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Reso 2007-1102
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Reso 2007-1102
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Last modified
8/19/2013 2:13:45 PM
Creation date
6/20/2007 1:38:06 PM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2007-1102
Date (mm/dd/yyyy)
05/17/2007
Description
Memo of Agmt w/ Marina Bay Club Association Ltd
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<br />'r"""'~' <br />r <br /> <br />........-.-.--".........,... <br /> <br /> <br />''T.m.t!. <br /> <br />~ - If I 6 PG I 4 6 I <br /> <br />because of possible changes in the future expenses of the offered <br />Condominium it is not intended nor should it b~ considered as a <br />representation, gutlrantee or warrilnty of any kind whatsoc\'er <br />including, without limitation, that the actual expenses for allY <br />period of operation may not vary from the amount estimated, that <br />the Association will not incur additional expenses or that the <br />Association will not provide for additional reserves or other sums <br />not reflected in the proposed budget. Hence the Budget does not <br />constitute any warranty or guarantee as to the magnitude of "Common <br />Expensesll levied under Paragraph 7 of the Declaration or the nudget <br />adopted after the termination of the "Guarantee periodN discussed <br />below. <br /> <br />The Budget is not intended nor should it be considered all <br />inclusive or as a representation, guarantee or warranty of any kind <br />whatsoever of all expenses to be incurred as a result of Unit <br />ownership. For example, the Budget does not include real estate <br />taxes on the Units, Unit Owner's insurance, telephone, electricity, <br />or other utility services which are billed directly to the Unit <br />Owner and not through the Association. <br /> <br />The Developer shall be excused from payment of its share of <br />Common Expenses and Assessments related to those Unit it O'-.'OS for <br />a period of one (1) year following the date on which Developer <br />closes title to the first condominium unit sold by Developer, which <br />period may be extended by the Developer. The Developer must pay <br />the portion of Common Expenses incurred during that period which <br />exceeds the amount assessed against Unit OWners. The dollar amount <br />for each Unit during the guarantee period is as follows: <br /> <br />Un! t No. <br /> <br />301 <br />302 <br />303 <br />304 <br />307 <br />308 <br />309 <br />310 <br />401 <br />402 <br />403 <br />404 <br />405 <br />406 <br />407 <br />400 <br />409 <br />410 <br />501 <br />502 <br />503 <br />504 <br />505 <br />506 <br />507 <br />508 <br />509 <br />510 <br />601 <br />602 <br />603 <br />GOI} <br />605 <br /> <br />Amount Per Nonth <br /> <br />343.34 <br />304.73 <br />304.73 <br />244.52 <br />304.73 <br />304.73 <br />304.73 <br />343.34 <br />343.34 <br />304.73 <br />304.73 <br />304.73 <br />279.24 <br />279.24 <br />304.73 <br />304.73 <br />304.73 <br />343,34 <br />343.34 <br />304.73 <br />304.73 <br />304.73 <br />279.24 <br />279.24 <br />304.73 <br />304.73 <br />304.73 <br />343.34 <br />343.34 <br />304.73 <br />304.73 <br />304.73 <br />304.73 <br /> <br />P,gc7 of 18 <br /> <br />" <br /> <br />..:' :,'.(."') .-J.\. . .;..:I,~ <br /> <br />..-. <br />
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