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Agenda - Council - 07/28/1987
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Agenda - Council - 07/28/1987
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/28/1987
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- 17 - <br /> <br /> thirds (2/3) of the votes of each class of members who are voting <br /> in person or by proxy at a meeting duly called for this purpose. <br /> <br /> Section 6.5 Notice and Quorum for any Action Authorized Under <br />Sections 6.3 and 6.4. Written notice of any meeting called for <br />the purpose of taking any action authorized under Section 3,.or 4 <br />shall be sent to all'members not less than 30 days nor more than <br />60 days in advance of the meeting. At the first such meeting <br />called, the presence of members or of proxies entitled to cast <br />sixty percent (60%) of all the votes of each class of membership <br />shall constitute a quorum. If the required quorum is not <br />present, another meeting may be called subject to the same notice <br />requirement, and the required quorum at the subsequent meeting <br />shall be one-half (1/2) of the .required quorum at the preceding <br />meeting. No such subsequent meeting shall be held more than 60 <br />days following the preceding meeting. <br /> <br /> Section 6.6 Uniform Rate of Assessment. Both annual and <br />special assessments shall be fixed at a uniform rate for all Lots <br />and may be collected on a monthly basis; provided, however, that <br />a Lot owned by Declarant shall be assessed at one-fourth the rate <br />assessed against Lots owned by others until the earlier of (i) <br />the issuance of an occupancy permit for the House located on such <br />Lot by the appropriate municipality, (ii) the use of the House <br />located on such Lot by Declarant as a model or as a residence or <br />(iii) the inspection and approval for occupancy for the House on <br />such Lot by the FHA or VA. <br /> <br /> Section 6.7 Date of Commencement of Annual Assessments; Due <br /> <br />Dates. The annual assessments provided for herein shall commence <br /> <br /> <br />
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