IDLEWILD AT VERANDAH

Transcription

1 IDLEWILD AT VERANDAH Application for Sale Idlewild Address: Date of Application: Unit Owner Name: PLEASE NOTE: Prior approval by the Board of Directors is required before any unit can be occupied. A check to cover the required $100 fee must be provided by the Unit Owner and accompany this application. A copy of the Sale Contract must be attached. Checks must be made payable to: IDLEWILD AT VERANDAH CONDO ASSOCIATION and returned with this application to: Vesta Property Services, Bay Landing Dr Ste 4, Bonita Springs, FL Buyer Information (PLEASE PRINT) Applicant s Name: Present Address: Phone No. Home: Business: Cell: Address: Others who will occupy unit: Name: Relationship: Name: Relationship: Details of any pets: Vehicles: Make, Model & Year Lic.Plate# Make, Model & Year Lic.Plate# Please note that in accordance with the governing documents, trucks (including pick-ups), must be kept in the garage Personal References/ Name & Phone No. 1) 2) Contact Name (in case of emergency): Phone: 1

2 Address for mailing of association notices, etc., after closing: Title Company Name: Closer s Name: Telephone No.: The undersigned authorizes the Board of Directors and the Agents of the Board of Directors of the IDLEWILD AT VERANDAH Condominium Association, Inc. to obtain any and all background information relating to the undersigned and further authorizes any and all of the undersigned s creditors and credit bureaus to release any and all of the undersigned s credit history to the Idlewild at Verandah Condominium Association, Inc. The undersigned certifies that all the information provided above as well as the references set forth above are true and correct and that the occupancy of the above unit is upon the accuracy of said information and that removal proceedings may result against the undersigned should it be established that any of said information is not true and correct. The undersigned certifies by the undersigned s signature(s) that the Rules & Regulations of the IDLEWILD AT VERANDAH CONDOMINIUM ASSOCIATION, INC. have been read in their entirety and understood and agrees to abide by them before entering into any agreement for the lease or purchase of the above unit and before the execution of this application form. A remainder of those issues of importance to unit owners and renters is attached hereto. NOTE: The Rules & Regulations represent supplemental restrictions, policy statements and resolutions of procedure authorized by the By Laws of IDLEWILD AT VERANDAH CONDOMINIUM ASSOCIATION. A prospective purchaser should refer to all of the governing condominium documents existing at the time this application form is executed by the undersigned. Applicant s Signature: Date: Unit Owner/Agent Signature: Date: Reminder: A copy of the fully executed sale contract must be attached. The Board of Directors will not consider incomplete applications. Return all documents to: IDLEWILD AT VERANDAH CONDOMINIUM ASSOCIATION c/o Vesta Property Services, LLC Bay Landing Drive, Suite 4 Bonita Springs, FL Phone: Fax: Approved: Date: 2

3 PET REGISTRATION FORM for IDLEWILD AT VERANDAH (Attach photo of pet here) DATE OF APPLICATION: RESIDENT S NAME (applicant): ADDRESS: UNIT # HOME PHONE: TYPE OF PET: AGE OF PET: PET NAME: VET S NAME WORK/CELL PHONE EXACT PRESENT WEIGHT: FULL GROWN WEIGHT: BREED/COLOR: PHONE: I understand that any falsification of information or failure to register my pet may result in the denial of approval by the Board. I further understand that I am fully responsible for the actions of my pet and have read the Rules and Regulations regarding the control of my pet. Photo of pet included (check one): YES NO If not, I understand that a photo of my pet needs to be registered with the Association. Signature of Owner Association Approval Print Name Approval Denied Please mail or fax the completed application to: Vesta Property Services Bay Landing Drive Ste. 4 Bonita Springs FL Fax:

