Shelter Holdings 9/23/2024 (3) - Laserfiche WebLink

Master Association setting forth in full the amendment, amendments or repeal so approved and certifying that said amendment, amendments, or repeal have been approved in the manner required by this Master Declaration. 14.3. Amendment by Declarant. Notwithstanding anything to the contrary herein, but only with the prior written approval of the City, which approval shall not be unreasonably withheld, and if such approval is required under Section 14.4 below, the Declarant may amend this Master- Declaration in order to comply with any applicable statute, ordinance or regulation, court ruling, or any requirements of the Federal Housing Administration of the United States, the Veterans Administration, the Federal National Mortgage Association, the Government National Mortgage Association, the Federal Home Mortgage Loan Corporation, any department, bureau, board, commission or agency of the United States or the state of Washington, or any other state in which the Lots are marketed and sold or any corporation wholly owned, directly or indirectly, by the United States or the state of Washington, or such other corporationwholly owned, directly or indirectly, by the United States or the state of Washington or any local governmental agency, the approval of which entity is required in order for it to insure, guarantee or provide financing in connection with development of the Property and sale of Lot or which regulates the development or sale of real property. In addition, at any time prior to the Conversion Date, but only with the prior written approval of the City, which approval shall not be unreasonably withheld, if such approval is required under Section 14.4 below, Declarant may unilaterally amend this Declaration for any other purpose, provided that the amendment has no material adverse effect (as deteunmed by Declarant in its reasonable discretion). No such Declarant's amendment shall require approval by any other Member. 14.4. City Approval of Repeal/Amendment Notwithstandmg anything to the contrary herein, the City's prior written approval is required for amendment or repeal, which amendment or repeal shall not contradict the terms and provisions of the LEIA, of any of the following instruments and documents to be effective: 14.4.1. Any provision of this Master Declaration pertaining to (i) the governance, organization, or operation of the Master Association, (ii) the obligations of the Master Association or its Members or Owners pursuant to the terns and provisions of the LEIA or (iii) any provision of this Master Declaration to which the City is third party beneficiary pursuant to Section 14.16 hereof; 14.4.2. Any organizational or governing document (including without limitation the Articles and Bylaws) of the Master Associationto the extent that such amendment or repeal would (i) materially impair the Master Association's or its Members ability to comply with the terms and provisions of the LEIA. or comply with any of the provisions of this Master Declaration referred to in subsection (a) of this Section 14.4, (n) change the Master Association so that membership in the Master Association did not run with ownership of a fee interest m a lot or parcel of land v% ithrn the Landfill Pad, subject to the exceptions thereto in the LEIA, or (iii) change the rights of the City representafve described in Section 3.6 hereof; or 14.4.3. Any real estate covenants to which the City is not a party that pertain to the obligation of Owners to participate in and contribute to the Master Association. The City's approval of any of the foregoing shall not be unreasonably withheld so long as they do not materially and adversely affect the City. 14.5. Notices. Any notices permitted or required to be delivered as provided herein shallbe in writing and may be delivered either personally, by messenger, or by overnight delivery service. Notices 26 4864 8276-8240, v. 14