Reso 2016-2552 - Laserfiche WebLink

Home Browse Search

Condominium. 8. The Association shall operate, maintain and manage the surface water or stormwater management system(s) in a manner consistent with permit requirements and the applicable water management district rules, and shall assist in the enforcement of the Declaration of Condominium which relate to the surface water or stormwater management system. 9. The Association shall levy and collect adequate assessments against Members of the Association for the costs of maintenance and operation of the surface water or stormwater management system. ARTICLE IV MEMBERS The qualification of the Members, the manner of their admission to membership and termination of such membership, and voting by Members shall be as follows: A. The Owners of all Condominium Units in the Condominium shall be Members of the Association. B. Membership shall be established by the acquisition of fee title to a Unit in the Condominium or by acquisition of a fee ownership interest therein, whether by conveyance, devise, judicial decree or otherwise, and the membership of a party shall be automatically terminated upon his being divested of all title to or his entire fee ownership interest in all Units in the Condominium. C. The interest of a Member in the funds and assets of the Association cannot be assigned, hypothecated or transferred in any manner, except as an appurtenance to his Condominium Unit. The funds and assets of the Association shall belong solely to the Association, subject to the limitation that the same be expended, held or used for the benefit of the membership and for the purposes authorized herein, in the Declaration of Condominium, and in the said By-Laws. D. On all matters on which the membership shall be entitled to vote and each Member shall have the Voting Interests set forth on Exhibit "D" to the Declaration and defined therein. The vote shall be exercised or cast by the Owner or Owners of each Unit in such manner as may be provided in the By-Laws hereafter adopted. Should any Member own more than one (1) Unit, such Member shall be entitled to exercise or cast as many votes as he owns Units, in the manner provided in said By-Laws. -Laws.Y E. Until such time as the property described in Article II hereof is submitted to a plan of condominium ownership by the recordation of said Declaration of Condominium, the membership of the Association shall be comprised of the subscribers of these Articles, each of which subscribers shall be entitled to cast one (1) vote on all matters on which that membership shall be entitled to vote. 3