The
Board may appoint committees as deemed appropriate in
carrying out its purpose, including but not limited to:
(a)
A Recreation Committee,
which
shall advise the Board on all matters pertaining to
the recreational programs and activities of the Association,
and shall perform such other functions as the Board,
in its discretion, determines.
(b)
A Maintenance Committee,
which shall advise the Board on all matters pertaining
to maintenance and repair of improvements of the properties,
and shall perform such other functions as the Board,
in its discretion, determines.
(c)
A Publicity Committee,
which shall inform the members of all activities and
functions of the Association and shall after consulting
with the Board, make such public releases and announcements
as are in the best interests of the Association.
(d)
An Audit Committee,
which shall supervise the annual audit of the Association's
books and approve the annual budget and statement
of income and expenditures to be presented to the
membership at its regular annual meeting. The Treasurer
shall be an ex officio member of this committee.
(e)
An Architectural Control
Committee, which shall consist of not less
than three (3) nor more than five (5) members. Declarant
may appoint all of the original members of this Committee
and all replacements until the first anniversary of
the issuance of the original Public Report for the
first phase of the project. Declarant may reserve
to itself, the power to appoint a majority of members
of this Committee until ninety (90%) percent of all
the subdivision interests in the overall project have
been sold, or until the fifth (5th) anniversary of
the issuance of the Final Report for the first phase
of the project, whichever occurs first.
One
year after the date of the Final Report for the project,
the Board shall have the power to appoint one member
to this Committee until ninety (90%) percent of all
subdivision interests in the overall project have
been sold or until the fifth (5th) anniversary date
of the issuance of the Final Report for the first
phase of the project, whichever occurs first. Thereafter,
the Board shall have the power to appoint all members
of the Committee. Members appointed to the Committee
by the Board shall be from the membership of the Association,
members appointed to the Committee by the Declarant
need not be members of the Association.