Initiation Fee. Upon the conveyance of ownership of a Unit, including all resales, an initiation fee shall become due and payable to the Association by each new Owner. The amount of the initiation fee shall be Five Hundred Dollars ($500.00), to be paid immediately upon the conveyance of ownership. The Board may periodically adjust the amount of the initiation fee. Such adjustments shall not exceed ten (10) percent annually.
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U.S. steel shipments have dipped slightly from 2012 levels, according to the American Iron and Steel Institute. U.S. steel imports, for all steel products, were worth $26.6 billion from January 2013 to November 2013, according to U.S. Census Bureau statistics. China has a healthy steel surplus, which it ships off to countries including South Korea and Southeast Asian countries, according to the U.S. Department of Commerce.