Certification Letter for PUD Projects
Updated 27 March 2003
Certification Letter for PUD Projects
Updated 27 March 2003
Homeowner Association Name: Moorings Cluster Association Contact (Title): Tim Cohn (President and VA Registered Agent) Phone: 703/904-7374 Address: 1604 Waters Edge Lane, Reston, VA 20190
Name: State Farm Insurance Contact: Sharon Godfrey Phone: 703/356-0777
| What year was the project built? | 1971 |
| Total number of units in project? | 48 |
| Total number of units sold? | 48 |
| Total number of units pending close? | 0 |
| Total number of units unsold? | 0 |
| Is the project subject to additional planning? | No |
| Total number of units owned by developer? | 0 |
| Other than developer, does any one entity own more than 2 units? | No |
| What are the monthly homeowners dues? | $58.34 (2003) |
| Are all units, common areas, and recreational facilities complete? | Yes |
| Are all units fee simple? | Yes |
| Do the unit owners have sole ownership rights to the use of the project's facilities, common elements and limited common elements? | Yes |
| Is there any pending and/or settled litigation against the HOA or the developer? | No |
| Are unit owners, other than the developer, in control of the HOA? | Yes |
| Date the control of the HOA passsed to unit owners | 9/1972 |
| Is the property managed by the HOA or a management company? | HOA |
| Is there more than one Association for the project, such as a master or umbrella Association? If yes, provide legal names of all associations. | 1) Moorings Cluster Association 2) Reston Association |
| Amount of current money on hand in the working account: | $13693.75 (7 March 2003) |
| Amount of current cash in reserve account: | $53,957.77 (7 March 2003) |
| Are there any scheduled special assessments in the future? | No |
| Does HOA waive its right of first refusal to the sale, lease or transfer of a unit in case of foreclosure of deed-in-lieu? | Yes |
| What is the amount of the general liability insurance? | $1,000,000.00 (15 July 2003) |
| What is the amount of the hazard insurance? | $1,000,000.00 (15 July 2003) |
| What is the amount of the Directors and Officers liability insurance? | $1,000,000.00 (15 July 2003) |
| Is there a fidelity bond/employer dishonesty insurance? | No |
| Are any of the common areas or recreational facilities leased? | No |