Upon transfer of maintenance responsibility, the association shall be responsible for:
A. Liability insurance and payment of premiums for liability insurance and local taxes;
B. Maintenance of all common elements including, but not limited to, private utilities, private drives, private sidewalks and trails, private streetlights, and private common recreation facilities shown on the preliminary and final plats;
C. Maintenance of public streets until such time as the Town or NCDOT agrees to accept the responsibility for street maintenance; and
D. Maintenance of a fund intended for the maintenance and repair of community facilities.
(Ord. 2020-36, passed 12-2-2019)