5.9. No. 4: Revisions to New Home Building Application Fee

Design Guidelines and Appendix Resolution

New Home Building Application Fee

WHEREAS, the Board of Directors of GlenRiddle Community Association, Inc. has the power and the responsibility to govern and make decisions for the community in accordance with Article 7 (a) of the GlenRiddle By-Laws; and

WHEREAS, pursuant to Article 10, Section 10.2 (a) of the Declaration, the Declaration may establish, modify, cancel, limit, create exceptions to, or expand Community Codes; and

WHEREAS, Article 10 of the Declaration provides that Community Codes shall have the same force and effect and binding nature as the covenants, conditions, and easements and restrictions contained within the Declaration and applicable to all property within the Community; and

WHEREAS, the Board of Directors wished to revise the existing Design Guidelines for the benefit of the Community and its residents;

NOW, THEREFORE BE IT RESOLVED THAT that the Board of Directors of GlenRiddle Community Association, Inc. hereby adopts the attached revisions to Community Code #4 which, as may be modified or amended from time to time, shall be binding on all parties having any rights, title or interest in all or any portion of the Community, their respective heirs, personal representatives, successors, transferees and assigns, as well as occupants, guests, and invitees, and shall inure to the benefit of each Owner thereof.

Unless otherwise defined herein, capitalized terms used herein shall have the same meanings as set forth for them in the Declaration.

Design Guidelines Appendix 5-57 Previously Recorded

Administration Fees:

Application Fee New Home Building Application: $350.00

Construction Deposit: $2500.00

Revision is as Follows:

Application Fee New Home Building Application: $350.00

Construction Deposit: $10,000.00 (see Note 1)

Construction Deposit: For those not in compliance with GlenRiddle HOA/ACC Guidelines $20,000.00 (see Note 1)

NOTE 1: Construction Fees to be paid by Builder and refundable following final inspection by the ACC and satisfactory completion of property according to approved plans.

IN WITNESS WHEREOF, the undersigned, GlenRiddle Board of Directors hereby executes this Resolution this 15th day of April 2021 at an open Board of Directors meeting where a quorum of the Board was present.

*See Design Guidelines Appendix 5: New Home Building Application and Checklist for revised forms to complete.