Laserfiche WebLink
b. EBRPD shall be responsible for any necessary capital <br />improvements to the EBRPD Trail. <br />c. The cost of replacing the capital equipment, other than any <br />necessary capital improvements to the EBRPD Trail, shall be paid by HBPOA. <br />Valencia and Archstone acknowledge that HBPOA will pay for the necessary <br />capital equipment from assessments collected from (i) Valencia, (ii) the owners of <br />the Archstone Parcel, (iii) the owners of other property within Hacienda, pursuant <br />to the Declaration, and (iv) other Non - member Affiliates that are responsible for <br />such maintenance pursuant to their individual Non - member Agreements. The <br />cost of replacing capital equipment within the Greenbelt shall be prorated, <br />assessed, and billed per the terms and conditions set forth in the Declaration. <br />1.3 Failure to Maintain or Replace Capital Equipment. If Valencia, <br />Archstone, or the City believe that (i) HBPOA has failed to properly maintain the <br />Greenbelt in a manner consistent with Section 1.1 above, or (ii) HBPOA has <br />failed to replace any of the capital equipment in a manner consistent with Section <br />1_2 above, any party to this Agreement may elect to either (x) deem the failure of <br />HBPOA to properly maintain the Greenbelt of replace the capital equipment to be <br />non - material in light of all of the circumstances, in which case no further action <br />shall be required by HBPOA, or (y) the party may perform all or any portion of <br />the maintenance or acquire and install the required capital equipment, provided <br />prior to any action by the party, the following actions shall have been taken: <br />a. The complaining party shall provide written notice of the failure to <br />maintain the Greenbelt or provide for replacement of the capital equipment to <br />HBPOA and the non - complaining parties. HBPOA shall have thirty (30) days <br />from receipt of the written notice to (a) cure the situation, (b) deliver to the <br />complaining party and the non - complaining parties written notice setting forth the <br />reasoning for the Greenbelt not being maintained or the capital equipment not <br />being replaced, and establishing a plan and timeline for curing the situation <br />subject to any restrictions or regulations limiting or restricting HBPOA's ability <br />to cure the situation, or (c) deliver to the complaining party and the non - <br />complaining parties written notice stating that HBPOA does not agree with the <br />alleged violation of Section 1.1 above or Section 1.2 above. <br />b. Subject to any restrictions or regulations limiting or restricting <br />HBPOA's ability to cure the situation, in the event HBPOA fails to maintain the <br />Greenbelt or acquire and install the necessary capital equipment within the thirty <br />(30) day cure period or any such longer timeframe set forth in the written plan <br />established for maintenance of the Greenbelt or acquisition of the required capital <br />equipment by HBPOA (which time period shall be reasonable) and the party <br />elects to proceed with maintenance of the Greenbelt or acquisition and installation <br />of the required capital equipment, the party's performance of such obligation shall <br />be at HBPOA's sole expense and HBPOA, upon demand by theparty, shall pay to <br />4 <br />