BOOK 90 PAGE
1OO
THE OAKS
A PRTVATE CONDOMINIUM COMMUNITY
THIRD AMENDMENTS TO BY.IAWS
WHEREAS, the Substituted By-Laws of The Oaks, (hereinafter referred to as
"By-Laws"), were recorded February 16,7995, of record in Condominium Deed Book
3'l.,Page166, inthe Fayette County Clerk's Office; and
WHEREAS, the Amendments to By-Laws (hereinafter referred to as "First
Amendments") were recorded luly 2,1999, of record in Condominium Deed Book 40,
Page 146,inthe Fayette County Clerk'g Office; and
WHEREAS, the Second Amendments to By-Laws (hereinafter referred to as
"Second Amendments'J were recordedlanuary 27,2011, of record in Condominium
Deed Book $7,Page 105, in the Fayette County Clerk's Office; and
WHEREAS, the following Third Amendments to By-Laws (hereinafter
referred to as "Third Amendments") were approved by the required maiority at the
Annual Meeting of the Co-Owners, pursuant to notice, on December 6,2W12
ARTICLE V
Article V. H. 5. of the Bylaws shall be amended by adding the following
subsection e:
e.
Notwithstanding any provision herein to the conkary, from and after
the date of the adoption of this Amendment by the Council of Co-Owners, a CoOwner shall not lease said unit if the then percentage of Ieased units exceeds
fourteen and nine-tenths (74.9W percent of the total number of units (hereinafter
refered to as "Rental Restriction"l.
Provided, however, the above Rental Restriction shall not apply to Co-Owners
or their heirs who have title to their unit prior to the date of the adoption of this
Rental Restriction by the Council of Co-Owners.
The Oaks Condominium Horizontal Property Regime consists of twenty-nine
(29) residential buildings (hereinafter referred to as "Building") with residential
units in each Building, to-wit:
Eaton No. 1 Building
Eaton No.2 Building
Eaton No.3 Building
12 units
12 units
12 units
HoldforD&S
Eaton No.4 Building
Eaton No.5 Building
Eaton No.6 Building
Eaton No.7 Building
Eaton No.8 Building
Eaton No. 9 Building
Eaton No.10 Building
Eaton No.11 Building
Eaton No.12 Building
Eaton No.13 Building
Eaton No.14 Building
Eaton No.15 Building
12 units
12 units
12 units
12 units
12 units
12 units
12 units
12 units
12 units
12 units
12 units
12 units
Transylvania No.l Building
Transylvania No.2 Building
Transylvania No. 3 Building
Transylvania No.4 Building
Transylvania No.5 Building
Transylvania No.5 Building
6 units
5 units
6 unite
6 units
6 units
5 units
Carlton No.l Building
Carlton No.2 Building
Carlton No.3 Building
Carlton No.4 Building
4 units
4 units
4 unite
4 units
Mansfield
Mansfield
Mansfield
Mansfield
No. 1 Building
No. 2 Building
No. 3 Building
No. 4 Building
4 units
4 units
4 units
4 units
The Co-Owners of any such Building may, upon the unanimous written
approval of such Co0wners, resfoict the number of units which may be leased in
such Buildingto twenty-five (25o4 percent, or less, of the units in such Building.
In the event of a violation of the provisions of this section by a Co-Owner, the
Co-Owner and his/he{their respective unit shall be assessed monthly penalties equal
to 150% of the regular maintenance fee assessed against such unit.
This is hereby certified to be true and accurate account of the action of the
Council of Co-Owners, Oaks Condominiums on
6,2A71.
R, Secretary
CHAEL STIDHAM, President
STATE OF KENTUCKY
COI.JNTY OF FAYETTE
The foregoing was subscribed sworn to and acknowledged before me this
Decembet 72, 2U11, by Pat Spencer, Secretary of the Board of Administration, of the
Oaks Condominium Association, on behalf of the Oaks Condominium Association.
My Commission g.>rpiresfu$Lh|A
(
?
NOTARY PUBLIC, KY
STATE OF KENTUCKY
COUNTY OF FAYETTE
The foregoingwas subscribe{ sworn to and acknowledged before me this
Decembett2,2All, by Michael Stidham, President of the Board of Administration,
the Oaks Condominium Association, on behalf of the Oaks Condominium
Association.
My Commission ExpiresfuA4bbt
? 2Alz-
Prepared By:
DINSMORE & SHOHL LLP
250 West Main Street, Suite 1400
Lexington,I(Y
,40507
q0_
CHARLES
E.
WARD
43{Jll90vl
3
of
COITDO DEED
BOOK 90 PAGE 103
I.' Donald IV Blevins Jr. Countv Court Clerk
of f,'avette County. Kentuckf. herebv
certifv that the ftiresoins in$tiumenf
has bErcn duly rrccoriled [r my office.
DOUG BRADLEY,dc
20ttt2tfi2.N
December
l4r 20ll
14:05:(D PM
s13.00
$.00
Total Paid
$13.00
THIS IS TIIE LAST PAGE OF TIIE DOCT'MENT
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