Special Project Oversight Committee (SPOC) Report #1

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Owners shall be liable for the common expense attributed to the Parking Garage in the following proportion: Unit No. PercentaQe 1 2 3 Nothing herein contained, however, shall be construed so as to preclude the Association from delegating to persons, firms or corporations of its choice such duties as may be imposed by the Association. 4.3 Income From Common Elements. All common revenue from the general common elements shall be income of the Association. The Board of Directors may, in its discretion, use such income to help meet the expense of maintaining the common elements, or for such other purpose as may benefit the Association and the Unit owners in a manner proportionate to the percentage ownership in the common elements pertaining to each such Unit. Income from limited common elements belong to the owner of such limited common element. 4.4 Rules and Regulations Promul ag ted ~y the Association. No person shall use the common elements or any part thereof in any manner contrary to, or not in accordance with, such Rules and Regulations pertaining thereto as from time to time may be promulgated by the Association. Without in any manner intending to limit the generality of the foregoing, the Association shall have the right, but not the obligation, to promulgate rules and regulations limiting the use of the common elements to the members of the Association and their respective employees, invitees, guests and agents. Such use may be conditioned upon, among other things, compliance by the Unit owner with such Rules and Regulations and the payment by the Unit owner of such assessments as may be established by the Association for the purpose of defraying the cost thereof. 4.5 Limited Common Elements. The Condominium contains the following limited common element: Parking spaces: Units TP- to TP- and MP-_ to MP-_, as shown on the plat. 5. PARKING. 5.1 General Common Element Parking. Except for designated limited common elements, all parking spaces are general common elements and shall be available for the use of the Unit owners and their customers, invitees and guests. The general common element parking shall !, be used in accordance with Rules and Regulations promulgated by the Board of Directors, which, in its discretion, may restrict the use of some or all of such parking spaces to certain of the Units. 5.2 Maintenance Repair and Replacement. The Boazd of Directors shall allocate the expense of maintenance, repair and replacement of the general common element parking spaces among the Office Unit owners equitably to reflect the benefit the Office Unit owners receive from the existence, use, maintenance, repair and replacement of such parking spaces. If the Office Unit owners cannot reach unanimous agreement allocadng such costs, then they shall be allocated on the basis provided in Section 4.2(d). ~,, Page 5. Condominium Declaration ~ 0923970920