CONSENT IN LIEU OF MEETING OF
BOARD OF DIRECTORS
ESTATES OF BRADLEY PARK
_______________________________________

RESOLUTION

By consent in Lieu of Meeting, the Board Members of the Estates of Bradley Park consent to the following action. The Board of Directors previously instituted a fine schedule in accordance with Article 2.09 of the Declaration of Covenants, Conditions and Restrictions (CC&R’s) governing the Association. This resolution formally adopts the following schedule as previously implemented. Upon a motion duly made and seconded, the following resolution was adopted by the required majority vote:

RESOLVED, that the following penalties may be prescribed and assessed against owners for violations of the CC&R’s: Following notification of noncompliance and failure to correct noncompliance within 30 days of notification (calculated from three days after date of mailing), a $25.00 fine will be incurred for the first 30 days, a $50.00 fine will be incurred from the 31st – 60th day, a $100 fine will be incurred from the 61st – 90th day. There after a $25.00 per day fine will be imposed.
A copy of the fine schedule will be posted on the Estates of Bradley Park website (www.estatesofbradleypark.com) as well as mailed to all owners in accordance with section 2.09 of the CC&R’s.
There being no further business to come before the Board, the meeting was duly adjourned.

DATED this __________ day of ____________________, 2013
BY: ___________________________________________ President
BY: ___________________________________________ Secretary
ESTATES OF BRADLEY PARK