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? nurchascr t6areof a cortif5cate of occupanay iesuod by the Bui]ding Commissioncr <br />attcsting that tho partioular unit ie in comp0ianao with Chnptor J.M. <br />(d) ?QtJ??1??.1].Fa_1? th arr?n?ioe <br />(1) To lnsura coinpliancc vvitb tho womnty obligations epecifled undar <br />Secrion 7 (a)(4) the doveloper shatl place in a sopamto warranty escrow <br />Accmunt A. sum equaD ta ono percont (10%) of tho groaa salos prioe of oach unit ae <br />so]d, puch cacrow acaouRt to bo esCablished at Afintiacial OnstDtutlon within the <br />corporate ldmits of the MunaoipAlity whoee aoc,ounte nre ineured by an agenqy of tho <br />f?dcral governmont. 'Che rvarcanty escrow nAoount shall bo matntninod for the parlod. <br />of tllc wacranty, <br />(2) Following inorifiaatian by a unit ow?ner or the utait awners' assoaiatioai; <br />thc davclopor shall make iiny requsred rtpaire or replaoemonts c?f the wAftntel <br />arca9 and &c(lltics in a tomely manner ox as pramptiy Ae conditiono neaeseltnte in <br />caae af emergenoy. If the devclopcr fhils to comply wtth the warraroty proviaiona, <br />the unit ownor ar the uniC owners' associntion may ??dfy tbc dovolopcr in writing of <br />in.tafttdon to connect the condition aC the devcloper'g expense. xf tbo dcvelopcr faile to <br />comply witliira fourteen daye after being notified by the unit owner or uniC owners' <br />association, or as paoaxiptly aa conditions rcyuirc in casc of emargancy, tho unik <br />OW11Cr Qi' UniC OWnetS' aBSOCiatiOn mAy, after rccciving tvva or mara writCcn astimates <br />of the cost, have the wark dor,e by the rmdesman eubmitting the lowes$, responsiblc <br />astimaCc, and have the cosG of the work deduoted from Clae warranty escrow ttccou.nc; <br />1f litigAtion ia neceasary in ordor to enfarce any wacraraCy hereunder or to Areach <br />fbnds fi'om such cscrow account, a provailang plaioatiff sha11, in Addition to dAnnages, <br />bo QWArded h19 rCA3onetbl8 AttOrn8y3' fcae. <br />(Ord. 79-77. Passcd i 0-15-79.) <br />EI4HIVIT µ, lA