. JULY 8, 2003

PHASE TWO Budget for first year of Fort Scott Estates HOA Nov. 1,2003 to Dec. 31, 2004

I * Management fee 11/1/03 to 12/31/04 developer will be handled at no cost to HOA


* Repairs and Maintenance 11/1/03 to 12/31/04 developer will be responsible for
all repairs and maintenance at no cost to

* Projected Expenses
Electric for common area and security lighting
Snow removal from sidewalks, driveways and parking lots Yard mowing and trimming
Refuse removal
Insurances
Liability for common areas
Fire for entire exterior of main building and garages
Legal fees for HOA
Accounting for HOA
i Real estate taxes for common property
* Real estate taxes for Town home owner (listed separately)

TOTAL

Reserves


Roof replacement 30 year warranty

Paved area sealing every 10 years

 

TOTAL
$0.00
$0.00
$1,022.00
$1,600.00
$1,600.00
$2,450.40
$1,300.00
$3,600.00
$250.00
$1,000.00
$0.00
 
$12,822.40

$685.71
$360.00
$1,045.71