RESOLUTION FOR OAK BROOK OWNERS ASSOCIATION, INC.
(the "Association") WHEREAS, Article VI, Sections 6.04(A) & 10.08 of the Declaration of Covenants, Conditions, and Restrictions for Oak Brook (the "CC&Rs") grants to the Association to make and enforce rules within the Property; BE IT RESOLVED, that the following fine schedule shall be the Association's policy and part of its enforceable rules: The first incident of a violation of the CC&Rs or any policy rule of the Association (a "Violation") shall result in written courtesy notice delivered via mail to the property owner of record with no fine imposed. The cure time for a violation, unless otherwise specified by the Association at their sole discretion or required by state law, shall be within 24 hours of receipt of the courtesy notice.
Repeat violations of the same section of the CC&Rs or policy rule occurring within a 6 month period, or uncured violations, shall incur fines in the followmg amounts, at a frequency of every other week, unless otherwise specified by the Association at their sole discretion: 2nd violation: $25 3rd violation: $50 4th violation: $75 5th violation and thereafter: $100 The Association reserves its right to seek injunctive relief and damages at any time at its sole discretion.
This resolution was passed by a unanimous vote of the Board of Directors of the Association at a duly called and noticed meeting for that purpose on the date set forth below to be effective July 1, 2013.
Executed this the Z S day of T c..?tU.E , 2013.
STATE OF TEXAS AFTER RECORDING PLEASE RETURN TO: Goodwin Management, Inc.
11149 Research Blvd., Suite1 00 Name:~ 7