Planning 2011-09-22 Items 4-5 - ReHabitat Northwest - Attachment J - Declaration of Covenants, Conditions and Restrictions of Record

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transfer of membership and no member whose membership is transferred shall be entitled to share or participate in any of the property or assets of the Association. Section 1.5. Renters. Each owner shall advise the office in writing and in advance of occupancy the name, address, and phone number of the lessee. Rentals will be limited to occupancy by one single family per dwelling and for a period of not less than 60 days without approval of the Board of Directors. Owner shall deliver a copy of Riverton Cottages Rules and Regulations to lessee and shall be responsible for the lessee's full compliance for the duration of occupancy. At no time shall the number of units available for rent exceed 10% of the total unit count within the Riverton Cottage development. Section 2. Organization and Meetings. To the extent consistent with these Covenants, provisions regarding organization, authority, meetings, directors, officers, and voting of RIVERTON COTTAGES shall be set forth in the Association's Articles of Incorporation and Bylaws. The authority to elect the Board of Directors is reserved to the membership. Section 3. Powers of the Board of Directors. The Board of Directors shall have the power to: a. Adopt and publish rules and regulations governing the use of the common area and facilities and the personal conduct of the members and the guests thereon, and to establish penalties for any infraction thereof. b. Suspend the voting rights and rights to use of the common areas and facilities or other rights of membership by any member during any period in which such member shall be in default in the payment of any dues or any financial obligation levied by RIVERTON COTTAGES. c. Exercise for and on behalf of RIVERTON COTTAGES all powers, duties and authority vested in or delegated to the Board and not specifically reserved for the membership. d. Take such action as deemed necessary in order to promote the health, safety and welfare of the general membership. e. Levy and collect such dues, fees and assessments as necessary to properly maintain, improve and manage the property, assets and facilities of RIVERTON COTTAGES and to otherwise carry out its functions, provided any increase in annual dues or proposed new assessment shall be approved by a majority of the membership voting in person or by proxy at a meeting called for such purpose. f. Employ a manager, managing agent, independent contractor, or such other employees and agents as they deem necessary and to fix and prescribe their duties, compensation, and other terms and conditions of employment. g. Establish conditions for indemnity and insurance of officers and directors. h. Do all things necessary for the administration of the affairs of RIVERTON COTTAGES and for the accomplishment of the best interests of RIVERTON COTTAGES, its facilities, utilities and properties. Section 4. Duties of the Board of Directors. It shall be the duty of the Board of Directors to: 61