WHAT ARE MY VOTING RIGHTS IN THE CONDOMINIUM ASSOCIATION?

ANSWER: If more than one person owns the condominium unit, the co-owners shall collectively be considered as a single member. Only ONE of the co-owners shall be designated, in writing, signed by all the co-owners as the person with the right to vote as the agent for all of the co-owners. The owners of each unit, collectively, shall be entitled to one vote in Club and Condo matters.

WHAT RESTRICTIONS EXIST ON MY RIGHT TO USE MY UNIT?

ANSWER: A unit may be used only as a single family residence and may not be used at any time as an open house or show room, or place of sale for any business activity promoting any commercial enterprise, or for promotion or sale of any product. "See Declaration of Condominium and Rules and Regulations for additional restrictions.

WHAT RESTRICTIONS EXIST ON THE LEASING OF MY UNIT?

ANSWER: When a member has leased his condominium unit to a lessee approved by the Board of Directors, such member's right to use the Club facilities pursuant to his membership shall be suspended for the term of the lease, except for voting rights and other such rights, if any, as the Board may expressly provide. "When renting or leasing your unit, there is a $2,500 per month fee (plus sales tax) paid to the club by the lessee."

Your unit may be leased no more than twice per calendar year, and the term of the lease may not be less than 30 Days.

IS THE CONDOMINIUM ASSOCIATION OR OTHER MANDATORY MEMBERSHIP ASSOCIATION INVOLVED IN ANY COURT CASES IN WHICH IT MAY FACE LIABILITY IN EXCESS OF $100,000? IF SO, IDENTIFY EACH SUCH CASE.

ANSWER: No

HOW MUCH ARE MY ASSESSMENTS TO THE CONDOMINIUM ASSOCIATION FOR MY UNIT TYPE AND WHEN ARE THEY DUE?

ANSWER: Monthly assessments for the condominium association are as follows:
o Condo Maintenance $458.00
o Condo Reserve $145.00

All monthly assessments are billed one month in advance and are payable no later than 30 days after the billing date. Payments not received by the due date shall be considered delinquent and subject to an interest charge of 1.5% per month. If an account remains unpaid 30 days from the due dates specified, the member will be posted as delinquent on the Club bulletin board and all Club privileges will be suspended.

DO I HAVE TO BE A MEMBER IN ANY OTHER ASSOCIATION? IF SO, WHAT IS THE NAME OF THE ASSOCIATION AND WHAT ARE MY VOTING RIGHTS IN THIS ASSOCIATION? ALSO, HOW MUCH ARE MY ASSESSMENTS?

ANSWER: Membership in WILDERNESS COUNTRY CLUB is mandatory and automatic upon acquiring ownership of the condominium unit. The voting rights are the same as described above in the condominium association voting rights. Monthly assessments for Club Dues are $651.00

AM I REQUIRED TO PAY RENT OR LAND USE FEES FOR RECREATIONAL OR OTHER COMMONLY USED FACILITIES? IF SO, HOW MUCH AM I OBLIGATED TO PAY ANNUALLY?

ANSWER: There is a 99-year lease on the golf course property, including improvements. The rent due the owner is paid in semi-annual installments, however the Club bills this expense to the member monthly. The 99 year lease has a built in escalation clause which is governed by the consumer price index (CPL-W) and is adjusted every 5 years. The current monthly assessment for the Land Lease is $147.00 per unit, or $1,764.00 annually.