Annual Policy Statement and Disclosures

Transcription

1 Annual Policy Statement and Disclosures January 1, 2016 December 31, Lindley Ave, Northridge, CA 91326

2 Index Cover Memo for Annual Disclosures General Manager s Cover Letter Exhibit A. Reserve Study Executive Summary Exhibit B. Statement of Outstanding Loans Annual Policy Statement Exhibit C. Assessment Collection Policy Exhibit D. Notice of Assessments and Foreclosures Exhibit E. Architectural Review Policy Exhibit F. Internal Dispute Resolution (IDR) & Alternative Dispute Resolution (ADR) Exhibit G. Schedule of Monetary Penalties Exhibit H. OPT OUT Option. Exhibit I. FHA Disclosure Exhibit J. VA Disclosure Exhibit K. Asbestos Disclosure Letter Insurance Disclosures 2016 Approved Operating Budget

3 Dear Village Northridge Home Owner, The Board of Directors and the manager would like to wish you all HAPPY HOLIDAYS and that 2016 may see all your goals come true!!! Enclosed you will find Annual Disclosures. Your Board of Directors spent a great deal of time working on the 2016 budget and as a result they have been able to keep the HOA dues the same for next year. Kindly review the documents. If you should have any detailed questions regarding any of the enclosed documents and would like to contact the manager via , please do so at manager.vnhoa@gmail.com or call the management office at Best Regards, Omar Bayter Village Northridge Manager Lindley Avenue, Northridge, CA (818) manager@villagenorthridge.com

4 November 28, 2015 Memo To: All Owners Village Northridge HOA From: Omar Bayter General Manager Re: 2016 Pro Forma Operating Budget and Annual Disclosures No increases were made for The Davis-Stirling Act is the main body of laws that govern community associations. Over the past several years, the California Law Review Commission worked to reorganize and clarify sections and codes into a practical body of legislation. Pursuant to Civil Code, the Association is providing you with the relevant updates to your 2016 Annual Policy Statement and applicable disclosures. Each of the documents and disclosures is specifically identified below. In most cases, the complete document is attached as an exhibit, as referenced herein. Alternatively, certain reports have been summarized for the benefit of the members. However, the full report is available to the members and the Association will provide the full reports to any member upon written request. 1. Statement of Mechanism to Fund Reserves. The Board uses the following mechanism or mechanisms to fund reserves to repair or replace major components: Regular Assessments. See Exhibit A. Reserve Study, 3 Minute Executive Summary. 2. Statement Addressing Association s Outstanding Loans. The Association has one outstanding loan. See Exhibit B.

5 Exhibit B Statement of Outstanding Loans. Village Northridge has an outstanding loan with an original term of more than one year Payee: Central Loan Administration and Reporting. Nominal Annual Rate: 4.000%. Amount outstanding as of 11/30/2015: $227, Annual payment: $ 36, made in monthly payments of $3, The loan is scheduled to be retired: 06/01/2023.

6 Exhibit A Update With-Site-Visit Reserve Study Village Northridge Northridge, CA Report #: For Period Beginning: January 1, 2016 Expires: December 31, 2016 Date Prepared: March 18, 2015

7 3- Minute Executive Summary Association: Village Northridge Assoc. #: Location: Northridge, CA # of Units: 144 Report Period: January 1, 2016 through December 31, 2016 Results as-of 1/1/2016: Projected Starting Reserve Balance:...$354,906 Fully Funded Reserve Balance:...$709,814 Average Reserve Deficit Per Unit:...$2,465 Percent Funded: % Recommended 2016 Monthly Reserve Contribution:...$7,700 Recommended 2016 Special Assessment for Reserves:...$0 Most Recent Reserve Contribution Rate:...$6,247 Economic Assumptions: Net Annual After Tax Interest Earnings Accruing to Reserves % Annual Inflation Rate % This is an Update With-Site-Visit Reserve Study, based on a prior Report prepared by Association Reserves, Inc for your 2012 Fiscal Year. The information in this Reserve Study is based on our site inspection on February 24, This Reserve Study was prepared by Sean Kargari, a credentialed Reserve Specialist (RS #115). Because your Reserve Fund is between 30%-70% Funded, at 50.0% Funded, this represents a fair Reserve position. In comparison, associations that are above 70% Funded are considered to be in a strong Reserve position and are less likely to incur Reserve cash-flow deficiencies and special assessments. Based on this starting point, your anticipated future expenses, and your historical Reserve contribution rate, our recommendation is to increase your Reserve contributions. Your multi-year Funding Plan is designed to gradually bring you to the 100% level, or Fully Funded. Association Reserves, Inc. i 3/18/2015