4 IDLEWILD AT VERANDAH CONDOMINIUM ASSOCIATION, INC Q&A Q: What are my voting rights in the condominium association? A: Each unit is entitled to one (1) vote. Q. What restrictions exist in the condominium documents on my right to use my unit? A: The units are for single-family residences only. Homeowners are not allowed to keep a domestic pet (i.e., dogs, cats, and birds) without the prior written permission of the board. Under any circumstances may any breed of dog commonly known as a bit bull be permitted on any portion of the property. Any pet must be carried or kept on a leash when outside of a home or fenced-in area. No pet shall be tied outside of a home or kept in any screened lanai unless someone is present in the home. A homeowner shall immediately pick up and remove any solid waste deposited by his or her pet. There are other use restrictions that may be important to any specific owner, and all restrictions should be reviewed carefully. (See Declaration of Condominium Section 17 and all amendments thereto.) Q: What restrictions exist in the condominium documents on the leasing of my unit? A: A unit may not be leased for a period of less than thirty (30) days nor more than three (3) times per calendar year. See Declaration of Condominium Section Q: How much are my assessments to the condominium association for my unit type and when are they due? A: Assessments are due quarterly, 1/1, 4/1, 7/1, 10/1. $1, maintenance per quarter. Q: Do I have to be a member in any other association? If so, what is the name of the association and what are my voting rights in this association? Also, how much are my assessments? A: Yes, Verandah Community Association. Call Assessments are paid directly to Verandah. The master is developer owned. There are three directors: two from Bonita Bay and one from Verandah. Q: Am I required to pay rent or land use fees for recreational or other commonly used facilities? If so, how much am I obligated to pay annually? A: No. Q: Is the condominium association or other mandatory membership association involved in any court cases in which it may face liability in excess of $100,000.00? If so, identify each such case. A: No. THE STATEMENTS CONTAINED HEREIN ARE ONLY SUMMARY IN NATURE. A PROSPECTIVE PURCHASER SHOULD REFER TO ALL REFERENCES, EXHIBITS HERETO, THE SALES CONTRACT, AND THE CONDOMINIUM DOCUMENTS.

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11 IDLEWILD AT VERANDAH CONDOMINIUM For the Period January 1, 2018 through December 31, 2018 Approved Budget Units Income 2017 BUDGET ACTUAL 09/30/17 ESTIMATED 3 MONTHS 2017 ESTIMATED YEAR END BUDGET Operating Assessments 375, ,315 93, , , Reserve Assessments 72,913 54,685 18,228 72, , Prior Year Surplus , Rock Install Income - 5,950 1,983 7, Gate Remote Income Miscellaneous Income Late Charges - 1, , Owners Interest/LF Charges Lease Application Fees - 1, , Purchase Application Fees , Interest Income - Checking Interest Income - Reserves - 2, ,918 - Total Income 448, , , , ,000 Expenses Maintenance 501 Pest Control 19,305 13,978 4,659 18,637 17, Repairs/Maintenance 22,500 8,358 2,786 11,144 22, Pool Maintenance 11,700 8,775 2,925 11,700 11, Pool/Spa Repairs 3,000 1, ,015 3, Pool Deck/Amenity 3,000 3,643 1,214 4,858 3, Dryer Vent Cleaning , Roof Repairs 15,000 4,409 1,470 5,878 18, Irrigation Repairs & Maint. 4,000 4,758 1,586 6,344 16, Janitorial Service 2,920 2, ,891 3, Building/Janitorial Supplies Exercise Equipment Maint Pressure Cleaning 3, , Contingency , Hurricane Expenses - 17,363 10,000 27,363 - Utilities 520 Electricity - Street Lights 1,900 1, ,994 2, Electricity 11,000 8,859 2,953 11,811 12, Irrigation Water 14,000 13,967 4,656 18,623 18, Telephone 1, ,057 1, Water & Sewer 51,000 28,784 9,595 38,379 40,000 Management & Administration 534 Management Fee 19,865 14,899 4,966 19,865 20, Postage & Office Expense 4,989 2, ,301 4, Bad Debt Expense Background Checks , Social Taxes & Licenses 2,400 2,655-2,655 2, Property Insurance 56,000 34,622 11,541 46,162 50, Insurance - Flood 29,500 25,604 8,535 34,139 38, Collection Fees Professional & Legal Fees 2,000 (606) - (606) 2, Accounting/Audit Fees to Division Corporate Annual Fee Annual Party Landscape 581 Grounds Maint. Contract 59,801 45,001 15,000 60,001 60, Mulch/Grounds Maint - Common 6, ,307 12, Plant/Turf Replacement 22,000 17,143 5,714 22,858 27, Lanai Rock Install - 5,950 1,983 7, Tree Trimming/Replacement 6,000 4,530 1,510 6,040 11,700 Total Operating Expenses 375, ,654 95, , ,854 Transfer Interest to Reserves - 2, ,918 - Reserve Funding 72,913 54,685 18,228 72, ,146 Total Common Expenses 448, , , , ,000 Net Income/(Expense) - 17,832 2,436 20, Idlewild Budget - Proposed 2/3/2018

