Owners’ Associations. To Sellers’ Knowledge, such Seller has made available to the Buyer true and complete owners’ association documents and all by-laws in connection with the foregoing, relating to such Seller’s Properties, to the extent the same are in such Seller’s possession (collectively, the “Owners’ Association Documents”). Such Seller has not received any written notice that it is in default of any monetary or other payment amounts owed by such Seller with respect to any Owners’ Associations, and to such Sellers’ Knowledge, it is not in default thereunder. Other than as provided in the Owners’ Association Documents or as provided in this Agreement, such Seller has no other obligations relating to the Owners’ Associations.
Owners’ Associations. Pursuant to the Master Declaration, Seller has formed the North Mt. Crested Butte Property Owners Association as a Colorado nonprofit corporation to administer and enforce the Master Declaration (the “Master Association”). Pursuant to the Prospect Declaration, Seller has formed the Prospect at Mt. Crested Butte Property Owners Association as a Colorado nonprofit corporation to administer and enforce the Prospect Declaration (the “Prospect Association”). For so long as Purchaser owns the Lot, Purchaser will automatically be a member of the Master Association and the Prospect Association. As a member of the Master Association and the Prospect Association, Purchaser will be subject to the Master Declaration, the Prospect Declaration, as well as the articles of incorporation, bylaws and rules and regulations of the Master Association and the Prospect Association. PURSUANT TO C.R.S. Sec. 38-35.7-102(1), THE PROPERTY IS LOCATED WITHIN ONE OR MORE COMMON INTEREST COMMUNITIES AND IS SUBJECT TO THE DECLARATION(S) FOR SUCH COMMUNITY. THE OWNER OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER'S ASSOCIATION(S) FOR THE COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE ASSOCIATION(S). THE DECLARATIONS, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS OF THE ASSOCIATION(S). IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE ASSOCIATION(S) COULD PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE DECLARATIONS, BYLAWS, AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE OWNER FROM MAKING CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE ASSOCIATIONS (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATIONS. PURCHASERS OF PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATIONS. PURCHASERS SHOULD CAREFULLY READ THE DECLARATIONS FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF THE ASSOCIATIONS.
Owners’ Associations. The Borrower shall, and shall cause each of its Subsidiaries to, cause each Purchaser to automatically be a member of each Project's owners association or associations, if any, and shall be entitled to vote on the affairs thereof (subject, however, to any preferential voting rights in favor of the Borrower or any of its Subsidiaries as permitted under applicable time- share Laws). Each such owners association shall have the authority to fix and levy pro rata upon each Purchaser annual assessments to cover the costs of maintaining and operating such Project (including, without limitation, taxes and assessments not levied by the appropriate taxing authority directly against owners of Time-Share Interests) and to establish a reasonable reserve for improvements, the replacement of property and furnishings, and contingencies. If the Borrower or any of its Subsidiaries controls an owners association, the Borrower or any of its Subsidiaries will while it controls such association: (i) cause such owners association to discharge timely and completely its obligations under such Project's governing documents and maintain the reserve described above and (ii) to the extent requested to do so by the Administrative Lender, pay or loan to such owners association, not less often than is necessary to provide sufficient funding for such owners association in order to maintain, preserve and maximize the ownership, quality, safety, marketability, value and appearance of the applicable Project, the difference between (A) the cumulative total amount of the maintenance and operating expenses incurred by such association, together with the amount of any installment of real property taxes currently due and payable with respect to such Project not directly levied against owners of Time-Share Interests, through the end of the calendar month preceding the month in which such payment or loan is made and (B) the cumulative total amount of assessments (less amounts thereof allocated to reserve expenses) payable to the association by Time-Share Interest owners other than the Borrower or its Subsidiaries, as appropriate, through the end of the calendar month preceding the month in which such payment or loan is made.
Owners’ Associations. It is to the benefit of all that owners form an “Owners’ Association”, and we actively encourage owners to do so, and will be happy to promote the formation of Associations within developments which we manage. Associations improve communication and allow owners regular direct contact with the Property Manager on a structured basis. The spirit of co-operation and involvement created among owners and the Property Manager benefits all.
Owners’ Associations. 11.1 The Master POA will be established for the Development, as envisaged in Section 29 of the Drakenstein Municipality Land Use Planning By-Law of 2015, as promulgated in the Provincial Gazette.
Owners’ Associations. This Section is applicable if the Property is located within a Common Interest Community and subject to such declaration.
Owners’ Associations. 11 4 PROVINCIAL GAZETTE / PROVINSIALE KOERANT, 11 SEPTEMBER 2015 / 11 SEPTEMBER 2015 __________________________________________________________________________________________________________ ---------------------------------------------------------------------------------------------------------------------------------------------------
Owners’ Associations. (1) The Municipality may, when approving an application for a subdivision of land, impose conditions relating to the compulsory establishment of an owners’ association by the applicant for an area determined in the conditions.
Owners’ Associations. The Owner, a homeowner’s association, and/or a property owner’s association created by the Owner, not the Town, shall be responsible for maintaining any and all community parks, open space areas, roads, sidewalks, streetlights, signs, stormwater management structures, entrance features, boundary walls and/or fences, access tracts and landscaped tracts within the Project. This paragraph shall survive the termination of this Agreement. The Owner envisions developing a portion of the Project as a gated community. The Town shall maintain waterlines and the wastewater provider shall maintain the sewer lines which serve the property within the Project. For any portion of the Project that is not developed as a gated community and for which the streets are dedicated to the Town, then the Town shall maintain the roads, sidewalks and signs. Commented [A11]: Insert the date and proper citation for the mre current traffic study.
Owners’ Associations. The Master Developer shall establish two principal associations for the TALUSEast Village Project as nonprofit corporations: an TALUSEast Village Homeowners’ Association, and an TALUSEast Village Commercial Owners’ Association. Every owner of a dwelling unit in the TALUSEast Village Project shall be a member of the TALUSEast Village Homeowners’ Association, and every owner of commercial or retail property in the TALUSEast Village Project shall be a member of the TALUSEast Village Commercial Owners’ Association. The Declaration filed by the Master Developer at the time of first final Master Plat approval shall include appropriate provisions for these associations, including but not limited to provisions for their funding of the Architectural Review Committee after the initial development period established by the Declaration. In order that the Designated Official may communicate efficiently with each association, each association shall, from time to time, designate a single contact person who is a member of its association. Each association shall promptly notify the Designated Official of the name, address, and telephone number of its contact person after he or she is designated.
