WaterFord Covenants ARTICLE IV Section 2. Purpose of Assessments. A. The Annual Assessments levied by the Association shall be used to promote the health, safety, pleasure, and welfare of the owners of lots; to pay costs and expenses incident to the operation of the Association, including without limitation, the maintenance and repair of facilities, to provide services furnished by the Association, such as lawn care and snow removal and to pay for the repair and replacement of improvements, to pay insurance premiums on all insurance maintained by the Association or for the common properties, and all other costs and expenses incidental to the operation and administration of the Association and its facilities. B. The Special Assessments shall be used to pay the cost of capital improvements or extraordinary maintenance, repair or replacement of property maintained or controlled by the Association thereto. Section 3. Budget Preparation. A. The Association’s Role: Continue...