HomeMy WebLinkAboutDRB18-0487_approved documents_1539124128.pdf � C
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APPROVED
10/9/2018
12:00:00 AM
4.97497
FOR THE FORMATION OF THE JOflNN . FNIInnt,TEXAS TOWNHOUSE ASSOCIATION •
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e�gggg THIE AGREEMENT is executed effective=:tHis.T3tii day of Apr ,
DfSBd •
by aAd aisaag tke-uidersigiied.
•. The undersigned are all•of the Owners in fee simple of townhouse
• units :located in'the Texas Townhouses.:situated on real property.,located in
the Town•of Vail,•Eagle County,•••Colorado,':which.property is more fully
;'describ`ed on.Exhibit A attached':hereto'thereinafter "Texas .Townhouses").
S. ,, The Owners•desire toprovid, "for certain common maintenance and •
'services and for the.acquisition,.:of certain:real property;located adjacent to
the Texas roiohouses t6 be used'fee b
automoile parking for t1e Owners•(the
Gommoa:.Real:Property").
• ., In,conjunction(therewith, the Owners, while dedicated to the spirit
".'.of individual ownership and independence respecting their"'un.unite which has
:.been a:traditioniof the-Texas Townhouse§ since •their inception, wi:4!: [o enter
into:this 'Agreement for'the express.and %Jaitad purpose of managing certain
closely defiled 'functions for thf'Association tith:'which to benefit all •
1
•ownerson a uniform and;mutual basis.
•
'THEREFORE, the Owners agree as follows •
:
'i.- Definitions."
• A. "Article's.of Incorporation"means the articles of incorpora
• •tion of the Association:
E.' "Association".means the Texas Townhouse Association, a
Colorado•corporation, .not for profit, its successors and assigns, the members
of which shall be all she-:Owners of the Teas• Tovniioueea:
C `''Board of.Managera" or "Hoard" mean, the governing:body.of.:.the •
Association.
D. "Eylaus" means the•;bylaws of•the Association.
E. "Common'Expenses"'moans and includes 71'1 lama 1..lassaited against
• the Owners by
the Association for•expenses authoriiedi.by.this Agreement as
follows:' (1) expenses;oaf adminietration,'(2) certaid.maintenance and repair
•
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