To approve a special levy, the condominium board passes a resolution, which must set out the following information: the purpose of the levy the total amount to be levied the method for calculating the special levy the date by which the levy or installments are to be paid As soon as possible after passing the resolution, the board must inform owners of the following information: the purpose of the levy the total amount of the levy the method for calculating each unit’s share of the levy the amount of the owner’s unit’s share of the levy the date by which the levy or installments are to be paid If the amount collected exceeds the amount required or is not fully used for the purpose in the resolution, then the corporation must pay the money into the reserve fund.