Examples of Special Charge in a sentence
All Owners shall be assessed a Special Charge (for a Partial Destruction Not Affecting Cottages, a Partial Taking Not Affecting Cottages, a Total Destruction of Cottages and a Complete Taking of Cottages).
In exercising their discretion, the Board can assess a Special Charge against such Owners in such amount as the Board determines equitable which may be less than but not more than the Special Charge assessed to Owners whose Cottages were affected by a Partial Taking of Cottages or a Partial Destruction of Cottages.
If after Restoration is completed and there remain any Restoration Funds after all costs of Restoration are paid, the excess shall be applied as the Board shall determine for the benefit of the Owners who were assessed a Special Charge.
If the Association undertakes the Restoration and the Restoration Funds are, or appear to the Board to be, insufficient to pay all of the costs of Restoration, the Board shall assess a Special Charge to make up any deficiency.
Once a Supplemental Budget is established, the Property Manager will assess each Owner a Special Charge.