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Condo Fee & Assessment Breakdown

 

This section is intended to communicate the value of what each condominium owner receives in exchange for the respective, and continuous, financial contribution made to the condominium’s collective fund. The table below neatly displays expenses that have been deemed to be common, and are arranged by category: Administrative (also includes financial and legal), Services, and the Preservation of the Common Property (maintenance, repairs, and improvements). While the individual items may vary from time to time, with elements if interest deleted or added depending upon the collective need, the listing as a whole serves to communicate the comprehensiveness of our management plan.

Please note that while the content in the table below is impressive in its extensiveness, the table itself remains static. It is only during the Orientation Meeting with prospective buyers where the actual management and common property preservation plan can be demonstrated fully into action. During the Orientation Meeting, prospective buyers (on their way to becoming owners) are able to appreciate the mechanism of how the system of formulated ledgers serves to accurately forecast, support, and develop the budget, such that each line item is cared for in a timely manner and funds are always available for their successful completion.

From time to time, the Board of Directors also selects some minor projects on the list to be completed through owner volunteers. When projects can be accomplished through volunteer work, the money saved is set aside towards more important line items that cannot be accomplished without professional contractors. This also helps to bring the community together and socialize.

INCLUDED IN YOUR MINIMUM MONTHLY PAYMENT

ADMIN

SERVICES

 

COMMON PROPERTY PRESERVATION 

   

 

MAINTENANCE

REPAIRS

IMPROVEMENTS

Administrative Assistance Building Insurance Paint: Trash Container Roofing & Front Stoop Awnings New Roofing System
Bookkeeping Cable TV Paint: Entrance Sign Gutter & Downspout
 
New Gutter & Downspouts System
Office Copies Refuse Removal Paint: Wood Fencing Vinyl Siding New Vinyl Siding
Office Postage Recycling Program Paint: Stucco & Concrete Surfaces *Minor Window repairs (not to screens) New Windows 
Bank Checks Purchase Electricity to the parking lot arena Paint: Deck Wood Structures *Minor Front Door repairs + touch ups New Front Doors 

 

Bank Service Charges
 
Pest Control:
General Prevention & Eradication
Paint: 13 Parking Light FIXTURES *Minor Sliding Door repairs New Sliding Doors
Tax Preparation Pest Control: Termite Inspections & Eradication Paint: 12 Parking Light POSTS Decking Systems (Azek, wood structures) New Decks
Legal
 
Landscaping Maintenance Paint: Deck Lights Divider Fences New Divider Fences
Insurance Deductible Snow Removal Paint: Mailboxes Vinyl Railings
 
New Vinyl Railings 
Bank Debt Service Paint: Address Plates 13 Parking Light FIXTURES New Parking Light FIXTURES 
Large Tree Pruning & Removal 12 Parking Light POSTS  New Parking Light POSTS 
Gutter Cleaning Electric Repair to Common Lighting System Electrical System Overhaul 

 

Caring for Daylight Pipe Extenders Entrance Sign New Entrance Sign 
Replacing Vent Caps Asphalt New Retaining wall and concrete steps Installation
Building Caulking Concrete Patios, Walks, Curbs, Sidewalk New Underground Drainage Pipes
 
Wall + Concrete Crack Filling Retain Wall & Step Repair Landscape construction
Masonry Under Ground Drain Sections New Back Deck porch lights
Parking Lot Light
Bulbs + Sensor Replacement
New Front Porch Lights
Pressure Washing Building New Address Plates
Cleaning of Drains New Mailboxes
Asphalt Sealing
Asphalt Crack Sealing
Refreshing Parking Line Stripping
Caring for and Replacing Storage Shed
* The Association does its best to include caulking, and perhaps some minor repairs if conditions are repeated elsewhere on the property. The Association does NOT repair screens or broken items, such as glass or brass door handles. Unit owners should have warranties in place for such occurrences.