Tiffany Place is a community with many residents. In such a community, rules are needed. These rules are established by the community to enhance everyone's enjoyment and use of their home and the common areas. The rules and regulations apply to all residents, unit owners and their guests.
The powers and duties of the Board of Directors include the following:
· Adoption of the annual operating budget for the Association
· Hiring, supervising and discharging Association employees (as appropriate);
· Hiring, supervising and discharging a professional managing agent for the Association (if used);
· Executing contacts for the procurement of goods and services required by the Association (i.e., landscape management, snow removal, etc.);
· Adopting and enforcing reasonable rules and regulations, as well as enforcing compliance with all covenants and use restrictions set forth in the Declaration and By-Laws.
Because the responsibilities of Directors are substantial, and due to the fact that Board members are volunteers, the Association will procure and maintain Directors and Officers liability insurance for the Board. This policy, which is a common expense funded through assessment fees, protects Board members from individual liability for their actions as Board members.
The Association must provide certain services for the benefit and well-being of the physical Property and the residents in general, the services the Association provides to the unit owner are as follows:
· Cleaning and maintenance of the common element grounds, buildings.
· Removal of snow from certain common elements.
· Pest control for common elements.
· Insurance, as required by the Condominium Instruments, for the Units and Common Elements.