Springfield Station Homeowners’ Association Summary

1.

Association name, and if incorporated, the state of incorporation

Springfield Station Homeowners Association, Inc.

the state of incorporation

Virginia

and the name and address of its registered agent in Virginia;

Dan Germain

8811 Aquary Court Springfield, VA 22153

202-607-1486

2.

A statement of any expenditures of funds approved by the association or the board of directors that shall require an assessment in addition to the regular assessment

during the current year or the immediately succeeding fiscal year;

There is no expenditure of funds approved by the association or the board of directors which shall require an assessment in addition to the regular assessment.

3.

A statement, including the amount of all assessments and any other mandatory fees or charges currently imposed by the association,

The status of assessments for the subject property is as follows:

Annual Assessment Due $128.00

together with any post-closing fee charged by the common interest community manager, if any, and associated with the purchase, disposition, and maintenance of the lot and to the right of use of common areas, and the status of the account;

Other mandatory charges of $0.00 the Association

Annual Mini-Court Assessment $0.00 due

Late Fees* $0.00

Current dues period

June 1, 2022 – May 31, 2023.

Schedule of Fees

The Association levies assessments of $123, payable in one annual installment, for common expenses.

Special assessments may also be levied for the same purpose.

A late charge of 6% is currently applied to any assessment or installment thereof which is not paid within 90 days after the date it is due.

A fee of One Hundred dollars ($100.00) is currently charged by the Association for the preparation of this Disclosure Packet.

4.

A statement of whether there is any other entity or facility to which the lot owner may be liable for fees or other charges;

There is no other entity or facility to which the lot owner may be liable for fees or other charges.

5.

The current reserve study report or summary thereof, a statement of the status and amount of any reserve or replacement fund, and any portion of the fund allocated by the board of directors for a specified project;

The Association has a Capital Improvement Plan. The current balance is included in the monthly financial report included. In 2021 a major rebuilding of the Sports Court Common

Grounds was completed. Details are in the General Membership Meeting materials.

6.

A copy of the association’s current budget or a summary thereof prepared by the association, and a copy of its statement of income and expenses or statement of its financial position (balance sheet) for the last fiscal year for which such statement is available, including a statement of the balance due of any outstanding loans of the association;

Refer to Financial Reports Section

7.

A statement of the nature and status of any pending suit or unpaid judgment to which the association is a party and that either could or would have a material impact on the association or its members or that

relates to the lot being purchased;

There are neither unsatisfied judgments against the Association nor any

pending suits in which the Property Owners Association may be materially impacted.

8.

A statement setting forth what insurance coverage is provided for all lot owners by the association, including the fidelity bond maintained by the association, and what additional insurance would normally be

Springfield Station Homeowner’s Association, Inc. maintains hard, property damage, and liability insurance to cover Common Areas as required by the By- Laws. It is suggested that each lot owner obtain insurance to cover

secured by each individual lot owner;

property damage to their homes and personal property contained therein, and insurance covering personal liability. The Association urges you to consult with your insurance agent. Copies of the policy currently held by the Association are available for inspection. The basic insurance coverage in written through:

Nationwide Insurance Company

P. 0. Box 10669

Lynchburg, VA 24506

(434) 237-7200

EVIDENCE OF INSURANCE / MASTER INSURANCE POLICY

Please call EOI Direct at 877-456-3643

Request evidence of insurance for Springfield Station Homeowners Association, Springfield VA

9.

A statement that any improvement or alteration made to the lot, or uses made of the lot or common area assigned thereto, are or are not in violation of any of the declaration, bylaws, rules and regulations, architectural guidelines and articles of

incorporation, if any, of the association;

Any improvements or alterations made to the subject property as of the date of this statement are not in violation of the Association’s guidelines.

10.

A statement setting forth any restriction, limitation, or prohibition on the right of a lot owner to place a sign on the owner’s lot

advertising the lot for sale;

The Association has no restrictions as such.

11.

A statement setting forth any restriction, limitation, or prohibition on the right of a lot owner to display any flag on the owner’s lot, including but not limited to reasonable restrictions as to the size, place, and manner of placement or display of such

flag and the installation of any flagpole or

The Association has no restrictions as such.

similar structure necessary to display such flag;

12.

A statement setting forth any restriction, limitation, or prohibition on the right of a lot

owner to install or use solar energy collection devices on the owner’s property;

The Association has no restrictions as such.

13.

The current declaration, the association’s articles of incorporation and bylaws, and any rules and regulations or architectural

guidelines adopted by the association;

Refer to Governing Section

14.

Any approved minutes of the board of directors and association meetings for the

six calendar months preceding the request for the disclosure packet;

Refer to Business Section

15.

The notice given to the lot owner by the association of any current or pending rule or architectural violation;

Any improvements or alterations made to the subject property as of the date of this statement are not in violation of the Association’s guidelines.

16.

A copy of the fully completed form developed by the Common Interest Community Board pursuant to § 54.1-2350;

Refer to Common Interest Community Board Section

17.

Certification that the association has filed with the Common Interest Community Board the annual report required by § 55.1- 1835, which certification shall indicate the filing number assigned by the Common

Interest Community Board and the expiration date of such filing;

Refer to Business Section

18.

A statement indicating any known project

approvals currently in effect by secondary mortgage market agencies; and

None

19.

The association complaint procedure

required by 18 VAC 48-70-60 and pursuant to 18 VAC 48-70-40 and 18 VAC 48-70-50.

Refer to Governing Section