COMMON INTEREST COMMUNITY RESALE DISCLOSURE ...

COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE
Name of Common Interest Community: Creekside of Plymouth Homeowners Association
Name address of association management company for contact:
Cities Management
2100 Summer St. NE
Suite 280
612-381-8600
info@citiesmanagement.com
Unit Number(s) (include principal unit and any garage, storage or other auxiliary unit(s), if applicable):
3956 Orchid Lane North Plymouth MN 55446
The following information is furnished by the association named above in according to Minnesota Statute,
section 515B.4-107.
1. There is no right of first refusal or other restraint on the free alienability of the above unit(s) constrained in
the declaration, bylaws, rules and regulations or any amendment to them, except as follows: Yes
2. The following periodic installments of common expense assessments and special assessments are payable
with the respect to the above unit(s).
a. Annual assessment is: $2,880.00 annual, payable mothly in the amount of $240.00
b. Special Assessments (Approved, pending or in progress): None
c. Unpaid assessments, fines, and other changes: 800.00
Note: Amounts in parenthesis indicate a credit on the seller's account.
Please contact Client Services one day prior to closing for final balance due.
d. The association Has not approved a plan for levying certain common expense assessments against fewer
than all the units according to Minnesota Statutes, section 515B.3-115, subsection, (e).
3. In addition to the amounts due under paragraph 2, the following additional fees or charges other than
assessments are payable by the unit owners: None
Move in/ Move out Fees: None
4. There are no extraordinary expenditures approved by the association, and not yet assessed, for the current
and the two succeeding fiscal years, except as follows: None
Please contact your Client Services if you have further questions.
5. The association has reserved the following amounts for maintenance, repair or replacement:
See the attached Balance Sheet
The following portions are furnished with this certificate according to the specified projects or uses:
See item #4 and Balance Sheet above.
6. The following documents are furnished with this certificate according to the statute:
a. The most regularly prepared balance sheet and income and expense statement of the association.
b. The current budget of the association. See the attached Income Statement.
7. There are no unsatisfied judgements against the association, except as follows (identify creditor and
amount): None
8. There are no pending lawsuits to which the association is a party, except as follows (identify and summarize
status): No
9. Description of insurance coverage:
a. The association provides the following insurance coverage for the benefit of the unit owners:(Buyer and
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their respective agent are encouraged to refer to the insurance section of the Common Interest Community
documents including the Declaration, Bylaws and Rules and Regulations).
b. The following described fixtures, decorating items, or construction items within the unit referred to in
Minnesota Statutes, section 515B.3-113, subsection (b) are insured by the association:
See attached Summary of Insurance.
10. The board of directors of the association has not notified the unit owners (i) that any alterations or
improvements to the unit or to the limited common elements assigned to it violate any provisions of the
declaration or (ii) that the unit is in violation of any governmental statute, ordinance, code or regulation,except
as follows: N/A
11. The remaining term of any leasehold estate affecting the common interest community and the premises
governing any extensions or renewal of it are as follows: Fee simple
12. In addition to the above, the following matters affecting the unit or the unit owner's obligations with respect
to the unit are deemed material: None reported
13. The Association assessments include: Trash, management, maintenance, lawn/snow, reserves
14. The Association recommends owners to purchase an HO-6 insurance policy
I hereby certify that the foregoing information and statements are true and correct as of July 27, 2010.
Cities Management
Title: Agent for the Association
Address:
2100 Summer St. NE
Suite 280
Minneapolis, MN 55413
While we make every attempt to provide accurate informationas stated herein, we do not guaranty its
accuracy and you agree by your use of this information that we cannot be held liable for mistakes. The
information contained herein is subject to change at any time; you are cautioned to check for new information
frequently. Your reliance upon this information is at your own risk. If you have any question about this
document, please contact our Client Services Dept. at 612-381-8600.
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Please detach and return form to your management company.
RECEIPT
In addition to the following information furnished by the association, the unit owner is obligated to furnish to the
purchaser before the execution of any purchase agreement for a unit or otherwise before conveyance, copies
of the following documents relating to the association or to the master association (as applicable): the
Declaration (other than any common interest community plat), Articles of Incorporation, Bylaws, Rules and
Regulations (if any), and any amendments to these documents. Receipt of the foregoing documents and the
resale disclosure certificate, is acknowledged by the undersigned buyer(s).
Dated:_______________
Buyer:_________________________________________
(Print)_________________________________________
Buyer:_________________________________________
(Print)_________________________________________
Association: Creekside of Plymouth Homeowners Association
Unit: 3956 Orchid Lane North Creekside of Plymouth Homeowners Association Plymouth MN 55446
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