Resale Disclosure Certificate This Document is not to be Used as a ...
Resale Disclosure Certificate This Document is not to be Used as a ...
Resale Disclosure Certificate This Document is not to be Used as a ...
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COMMUNITY DEVELOPMENT, INC<br />
7100 MADISON AVE W<br />
GOLDEN VALLEY, MN 55427<br />
<strong>Resale</strong> <strong>D<strong>is</strong>closure</strong> <strong>Certificate</strong><br />
<strong>Th<strong>is</strong></strong> <strong>Document</strong> <strong>is</strong> <strong>not</strong> <strong>to</strong> <strong>be</strong> <strong>Used</strong> <strong>as</strong> a Closing <strong>Document</strong><br />
RESALE PROCESSING DEPARTMENT<br />
PHONE: (763) 225-6446<br />
FAX: (763) 225-6447<br />
Name of Common Interest Community: Deacon's Walk Home Owners Association, Inc.<br />
Name of Association: DEACON'S WALK HOME OWNERS ASSOCIATION, INC.<br />
Address of Association: 7100 Mad<strong>is</strong>on Ave W, Golden Valley, MN 55427<br />
Unit Address for Sale: 11229 Isanti Court NE, Blaine, MN 55449<br />
Name(s) of Seller(s): US Bank National Association<br />
Order #: N19-42200<br />
Ple<strong>as</strong>e refer <strong>to</strong> M<strong>as</strong>ter Association <strong>D<strong>is</strong>closure</strong>:<br />
Yes o No o N/A þ<br />
The following information <strong>is</strong> furn<strong>is</strong>hed by the <strong>as</strong>sociation named above according <strong>to</strong> Minnesota Statutes, § 515B.4-107<br />
1. There <strong>is</strong> no right of first refusal or other restraint on the free alienability of the above unit (s) contained in the declaration, bylaws,<br />
rules and regulations, or any amendment <strong>to</strong> them, except <strong>as</strong> follows:<br />
Yes<br />
2. The following periodic installments of common expense <strong>as</strong>sessments and special <strong>as</strong>sessments are payable with respect <strong>to</strong> the<br />
above unit(s): Are M<strong>as</strong>ter Association dues included in the following amounts? Yes o No o N/A þ<br />
0.00<br />
a. Annual Assessment amount: $208.00<br />
Installments: 2<br />
b. Special Assessment amount: $0.00<br />
Installments: N/A<br />
Due: Semi-annual-billed Jan & Jly<br />
Installment amount: $104.00<br />
Due: N/A<br />
Installment amount: $0.00<br />
c. Unpaid <strong>as</strong>sessments, fines, or other charges:<br />
(1) Regular Assessments<br />
(2) Special Assessments<br />
(3) Fines<br />
(4) Other Charges<br />
$104.00<br />
$0.00<br />
$15.00<br />
$0.00<br />
d. Is there a plan approved by the Association <strong>to</strong> levy any certain common expense <strong>as</strong>sessments against fewer than all<br />
units? If yes, a description of plan <strong>is</strong> attached. Yes o No þ<br />
3. In addition <strong>to</strong> the amounts due under paragraph 2, the following additional fees or charges other than <strong>as</strong>sessments are payable<br />
by unit owners (include late payment charges, user fees, etc.):<br />
Late fees<br />
4. There are no extraordinary expenditures approved by the <strong>as</strong>sociation, and <strong>not</strong> yet <strong>as</strong>sessed, for the current and two succeeding<br />
f<strong>is</strong>cal years, except <strong>as</strong> follows:<br />
None<br />
5. The <strong>as</strong>sociation h<strong>as</strong> reserved the following amounts for maintenance, repair, or replacement: See Financials<br />
The following portions of these reserves are designated for the following specified projects or uses:<br />
See Budget<br />
<strong>Th<strong>is</strong></strong> information <strong>is</strong> <strong>be</strong>ing provided by Community Development, Inc <strong>as</strong> a courtesy service <strong>to</strong> lenders and other real estate professionals. Although<br />
Community Development, Inc <strong>be</strong>lieves the information provided <strong>to</strong> <strong>be</strong> complete and accurate, the requesting party understands and acknowledges that<br />
th<strong>is</strong> information <strong>is</strong> subject <strong>to</strong> change without <strong>not</strong>ice and that Community Development, Inc <strong>is</strong> <strong>not</strong> responsible for any inaccurate or omitted information.<br />
