Coach 2013 Annual Report Download - page 286

(t) entering into non-disturbance agreements in accordance with Article 14 hereof;
(u) electing the officers of the Condominium and otherwise exercising the powers regarding officers of the Condominium as
set forth in these By-Laws;
(v) engaging the services of a managing agent (a “ Managing Agent”) to perform such duties and services as the Board of
Managers shall authorize, to fix the compensation of such Managing Agent, and to delegate to such Managing Agent such of its powers and duties, as the
Board of Managers deems advisable;
(w) procuring such fidelity bonds and/or crime insurance as the Board of Managers deems advisable covering officers and
employees of the Condominium handling and responsible for the Condominium’s funds and personal property, and to procure the Managing Agent’s and
officers’ liability insurance if the Board of Managers deems it advisable. The premiums of such bonds and insurance shall be paid by the Board of Managers
as a Common Expense;
(x) performing any and all duties imposed on the Board of Managers by Law and/or pursuant to Insurance Requirements
applicable to the Property;
(y) performing any and all duties imposed on the Board of Managers by any provisions of the Underlying Agreements
applicable to the Property, making such decisions and taking such other actions as may be necessary to comply with or exercise any rights under the
Underlying Agreements, imposing Common Charges to cover the costs of compliance with the Underlying Agreements, and enforcing the provisions of the
Underlying Agreements against Unit Owners, if applicable;
(z) entering into making contracts and incurring liabilities in connection with the exercise of any of the powers and duties of
the Board of Managers;
(aa) acting on behalf of the Condominium as a director or member of the Association, and appointing a designee (the “ Tower
C Representative”) to act as the Condominium’s member of the Association board of directors or managers;
(bb) operating and Maintaining the Building Exterior Lighting System, and determining its hours of operation;
(cc) leasing the Tower C Plaza Area to the Association as set forth in Section 7(v) of the Declaration; and
(dd) delivering to all Unit Owners copies of all notices, correspondence or other written communication received by the Board
of Managers from the Association, within five (5) days of receipt thereof.
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