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02/14/12
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02/14/12
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7/18/2025 11:11:37 AM
Creation date
2/10/2012 9:59:06 AM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority
Document Date
02/14/2012
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3.9 [anaement. The Master Board may delegate to a manager or managing agent <br />the management t duties imposed -upon the Master Association's Officers and Directors by the <br />Master Governing Documents. . wever, such delegation shall not relieve the Officers and <br />irectors of the ultimate responsibility for the performance of their duties as prescribed by the <br />Master Governing Documents and by law. Master Declarant and/or an affiliate of the Master <br />Declarant may be employed as the manager of the Master Association and/or the Development <br />Area pursuant to a separate agreement, the terms of which may extend beyond the expiration <br />or surrender of the Master Declarant Control Period. <br />3.10 Master Rules. The Master Board shall have exclusive authority to approve and <br />such reasonable Master Riles as it deems necessary from time totime for the <br />implement <br />pu <br />• ose of exercising and implementing its powers; provided that the Master Rules shall not <br />be inconsistent with the Master Governing Documents, Neighborhood Governing Documents, <br />or M CI . The inclusion in other parts of the Master Governing Documents of authority to <br />approve Master Rules shall be deemed to be in furtherance, and not in limitation, of the <br />authority ri granted by this Section. New or amended Master Rules shall be effective only after <br />reasonable notice thereof has been given to the Members and Owners. <br />.11 A • le oin:.met of Officers and Directors b ester larnt. Notwithstanding <br />. - anything to the contrary in the Master Governing Documents, from and after the date of <br />recording of this Master Declaration, Master Declarant shall have the exclusive right to <br />Officers and Directors of the Master Association for the Master Declarant Control <br />appoint the <br />Period as set forth in Section 12. <br />SECTION 4 <br />OWNERS' PROPERTY RIGHTS <br />4.1 General. Although some of the Memberships Master Association are <br />attached to the Neighborhood hbohood Associations, the rights and obligations created by the Master <br />Documents are primarily intended to benefit the Owners and Occupants of the <br />Governing <br />Units, and their invitees, Except as expressly provided in this Master Declaration, the rights <br />and obligations attributable to a Unit shall pass with the title to the Unit as an appurtenance <br />thereto, whether or not specifically described. <br />4.2 Acquisition of Promrty by <br />Master Association. The Master Association shall <br />power and authorityto acquire and hold title to such interests in real and personal <br />have the <br />property, as it maydeem beneficial to its Members, without subjecting such property to this <br />Master <br />Declaration. Such interests may include fee simple or other ownership interests, liens, <br />leaseholds, easements, licenses, or any other possessory or use interests. <br />4.3 Members' i lets and 10-1111.gations. Subject to the provisions of this Master <br />Declaration, all Members, Owners and Occupants shall have the rights and obligations <br />1 11107 1v 8 071 8/15/05 <br />
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