Budget Letter ~ November 2022

Dear Fairfax Manor Condominium Home Owner:

In accordance with the Fairfax Manor Condominium Association Declaration and By-Laws, the Board of Directors unanimously approved the enclosed Budget for 2023, at the Board Meeting held on Monday, October 10, 2022. After considerable review and reflection, the Board has unanimously agreed that the monthly assessment fee WILL INCREASE approximately 3.6% for 2023. Some factors affecting the budget are:

• We plan to contribute $123,700.00 to our reserve fund for capital items such as siding, asphalt and carport roof replacements.
• Increased operating costs such as insurance and legal fees, and utilities.
• No plans to mulch.
• Increased Landscaping and Snowplowing contract costs

Late December 2022, you will receive a one-year supply of payment coupons in the mail, unless you are signed up for direct debit (ACH) and/or you indicated you do not need a coupon book.

Beginning in January 2023, your monthly assessment fee is due on the first of each month payable to Fairfax Manor Condominium Association. Payments received after the fifteenth (15th) of the month are charged a $25.00 late fee.

Payment Options (payable the first day of each month):
• Mail your payment, to P. O. Box 33812, Detroit, MI 48232-5812 payable to Fairfax Manor Condominium Association.
• You may also send in your payment without the coupon as long as your 7-digit account number is referenced.
• If you are signed up for direct debit (ACH), we will automatically withdraw the new 2023 monthly fee. You will not receive a coupon book.
• You can pay via qualitycm.appfolio.com/connect, the new web portal through e-check or credit card. There is a processing fee if you opt to pay with credit card. There is no fee
for e-check one time or recurring payments.

We will strive to make every effort of continued, high maintenance standards, which we believe to be in the best interest of Fairfax Manor. Your cooperation, understanding and support are appreciated.

Should you have any questions concerning the 2023 Budget, please contact our Community Manager, Mary Miragliotta at Quality Community Management, Inc. at: 440-946-4747.

Sincerely,
FAIRFAX MANOR CONDOMINIUM UNIT OWNERS’ ASSOCIATION, INC.
BOARD OF DIRECTORS