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Welcome to Foxmoor Community Site
Welcome to the Web site specifically for Foxmoor residents.
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Foxmoor Condo Owners,
Please review the attached amendment. Currently a $200Capital Funding Fee is collected at closing on each initial (from developer)condo sale. This amendment states the $200 Capital Funding Fee will be collected at closing on each sale including resales and paid by each new buyer. This will be additional funds that will go into the Reserve Account for future reserve expenses.
Please let us know if you have any questions. If you are in agreement, please sign page 4 and return to the clubhouse. You will need to sign as your name appears on your deed and also print your name and street address. If you do not have the legal unit number from your deed,we can fill that portion in.
Foxmoor Condo Owners,
This email is a follow up to the one originally sent regarding the amendment to change how the insurance deductible on the HOA Master Insurance policy is applied. If you have already signed and returned Exhibit A for this amendment, please disregard.
We understand the actual amendment is wordy and could certainly be explained in simple terms. Please see bullet points below and let us know if you have additional questions.
· The current declaration reads that any unit owner who sustains damage that results in a claim on the HOA Master Policy is responsible for the insurance deductible which is currently $2500.
· The attached amendment will change that so if the damage is a result of negligence or failure to properly maintain a water-heater/appliance/etc, the deductible falls on the unit owner who caused the damage.
· If no unit owner is responsible (for example an act of Mother Nature), the deductible is split pro-rata based on the repair costs.
If you agree to the change, please sign page 4 (Exhibit A) and return to the clubhouse. We need 67% of the owners signatures in order to record the amendment.