8 Table 1: Executive Summary Useful Rem. Current Future Life Useful Average Average # Component (yrs) Life (yrs) Cost Cost 108 Staircase Decking - Reseal 4 4 $4,100 $4, Staircase Decking - Resurface 20 0 $13,000 $23, Asphalt/Swales - Remove & Replace $140,000 $260, Asphalt - Reseal 5 1 $5,400 $5, HVAC Units (Rec Bldg) - Replace $11,000 $14, Security Camera System - Replace 10 7 $1,000 $1, Mailboxes - Replace 20 3 $11,250 $12, Pool Furniture - Partial Replace 6 2 $1,750 $1, Gas BBQ - Replace 6 1 $3,750 $3, Iron Fence/Rail - Replace $65,500 $184, Vinyl Fence - Repairs $110,000 $300, Laundry Tile Flooring - Replace $8,700 $15, Intercom - Replace 15 5 $2,500 $2, Gate Operator - Replace 10 6 $2,500 $2, Water Heater/Tank - Replace (#1) 15 8 $7,500 $9, Water Heater/Tank - Replace (#2) $7,500 $10, Water Heater/Tank - Replace (#3) $7,500 $10, Water Heater/Tank - Replace (#4) $7,500 $11, Water Heater/Tank - Replace (#5) 15 9 $7,500 $9, Water Heater/Tank - Replace (#6a) $7,500 $10, Water Heater/Tank - Replace (#6b) 15 7 $7,500 $9, Water Heater/Tank - Replace (#7) 15 9 $7,500 $9, Water Heater/Tank - Replace (#8) $7,500 $11, Water Heater/Tank - Replace (#9) 15 8 $7,500 $9, Water Heater/Tank - Replace (Rec) 15 5 $7,500 $8, Water Heater/Tanks - Replace (#10) 15 8 $7,500 $9, Recreation Room - Remodel 12 5 $10,000 $11, Irrigation Controller - Replace 12 6 $1,250 $1, Iron Fence/Rail - Repaint 5 0 $10,000 $11, Stucco - Repaint 15 0 $65,000 $101, Wood Surfaces - Repaint 5 0 $25,000 $28, Wood Surfaces - Repair/Replace $160,000 $437, Pool - Replaster/Retile 12 7 $21,000 $25, Wading Pool - Replaster/Retile 12 7 $3,000 $3, Pool Filters - Replace 15 1 $2,500 $2, Pool Pumps - Partial Replace 5 3 $950 $1, Flat Roofs - Replace 20 4 $402,000 $452, Shingle Roofs - Replace 25 4 $114,000 $128, Termites - Treat $90,000 $120, Total Funded Components Note 1: a Useful Life of N/A means a one-time expense, not expected to repeat. Note 2: highlighted line items are expected to require attention in the initial year. Association Reserves, Inc. ii 3/18/2015

9 Annual Policy Statement 1. Designated Agent for Receipt of Association Mail The name and address of the person designated to receive official communications on behalf of the Association is as follows: Name: Title: Omar Bayter, CMAC On-Site General Manager Address: Lindley Ave. Unit 163 Northridge, CA Secondary Address of Owners As provided in Civil Code section 4040(b), owners have a right to receive (1) annual reports the Association is required to provide to owners and for (2) mailings and notices related to assessment payments, delinquencies, and foreclosures at additional address if they submit a secondary address to the Association. The owner s request must be in writing and must be sent to the Association in a manger provided in Civil Code Sections 4035 and Posting Location of General Notices The location designated for posting of General Notice is the mails kiosk on the property. 4. Individual Delivery Notice Documents designated by Civil Code as requiring General Delivery or General Notice will be delivered using one of the following methods: any individual notice method; billing statement, newsletter, or other similar document; posting notice (only if location designated is in the annual policy statement); for the purpose of conveying information on association business to the members. If a member of the Association wishes to receive General Notice documents by individual delivery, they must make a written request to the Association and the Association will comply with the request. 5. Statement of Association s Policies for Collection of Delinquent Assessments Under Civil Code section 5730 For the Association s Collection Policy, see Exhibit C. 6. Mailing Address for Overnight Payment of Assessments Village Northridge HOA c/o Data System Services Magnolia Blvd. Encino, CA Statement of Assessment Policy under Civil Code Section 5730 (Notice of Assessments and Foreclosures) Please refer to Exhibit D.

