DEFINITIONS

A Condominium is individual ownership of a single unit in which the purchaser owns that unit and an undivided interest in the balance of the common property.

A unit is roughly defined as the space bounded by the roof, the basement slab top surface and the walls from the unfinished surface inward including all doors and windows.

Common Property is all property and facilities within the borders, excluding the individual units and is owned by the unit owners in a percentage based upon the size, type and location of their unit.

Limited Common Property is that portion of the common property, which is reserved for the exclusive use of the unit owner (but not individually owned). This includes, for example, the assigned garage, original decks and patios.

A condominium development starts with the builder adopting a set of bylaws and filing them with the County Recorder, along with the articles of incorporation for the condominium association. These documents provide the details of the obligations, responsibilities, rights and privileges of the individual condominium owners and of the governing body (Board of Managers). The Board of Managers is comprised of 10 resident owners elected by the condo owners to serve two year terms without any form of remuneration. The elected Board of Managers is responsible for overall maintenance and operation of the property, policies, long-range planning and rules and regulations within the limits allowed by the bylaws. They also employ a maintenance manager to assist in the details of the day-to-day operation. Budgets to cover the operation, maintenance and other costs to the association are established by the Board of Managers and converted into dues or assessments, payable by the unit owner on the same basis used to determine percentage ownership of the common property. Late payment or non-payment of dues or assessments will result in a late payment fee, lien or even foreclosure as a last resort. The money collected as dues and assessments is used to cover such things as maintenance of roads, landscaping and grounds care, water and sewer, fire protection and safety, legal costs, insurance, administration, pool costs, outside lighting and other expenses associated with the operation of the property, as well as maintenance of units as follows:

Maintenance of Units and limited common property is divided between the Unit Owner and the Association. The appendix below gives a broad overview of the details of some of these divisions commonly encountered. Residents must call the Maintenance Number to report any unit requests. Corrective response is usually prompt, but is prioritized. Safety is first, threat to unit damage is second, reduced usability of the unit's facilities is next. Preventative maintenance, improvement of facilities, appearance or budgeted items are addressed on a "worst first" basis to the extent budgeted.

Pool rules and regulations, hours, amenities and event schedules are posted at the pool or circulated as flyers. The pool is for residents and their accompanying guests only, and authorization is required for entry.

The Board of Managers encourages and supports deck and patio improvements. For the purpose of control and preservation of property value, restrictions apply.