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3(c) Conditional Use Permit "The Range" Resort Development LLC/Premier Homes
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04-18-2019 Planning & Zoning Commisison Meeting
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3(c) Conditional Use Permit "The Range" Resort Development LLC/Premier Homes
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4/12/2019 8:38:05 AM
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The following provisions shall govern membership in the Association,and the allocation to each Living <br /> Unit a portion of the votes in the Association and a portion of the Common Expenses of the Association: <br /> 4.1 Membership. Each Owner shall be a Member of the Association by virtue of his or her <br /> ownership of a Unit,and the membership shall be transferred with the conveyance of the Owner's <br /> interest in the Unit. An Owner's Membership shall terminate when the Owner's ownership of a Unit <br /> terminates. When more than one Person is an Owner of a Unit,all such Persons shall be Members of <br /> the Associafion,but multiple ownership of a Unit shall not increase the vofing rights allocated to such <br /> Living Unit nor authorize the division of the voting rights. <br /> 4.2 Voting and Common Ex e� nses. Voting rights and Common Expense obligations are <br /> allocated equally among the Living Units except that special allocations of Common Expenses shall be <br /> permitted as provided in Section 6.1. Voting rights,however,are further subject to the following: <br /> a. The Associafion shall have two classes of voting membership: <br /> (i) Class A.Class A Members shall all be Owners,with the excepfion of the Declarant. Class <br /> A Members shall be entitled to one(1)vote for each Unit of which they are the <br /> Owner. When more than one person is the Owner of any Unit,all such persons shall <br /> be Members, but the Owners of such Unit shall be collectively entitled to only one <br /> (1)vote for that Unit. When there is more than one Owner of a Unit,the vote shall <br /> be cast by one person properly designated as provided in the By-Laws. Any voting <br /> authority established in writing by the multiple Owners of a Unit and filed with the <br /> Association shall be valid until revoked in writing by such Owners and filed with the <br /> Association. <br /> (ii) Class B.The Class B Member shall be Declarant,who shall be enfitled to two(2)votes <br /> for each Unit owned. The Class B membership shall cease and be converted to Class <br /> A membership upon the occurrence of the earliest of the following: <br /> 1. When the total votes outstanding in the Class A membership <br /> equal the total votes outstanding in the Class B membership; <br /> 2. The date of ;or <br /> 3. Upon the Declarant's voluntary conversion of its Class B <br /> membership to Class A membership <br /> b. Members shall have no rights of cumulafive voting. Members may vote by voice, ballot, <br /> proxy,mail or other reasonable means,subject to the terms provided in the Bylaws. <br /> 4.3 Aoourtenant Rights and Obligations• The ownership of a Living Unit shall include the <br /> vofing rights and Common Expense obligations described in Section 4.2. Said rights,obligations and <br /> interest,and the title to the Units,shall not be separated or conveyed separately. The allocation of the <br /> rights,obligations and interests described in this Section may not be changed,except in accordance with <br /> the Governing Documents and the Act. <br /> 7 <br />
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