LAKE WATERFORD ESTATES

Bylaws

Every effort has been made to ensure the accuracy of this representation. The amendment has been placed within the appropriate area.

For official reference, please consult the original documents located at the following location:

LAURA E. ROTH | Clerk of the Circuit Court, Volusia County Florida

Book 8639 Starting Page 3213 Filed 12/05/2024 (Complete Bylaws with Amendments Refile)

Book 8527 Starting Page 3736 Filed 03/08/2024 (Certificate Of Amendment To The Bylaws)

Book 6488 Starting Page 146 Filed 03/23/2010 (Certificate Of Amendment To The Bylaws)

Additions indicated by underlining

Deletions indicated by strike-through (—-)

Unaffected omitted language indicated by ellipsis (…)

CERTIFICATE OF AMENDMENT TO THE BYLAWS
OF LAKE WATERFORD ESTATES, INC.

THIS IS TO CERTIFY THAT the Bylaws of Lake Waterford Estates, Inc. (“the Association”) are amended as set forth below.

WITNESSETH:

WHEREAS, the Association’s Declaration of Covenants, Easements, Conditions and Restrictions (“the Declaration”) was recorded on December 31, 1991 in Official Records Book 3717, Page 1007 et seq. and re-recorded April 2, 1993 in Official Records Book 3822, Page 1064 et seq. of the Public Records of Volusia County, Florida; and

WHEREAS, the Bylaws of the Association were not attached to the Declaration and have not been recorded in the Public Records of Volusia County, Florida; and

WHEREAS, Article XIII of the Bylaws provides that the Bylaws may be amended by a majority vote of the members present, in person or by proxy, at a regular or special meeting of the members; and

WHEREAS, proposed amendments were provided to the members of the Association in accordance with Section 720.306(1)(e), Florida Statutes (2023);

WHEREAS, at a duly noticed meeting of the members held on December 11, 2023, a majority of the members present at the meeting voted for and approved the proposed amendments to the Bylaws;

WHEREAS, a Certificate of Amendment to the Bylaws was recorded on March 8, 2024, in Official Records Book 8527, Page 3736 of the Public Records of Volusia County, Florida, and the approved amendments were inadvertently omitted from the certificate; and

WHEREAS, this Certificate of Amendment is recorded to correct the inadvertent omission of the previously approved amendments to the Bylaws.

NOW, THEREFORE, the Bylaws are hereby amended as set forth in the document attached hereto.

IN WITNESS WHEREOF, the Association has executed this Certificate of Amendment this 3rd day of December , 2024

AMMENDED BYLAWS

Of

LAKE WATERFORD ESTATES HOMEOWNER’S ASSOCIATION

NAME AND LOCATION: The name of the corporation is the LAKE WATERFORD ESTATES, INC. d/b/a LAKE WATERFORD ESTATES HOMEOWNER’S ASSOCIATION, INC., hereinafter referred to as the “Association”. The principal office of   the corporation shall be located at 1940 Waterford Estate Drive, New Smyrna Beach Florida, 32168, but meetings of members shall be held at such places in the State of Florida as may be designated by the Board of Directors.

• accurate, itemized and detailed records of all receipts and expenditures;

• a current account and periodic statement of the account of each property owner which designates the name, due date, amount paid upon account and balance due;

• all audits, reviews, accounting statements and financial reports of the Association; and

• all contracts for work Bids for work performed shall also be considered official records and shall be maintained for a period of one (1) year.

(b.) Supervise all officers, agents and employees of the Association and to see that their duties are properly

(c.) Manage the Association’s Dues and Assessments per Article

(d.) Issue or cause an appropriate officer to issue upon receipt of a legitimate request, a certificate setting forth whether any assessment has been paid. A reasonable charge may be made by the Board for the issuance of these certificates. If a certificate states an assessment has been paid, such certificates shall be conclusive evidence of such payment.

(e.) Procure and maintain reasonable liability and hazard

(f.) Cause all officers or employees having fiscal responsibility to be bonded, as it may deem

(g.) Cause the common area to be maintained, where

The President shall preside at all meetings of the Board of Directors and shall see that the orders and resolutions of the Board are carried out, and shall be empowered to sign all legal written instruments.

The vice president shall act in the place and stead of the President in the event of absence, or inability or refusal to act, and shall exercise and discharge such other duties as may be required by the Board.

The secretary shall record the votes, keep the minutes of all meetings and proceedings of the Board and of the members; keep the corporate seal of the Association and affix it to all papers requiring said seal; serve notice of meetings of the Board and of members; keep appropriate current records showing the members of the Association together with their addresses; and shall perform other duties as required by the Board.

The Treasurer or a “special appointee” (see Article VIII, section 4) shall receive and deposit in appropriate bank accounts all monies of the Association and shall disburse such funds as directed by resolutions of the Board of Directors; shall co-sign with another signing officer all checks and promissory notes of the Association; keep proper books of account; and shall prepare an annual budget and a statement of income and expenditure to be presented to the membership at its regular annual meeting; and deliver a copy of each to the members.

The Board of Directors should appoint a Design Review Board, as provided for in the covenants of the Lake Waterford Homeowner’s Association.

The books, records and papers of the Association shall, by appointment, during reasonable business hours, be subject to inspection by any member, or by holders of first mortgages on any portion of the properties. Such records shall be retained in a storage area
designated by the president of the association.

As more fully provided in the Declaration, each member is obligated to pay to the Association annual and special assessments that are secured by a continuing lien upon the property against which the assessment is made. A written notice of assessment will be sent to every Owner subject to assessment at least fifteen (15) days in advance of each annual or quarterly assessment period. Any assessments not paid when due, are delinquent. If the assessment is not paid within thirty (30) days after the due date, the assessment shall bear interest at the highest rate allowed by law per annum. The Association may bring action at law against the Owner personally obligated to pay the same or foreclose the lien against the property including interest. Costs and reasonable attorney’s fees of any such action shall be added to the amount of such assessment. No owner may waive or otherwise escape liability for the assessments provided for herein by non-use of the Common Area or abandonment of his Lot or Living Unit.

The Association may change the maximum and basis of the assessments providing that any such change shall have the assent of two-thirds (2/3) of the votes of members who are voting in person or proxy, at a meeting duly called for this purpose. Written notice shall be sent not less than 30 days or more than 60 days to all members in accordance with the Declaration. The notice shall set forth the purpose of the meeting and providing further that the limitations set forth herein shall not apply to any change in the maximum and basis of the assessments undertaken incident to a merger or consolidation in which the Association is authorized to participate under its Articles of Incorporation and under Article IX, Section 4.(d) of the Declarations.

The Association shall have a seal containing the words “Lake Waterford Estates, Inc.” d/b/a Lake Waterford Estates Homeowner’s Association” and may be in the form of a circular embossing seal or a legally recognized stamp, indicating that the organization is not for profit.