Agenda - Council - 07/28/1987 - Laserfiche WebLink

Home

- 5 - Owner in the Property may be made only in accordance with the provisions of the Governing Documents. Section 3.2 Voting Rights. The association shall have two classes of voting membership. Class A Members. Class A members shall be all Owners, with %he exception of the Declarant. Class A members shall be entitled to one vote for each Lot of which they are the Owner. When more than one person is an Owner of any Lot, all such persons shall be members, but the Owners of such Lot shall be collectively entitled to only one vote for that Lot. When there is more than one Owner of a Lot, the vote shall be cast by one person designated in writing signed by all Owners of the Lot. Such voting authority shall be valid until revoked in writing by such Owners. Class B Members. The Class B members shall be the Declarant who shall be entitled to three (3) votes for each Lot owned. The Class B membership shall cease and be converted to Class A membership upon the occurrence of the earlier of the following (hereinafter called the "Conversion Date"): (i) When the total votes outstanding in the Class A membership equal the total votes outstanding in the Class B membership, or (2) July 1, 1992. iRT ICLE I¥ GENERAL RESTRICTIONS, OBLIGATIONS, AND RIGHTS OF O~/I~ERS IN THE COI~HON PROPERTY Section 4.1 Owner's Right and Easements of Enjoyment, Etc. Subject to the provisions of Section 4.2, every Owner shall have the following nonexclusive, appurtenant rights and easements of enjoyment over, under and upon the Common Property: a. For ingress or egress to and from public streets. For access and use of utilities such as sewer, water, power and telephone. For parking as located and constructed by the Declarant and as may be reasonably limited and regulated by the Association.