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ORDINANCE NO. <br />Page -11- <br />circumstances, if any, under which the charges may be <br />increased, conditions, if any, under which the agreement <br />may be cancelled or terminated and a statement stating <br />the relationship between the developer and the management <br />firm, if any. The term of such management agreement shall <br />be governed by Section 5311.25(D) of the Ohio Revised <br />Code. <br />(7) A statement as to recreational facilities, including <br />a statement of whether, and under what circumstances, the unit <br />owners are required to be members of, support, or participate <br />financially, other than as a part of their common expenses, in <br />recreational facilities, such as, but not limited to, health <br />clubs, exercise rooms, tennis courts, swimming pools, party <br />rooms and golf putting greens. If any recreational facility is <br />not part of the common areas, charges for its use shall not <br />exceed charges customarily made for similar facilities in the <br />Village or in surrounding communities, and the statement shall <br />so specify. Additionally, if any recreational facility is not <br />part of the common areas, the following warning shall be inserted <br />in a type size and style equal to at least twenty (20) point <br />bold type: <br />THE (HERE NAMED FACILITIES) ARE NOT INCLUDED IN <br />THE COMMON FACILITIES. THESE FACILITIES ARE <br />AVAILABLE TO UNIT OWNERS FOR (HERE DESCRIBEDD!iMONTHLY <br />CHARGE AND INVITATION FEE). UNIT OWNERS ARE NOT <br />(AS APPLICABLE) REQUIRED TO PARTICIPATE FINANCIALLY. <br />(8) A statement as to parking facilities, including a <br />description of the location, ownership and availability to <br />unit owners and to the general public of parking associated <br />with the condominium. If all such parking facilities are not <br />(a) part of the common areas, or (b) divided as individual <br />parkinq spaces amonq and designated as being part of the <br />units, the parking facilities must be legally dedicated to the <br />exclusive use of the conversion condominium development and <br />charges for the use of the parking facilities shall not exceed <br />charges customarily made for similar facilities in the Village <br />or surrounding communities, and the statement shall so specify. <br />Further, the following statement shall be inserted in a type <br />size and style equal to at least twenty (20) point bold type: <br />PARKING FACILITIES ASSOCIATED WITH THIS BUILDING <br />ARE NOT OWNED INDIVIDUALLY OR IN COMMON BY THE <br />UNIT OWNERS.