2019-05-22 CC Packet - Laserfiche WebLink

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THEREFORE, Declarant hereby declares that this Declaration shall constitute covenants to run with the Property described herein, and that the Property shall be owned, used, occupied and conveyed subject to the covenants, restrictions, easements, charges and liens set forth herein, which are for the purpose of protecting the value and desirability of and shall run with the Property, and shall be binding upon all persons owning or acquiring any right, title or interest in the Property, and their heirs, personal representatives, successors and assigns, and shall inure to the benefit of each owner thereof. SECTION 1 DEFINITIONS The following words when used in the Governing Documents shall have the following meanings (unless the context indicates otherwise): 1.1 "Additional Property" shall mean and refer to that certain real property legally described on Exhibit B of this Declaration. 1.2 "Assessment" shall mean and refer to any assessment for Common Expenses, determined by the Board, and levied by the Association, pursuant to the Governing Documents. 1.3 "Association" shall mean Bayview Villas Homeowners' Association, a nonprofit corporation which has been created pursuant to Chapter 317A of the laws of the State of Minnesota. 1.4 "Board" shall mean the Board of Directors of the Association as provided for in the Bylaws. 1.5 `Bylaws" shall mean the Bylaws governing the operation of the Association, as amended from time to time. 1.6 "City„ shall mean the City of Centerville, a Minnesota municipal corporation. 1.7 "Common Elements" shall be owned by the Association for the common benefit of the Owners and Occupants. The Common Elements include that real property identified as Common Elements on Exhibit A, attached hereto, and all Improvements located thereon, and are further described in Section 3.1, below. 1.8 "Common Expense" shall mean and include all expenditures made or liabilities incurred by or on behalf of the Association and incident to its operation, including without limitation allocations to reserves and those items specifically identified as Common Expenses in the Declaration or Bylaws. 1.9 "Declarant Control Period" shall mean the period commencing upon the filing of this Declaration and continuing until the earlier of. (i) the date Declarant no longer owns any Unit; (ii) the date Declarant voluntarily turns over control of the 2 Version for Council 05/22/2019