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ORDINANCE N0. <br />Page -6- <br />(2) following notification by a unit owner or the <br />unit owners' association, the developer shall make any <br />required repairs or replacements of the warranted areas <br />and facilities in a timely manner or as promptly as conditions <br />necessitate in case of emergency. If the developer fails <br />to comply with the warranty provisions, the unit owner <br />or the units' owners' association may notify the developer <br />in writing of intention to correct,`.?the condition at the <br />developer's expense. If the developer fails to comply <br />within fourteen (14) days after being notified by the <br />unit owner or unit owners' association, or as promptly as <br />conditions require in case of emergency, the unit owner <br />or unit owners' association may, after receiving two or <br />more written estimates of the cost, have the work done <br />by the tradesman submitting the lowest, responsible <br />estimate, and have the cost of the work deducted from the <br />warranty escrow account. If litigation is necessary in <br />order to enforce any warranty hereunder or to attach funds <br />from said escrow account, a prevailing plaintiff shall, <br />in addition to damages, be awarded his reasonable attorneys; <br />fees. <br />1379.05 DISCLOSIIRES OF THE PUBLIC OFFERING STATEMENT <br />(a) Disclosures. <br />The Public Offering Statement shall disclose fully and <br />accurately the characteristics of the conversion condominium <br />development in the units therein and all unusual and material <br />circumstances and features affecting the condominium development. <br />The Public Offering Statement shall not intentionally omit any <br />material fact or contain any untrue statement o£ the material fact <br />and shall contain all the £ollowing: <br />(1) A statement indicating the names and address of: <br />(A) The developer and legal and beneficial owner, <br />if di£ferent, of the land and improvements, including <br />all general partners of a partnership, or all directors <br />and owners of ten percent (10%) or more of the beneficial <br />interest in the stock of a corporation. <br />(B) The mortgagees, the principal sales and management <br />aqents, attorneys, accountants, architects, engineers and <br />contractors. <br />(C) A description of all condominium property and <br />improvements, including the following: <br />(A) A general merit of description stating the total <br />nu mb.er of units, a description of the types of units, the