(continued from previous page) Common Interest Community. These expenses include:

A. Expenses of administration, maintenance, repair or replacement of any Common Elements or property owned or maintained (under an easement, license or contract) by the Association:

B. Expenses declared to be Common Expenses by the Documents or by the Act;

C. Expenses agreed upon as Common Expenses by the Board;

D. Such reasonable reserves as may be established by the Association, whether held in trust or by the Association, for repair, replacement or addition to the Common Elements or any other real or personal property acquired or held or maintained (under an easement, license or contract) by the Association; and

E. The costs and expenses imposed on the Association, benefiting fewer than all the Lots, shall be a Common Expense, when assessed exclusively against those Lots benefited.

Section 1.12. Common Expense Assessments: The funds required to be paid by each Owner in payment of a Common Expense liability, including Annual Common Expense Assessments, Special Assessments, and Common Expenses attributable to fewer than all Lots.

Section 1.13. Common Interest Community: The real property subject to this Declaration.

Section 1.24. Declarant: Romar Mirage, L.L.C., a Colorado limited liability company or its successors as defined in Section 38‑33.3‑103(12) of the Act.

Section 1.15. Declaration: This document, including any amendments and plate.

Section 1.16. Delegate: That person designated on behalf of the Association to act pursuant to the provisions of the Master Declaration and the Master Association Bylaws.

Section 1.17. Development Plan: The Romar West Development Plan recorded with the Clerk and Recorder of Douglas County, Colorado at Reception Number 99098082, as amended by Romar West Planned Development First Amendment recorded July 28, 2000 at Reception No. 20052296.

Section 1.18. Development Rights: The rights as defined by Section 38‑33.3‑103(14) of the Act reserved by the Declarant under Article V of this Declaration.

Section 1.19. Director: A member of the Board of Directors.

Section 1.20. Documents: The Declaration and Plat recorded and filed pursuant to the provisions of the Act, the Bylaws, Design Guidelines, and the Rules as they may be amended from time to time. (continued next page)

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