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Agenda 01-20-2026; 6-b - Condominium Agreement with the Town of Carrboro for the Operation of the Drakeford Library Complex
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Agenda 01-20-2026; 6-b - Condominium Agreement with the Town of Carrboro for the Operation of the Drakeford Library Complex
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1/15/2026 10:50:08 AM
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BOCC
Date
1/20/2026
Meeting Type
Business
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Agenda
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6-b
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i <br /> 11 <br /> _regulations pursuant to which the Unit Owners, its employees, servants, invitees and lessees, may <br /> be entitled to use the Common Elements and any Limited Common Elements, <br /> including the right to make permanent and temporary assignments or allocations of <br /> parking spaces. The Town and County shall have the right,but not the obligation, to <br /> have municipal charged parking for one or more shared Common Element Parking <br /> spaces or any of its Limited Common Eiemen*p -Idng spaees.respective Limited Common <br /> Element parking spaces. If the Town or County elect to have municipal charged <br /> parking,the Parties shall establish rules and regulations addressing legal, operational, <br /> financial and community considerations to be approved by the Executive Committee <br /> and the rules and regulations will be added as an amendment tco the Parties' MOU. <br /> By way of example, the MOU will address municipal parking management structure, <br /> fee structure, enforcement and staff structure, revenue allocation, jurisdiction <br /> enforcement and communitypact and public engagement. In the Event the Town <br /> or County elect to implement charges for municipal parking the County Limited <br /> Common Element parking spaces designated for Library use will remain free parking <br /> spaces at all times that the LibrMr operates. <br /> Section 4:— Subject to any rules and regulations established by the Association, a Unit Owner <br /> may delegate his right of enjoyment to all or a part of the Common Elements or to <br /> the extent applicable Limited Common Elements to a lessee the terms of which shall <br /> be properly set forth in a written lease, a copy of which shall be provided to the <br /> Association. <br /> Section 5:— The Common Elements and any Limited Common Elements are not subject to <br /> partition, and any purported conveyance, encumbrance, judicial seal or other <br /> voluntary or involuntary transfer of an undivided interest in the Common Elements <br /> by a Unit Owner made without the Condominium Unit to which that interest is <br /> allocated is void. This provision shall not be construed to prevent Unit Owners from <br /> swapping or transferring Limited Common Element parking spaces with one another <br /> in a manner consistent with the rules and regulations authorized by this Declaration. <br /> ARTICLE III <br /> ALLOCATED INTERESTS <br /> Section 1:— The table showing Unit numbers and their Allocated Interests is attached as Exhibit <br />
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