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Section 4. Speczal Assess�ents for Capitai improv�nents. In addi- �ion to the annual assessments authori�ed by Sect�on 3�ereor, the Assaciat�a� may ievy in any as5�ssmeRt year a 5pe�iai assessment appizcab�e to that year only For ti�e purpose aF d�fraying �� whole or in part the cost of any cpr�- structian or- recons� ructian, u�expect ed re��ir oc replacement, af d d25C�"t��(} capi tal improye�nen� upon the �orr�on Prapertz e5, i ncl i�di ng the necessary f i x- tures and per5onat property re�ated thereto, provided tl�at any asse�sment st�a11 ha�e the assent af twa-�hirds of ttte votes of each Giass of Members who are voting ir� persan or by proxy at a meeting du�y ea�led for this purpose, writter� natice a� whz�h 5ha11 be sent to aiT Mernt�ers at least 30 days i� advance and sha� 1 5et forth trie p�rpt�se' of the meeti ng. Section 5. Change ir� Br75'I5 and Maxi�mnm ofi Annuai Assessment�. Subject to the limitations of Sectzon 3 hereof, and for the periods iharein specifiea, the Associat�an �nay c�ange the max�mum and bas�s of the assessme�ts fixed �y Section 3�er�eof iar any such period, pravided that any change Shall have the as5ent o€ twa-thirds af the vo�e o� each cla5s af Membe�5 who are vating in persan or by proxy at a meeting du]y� eal�ed for tni5 �urpase, written notice of which shall be sent ta aii M�mbers at ]e�st 30 days in advarrce and 5hall set forth the purpose of the meet�r�g, provided furtn�r that the Zimitatians af Section 3 hereo� shail nat apply to any cha�ge in the maxi- mum arid ha5�s of assessmenis undertaicen as an inc7den� �Co a merger or consol3- dat�on in w�ich the ASSOCiatrton is autharized ta particzpate under its Articles af Ir�corporation and ur�der Article Ii, Sectior� 2 hereof. 5ectior+ 6. Q�orum Fo�- any Act9on Authorized under Sectians 4 and 5. �he Quorum requzred for any action authorized by 5ecti�ns 4 and 5 h2r_eaf shall be as fal�aws: A� t�te first meeting called, as pr�vided in S�C�TDRS 4 and 5 her�of, the presente at the meet�ng of-Mem�ers ar of proxies entitle� to cast 6u� of all the vqtes of each ciass af mamberships�tail constitute a qua�um. If. the required quorum is not farthcoming at any �neeting, another mae�ing �ay b� caiiec! subject to the natice requirements set forth in Section5 �4 a�d 5 and the required quorum at su�[� subsequent me�tings sha�l be or�e-ha3f of the re- q�ir-ed �uorum at the preceding meeting, provided that na such su�seq�ent meet- ing snall be held more thar� 3a days fai�aw�ng the preceding meetir�g. Sect�or� l. �7ate af Gormnencement of Anr�ual �AsseesmEr�ts: �ue Dates, �he an��al assessments pravi�e� for heretn shall ca�nence oR the date (whfch st�a� l be tne fi rst day of a month} fi xed by the Boar� of D� ^ectors of the Assaci3tton to be the date af cammenceme�t; provided, however, tha� the annua3 asses$[nent for each Lat owned by the Developers su6seq�aent to the date fixed by the Board of C3irec�ors o� the Asso�iation upon which there is nc� compieted Li�ing Unit snaii com�nence on the first day of the caien�ar r�ar�th subsequent to the date of the ar�nual assessment for each Lot awned by the Develaper sha1T be as provided in Section 3 hereaf. "The f i r�st annuai assessment si�al T be made far the bai ance of the cal encter y�ar and shal l became du� and payab] e rateabiy on the fi rst day �f each mont� ca�n�n�ncing on the day fixed for comr�encement as hereinbefc � p�ov�ded. Tt�e assessments for any year after the fi rst year sha] 1 become �_ .e and payable rateably on the first day of each �nonth af sa�d year. -&- �1/2/91 S lOFL00'd £ t9Z06� LS9(�'��) LS�9l BQOZlSZl64