DaleW (California)
Posts: 3
Posts: 3
Posted:
CA My questions we are in a Phasing Senior Development that has a Public Report and DRE Budget that has several Common Areas that have not been identified in either the Public Report or have line items in the Budget. The biggest and latest is a Clubhouse, Pool, Spa, landscaping and Parking Lot. The last items mentioned are in the Built-Out Budget but are nowhere in any of the current approved Phase Budgets, which current go to Phase VIII and we are in Phase VI.
My question is does the Board need Agreement for maintenance and Reserve funds, when these items come online? Does the Board have any liaibilty to worry about? If Agreement is drawn up does it need to be Record with the County? Does this need to be reported to DRE?
My question is does the Board need Agreement for maintenance and Reserve funds, when these items come online? Does the Board have any liaibilty to worry about? If Agreement is drawn up does it need to be Record with the County? Does this need to be reported to DRE?