Article 4 — Association and Restrictions

The subdivider and/or owner shall form an incorporated homeowners association prior to assumption of project management by the homeowners association. (CCCC§ 926-12.202)

The covenants, conditions and restrictions for the conversion project shall provide for ownership and maintenance of all project and common areas improvements. (CCCC§ 926-12.204)

The developer, at his or her expense, must contract with a professional management firm for a period of one year from the date that the homeowners comprise the majority of the board of directors of the association to manage the project and advise the association. (CCCC§ 926-12.206)

Prior to approval of the final map, the developer shall provide to the city evidence of establishment of a funding in the name of the homeowners association. Such fund shall be earmarked for long-term reserves for replacement, and shall be equal to one hundred dollars ($100.00) for each dwelling unit. (CCCC§ 926-12.208)