Browse
Search
Agenda 01-20-2026; 6-b - Condominium Agreement with the Town of Carrboro for the Operation of the Drakeford Library Complex
OrangeCountyNC
>
BOCC Archives
>
Agendas
>
Agendas
>
2026
>
Agenda - 01-20-2026 Business Meeting
>
Agenda 01-20-2026; 6-b - Condominium Agreement with the Town of Carrboro for the Operation of the Drakeford Library Complex
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/15/2026 10:50:08 AM
Creation date
1/15/2026 10:37:40 AM
Metadata
Fields
Template:
BOCC
Date
1/20/2026
Meeting Type
Business
Document Type
Agenda
Agenda Item
6-b
Document Relationships
Agenda for January 20, 2026 BOCC Meeting
(Message)
Path:
\BOCC Archives\Agendas\Agendas\2026\Agenda - 01-20-2026 Business Meeting
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
104
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
i <br /> 13 <br /> area of all of the Units in the Condominium. <br /> (b) The percentage of liability for Common Expenses (and Limited Common <br /> Elements)allocated to each Unit is 53.6%for the County and 46.4%for the Town_and <br /> is based on the relative floor area of each Unit as compared to the floor area of the two <br /> (2) Units in the _Condominium._ Nothing contained in this Subsection shall prohibit <br /> certain Common Expenses from being apportioned to particular Units under Article <br /> IV of this Declaration. <br /> (c) TheExcept for an Amendment to this Declaration which is subject to the <br /> requirements of Article XI, Section 5 below, the vote in the Association allocated to <br /> each Unit is 50% and is not based on the relative floor area of each Unit as compared <br /> to the floor area of all of the Units in the Condominium. <br /> Section 3:--The effective date for assigning Allocated Interests to Units created pursuant to <br /> Declarant rights hereunder shall be the date on which this Declaration, Plats and Plans <br /> creating the Units is recorded in the Registry of Orange County, North Carolina and <br /> the two (2) Units created by Declarant are established and conveyed as set forth in <br /> Article I, Section 5. <br /> ARTICLE IV <br /> ASSESSMENT AND COLLECTION OF COMMON EXPENSES <br /> Sectio 1:_The Declarant, for each Unit owned within the Property, and each Unit Owner by acceptance of a <br /> deed therefore, whether or not it shall be so expressed in such deed, hereby covenants and agrees <br /> to pay the Association: (1) annual assessments or charges, and (2) special assessments for capital <br /> improvements and for the maintenance, reconstruction and repair of Common Elements. _For so <br /> long as the Town and/or County own all Units of the Condominium, the Unit Owners may, upon <br /> written agreement, make proportional direct payments toward common expenses, capital <br /> improvements, maintenance, reconstruction and/or repair directly to vendors and other providers <br /> rather than assessments paid to the Association, provided that the allocation of direct payment to <br /> vendors or other providers by each Unit Owner is in accordance with Article III, Section 2(b). <br /> Except as provided in Section 2 of this Article IV,the liability of each Unit Owner for the Common <br /> Expenses of the Association shall be in accordance with <br /> 44 <br />
The URL can be used to link to this page
Your browser does not support the video tag.