1/6/2010 Portions Copyright © 2007 Community Archives<br />
Page 1 of 4
COMMUNITY DEVELOPMENT, INC<br />
7100 MADISON AVE W<br />
GOLDEN VALLEY, MN 55427<br />
<strong>Resale</strong> <strong>D<strong>is</strong>closure</strong> <strong>Certificate</strong><br />
<strong>Th<strong>is</strong></strong> <strong>Document</strong> <strong>is</strong> <strong>not</strong> <strong>to</strong> <strong>be</strong> <strong>Used</strong> <strong>as</strong> a Closing <strong>Document</strong><br />
6. The following documents are furn<strong>is</strong>hed with th<strong>is</strong> certificate according <strong>to</strong> statute:<br />
a. The most recent regularly prepared balance sheet and income and expense statement of the <strong>as</strong>sociation.<br />
b. The current budget of the <strong>as</strong>sociation.<br />
RESALE PROCESSING DEPARTMENT<br />
PHONE: (763) 225-6446<br />
FAX: (763) 225-6447<br />
7. There are no unsat<strong>is</strong>fied judgments against the <strong>as</strong>sociation, except <strong>as</strong> follows (identify credi<strong>to</strong>r and amount):<br />
None<br />
8. There are no pending lawsuits <strong>to</strong> which the <strong>as</strong>sociation <strong>is</strong> a party, except <strong>as</strong> follows (identify and summarize status):<br />
None<br />
9. Description of insurance coverage’s: (Contact insurance agent for specific property covered under policy.)<br />
a. Insurer's Name:<br />
Contact Information:<br />
Phone #:<br />
b. The <strong>as</strong>sociation provides the following insurance coverage for the <strong>be</strong>nefit of unit owners:<br />
i. Commercial General Liability?<br />
ii.<br />
iii.<br />
Property Hazard Insurance?<br />
Owners Contents Coverage?<br />
American Family<br />
Jeff Mayhew<br />
763-551-1074<br />
Yes þ<br />
Yes þ<br />
Yes o<br />
No o<br />
No o<br />
No þ<br />
Limit Amount:<br />
Limit Amount:<br />
$4,000,000.00<br />
$400,000.00<br />
c. The following descri<strong>be</strong>d fixtures, decorating items, or construction items within the unit referred <strong>to</strong> in Minnesota Statutes,<br />
section 515B.3-113, subsection (b), are insured by the <strong>as</strong>sociation (check <strong>as</strong> applicable):<br />
o Ceiling or wall fin<strong>is</strong>hing materials<br />
o Floor coverings<br />
o Cabinetry<br />
o Fin<strong>is</strong>hed millwork<br />
o Electrical or plumbing fixtures serving a single unit<br />
o Built-in appliances<br />
o Improvements and <strong>be</strong>tterments <strong>as</strong> originally constructed<br />
o Additional improvements and <strong>be</strong>tterments installed by unit owners<br />
10. The board of direc<strong>to</strong>rs of the <strong>as</strong>sociation h<strong>as</strong> <strong>not</strong> <strong>not</strong>ified the unit owner (i) that any alterations or improvements <strong>to</strong> the unit or <strong>to</strong><br />
the limited common elements <strong>as</strong>signed <strong>to</strong> it violate any prov<strong>is</strong>ion of the declaration; or (ii) that the unit <strong>is</strong> in violation of any<br />
governmental statute, ordinance, code, or regulation, except <strong>as</strong> follows:<br />
None<br />
11. The remaining term of any le<strong>as</strong>ehold estate affecting the common interest community and the prem<strong>is</strong>es governing any extension<br />
or renewal of it are <strong>as</strong> follows:<br />
N/A<br />
12. In addition <strong>to</strong> the above, the following matters affecting the unit or the unit owner's obligations with respect <strong>to</strong> the unit are<br />
deemed material.<br />
Outdoor s<strong>to</strong>rage of any recreational or mo<strong>to</strong>rized vehicle for more than 72 hours <strong>is</strong> prohibited.<br />
<strong>Th<strong>is</strong></strong> information <strong>is</strong> <strong>be</strong>ing provided by Community Development, Inc <strong>as</strong> a courtesy service <strong>to</strong> lenders and other real estate professionals. Although<br />
Community Development, Inc <strong>be</strong>lieves the information provided <strong>to</strong> <strong>be</strong> complete and accurate, the requesting party understands and acknowledges that<br />
