For Project: S014132/001 - STONEGATE HIGHLANDS
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11/5/20 NEED: FHA CONDOMINIUM PROJECT APPROVAL QUESTIONNAIRE ? FORM HUD 9992: PAGES 6-13 ARE INCOMPLETE. CURRENT YEAR FINAL APPROVED BUDGET: NEED CURRENT 11/1/2020-10/31/2021 CURRENT YEAR INCOME/EXPENSE STATEMENT DATED WITHIN 90 DAYS. CURRENT BALANCE SHEET DATED WITHIN 90 DAYS. EVIDENCE OF UNEXPIRED LIABILITY, HAZARD AND FIDELITY INSURANCE COVERAGE: (POLICY EXPIRED 10/1/20). EVIDENCE OF ADEQUATE FIDELITY INSURANCE FOR BOTH HOA AND MANAGEMENT COMPANY. NOTE: ADEQUATE FIDELITY IS THREE (3) MONTHS AGGREGATE HOA ASSESSMENTS PLUS THE BALANCE OF THE RESERVE ACCOUNT(S) AS REFLECTED ON THE CURRENT BALANCE SHEET: COVERAGE OF 350K IS NOT SUFFICIENT PER CRITERIA LISTED ABOVE , MANAGEMENT COMPANY IS NOT LISTED ON FIDELITY COVERAGE. LOCATION: STONEGATE DR AND SUNSET AVE |
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