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3A - Final Plat of Sentinel Office Park
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07-16-2009 Planning Commission Meeting
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3A - Final Plat of Sentinel Office Park
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1.1 "Act" shall mean the Minnesota Common Interest Ownership Act, <br /> Minnesota Statutes Chapter 5156, as amended. <br /> 1.2 "Assessments" shall mean and refer to all assessments levied by the <br /> Association pursuant to Section 6 of this Declaration, including annual <br /> assessments, special assessments and limited allocation assessments. <br /> 1.3 "Association" shall mean the Sentinel Office Park Owners Association, a <br /> nonprofit corporation which has been created pursuant to Chapter 317A of <br /> the laws of the state of Minnesota and Section 51513.3-101 of the Act, <br /> whose members consist of all Owners. <br /> 1.4 "Board" shall mean the Board of Directors of the Association as provided <br /> for in the Bylaws. <br /> 1.5 "Bylaws„ shall mean the Bylaws governing the operation of the <br /> Association, as amended from time to time. <br /> 1.6 "Declarant" shall mean Pequot OD, LLC, a limited liability company under <br /> the laws of the State of Minnesota. <br /> 1.7 "Common Elements" shall mean all parts of the Property except the Units. <br /> 1.8 "Common Expenses" shall mean and include all expenditures made or <br /> liabilities incurred by or on behalf of the Association and incident to its <br /> operation, including Assessments and items otherwise identified as <br /> Common Expenses in the Declaration or Bylaws. <br /> 1.9 "Eligible Mortgagee" shall mean any Person owning a mortgage on any <br /> Unit, which mortgage is first in priority upon foreclosure to all other <br /> mortgages that encumber such Unit, and which has requested the <br /> Association, in writing, to notify it regarding any proposed action which <br /> requires approval by a specified percentage of Eligible Mortgagees. <br /> 1.1.0 "Governing Documents" shall mean this Declaration, and the Articles of <br /> Incorporation and Bylaws of the Association, as amended from time to <br /> time, all of which shall govern the use and operation of the Property. <br /> 1.11 "Limited Common Elements" shall mean a portion of the Common <br /> Elements allocated by the Declaration or by operation of Section 51513.2- <br /> 102(d) or (f) of the Act for the exclusive use of one or more but fewer than <br /> all of the Units. <br /> 1.12 "Member" shall mean all persons who are members of the Association by <br /> virtue of being Owners as defined in this Declaration. The words "Owner" <br /> and "Member" may be used interchangeably in the Governing Documents. <br /> 2 <br />
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