Agenda - 06-17-2014 - 7e - Laserfiche WebLink

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19 replacement of improvements to the Recreation Space which the Association may be obligated to maintain. Section 4.6. Notice and Quorum for Any Action Authorized Under Sections 3 and 4. Written notice of any meeting called for the purpose of taking any action authorized under this Article will be sent to all Members not less than 30 days or more than 60 days in advance of the meeting. At the first such meeting called, the presence of Members or of proxies entitled to cast sixty percent (60%) of all the votes of each class of membership will constitute a quorum. If the required quorum is not present, another meeting may be called subject to the same notice requirement, and the required quorum at the subsequent meeting will be one-half (1/2) of the required quorum at the preceding meeting. No such subsequent meeting will be held more than 60 days following the preceding meeting. Section 4.7. Uniform Rate of Assessment. Both annual and special assessments must be fixed at a uniform rate for all Lots and may be collected on a monthly basis or other periodic basis established by the Board. Section 4.8. Date of Commencement of Annual Assessments: Due Dates; Initial Workinlz Capital. The annual assessments provided for herein will commence as to all Lots on the first day of the month following the conveyance of the first lot to an Owner other than Declarant or , whichever occurs last.. The first annual assessment will be adjusted according to the number of months remaining in the calendar year. The Board of Directors will fix the amount of the annual assessment against each Lot at least thirty (30) days in advance of each annual assessment period. Written notice of the annual assessment will be sent to every Owner subject thereto. The due dates will be established by the Board of Directors. The Association will, upon demand, and for a reasonable charge if it deems appropriate, furnish Page 9 of 50