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October 8, 2018 Amendment – New

Table of Contents

NOTE:  Click on the links to access the documents.

Prospectus for Golden Shores, A Condominium

Cover Information, Summary of Important Matters to be Considered When Acquiring a Condominium Unit

Table of Contents

Prospectus Text (Offering Circular)

1. General Description of Condominium
2. The Condominium is Created and Being Sold as Fee Simple Interest
3. General Description of Recreational and Other Common Use Facilities
4. Provisions Relating to Control
5. Restrictions on Transfer, etc.
6. Restrictions as to Use of Units
7. Utilities
   • Sewage and Waste Disposal

Prospectus Text (Offering Circular) Part 2

1. Utilities
   • Water Usage
   • Electricity
   • Telephone
   • Storm Drainage
2. Management and Maintenance
3. Method of Determining Ownership of Common Elements
4. Estimated Operating Budget
5. Estimated Closing Expenses
6. Declaration of Servitude
7. Operating Officer
8. Exhibits

Exhibits to Prospectus – Appendix 1 – Declaration of Condominium

Section 1 – 4.13

1. Purpose
2. Submission of Real Property to Condominium Ownership
3. Name
4. Definitions 4.1 – 4.13

Section 4.14 – 6.0

4. Definitions 4.14 – 4.17
5. Unit Identification
6. Development Plan

Section 7 – 8.14

7. Maintenance, Alteration and Improvement
8. Assessments

Section 9 – 10.2.e.2

9. Association

10. Insurance

10.1 Liability

10.2 Casualty (Part 1)

Section 10.2.e.3 – 11.2

10. Insurance

10.2 Casualty (Part 2)

10.3 Workmen’s Compensation

10.4 Such Other Insurance

10.5 Unit Owner Liability

10.6 Right of Subrogation

11. Use Restrictions

11.1 Use & Occupancy

11.2 Pet

Section 11.3 – 12.2

11. Use Restrictions (continued)

11.3 Risks

11.4 Rules

11.5 Access

11.6 Signs

11.7 Children

11.8 Structured Alterations

11.9 Repairs

11.10 Fans

11.11 Windows

11.12 Proviso

12. Restrictions on Transfer of Unit

12.1 Transfers Subject to Approval

12.2 Approval by Association

Section 12.3 – 15

12. Restrictions on Transfer of Unit (continued)

12.3 Disapproval by the Association

12.4 Mortgage

12.5 Exceptions

12.6 Separation of Interests

12.7 Unauthorized Transactions

13. Notice of Lien or Suit

14. Purchase of Units by Association

15. Compliance and Default

Section 16 – 19

16. Type of Ownership

17. Amendments

18. Termination

19. Severability

Exhibit A – Legal Description

Exhibit B – Graphic Description of Improvements – Survey & Parking

Exhibit B – Graphic Description of Improvements – Units

Exhibits C through E:   Exhibit C – Percentage of Ownership

Exhibit D – Declaration of Servitude (Easement)

Exhibit E – Articles of Incorporation of Golden Shores Condominium Association, Inc.

Exhibit F – By-Laws of Golden Shores Condominium Association, Inc.

Exhibit F By-Laws – Part 1

1.      Identity

2.      Members

3.      Members Meetings

4.      Board of Directors  – Part 1

Exhibit F By-Laws – Part 2

4.   Board of Directors – Part 2

5.      Powers and Duties of the Board of Directors

6.      Officers – Part 1

Exhibit F By-Laws – Part 3

6.   Officers – Part 2

7.      Indemnification of Directors and Officers

8.      Fiscal Management

9.      Committees – Part 1

Exhibit F By-Laws – Part 4

9.   Committees – Part 2

10.  Contracts, Gifts, and Additional Common Elements

11. Parliamentary Rules

12. Amendments

13. Parking Spaces

Appendix 2    Initial Rules and Regulations

Initial Rules and Regulations – Part 1

1. Preamble

2. Condominium Living

3. Residents & Guests

4. Children’s Activities

5. Use of Units

6. Use of Common Areas and Other Facilities

a. Automobile Parking

b. Balconies, Halls, Stairways and Walkways

Initial Rules and Regulations – Part 2

6. Use of Common Areas and Other Facilities (Part 2)

b. Balconies, Halls, Stairways and Walkways (Part 2)

c. Exterior of Buildings

d. Garbage and Refuse Receptacles

e. Swimming Pools

7. Employees

Appendix 2 Revised Rules and Regulations – March 1997

Appendix 2 Revised Guest Rules and Regulations – June 2001

Appendix 3 Estimated Operating Budget

Appendix 4 Contract for Sale and Purchase – Part 1

Appendix 4 Contract for Sale and Purchase – Part 2

Appendix 5 Estimated Closing Expenses

Appendix 6 Escrow Agreement for Deposits

Appendix 7 Receipt for Condominium Documents

AMENDMENTS:

June 1981 Amendment

January 1983 Amendment

March 1990 Amendment

March 1990 Amendment

Floor Plan

Parking Layout

Unit Layout

Surveyors Certificate

1986 Condominium Act Amendment