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8. Amended Teton Terrace Subdivision Bylaws and Declaration of Conditions, Covenants and RestrictionsCity of Kalispell Post Ofnce Box 1997 - Kalispell, Montana 59903-1997- Telephone(406)758-7700 Fax(406)758-7758 REPORT TO: FROM: SUBJECT: MEETING DATE: The Honorable Mayor Kennedy and City Council Chris A. Kukulski, City Manager Susan Moyer, Community Development Director Changes to the Teton Terrace Subdivision Bylaws and Declaration of CC&Rs May 20, 2002 BACKGROUND: The current and original Bylaws and Declaration of Conditions, Covenants and Restrictions for the Townhouse Subdivision sponsored and developed by the City and known as Teton Terrace are on file at the Clerk and Recorder's office in Flathead County. At the time the City Council approved these documents, a stipulation was made that City Council must approve any subsequent changes to these documents. RECOMMENDTION: The City no longer owns any land within this subdivision inasmuch as all the lots have all been developed and sold to individual owners who not only own their structures and lots but also a proportionate share of the common area. The Teton Terrace Homeowners Association has been active for a year and run by a five (5) member Board of Directors. It is time for the Second Annual Homeowners meeting to be held for unit owners to adopt new Bylaws and CC&Rs empowering the unit owners and the Board to enforce same. The City Council approves the amended Bylaws and CC&Rs that remove the City from future responsibility for the activities of the subdivision. FISCAL EFFECTS: None. ALTERNATIVES: As suggested by Council. Respect =d, `7�7 t. l Susan Moyer, Director Community Development Chris A. Kukulski, City Manager