2001-12-10 Regular Meeting, Public Hearing, and Workshop Meeting

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e e Document 2 Phase I Covenants and Restrictions Zoning, CDI06:76, Section 106-659, Special regulations and procedures. (a) Procedure for establishing or developing a planned unit development district development. (4) A written description shall be submitted documenting the type of property control that will be utilized to administer, control and maintain any common open space or areas. ADMINISTRATION: The Developer's General Plan calls for a planned phase development of the Property. At the conclusion of the general building construction and its supporting infrastructure including but not limited to its utilities, parking areas landscaping, detention and roadways for a specific phase, the lease occupant (Tenant) demised premises construction shall commence. Each Tenant shall execute the Developer's Lease Agreement for it's leased premises that will described in detail an architect's prepared space plan, approved construction documents to be submitted thru the Building Permit process, and the legal conditions that bind the parties. The Developer will provide the property management services under the direction of a designated professional Property Manager with specific responsibility to manage the improved properties described in the General Plan. CONTROL: . The legal control for the administration of each phase referred to in the General Plan shall be contained in the Developer's Lease Agreement and shall be managed by the Developer's Property Manager. A portion of the Rental Payment in the Lease allows for the developer to charge each Tenant with specific building and common area maintenance charges incurred during each annual accounting period. A portion of the rent is collected monthly and a po~ion of the rent is billed annually to cover cost to maintain any common open spac~ or areas. ACfUAL OPERATING EXPENSES: Actual operating expenses shall consist of all operating expenses, computed on the accrual basis. These expenses would include but not be limited to; Buildings, the Land, Paths, Sidewalks, Roadways, Landscaping, Signs, Detention Areas, Utility Services aJ?d' Easements, Janitorial Services, which serve ~e buildings which may currently be in existence and any such improvements which may be constructed to service any of the foregoing in subsequent years as may be necessary or desirable in Landlord's discretion. " t'