8.1 Purpose. In order that the Board may be advised in its ongoing decision-making regarding the Project and the Property, the Board may institute various advisory committees responsible for advising the Board on specific projects, strategies, and procedures (each, an "Advisory Committee").

    8.2 Creation. Each Advisory Committee shall consist of at least one (1) person, the majority of which shall constitute a quorum, and the concurrence of the majority shall be necessary to carry out the provisions applicable to that particular Advisory Committee. In the event of death or resignation of any member of an Advisory Committee, the Board shall have full authority to appoint another person to fill the said vacancy. The term for each Advisory Committee member shall be set forth by the Board at the institution of that particular Advisory Committee. All members of any Advisory Committee must be Owners at the time of their appointment. Should any Advisory Committee member move his or her residence outside of the Project, such member shall automatically be deemed to have resigned and the Board may designate a new Committee member as a replacement.

     8.3 Powers. Each Advisory Committee is hereby authorized to perform (or to retain the services of one or more consultants to advise and assist that particular Advisory Committee in performing) the functions prescribed by the Board. The Board shall, concurrently with its appointment of an Advisory Committee, provide that particular Advisory Committee with an "Appointment Statement" which sets forth the Advisory Committee's term (e.g., perpetual, for a term of months/years, or ad-hoc for the duration of a specific project or task), job description, goal and mission statement, and any relevant timetables. Each Advisory Committee shall make recommendations to the Board in the manner requested by the Board and according to the timetable set forth by the Board.