10 8. Summary for Procedures for Architectural Review Please refer to Exhibit E. 9. Summary of Association s Dispute Resolution Procedures (IDR and ADR) Please refer to Exhibit F. 10. Discipline Policy and Penalty Schedule Please refer to Exhibit G. 11. Preparation of Audit / Review As provided by Civil Code section 5305, if an Association has assessment income of more than $75,000, the Association will have a review or annual audit of the financial statements of the Association prepared by a certified public accountant (CPA) after the close of the fiscal year. A copy of the review, audit will be distributed to the members within 120 days after the close of the fiscal year. 12. Member s Right to OPT OUT of Sharing Contact Information Please refer to the enclosed Exhibit H. 13. Gated Communities /Associations with Cameras or Patrol Services While the Association may have periodic patrols, these features cannot be relied upon to guarantee your personal safety and security. Some are merely deterrents and others may help identify a criminal after the fact, but even that is not certain. Thus, each owner is responsible for his or her own safety and security on the property. Owners must communicate these facts to their respective tenants or guests. 14. Manager Certification It is also required that you be notified annually whether or not your manager is certified. Your manager is certified by the Community Association Institute (CAI) with the following designations, CMCA, AMS, PCAM, a national organization, and by the California Association of Community Managers with the CCAM designation, a California organization. 15. Smoke and Carbon Monoxide Detectors Owners are required by law to have operational smoke detectors and carbon monoxide detectors. (Health and Safety Code 13113, , ) Please note that is common for many detectors to last no longer than 10 years, so please test your detectors regularly, follow the manufacturer s instructions about replacement and replace them whenever their useful life ends. If you have tenants, there are battery operated detectors that have tamper resistant features to prevent removal of batteries. Some hard wired detectors have batteries designed to last for the life of the detectors. 16. FHA Disclosure Please refer to Exhibit I. 17. VA Disclosure Please refer to Exhibit J.

11 The books and records of the Association are on file and can be reviewed by any homeowner as allowable by Civil Code. Proper Purpose. A member's request to inspect records must be for a proper purpose reasonably related to his or her interests as a member of the association. (Civ. Code 5230),(Corp. Code 8330, Corp. Code 8333.) The records belong to the association and any misuse of records by a member may subject the person to legal action for injunctive relief and damages. The Board of Directors has adopted a Records Inspection Policy. An overview of the policy is as follows: A request must be made in writing and state the nature of the request. Advance notice is required to allow time to compile and retrieve requested items. Association records prepared in the current fiscal year will be provided to the homeowner within 10 days of the written request. Association records prepared in the last two fiscal years must be provided within 30 days of the request. The time to review documents must be mutually agreeable between the Association and the person submitting the request. The request must not disrupt the normal business operations of the Association. The Association can charge for the costs associated with your actual time to prepare and/or redact Association enhanced documents. This cost cannot exceed $10 per hour with a maximum of $200 per request. All charges, including copying charges should be communicated to the requesting homeowner and the requesting homeowner must agree to pay for same prior to the request being processed by the Association. Photocopies will be billed at $0.50 per copy. Please contact the Board of Directors, if you any further questions. Right to Receive Board Minutes Civil Code 5310(a)(5), 4950(b) The association must give notice of a member's right to receive copies of board meeting minutes and of how and where to do so pursuant to Civil Code Section 4950(b). Members have a right to receive approved minutes, an unapproved draft or summary of the minutes within 30 days of a board meeting upon members request in writing or by to the board President and upon reimbursement of the Association s costs to distribute. Security Precautions Members and their tenants and their guests are reminded to be vigilant, cautious and watchful at all times and to report all suspicious activity or unsafe conditions that you are aware of. The Association recommends that all residents insure against peril for all causes to their person or property. Asbestos Disclosure Please see Exhibit K.

12 Exhibit C Village Northridge Homeowners Association Assessment Delinquency Collection Policy The following policy has been adopted by the Board of Directors of the Village Northridge Homeowners Association to ensure timely payment of assessments by all owners. Assessments, late charges, interest and collection costs, including any attorneys fees, are the personal obligation of the owner of the property at the time the assessment or other sums are levied (Civil Code Section 5650). This policy will be used by the Association, pursuant to the CC&Rs and Civil Code Section 5310(a)(7), for the prompt enforcement of each owner s assessment payment obligation. Your full understanding and compliance is appreciated. 1. Regular monthly assessments are due and payable on the first day of each month. A billing statement is sent each month to the owner s billing address on record with the Association, as a courtesy only. It is the owner s responsibility to pay each assessment in full each month regardless of whether a statement is received. All other assessments, including special assessments, are due and payable on the date specified by the Board on the Notice of Assessment, which date is at least thirty (30) days after the date of notice of the special assessment. 2. Electrical consumption is separately metered in each unit and resulting usage costs are a part of each homeowner s regular assessments. The electric charges are included as a separate item in the regular monthly assessment, but they are subject to all the same requirements and collection practices as the remainder of the monthly assessments, as stated in this collection policy. 3. Assessments not received within (fifteen) 15 days of the stated due date are delinquent and shall be subject to a late charge of $10, or ten percent (10%) of the delinquent assessment, whichever is greater. 4. An interest charge at the rate of 12% per annum will be assessed against any outstanding balance, including delinquent assessments, late charges and cost of collection, which may include attorneys fees. Such interest charges shall accrue thirty (30) days after the assessment becomes due and shall continue to be assessed each month until the account is brought current. 5. If a special assessment is payable in installments and an installment payment of that special assessment is delinquent for more than thirty (30) days, installments may be accelerated and the entire unpaid balance of the special assessment may become immediately due and payable. The remaining balance shall be subject to a late charge and interest as provided above.

