Reso 2007-1102 - Laserfiche WebLink

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J ~r '.~(C.E1. ,) 4 I 6 PG I 4 7 7 1204 1205 llO6 n07 IlOi 1209 PH3 PH4 PI15 PH6 PH7 Illi8 0.98370% 0.901-10% 0.90140% 0.98370% 0.98370% 2.11634% 0.98370% 0.98370% 0.90140% 0.90140% 0.98370% 0.98370% 2.2 Time Shnring. There wil[ be 110 tilllc.sharilll: csl:lt~S in this Condominiulll. 3. DEFINITION OF TERMS. The Icrms used in this Declaration <lnd Ihe Exhibits \lunched hereto shall have the nlc:mings s!;J!cd 1n the Condominium Act (r-S 718.1 OJ) and 015 follows. unless the context olhcrwisc rcquin:s. 3.\ "Aniclcs oflncorporatioll" mCilns the Articles oflncorpor:l.lion orlhe Associ:lIion (OC-)). 3.2 "Assessment" means iJ share oCthe funds rcquin:d for the pilymclll orcommon EXpCll~CS which j.~ assessed againsllhc Unit Owners from lime to lime. "Special Assessmenl" means all)' ;Issessmell[ Icvied ngainst unit Imm.'rs olher Ihan the nssessmenl required by a budgel adopted annual I)'. 3.3 "Associalion" mCOIns the Florida nOI for profit corporation whose name :md seal appenrs at lhe end of Ihis . Declaralion which is the entily respol1sible for thc opera1ion oflhe Condominium. 3.-1 "Ooard". "[loard of Administration" or "[3o:1ro or Direclors" means Ihe Board of Directors orllle Assodaliol1 responsible for thc administration of the ^ssocialion. 3.5 "By-Laws" means the B)'.Laws of Ihe Associ:lIioll (OC-4). 3.6 "Common Elemenls" me:lns the portion of Ihe Condominium rropcrt)' not includcc.l in the Units. as idenlified on OC.11 auached herelO. 3.7 "Common Expenses" means all expenses ,md assessmenls. propL:r1y incurred by Ihe Association fl'lr the Condominium os specified in FS 718.115 and :Ill olher cxpenses declared Common Expenses by provisions ul' this DeclaratIon and it~ exhibits. , 3.8 "Common Surplus" means the csecss of nl! receipts of the Association. collectL:d OIl behalf or" condominium including but not limited to, assessments, rents. profits. and revenucs on aecoullt of the COOlmon Elements. over the amount of Common Expenses'. . 3.9 "Condominium" means Ih:n form of ownership of real property which is creilted pursuant to the provi~il1ns or F.S. 718 and which is comprised of units thilt may be owned by 0111: or more pcrsons. and there is nppuncnal\l to c:lch Unit nn undivided share in Common Elements. The term sh;]1l :11so mC:ll1 the Condominium established b)' this t)cclilratioll. 3.10 "Condominium Act" means the Condominium Act of tile SI31e of Florida (f.S. 718. et seq,) 015 it esisls 01$ of the d:1lc hereof. 3.11 "Condominium Documents" means this Declamlion. the Survey Exhibit, Articles oflm:orpuration anhe Associntion. nod lly-Lows ofthL: Associ~tion. 3.12 "Condominium Property" mC:lns and includes the lands herL:hy subjectlu condominium ownership. whethcr or nol eOlltiguous. nnd nil improvements thereon nnd all cascmcnts <'Ind righ1s appurtennnt thereto. "^s~ociatioll Property" inc\uuc~ \ho\ propc:rty. rC<Jl and personal, ill whkh tilk or oWllership is vested in the ^:OSOCii"llioll fur tbe Itse and bencfit of ils membcrs. 3.13 "Dcclnffilion". or "Dedarntion of Condominium" means this inslrumcnt. 3.1~ "Dcveloper" or "ScHer" meaus MARINA BAY CLUB. LIMITED PAltnJERSllIP, a florida Li1l1itec.l Partnership. its suc(:cssors O1Inl OIssig,ns. which has crca!cd this Condominium ill ils caratil)' as Developer. 3,15 "Institulional MortgOlgcc" mcalls a Mongasc Com pan)'. Stale ur Federal Ballk. Savings and Loall/\ssllciatioll. hlSUrllneC' Company. Ih'al ESlale Investmcllt Trust Union I'cnsion Fund. or Service COlllpany aflilialco with an)' of them. or an)' ;!.genc)' ofllu: United Stales GovcmlllL:llt. or li!.;e emilY. Developer or ils amlialc, beillg a mortgagee ofa Unit. 3.16 "Limited COllllllon Elements" means Ihose Common Elelllcnts which me reserveu for the usc ofa certain Unit or Units 10 the exclusion ofolher Unils as specifil.:c.l ill this Dl.:elar:ltioll,1I1d a's identified on OC-2 ullached hl.:rcto. 't~ r ~ , '"' "., "....1...""""".. '''' :~.::;;:::cJ .;~ '.r.. ,.).... '... ~''-~ ~ ~.... I';