Laserfiche WebLink
Skaars as owners of Lot 4 shall not be required to <br /> share in the maintenance, repair, snow plowing or <br /> any reconstruction of the joint driveway, and they <br /> shall have no right to vote on any costs or im- <br /> provements . For purposes of this agreement, they <br /> shall not be construed as "Lot Owners" at this <br /> time. <br /> b. In the event that any part of Lot 4 bordering on <br /> the joint driveway is developed into one or two <br /> residential Lots (but not more than two) in the <br /> future, then, upon the purchase of either of said <br /> lots by persons other than Skaars, such new Lot <br /> owners shall become subject to the terms and condi- <br /> tions of this agreement with full voting rights, <br /> and the allocation of costs provided for in this <br /> agreement among the Lot owners shall be adjusted <br /> accordingly. At that time, the new owners of any <br /> residential lot created from Lot 4 shall be consid- <br /> ered "Lot Owners" as that term is used in this <br /> agreement. <br /> 5 . Any repair or maintenance expense which will require the <br /> contribution of less than $200 . 00 per lot must be agreed <br /> upon by at least two-thirds of the Lot owners in advance. <br /> Any repair or maintenance expense which will require the <br /> contribution of $200 . 00 or more per lot must be unani- <br /> mously agreed upon by all Lot owners in advance. No Lot <br /> Owner shall be entitled to recoup costs from any other <br /> Lot owner unless such cost was agreed upon by the <br /> required number of Lot owners, in advance. Each Lot <br /> owner shall be responsible for the maintenance, repair, <br /> and any reconstruction of his or her individual driveway <br /> extending from the joint driveway, which lies solely on <br /> his or her own property. <br /> 6 . The Lot owners shall mutually agree on the method and <br /> timing of snowplowing and shall share equally in the cost <br /> of snow removal from the joint driveway. Prior to July <br /> 1 of each year, the Lot owners shall mutually designate <br /> one Lot owner to be in charge of arranging for snow <br /> removal, collecting the funds for payment thereof, and <br /> making payment to the snowplow operator. In addition, <br /> prior to July 1 of each year, the Lot owners shall <br /> mutually agree on an amount for each Lot owner to deposit <br /> in anticipation of the cost of snow removal for the <br /> coming winter season, with a minimum deposit amount of <br /> $100 per Lot owner. Such funds shall be placed in a <br /> special account with the designated Lot owner for that <br /> winter season having signatory authority. In the event <br /> that such account has a positive balance on June 30 of <br /> the following year, the Lot owners may mutually agree to <br /> 3 <br />