Seagate Horizontal Property Regime, Inc.
Marina Slip Assignments and Dry Storage Rules and Regulations

This amendment is to replace Dock Rules and Regulations Book L 577 page 907 and any un-amended Dock Rules and Regulations Book A 319 page 500 of the Seagate Horizontal Property Regime, Inc. establishing new guidelines that shall now remain in full force and effect.

Article 1.  Marina Slip Assignment Rules and Regulations

 Section 1. Seagate Dock, Gazebo, Marina and Dry Storage are for private use of the Seagate Horizontal Property Regime, Inc. Owners. No commercial licenses or commercial usage is allowed.  Periodic inspections of the dock and marina will be completed to assure the safety of those enjoying and leasing slips.

Section 2. The owners or tenants request for a boat slip assignment must be submitted in writing and contain in a copy of the boat title, boat registration, and proof of $300,000 non-deductible liability insurance. This request will be placed in the order in which they are received. Requests for dock storage boxes must also be submitted for approval. Any owner that is three (3) months delinquent on the regime dues will not be allowed to submit a request for a slip assignment until the dues are current.

Section 3. Boats including the motor in excess of 21 feet will not be allowed to lease an inside slip. Boats including the motor in excess of 26 feet will not be allowed to obtain an inside or outside slip. The written request to include the boat length and width with the required documentation will be presented to the Property Manager or the Board of Directors for the review of the Marina Committee prior to leasing. The Board of Directors has the right to refuse the written request. Upon assignment the Property Manager will contact the owner requesting the boat slip approval to be leased. After each slip leasing the slip number and the unit number list will be placed on a list along with the waiting list which will be posted by the Property Manager at the gazebo.

Section 4. Requests from owners for slips that are not assigned will be placed on a waiting list in the order which they are received. Owners wishing to swap their inside slip for an outside slip must submit their request in writing and will be placed in the order in which they are received on the waiting list. There will be one waiting list. Owners will always be placed on this list before tenants and tenants.

Section 5. Annual marina slip leasing fee will be increased at the same percentage that the regime dues are raised or at the Boards discretion as presented to the owners in budget format and then approved by the vote of 51 % of owners as found in the ByLaws Article II Section 1 and 2 Book W 153 page 769. The leased amount will never be less that the previously approved amount.  Annual renewal of those slips leased by owners will be invoiced prior to February1^st have 15 days in which to pay for the assigned slip. Any owner that is not in compliance will forfeit the slip to the next owner on the waiting list.  Each year a copy of the boat title, boat registration, and proof of $300,000 non-deductible liability insurance is required.

Section 6. Any owner that is three (3) months delinquent in their regime dues will remove their boat from the marina and forfeit their slip. Any owner who does not utilize their assigned slip within 6 months after the February invoice has been paid or submit in writing to the Property Manager why the slip is not being utilized will forfeit their slip. The Board of Directors has the authority to have any unauthorized boat removed after three (3) days. The Unit Owner that has leased a marina slip and whose property has to be removed from the property will be responsible for removal expenses, attorney fees, storage expenses and any other costs associated with boat removal

Section 7. Unit owners may share their slip with their guest. A copy of the boat title, boat registration, and proof of $300,000 non-deductible liability insurance is required. This must be submitted to the Property Manager and be approved by the Board of Directors and/or the Marina Committee prior to the owner sharing their slip. Any owner will be responsible for their guests and for any damages that may be incurred by their guest. Guests can not exceed 10 days per quarter.

Article II. Dry Storage Rules and Regulations

 Section 1. Dry storage requests must be submitted in writing to the Property Manager for the approval by the Marina Committee and the Board of Directors who assign the dry storage spaces. Those who have submitted a request will be placed on a waiting list in the order which they are received. There will be one list. Each submission must contain a description of what will be stored in the space to include length and width in the description of the vehicle. The Board of Directors has the right to refuse the written request. After each new dry storage assignment a space number and with the unit number will be placed on a waiting list and placed at the gazebo at the marina

Section 2. There are 28 dry storage spaces. Seagate owns 14 spaces and there are 14 spaces assigned to the AshleyTowne Recreation and Development, Inc. according to case #88-CP-10-1989. A recreational vehicle parked in the approved space not to exceed Twenty Eight (28) feet in length and Ten (10) feet in width. A current tag is required on the recreational vehicle at all times. The space will not be approved for a commercial vehicle.

Section 3. Dry Storage annual leasing fee be increased at the same percentage that the regime dues are raised or at the Boards d discretion as presented to the owners in budget format and then approved by the vote of 51 % of owners as found in the ByLaws Article II Section 1 and 2 Book W 153 page 769. The leased amount will never be less that the previously approved amount.  Leased Dry Storage spaces will not be allowed to be shared as there are space limitations. A fee for a key for this storage replacement will be charged as set by the Board of Directors. The key will be returned if the space is no longer leased.

Section 4. Any owner that is three (3) months delinquent in their regime dues will not be allowed to submit a request a Dry Storage space until the dues are current. If the unit owner becomes three (3) months delinquent the Unit Owner will remove the belongings and forfeit their space immediately. That owner whose property has to be removed from the property will be responsible for removal expenses, attorney fees, storage expenses and any other costs associated with boat removal.

The Board of Directors and homeowner’s majority vote as recorded on January 22, 2009 that this document shall become an integral portion of the Master Deed and Bylaws for Seagate Horizontal Property Horizontal Regime, Inc. as recorded in the Deed Book W153 pg 735 of the RMC Office of Charleston County.

            ___________________________________                 

Seagate Horizontal Property Horizontal Regime, Inc President

PO Box 80922

Charleston, SC 29416

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1^st Witness

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2^nd Witness

STATE OF SOUTH CAROLINA

COUNTY OF CHARLESTON    
                                               

Personally appeared before me, the undersigned witness, and made oath that she saw the within named Seagate Horizontal Property Horizontal Regime, Inc, by Cindy Johnson its representative, sign, seal and as its act and deed delivered the within written instrument, and that she, with the other witness subscribed above, witnesses the execution thereof. Witness my hand and official seal this 10^th Day of February, in the year of 2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

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Notary Public - South Carolina

My Commission Expires: _______________