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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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b. a sixty (60) day delinquency in the payment of Assessments or charges <br /> owed by the Owner of a Unit on which it holds a mortgage; <br /> C. a lapse, cancellation or material modification of any insurance policy <br /> maintained by the Association; and <br /> d. a proposed action which requires the consent of a specified percentage of <br /> Eligible Mortgagees. <br /> SECTION 17 <br /> SPECIAL DECLARANT RIGHTS <br /> Declarant hereby reserves exclusive and unconditional authority to exercise the <br /> following special Declarant rights within the meaning of Section 515B.1-103 (31) of the <br /> Act for as long as it owns a Unit, or for such shorter period as may be specifically <br /> indicated: <br /> 17.1 Complete Improvements. To complete all the Units and other <br /> improvements indicated on the Plat, or otherwise included in Declarant's development <br /> plans or allowed by the Declaration, and to make alterations in the Units and Common <br /> Elements to accommodate the exercise of any special Declarant rights. <br /> 17.2 Sales Facilities. To operate and maintain a sales office, management -� <br /> office, model Units and other development, sales and rental facilities within the <br /> Common Elements, and within any Units owned by Declarant from time to time, located <br /> anywhere on the Property. <br /> 17.3 Signs. To erect and maintain signs and other sales displays offering the <br /> Units for sale or lease, in or on any Unit owned by Declarant and on the Common. <br /> Elements. <br /> 17.4 Easements. To have and use easements, for itself, its employees, <br /> contractors, representatives, agents and prospective purchasers through and over the <br /> Common Elements and the yard areas of the Units for the purpose of exercising its <br /> special Declarant rights. <br /> 17.5 Control of Association. To control the operation and administration of the <br /> Association, including without limitation the power to appoint and remove the members <br /> of the Board pursuant to Section 5158.3-103 of the Act, until the earliest of: <br /> (i) voluntary surrender of control by Declarant, (ii) an Association meeting which shall be <br /> held within sixty (60) days after conveyance to Owners other than a Declarant of <br /> seventy-five percent (75%) of the total number of Units authorized to be included in the <br /> Property or (iii) the date five (5) years following the date of the first conveyance of a Unit <br /> to an Owner other than a Declarant. <br /> 17.6 Consent to Certain Amendments. Until such time as Declarant no longer <br /> owns any Unit for initial sale, Declarant's written consent shall be required for any "IN <br /> 28 <br />
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