DCPREZ-2014-10755 - Laserfiche WebLink

Home Browse Search

• Association D. "Association" is JCL Commercial Condominiums,an unincorporated association. Owners of Unit 1 through X are members of the Association and subject to its Bylaws and Rules and Regulations adopted by it for the use and management of the condominium. By becoming member of the Association, Unit Owners assign the management of the Common Elements of the Condominium to the Association. Subject to rights reserved to the Declarant the policies of the Associate are established by a Board of Directors elected by its member and executed by a retained Manager. The Association, at a later date, may become an LLC or Corporation. Manager E. "Manager"is Jeffrey T. Lcvakc, 301 Pinnacle Drive, P.O. Box 568, Lake Mills, WI 53551,or the Real Estate management firm retained by the Association to manage the Condominium under the policy direction of the Board of Directors,if any. Declarant F. "Declarant"is Jeffrey T. Lcvakc,301 Pinnacle Drive, P.O. Box 568, Lake Mills, WI 53551 Unit Owner G. "Unit Owner" is that person or combination of persons who hold legal title to a Unit or equitable ownership of a Unit as a land contract vendee. The term is used herein in the singular although the ownership interest in a particular Unit may be held by more than one person. The Declarant is not included in the definition of Unit Owner. 6. Area Reserved for Future Expansion and Right to Expand: A. Reservation of Right. Declarant hereby reserves the right to expand the Condominium by adding all or a portion of the property described as the Limited Common Element of Unit 7 provided Declarant receives approval from the governing municipality or municipalities. Such right to expand may be exercised from time to time within ten(10) years from the date of recording of this Amended Declaration within the Office of the Dane County Register of Deeds. Any such expansion shall be in the sole discretion of Declarant, and no Unit Owner or other person shall have the right to require the same. Each Owner, by accepting a deed to a Unit, acknowledges that the expansion area or parts thereof may he developed for uses other than as part of the Condominium.