DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS
PAGE 4
ARTICLE I (cont.)
1.13. Board or Board of Directors.
Board or Board of Directors means the Association's Board of Directors.
1.14. Budget.
Budget means a written, .itemized estimate of the Association's income and Common Expenses prepared pursuant to the Bylaws.
1.15. Bylaws.
Bylaws means the Bylaws of the Association as adopted by the Board initially in the form of Exhibit "B" attached hereto and incorporated herein by this reference, as amended.
1.16. City.
City means the City of San Diego, in the County of San Diego, State of California, and its various departments, divisions, employees and representatives.
1.17. Close of Escrow.
Close of Escrow means the date on which a deed is Recorded conveying a Condominium pursuant to a transaction requiring the issuance of a Final Subdivision Public Report by the DRE.
1.18. Common Area.
Common Area means those certain volumes of airspace described in the Condominium Plan, . which shall be owned by groups of Owners in each Phase as tenants in common. The Common Area in Phase 1 is shown on the Phase 1 Condominium Plan.
1.19. Common Expenses.
Common Expenses means those expenses for which the Association is responsible under this Declaration, including the actual and estimated costs of: maintaining, managing, operating, repairing and replacing the Common Property; unpaid Special Assessments, Reconstruction Assessments and Capital Improvement Assessments; mainta1n the recreational facilities on the Common Property; all utilities metered to more than one Unit and other commonly metered charges for the Property; trash collection and removal (as applicable); maintaining clustered mailboxes and address identification signs; managing and administering the Association including, but not limited to, compensation paid by the Association to managers, accountants, attorneys and other employees; gardening and other services benefiting the Common Property; fire, casualty, liability, workers' compensation, errors and omissions and director, officer and agent liability insurance; and other insurance covering the Property and the Directors, officers and agents of the Association; bonding the members of the Board; taxes paid by the Association, including any blanket tax assessed against the Property; amounts paid by the Association for discharge of any lien or encumbrance levied against the Property, or portions thereof; payments made pursuant to the Reciprocal Easement Agreement; and all other items incurred by the Association, for any reason whatsoever in connection with the Property, for the common benefit of the Owners.