(A) The project developer shall furnish the Administrative Official with one copy of the proposed consolidated master deed, one copy of by-laws and two copies of the proposed plans.
(B) The master deed and by-laws shall be reviewed for compliance with this code of ordinances to ensure that an assessment mechanism has been included to guarantee the financing of adequate maintenance of common elements.
(C) Master deeds submitted to the village for review shall not permit contraction of the condominium (whereby co-owners can withdraw from the condominium and responsibility for maintenance of common elements) without re-submittal of the master deed and by-laws to the Village Planning Commission and/or Zoning Commission, as required, for review and approval. Fees for these reviews shall be as established, from time to time, by the Village Council.
(Ord. 259, passed 10-24-1995; Ord. passed 2-1-2012)