In accordance with Article XII, Section 1 (d) of the Amended and Restated Declaration of Horizontal Property Regime together with the Covenants, Conditions and Restrictions (CCR’s), the following Fine Policy is adopted:
First Infraction Violation Letter-No fine
Second Infraction $75 fine
Third Infraction $150.00 fine
Further infractions within the same 12 month period shall be fined a minimum of $300.00 with a maximum of $500.00.
When applicable, a daily fine may be imposed of $10.00 per day until the infraction is corrected.
All fines are imposed by a majority vote of the Board of Directors.
This document approved by the Board of Directors, 19 November, 2009. A signed copy of this document is on file.