SectionName
Projected Fees for first year of operation
| Monthly | Annual | |||
|---|---|---|---|---|
| Community Association Fees (All Owners) |
Common Facilities Maintenance |
$76.00 | 60% | |
| Garbage Disposal | $37.00 | 29% | ||
| Water System, Testing & Maintenance | $13.00 | 10% | ||
| $126.00 | $1,512.00 | |||
| Condominium Association Fees (Condominium Owners Only) |
||||
| Building Exterior Maintenance | $25.00 | 20% | ||
| Landscape Maintenance & Snow Removal | $65.00 | 51% | ||
| Reserve Fund | $37.00 | 29% | ||
| $127.00 | $1,524.00 | |||
| TOTAL CONDOMINIUM OWNER FEES | $253.00 | $3,036.00 | ||
Note: Community Association and Condominium Association fees are estimated for the first year of operation on a "best effort" basis using current informaion. The associations will come into effect upon reaching 90% occupancy of the community and each condominium building respectively. Until that time BK Hill, LLC will collect the fees and manage the Property on behalf of the owners. After the respective associations are formed and boards of directors are elecvted then the respective associations will each collect their own fees for payment to BK Hill, LLC who will continue to manage the property.