801 Charlotte Drive, Prosper, TX 75078

Single Family Lot in Gated Subdivision

Assessments
o HOA Dues (normal HOA functions and maintenance)
$875 annually (due January 1st)
o Road and Replacement Costs (set per reserve report recommendation)
$335 annually (due January 1st)
These are set on a funding schedule to repair and replace roads and common area
amenities in the future

o Home or Lot landscape maintenance (bulk price)
Vacant lot maintenance $56-$75 per quarter (billed quarterly)
Finished home landscape maintenance $250 per quarter (billed quarterly)
Great deal!! HOA has bulk maintenance contracts to reduce costs traUic
? Includes front and rear yards, contact landscaper for separately billed repairs, tree
trimming, or replacements

o HOA Contribution
? Charge at closing to non builder buyer $500

? Amenities included:
o Security Gates

? Will remain open during construction and closed after. Gates will open automatically 7am-
7pm thereafter.

o Amenity center with pool and facility
o Walking trails
o Playground
o Pickleball courts

Completion Requirements (Phase 1)
o Home required to be completed within 2 years after owner acquires title to the lot
o Must commence construction within 1 year after plan approved by ACC
o Must complete construction of home within 18 months after commencement of construction
o Initial penalty $2,000 and increase $1,000 year afterwards