Special Assessments for Capital Improvements. In addition to the
annual assessments authorized above, the Association may levy in any
assessment year, a special assessment applicable to that year only, for
the purpose of defraying in whole or in part the cost of any
construction or reconstruction, unexpected repair or replacement of a
described capital improvement upon the Common Area, including the
necessary fixtures and personal property related thereto, provided
that, except for repairs or replacements, any such assessment for
structural alterations, capital additions, or capital improvements
reflecting an expenditure a common expense of in excess of $500
$20,000 annually shall require the assent of an absolute majority of the
votes of all members who are voting in person or by proxy at a meeting
duly called for this purpose, written notice of which shall be sent to all
members not less than thirty (30) days nor more than sixty (60) days in
advance of the meeting setting forth the purpose of the meeting.
Developer shall be entitled to one (1) vote only, without respect to the
number of lots owned, when voting in favor of a special assessment.

$20,000 annually? No way in hell! Maybe a one time expense of $20k, but not annually!

Vote No!