12 IDLEWILD AT VERANDAH CONDOMINIUM Budget Reserves For Capital Expenditure And Deferred Maintenance For the Period January 1, 2018 through December 31, 2018 Approved Budget Units Current /30/2017 Add'l Estimated Annual Board 2/3/2018 Estimated Estimated Estimated Current Reserve Reserve Additional Funding Approved Life When Replacement Remaining Reserve Funding Balance Reserves Required Funding Item New (Years) Cost Life (Years) Balance 12/31/2017 1/1/2018 Required Common Areas Paving 25 $ 57, , ,694 36,306 3,026 3,026 Pavers 35 $ 84, , ,005 62,995 2,863 2,863 Pool 15 $ 15, , ,798 4,202 2,101 2,101 Pool Furniture and Amenity 7 $ 15, , ,634 9,366 3,122 3,122 Uninsurred Loss 0 $ 50, ,000 50,000 50,000 Unallocated Interest 8, , Subtotal 221,000 64,237 3,578 67, ,869 61,112 61,112 Total All Phases Roof 25 $ 1,135, ,962 9, , ,343 41,695 41,695 Paint 7 $ 110, ,306 3,747 30,053 79,947 15,989 15,989 Pressure Clean 3 $ 25, ,463 2,188 13,651 11,349 11,349 11,349 Subtotal 1,270, ,732 15, , ,639 69,034 69,034 Total $ 1,491,000 $ 726,968 $ 19,208 $ 746,176 $ 754,508 $ 130, ,146 WAIVING OF RESERVES, IN WHOLE OR IN PART, OR ALLOWING ALTERNATIVE USES OF EXISTING RESERVES MAY RESULT IN UNIT OWNER LIABILITY FOR PAYMENT OF UNANTICIPATED SPECIAL ASSESSMENTS REGARDING THOSE ITEMS Idlewild Budget - Proposed 2/3/2018

13 IDLEWILD AT VERANDAH CONDOMINIUM Reserve & Operating Assessment Schedules For the Period January 1, 2018 through December 31, 2018 Approved Budget 2018 ANNUALLY QUARTERLY OPERATING ASSESSMENT $ 2, $ RESERVE ASSESSMENT $ 1, $ TOTAL: $ 4, $ 1, Figures For Reference ANNUALLY QUARTERLY Operating Assessment $ 3, $ Reserve Assessment $ $ $ 4, $ 1, FUNDING SCHEDULE TOTAL EXPENSES $ 538,000 BUDGETED RESERVES $ 130,146 # Units 112 OTHER INCOME $ 90,000 OPERATING ASSESSMENTS REQUIRED $ 317,854 Contracts Vendor 0 Amount Management Vesta Property Services 0 $ 20, Landscape Personnel Touch 0 $ 60, Termite and Pest Blue Sky 0 $ 17, Fire Control Superior Fire 0 $ 3, Cleaning Crystal Clean 0 $ 3, Pool Genter 0 $ 11, Idlewild Budget - Proposed 2/3/2018

14 Run Date: 01/25/18 Page: 1 Run Time: 12:20 AM IDLEWILD AT VERANDAH Balance Sheet As of 12/31/17 Account Description Operating Reserves Other Totals ASSETS Operating Bank Accounts 148 ALLIANCE OP , , BANKUNITED OPERATE , , VNB MONEY MARKET , , , , Reserve Assets: 175 BANKUNITED RESERVES , , BANKUNITED ICS RESERVE , , EVERBANK RESERVE MMKT , , EVERBANK RES CD 8/19/19 2.3% 161, , EVERBANK RES CDARS /18 15, , SSFCU RES SAVINGS SSFCU RES CKG 50 13, , SSFCU RES MMKT 68 30, , SSFCU RES CD 4/7/ % 103, , , , Accounts Receivable 112 A/R - OWNER ASSESSMENTS A/R OWNER INTEREST CHARGES Other Assests 122 PREPAID INSURANCE 62, , PREPAID EXPENSES , , TOTAL ASSETS 406, , ,156, =============== =============== =============== ===============

15 Run Date: 01/25/18 Page: 2 Run Time: 12:20 AM IDLEWILD AT VERANDAH Balance Sheet As of 12/31/17 Account Description Operating Reserves Other Totals LIABILITIES & EQUITY CURRENT LIABILITIES: 207 PREPAID ASSESSMENTS 35, , ACCOUNTS PAYABLE 10, , Subtotal Current Liab. 45, , Reserve Funds 301 RESERVE - PAVING 20, , RESERVE - ROOF 634, , RESERVE - PAINT 30, , RESERVE - PRESSURE CLEAN 13, , RESERVE - POOL 10, , UNALLOCATED RESERVE INTEREST 13, , RESERVE: PAVERS 21, , RESERVES: POOL FURNITURE 5, , , , EQUITY: 350 OWNERS EQUITY 356, , Current Year Net Income/(Loss) 4, , Subtotal Equity 360, , TOTAL LIABILITIES & EQUITY 406, , ,156, =============== =============== =============== ===============

