expenses of the Condominium, and allocate and assess such expenses among the Unit Owners in accordance with the provisions of this Declaration and the By-Laws ("General Assessment"). Incidental income to the Condominium Association, if any, may be used to pay regular or extraordinary Condominium Association expenses and liabilities, to fund reserve accounts, or otherwise as the Board shall determine from time to time, and need not be restricted or accumulated. Any adopted Budget for Common Expenses shall be subject to change by the Board of Directors, and the amount of the General Assessment shall be changed in accordance with such revised Budget for Common Expenses to cover actual expenses at any time. B. Special Assessments. In addition to General Assessments the Board of Directors may levy "Special Assessments", "Capital Improvement Assessments" and "Limited Common Element Assessments" upon the following terms and conditions: (1) "Special Assessments" shall mean or refer to amounts levied against each Owner and such Owner's Unit, representing a portion of the costs incurred by the Condominium Association for specific purposes of a nonrecurring nature which are not in the nature of capital improvements. 15