th<strong>is</strong> information <strong>is</strong> subject <strong>to</strong> change without <strong>not</strong>ice and that Community Development, Inc <strong>is</strong> <strong>not</strong> responsible for any inaccurate or omitted information.<br />
1/6/2010 Portions Copyright © 2007 Community Archives<br />
Page 2 of 4
COMMUNITY DEVELOPMENT, INC<br />
7100 MADISON AVE W<br />
GOLDEN VALLEY, MN 55427<br />
<strong>Resale</strong> <strong>D<strong>is</strong>closure</strong> <strong>Certificate</strong><br />
<strong>Th<strong>is</strong></strong> <strong>Document</strong> <strong>is</strong> <strong>not</strong> <strong>to</strong> <strong>be</strong> <strong>Used</strong> <strong>as</strong> a Closing <strong>Document</strong><br />
RESALE PROCESSING DEPARTMENT<br />
PHONE: (763) 225-6446<br />
FAX: (763) 225-6447<br />
NOTE: A copy of the condominium plat and any amendments thereof are available in the office of the <strong>as</strong>sociation for<br />
inspection.<br />
I hereby certify that the foregoing information and statements are true and correct <strong>as</strong> of<br />
By:<br />
Barbara Willeford<br />
(Association Representative)<br />
Its:<br />
01/06/2010<br />
(Date)<br />
Managing Agent<br />
(As Directed by the Board)<br />
<strong>Th<strong>is</strong></strong> information <strong>is</strong> <strong>be</strong>ing provided by Community Development, Inc <strong>as</strong> a courtesy service <strong>to</strong> lenders and other real estate professionals. Although<br />
Community Development, Inc <strong>be</strong>lieves the information provided <strong>to</strong> <strong>be</strong> complete and accurate, the requesting party understands and acknowledges that<br />
th<strong>is</strong> information <strong>is</strong> subject <strong>to</strong> change without <strong>not</strong>ice and that Community Development, Inc <strong>is</strong> <strong>not</strong> responsible for any inaccurate or omitted information.<br />
1/6/2010 Portions Copyright © 2007 Community Archives<br />
Page 3 of 4
COMMUNITY DEVELOPMENT, INC<br />
7100 MADISON AVE W<br />
GOLDEN VALLEY, MN 55427<br />
<strong>Resale</strong> <strong>D<strong>is</strong>closure</strong> <strong>Certificate</strong><br />
<strong>Th<strong>is</strong></strong> <strong>Document</strong> <strong>is</strong> <strong>not</strong> <strong>to</strong> <strong>be</strong> <strong>Used</strong> <strong>as</strong> a Closing <strong>Document</strong><br />
RECEIPT<br />
RESALE PROCESSING DEPARTMENT<br />
PHONE: (763) 225-6446<br />
FAX: (763) 225-6447<br />
In addition <strong>to</strong> the foregoing information furn<strong>is</strong>hed by the <strong>as</strong>sociation, the unit owner <strong>is</strong> obligated <strong>to</strong> furn<strong>is</strong>h <strong>to</strong> the purch<strong>as</strong>er <strong>be</strong>fore<br />
execution of any purch<strong>as</strong>e agreement for a unit or otherw<strong>is</strong>e <strong>be</strong>fore conveyance, copies of the following documents relating <strong>to</strong> the<br />
<strong>as</strong>sociation or <strong>to</strong> the m<strong>as</strong>ter <strong>as</strong>sociation (<strong>as</strong> applicable): the declaration (other than any common interest community plat), articles<br />
of incorporation, bylaws, rules and regulations (if any), and any amendments <strong>to</strong> these documents. Receipt of the foregoing<br />
documents, and the resale d<strong>is</strong>closure certificate, <strong>is</strong> acknowledged by the undersigned buyer(s).<br />
Dated:<br />
Dated:<br />
(Buyer)<br />
(Buyer)<br />
<strong>Th<strong>is</strong></strong> information <strong>is</strong> <strong>be</strong>ing provided by Community Development, Inc <strong>as</strong> a courtesy service <strong>to</strong> lenders and other real estate professionals. Although<br />
Community Development, Inc <strong>be</strong>lieves the information provided <strong>to</strong> <strong>be</strong> complete and accurate, the requesting party understands and acknowledges that<br />
th<strong>is</strong> information <strong>is</strong> subject <strong>to</strong> change without <strong>not</strong>ice and that Community Development, Inc <strong>is</strong> <strong>not</strong> responsible for any inaccurate or omitted information.<br />
1/6/2010 Portions Copyright © 2007 Community Archives<br />
Page 4 of 4