16 Run Date: 01/25/18 Page: 1 Run Time: 12:20 AM INCOME: IDLEWILD AT VERANDAH Income/Expense Statement Period: 12/01/17 to 12/31/17 Current Period Year-To-Date Yearly Account Description Actual Budget Variance Actual Budget Variance Budget OPERATING ASSESSMENTS 31, , (.13) 375, , (2.00) 375, RESERVE ASSESSMENT , , , ROCK INSTALL INCOME , , GATE REMOTE INCOME LATE CHARGES , , OWNERS INTEREST CHARGES LEASE APPLICATION FEES , , PURCHASE APPLICATION FEES INTEREST INCOME INTEREST - RESERVES 3, , , , Subtotal Income 35, , , , , , , EXPENSES MAINTENANCE PEST CONTROL CONTRACT 1, , (301.03) 19, , , REPAIRS & MAINTENANCE 6, , (4,843.13) 15, , , , POOL MAINTENANCE , , , POOL/SPA REPAIRS (60.00) 1, , , , POOL DECK/AMENITY (45.74) 4, , (1,047.59) 3, ROOFING REPAIR.00 1, , , , , , IRRIGATION REPAIRS & MAINT. 6, (5,698.60) 11, , (7,325.87) 4, JANITORIAL SERVICE (6.63) 2, , , BUILDING/JANITORIAL SUPPLIES (96.22) (136.45) EXERCISE EQUIPMENT MAINT PRESSURE CLEANING 3, (2,813.37) 3, , , HURRICANE EXPENSE (664.95) 29, (29,076.87).00 MAINTENANCE 20, , (13,206.79) 104, , (19,121.09) 85, UTILITIES ELECTRICITY - STREET LIGHTS (9.37) 1, , (98.97) 1, ELECTRIC 1, (244.73) 11, , (963.98) 11, MASTER IRRIGATION WATER , , , (2,931.70) 14, TELEPHONE (3.58) 1, , (55.96) 1, WATER & SEWER 4, , , , , , UTILITIES 6, , (10.20) 72, , , ,900.00

17 Run Date: 01/25/18 Page: 2 Run Time: 12:20 AM ADMINISTRATIVE IDLEWILD AT VERANDAH Income/Expense Statement Period: 12/01/17 to 12/31/17 Current Period Year-To-Date Yearly Account Description Actual Budget Variance Actual Budget Variance Budget MANAGEMENT FEE 1, , (.04) 19, , (.04) 19, OFFICE EXPENSES , , , , CRIMINAL RECORDS CHECKING (78.37) (400.00) SOCIAL (159.55) TAXES LICENCES & DUES , , (255.35) 2, PROPERTY INSURANCE 3, , , , , , INSURANCE - FLOOD 2, , , , (3,436.08) 29, COLLECTION FEES PROFESSIONAL & LEGAL FEES (605.55) 2, , , FEES TO DIVISION CORPORATE ANNUAL FEE (.25) ANNUAL PARTY ADMINISTRATIVE 8, , , , , , , LANDSCAPE GROUNDS MAINT CONTRACT 4, , , , , GROUNDS MAINT - COMMON , , (1,293.20) 6, PLANT REPLACEMENT 5, , (3,904.41) 22, , (928.67) 22, LANAI ROCK INSTALL , (5,950.00) TREE TRIMMING/REPLACEMENT , , , , LANDSCAPE 10, , (2,721.93) 99, , (5,774.59) 93, RESERVE FUNDING RESERVE - PAVING/RESURFACE , , , RESERVE: ROOF , , , RESERVE: PAINTING , , , RESERVE: PRESSURE CLEAN , , , RESERVE: POOL , , , RESERVE INTEREST 3, (3,970.17) 7, (7,592.02) RESERVE: PAVERS , , , RESERVE: POOL FURNITURE , , , RESERVE FUNDING 3, (3,970.17) 80, , (7,592.02) 72, TOTAL EXPENSES 49, , (18,587.41) 463, , (15,530.97) 448, Current Year Net Income/(loss (13,807.30) (13,849.79) 4, , ============== ============== ============== ============== ============== ============== ==============