pf_03123 - Laserfiche WebLink

Home

'0 r Section 7. Control of Association. To control the operation and administration of the Association, including without limitation the power to appoint and remove the members of the Board pursuant to Section 515B.3-103 of the Act, until the earliest of: (i) voluntary surrender of control by Declarant, (ii) an Association meeting which shall be held within 60 days after conveyance to Owners other than a Declarant of seventy- five percent (75%) of the total number of Lots authorized to be included in the Property or (iii) the date five (5) years following the date of the first conveyance of a Lot to an Owner other than a Declarant. Notwithstanding the foregoing, the Owners, other than a Declarant, shall have the right to nominate and elect not less than thirty-three and one-third percent (33 1/3%) of the directors at a meeting of the Owners which shall be held within sixty (60) days following the conveyance by Declarant of fifty (50%) of the total number of Lots authorized to be included in the Property. Section 8. Consent to Certain Amendments. As long as Declarant owns any unsold Lot, Declarant's written consent shall be required for any amendment to the Governing Documents or Rules and Regulations which directly or indirectly affects or may affect Declarant's rights under the Governing Documents. ARTICLE XV RIGHTS TO RELOCATE LOT BOUNDARIES AND ALTER LOTS Section 1. Rights to Relocate Boundaries and Alter Lots. Existing or future Lots may be altered and Lot boundaries may be relocated only in accordance with the following conditions: a. Combining Lots. An Owner may make improvements or alterations to such Lot or, may, after acquiring an adjoining Lot, remove or alter any intervening partition or create apertures therein in accordance with Section 515B.2-114 of the Act and Subsection d of this Article. b. Relocation of Boundaries. The boundaries between adjoining Lots may be relocated in accordance with Section 515B.2-114 of the Act and Subsection d of this Article. c. Subdivision of Conversion. No additional Lots may be created by the subdivision or conversion of a Lot (within the meaning of the Act) into two or more Lots, nor into other Lots, or Common Elements, unless the subdivision or conversion complies with the provisions Section 8, Article X, of this Declaration. d. Requirements. The alteration, relocation of boundaries or other modification of Lots or the Buildings or other structures located therein (collectively referred to herein as "alteration" or "alterations") pursuant to this Section, Article VIII, and the Act may be accomplished only in accordance with the following conditions: (I) No Lot may be altered if, thereafter, the Dwelling located therein, or any other Building affected by the alteration, would no longer be habitable or practicably usable for its intended purpose or would violate any law, 'code or ordinance of any governmental authority having jurisdiction over the Property: 23