1979 077 Ordinance - Laserfiche WebLink

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ORDINANCE NO. Page -3- (a) "Capital Improvement" means any improvement with a useful life qreater than one (1) year and subject to the depreciation rules of the United States Internal RezVenue Code. (b) "Common Areas and Facilities" includes, except as otherwise provided in the declaration, the following parts of the condominium property: (1) The land described in the declaration, and (2) All other areas, £acilities, places and structures that are not part of the unit, including, but not limited to• (Fi) the foundations, columns, girders, beams, supports, supporting walls, roofs, halls, corridors, lobbies, stairs, stairways, fire escapes, entrances and exits of buildings; (B) the basements, yards, gardens, parking areas, garages and storage spaces; (C) the premises for the lodging of janitors or persons in charge of the property; (D) installations of central services such as power, light, gas, hot and cold water, heating, refrigeration, air-conditioning and incinerating; (E) the elevators, tanks, pumps, motors, fans, compressors, ducts and, in general, all apparatus and installations existing for common use; (F) such community and commercial facilities as may be provided £or in the declaration; (G) all other parts of the condominium property necessary or convenient to its existence, maintenance and safety, , or normally in common use, or that have been designed as common areas and facilities in the declaration or drawings. (c) "Condominium" means real property, portions of which are designated for separate unit ownership by the unit owners and the remainder of which is designated for common ownership by the unit owners. (d) "Condominium Development" means a condominium property in which two or more individual dwelling units, together with undivided interest in the common areas and facilities of the property, are offered for sale pursuant to a common promotional plan.;: