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following December 31; provided, however, that the first <br />accounting period shall commence on the day the Auto Mall or <br />any part thereof is open for business and shall be adjusted <br />according to the number of days remaining in the calendar <br />year. <br />(e) The Dealers Association may levy in any <br />accounting period a special assessment for the purpose of <br />defraying, in whole or in part, the cost of any <br />construction, reconstruction, repair or replacement of the <br />Primary identification Sign. The special assessment for <br />each owner shall be calculated by multiplying the costs of <br />such improvement or work by a fraction, the numerator of <br />which shall be the total square footage owned by the owner, <br />and the denominator of which shall be the total square <br />footage of all the Lots in the Auto Mall. <br />(f) All annual and special assessments of the <br />Association shall be fixed by the Board of Directors of the <br />Association, and written notice of said assessments shall be <br />sent to every Owner subject thereto at least thirty (30) <br />days in advance of the due date. The due date or dates of <br />annual or special assessments shall be established by the <br />Board of Directors of the Association, and any assessment <br />not paid within thirty (30) days after said date shall be <br />delinquent and shall bear interest at the rate of ten <br />percent (10%) per annum. <br />25 8-195 <br />