North Star Commercial Condominiums

Projected Annual Expenses

Accounting	$500
Exterior Lighting	$480
Well, Operation & Maintenance	$200
Septic Maintenance & Fees	$1,700
Maintenance Fund	$1,400
Insurance	$2,450
Lawn Care	$1,200
Snowplowing	$900
Yearly Totals	$8,830
Cost per Unit Annually	$1,261
Cost per Unit Monthly	$105

The unit expenses above are figured for The "Lakeview" alone. Obviously, as The "Woods" is built, an additional seven units will share in the common costs, considerably reducing the per unit cost.

The "Maintenance Fund" is a sinking fund designed to accumulate and cover anticipated repair and replacement.

THE ABOVE FIGURES ARE SOLELY FOR THOSE CONSIDERING THE TOTAL COST OF OWNERSHIP. LEASEHOLDER'S OBLIGATIONS ARE LESS EXTENSIVE.



Condo Documents & Legal Issues

Dan Barron and Valerie Snyder of Barron & Engstrom, LLC, Charlevoix have prepared all pertinent condominium legal documents and will handle reservation deposits and closings.