Capital Improvement Assessment definition

Capital Improvement Assessment means a charge against each Owner and his Lot representing a portion of the cost incurred by the Association for installation or construction of any Improvements on any portion of the Common Area which the Association may from time to time authorize.
Capital Improvement Assessment means a charge against each Owner and each Owner's Lot representing a portion of the cost to the Association for the construction or installation (other than due to partial or total destruction) of any existing or future Capital Improvements.
Capital Improvement Assessment means a charge against each Member and his Lot, Unit or TSU representing a portion of the cost to the Association for the purchase, installation or construction of any capital improvements on any of the Common Areas which the Association may from time to time authorize pursuant to the provisions of this Master Declaration.

Examples of Capital Improvement Assessment in a sentence

While property assessment funded items are provided for as part of the District Wide Capital Improvement Assessment, all other expenses must be funded by charges to the connected users of the water system.

The Association shall not levy or collect any Annual Assessment, Capital Improvement Assessment, Special Assessment or Reconstruction Assessment that exceeds the amount necessary for the purpose for which it is levied.

The Asset Capital Replacement Reserve is funded by Availability Charges.• Items identified in the District Wide Capital Improvement Assessment (propertyassessment) are funded from the reserves established to hold those funds (PARF).

The Capital Improvement Assessment shall be allocated to each Owner as provided in Section 3.5. All amounts collected as Capital Improvement Assessments may only be used for Capital Improvements and shall not be commingled with any other funds of the Association.

The Common Assessment, and any Reconstruction Assessment and Capital Improvement Assessment, must be fixed at a uniform rate for all Lots, except as to undeveloped Lots owned by the Declarant pursuant to Section 5.4 above, and may be collected on a monthly, semi-annual, quarterly or annual basis as determined by the Board of Directors.


More Definitions of Capital Improvement Assessment

Capital Improvement Assessment means a charge against each Owner (as defined in Article IV) and its Parcel (as defined in §1.32) , representing a portion of the costs incurred by the Hotel Owner for construction, installation or replacement of any capital improvement to or for any portion of the Shared Facilities (as defined in §1.38) for which the Hotel Parcel and/or the Condo-Hotel Parcel are responsible as provided in this Declaration, or any repair of such an improvement amounting to a capital expenditure under generally accepted accounting principles, which the Hotel Owner may from time to time undertake pursuant to this Declaration.
Capital Improvement Assessment means those assessments imposed upon the Unit Owner(s) as described in as described in Section 7.11 of this Master Deed.
Capital Improvement Assessment means a charge against each Owner and/or his or her Dwelling Unit, representing a portion of the costs to the Association for installation or construction of any improvements on any portion of the Common Areas, or Landscape
Capital Improvement Assessment means any assessment levied by the Association from time to time pursuant to the provisions of Section 6.5.
Capital Improvement Assessment is defined in the Declaration.
Capital Improvement Assessment means, for Association Members, except Potter Bluff Subassociation Members, a charge against each Member and his Lot, representing a portion of the cost to the Association for installation or construction of any capital improvements on any of the Association Community Facilities and the Potter Creek Community Facilities which the Association may from time to time authorize pursuant to the provisions of this Declaration. “Capital Improvement Assessment” shall mean, for Potter Bluff Subassociation Members, a charge against each Potter Bluff Subassociation Member and his Lot, representing a portion of the cost to the Association for installation or construction of any capital improvements on any of the Association Community Facilities and the Potter Bluff Community Facilities which the Association may from time to time authorize pursuant to the provisions of this Declaration.
Capital Improvement Assessment means and refer to a charge against each Owner and his Condominium representing a portion of the cost to the Association for the installation or construction of any capital improvements on the Common Area or on any Maintenance Area as provided for in this Declaration.