Courtyard at Merrimac Landing Condominium Budget

Monthly Operating Budget
Management	$  640.00
Insurance	$   596.33
Common Electric	$   300.00
Landscape/Snow Removal	$ 1141.66
Sewer Pump Charges	$   100.00
Trash Pick Up	$   480.00
Miscellaneous	$   300.00 Minor Repairs/Accounting/Legal
Total Monthly Operating Budget	$ 3577.99
Monthly Replacement Reserves Budget
Roof Replacement	$ 178.00 ($2000/Unit 30Year Life)
Driveway Resurface	$ 142.00 ($800/Unit 15 Year Life)
Deck Replacement	$ 160.00 ($1500/Unit 25 Year Life)
Total Monthly Reserves	$ 480.00
Total Monthly Budget	$ 4047.00
Monthly Condo Fees	$ 136.00 Market Rate Inside Units
Total Monthly Condo Fee	$ 160.00 Market Rate End Units
	$ 75.00 Affordable Units

This budget is a projected initial operating budget and is subject to change once final contracts with vendors have been agreed to. Each unit will contribute 2 months condo fees at the time of closing to establish a condominium reserve account. Condo fees are payable on the first day of each month to:

Courtyard at Merrimac Landing Condominiums
C/O RE/MAX Prestige
1 Bridgeview Circle
Tyngsboro, MA. 01879