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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
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1/20/2026
Meeting Type
Business
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Agenda
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6-b
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i <br /> 7 <br /> hold member-ship in the Asseeiation. <br /> Section 16: "Plats and Plans" means the plats and plans recorded in Plat Book , <br /> Page <br /> at Orange County Register of Deeds, and *;*„*:. g a paFt Hereof as the same may <br /> be amended from time to time. <br /> Section 17: "Real estate "Property"means any leasehold or other estate or interest in, over, <br /> or under land, including structures, fixtures, and other improvements and interests <br /> which by custom, usage, or law, pass with a conveyance of land and includes <br /> parcels,with or without upper or lower boundaries, and spaces that may be filled <br /> with air or water. <br /> Section 18:— "Special declarant rights" mean rights, if any, reserved for the benefit of <br /> declarant as defined in G.S. 47C-1-103 (23) and as further set forth in Part II, <br /> Article I, Section 10 below. <br /> Section 19: "Unit"means a physical portion of the condominium designated for separate <br /> ownership or occupancy as shown on the recorded plats and plans, the boundaries <br /> of which are described pursuant to G.S. 47C-2-105(a)(5). <br /> Section 20:-"Unit owner"means Declarant or any other person who owns a fee simple title to any <br /> Unit which is a part of the Property, together with an undivided interest in the <br /> common elements, but excluding those having such interest merely as security for <br /> the performance of an obligation. <br /> PART II -DECLARATION OF <br /> COVENANTS, CONDITIONS,AND RESTRICTIONS <br /> ARTICLE I <br /> GENERAL <br /> Section 1: _Submission of Property to G.S. §47-C._ Declarant hereby submits the Property to <br /> the provisions of G.S. §47-C. The Property will be administered in accordance with <br /> the provisions of§47-C, the Declaration, and the Bylaws. <br /> Section 2:—_Condominium Name. The name of the condominium shall be "Drakeford Library <br /> Complex Condominium Project." <br />
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