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Annual Meeting |
The Budget is presented in a simple format to better reflect how our budget works. Previously, we
grouped items only as either income or expenses. However, from a practical standpoint, we really
have two major income and expense categories within our Huntwick Civic Association (HCA)
Budget. Each has its own source of revenue and each has certain expenses which consume that
revenue. |
Now therefore, Article Eight, Section 3. “Leases” is hereby amended to be fully replaced and to
read as follows: |
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| (A) | The lease is in writing. |
(B) |
The lease provides that the lease is subject to the provisions of the Revised and Amended |
Declaration, the Articles of Incorporation, and the By-Laws of the Association, and that any failure
of the tenant to comply with the terms of these governing documents (as amended) shall be a
default under the lease. |
(C) |
All tenants are identified in the lease, and a copy of the lease (omitting the lease dollar |
amount) is provided to the Association within 10 days of the effective date of the lease or any
renewal of the lease. |
(D) |
The contact information (name, address, telephone numbers, email addresses) for the |
tenant and owner is provided to the Association within 10 days of the effective date of the lease or
any renewal of the lease. |
(E) |
The tenant has no felony criminal conviction. |
(F) |
The tenant has not been convicted under federal law or the law of any state of the illegal |
manufacture or distribution of a controlled substance. |
(G) |
The tenant is not a registered sex offender. |
(H) |
A Lot owned by a financial institution or mortgage entity cannot be leased. |
| (I) | A Lot | purchased | or | acquired | by | a | non-Huntwick | owner/investor | cannot | be | purchased |
with the sole intent to lease the Lot. |
Nothing herein is intended to alter, modify or amend the Revised and Amended Declaration, except
as specifically provided hereinabove. |