Co-owners have received a notice from the Developer regarding an amendment to our Master Deed.
Click here to read about the amended sections. The most significant impact of the amendments is the creation of multiple phases for our condominium project. This document shows the location of the new phases. New construction within Phases 2 and up will generally begin in the same order as their phase number.
All currently occupied units will now be part of Phase 1, which includes Units 1-36, 39-40, 45-56, 61-94, 101-112, 123 and 137-167. As a result of the phasing that is being created by this 2nd Amendment, all units in Phase 1 of our condominium project that are under consideration for a mortgage or refinancing will now meet the federal "Owner-Occupancy Requirements" for warrantable condominium financing.
UPDATE: The 2nd Amendment to our Master Deed went into effect when it was recorded on March 15, 2016. Click here to view the recorded document.
