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D A VV <br />to pay its share of reasonably anticipated Joint Expenses as may be projected t is r <br />years, based on the analysis in the Joint Expenses Budget. On or about January 1 of each year, <br />each Lessee shall deliver to the Joint Maintenance Committee evidence of the amount currently <br />held in the delivering Lessee's reserve account. <br />(b) Notwithstanding the foregoing, each Lessee shall contribute to its reserve <br />account, by December 31 of each year, the amount designated for such contribution in the Joint <br />Expenses Budget applicable to such year. A Lessee's failure to do so will give rise to a <br />Reimbursement Assessment if any of the other Lessees makes a contribution to its reserve <br />account greater than designated in the Joint Expenses Budget to the extent necessary to <br />compensate for the failing Lessee's failure to contribute to its reserve account. <br />4.9 Other Reports. <br />(a) For any year in which the Assessments exceed Fifty Thousand Dollars <br />($50,000) (without regard to any offset), a review of the relevant supporting documents and <br />financial statements of each of the Lessees shall be prepared in accordance with generally <br />accepted accounting principles by a licensee of the California State Board of Accountancy. A <br />Lessee whose relevant supporting documents and financial statements must be reviewed <br />pursuant to this Section 4.9 shall distribute to the other Lessees a copy of such review within one <br />hundred twenty (120) days after the close of each fiscal year for which such a review must be <br />prepared. The dollar amounts in this Section 4.9(a) shall be increased each year by the <br />percentage increase in the Consumer Price Index for All Urban Consumers (CPI -U), San <br />Francisco -Oakland -San Jose (1982-84=100), as published from time to time by the United States <br />Department of Labor (or by the increase in a similar index if the described index is no longer <br />published). <br />(b) At least once every five (5) fiscal years the Joint Maintenance Committee <br />shall cause a study of the reserve requirements of the Property (and the Joint Maintenance <br />Committee's cost in causing such study shall be a Joint Expense). The study shall include the <br />following items: <br />(i) Identification of the major components the Maintenance of which <br />is a Joint Expense and which have, as of the date of the study, a useful life of less than thirty <br />(30) years. <br />(ii) Identification of the probable remaining useful life of the <br />components identified in Section 4.9(b)(i), as of the date of the study. <br />(iii) An estimate of the cost of Maintenance of the components <br />identified in Section 4.9(b)(i), both during and at the end of their useful life. <br />(iv) An estimate of the total annual contribution necessary to defray the <br />cost to Maintain the components identified in Section 4.9(b)(i), both during and at the end of <br />their useful life, after subtracting total reserve funds as of the date of the study. <br />(c) Joint Insurance Policy. The Joint Maintenance Committee shall select a <br />20 <br />