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08-15-05
10.0.0.9
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08-15-05
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8/26/2005 12:46:30 PM
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<br />site and off-site drainage areas. Furthennore, this document shall include, but not be <br /> <br />limited to, the following: <br /> <br />A. A statement requiring the deeds, leases or documents of conveyance affecting <br /> <br />buildings, units, parcels, tracts, townhouses or apartments to be subject to the <br /> <br />tenns of the declaration. <br /> <br />! <br /> <br />B. A provision for the fonnation of a property owner's association or <br /> <br />corporation and that all, owners must be members of said association or <br /> <br /> <br />corporation which will maintain all properties and common areas in good <br /> <br /> <br />repair and which may access individual property owners a proportionate share <br /> <br /> <br />,of joint or common costs. The association or corporation must remain in i ',,,'i :'" <br /> <br />effect and may not be tenninated or disbanded. ; <br /> <br />Membership in the association shall be mandatory for each owner and any <br /> <br />C. <br /> <br />successive buyer. <br />,/ <br /> <br />D. Any open space restrictions must be pennanent and may not be changed or <br /> <br /> <br />modified without City approval. <br /> <br /> <br />E. The association will be responsible for liability insurance, local taxes and the <br /> <br /> <br />maintenance of the open space facilities that are deeded to it. <br /> <br /> <br />F. Property owners will be responsible for their pro-rata share of the cost of the <br /> <br /> <br />association by means of an assessment to be levied by the association which <br /> <br /> <br />meets the requirements for becoming a lien on the property in accordance <br /> <br />with Minnesota Statutes. <br /> <br />G. The association may adjust the assessment to meet changing needs and costs. <br /> <br />3 <br />
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