(continued from previous page) or unsuitable materials or with improper quality or methods of construction. Declarant intends to encourage the erection of attractive permanent improvements appropriately located to preserve a harmonious appearance and function and to encourage the development of advanced technological, architectural, and engineering design for the harmonious development of the Master Association Properties. Declarant desires and intends to develop a quality project on the Master Association Properties (and on other parcels which may be subsequently subjected hereto) residential facilities of all types, a school site, and recreational facilities and amenities.
Section 1.3. Expansion: Certain additional parcels of land (the "Expansion Master Association Properties") have been planned for development in Castle Pines North but are not included in the description of the Master Association Properties. Declarant specifically reserves the right, but shall be under no obligation, to bring such Expansion Master Association Properties within the scheme of these Covenants by recording a Declaration of Annexation to submit said property to this Declaration, Such Declaration of Annexation may impose a series of restrictions and covenants to preserve the natural amenities of the Master Association Properties, to assure architectural harmony of the improvements, and to preserve the environmental values inherent in the Master Association Properties. Owners of lands adjoining the Master Association Properties, as it may be expanded from time to time ('Adjoining Lands"), shall also have the right to annex such lands to the Master Association Properties and submit such lands to the Declaration alter obtaining the prior written approval of Declarant.
The following terms and words, as used herein, are defined as follows:
Section 2.1. 3. "Adjoining Land(s)" shall mean land contiguous with the Master Association Properties or the Expansion Master Association Properties, whether or not owned by Declarant, which is or may be made subject hereto as provided in Article III hereof.
Section 2.2. "Annexation" shall mean the process by which portions of the Expansion Master Association Properties or Adjoining Lands are made subject hereto pursuant to Article III hereof.
Section 2.3. "Appointment Period" shall mean as defined in Section 4.7 hereof.
Section 2.4. "Articles" or "Articles of Incorporation" shall mean the Articles of Incorporation of the Master Association which are filed with the Secretary of State to create the Master Association.
Section 2.5. "Assessments" shall mean annual, special, and default Assessments levied pursuant to Article VIII hereof to provide the funds to meet the estimated cash requirements of the Master Association.
