Reso 2016-2552 - Laserfiche WebLink

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practices. All accounting records shall be maintained for a period of not less than 7 years. (12) If applicable, ballots, sign-in-sheets, voting proxies, and all other papers relating to elections, which shall be maintained for a period of 1 year from the date of the meeting to which the document relates. (13) All rental records, when the Association is acting as agent for the rental of Units. (14) All other records of the Association not specifically included in the foregoing which are related to the operation of the Association. B. The official records of the Association shall be maintained within the State of Florida. The records of the Association shall be made available to any Owner within 5 working days after receipt of written request by the Board or its Designee. C. The official records of the Association are open to inspection by any Member or the authorized representative of such Member at all reasonable times. The right to inspect the records includes the right to make or obtain copies, at the reasonable expense, if any, of the Member. The Association may adopt reasonable rules regarding the frequency, time, location, notice, and manner of record inspections and copying. Notwithstanding anything to the contrary contained herein, the obligation to provide the official records and the rights to review shall be governed by the Condominium Act as may be amended from time to time. 10. COMMINGLING. All funds collected by an Association shall be maintained separately in the Association's name. For investment purposes only, reserve funds may be commingled with operating funds of the Association. Commingled operating and reserve funds shall be accounted for separately and a commingled account shall not, at any time, be less than the amount identified as reserve funds. A manager or business entity required to be licensed or registered under Section.468.432, Florida Statutes, or an agent, employee, Officer, or Director of an Association, shall not commingle any Association funds with his or her funds or with the funds of any other Condominium Association or the funds of a community Association as defined in Section.468.431, Florida Statutes. THE UNDERSIGNED, being the presiding member of the Board of Directors of GATEWAY PARK COMMERCIAL CONODMINIUM ASSOCIATION, INC., a corporation not for profit under the laws of the State of Florida, does hereby certify that the foregoing By- Law were adopted as the By-Laws of said Association at a meeting he . o such purpose on the day of ' , 2016. VI OW, George H/Scholl Mayor,/ty of Sunny Isles Beach 13