13 6. A first notice of past due assessment ( late letter ) will be prepared and mailed once an assessment becomes delinquent. Any charge for the late letter will be made against the delinquent owner s account. 7. Pursuant to Civil Code Section 5655, any payments made are first applied to assessments owed, and only after the assessments owed are paid in full, shall such payments be applied to late charges, interest, and collection expenses, including attorneys fees, unless the owner and the Association enter into an agreement providing for payments to be applied in a different manner. 8. If an assessment is not received within fifteen (15) days after the assessment becomes delinquent, the Association or its designee, in the event the account is turned over to a collection agent, may send a pre-lien letter to the owner as required by Civil Code Section The pre-lien letter will be delivered by certified and first class mail to the owner s mailing address of record and will advise the owner of the delinquent status of the account and impending collection action. The owner will be charged a fee for the pre-lien letter. Notwithstanding the provisions of this Paragraph, the Association may (i) send a pre-lien letter to a delinquent owner at any time when there is an open escrow involving the owner s Unit, and/or (ii) issue a pre-lien letter immediately if any special assessment becomes delinquent. The owner will be charged all fees and costs of preparing the pre-lien letter. 9. Pursuant to Civil Code Section 5670, prior to recording a lien for delinquent assessments, the Association shall offer the owner, and if so requested by the owner, participate in dispute resolution pursuant to the Association s meet and confer program. 10. If an owner fails to pay the amounts set forth in the pre-lien letter within thirty (30) days of the date of that letter, the Association will proceed to cause a lien to be recorded for the amount of any delinquent assessments, late charges, interest and/or costs of collection, including attorneys' fees, against the owner s property. The owner will be charged all fees and costs of preparing and recording the lien. Thirty (30) days following recordation of the lien, the lien may be enforced in any manner permitted by law, including, including sale by the court, sale by the trustee designated in the notice of delinquent assessment, or sale by a trustee substituted pursuant to Section 2934a (Civil Code Section 5700). 11. In the event the lien is foreclosed judicially, additional costs secured by the lien shall include reasonable attorney s fees and court costs, title search fees, interest at the maximum legal rate allowed by law from the delinquency date, late charges, and all other fees, costs and expenses incurred in such action, and shall be allowed to the extent permitted by law. 12. Pursuant to Civil Code Section 5705, prior to initiating foreclosure for delinquent assessments, the Association shall offer the owner and, if so requested by the owner, shall participate in dispute resolution pursuant to the Association s meet and confer program or alternative dispute resolution with a neutral third party. The decision to

14 pursue dispute resolution or a particular type of alternative dispute resolution shall be the choice of the owner, except that binding arbitration shall not be available if the Association intends to pursue judicial foreclosure. 13. An owner is entitled to inspect the Association s accounting books and records to verify the amounts owed pursuant to Corporations Code Section In the event it is determined that the owner has paid the assessments on time, the owner will not be liable to pay the charges, interests, and costs of collection associated with collection of those assessments. 15. Any owner who is unable to pay assessments will be entitled to make a written request for a payment plan, within fifteen (15) days of the pre-lien letter postmark date. Payment plan requests that are mailed within fifteen (15) days of the pre-lien letter postmark date will be considered by the Association s Board of Directors within forty-five (45) days, 16. Any written request for a payment plan must set forth the proposed terms of the plan including the date on which each payment in the proposed plan will be due and the amount of each payment. The proposed payments must be sufficient to cover the amount of the current monthly assessment and pay a portion of the past due balance. Additional late fees shall not accrue during the payment plan period if the owner is in compliance with the terms of the payment plan. 17. Nothing herein limits or otherwise affects the Association s right to proceed in any lawful manner to collect any delinquent sums owed to the Association. 18. Prior to the release of any lien, or dismissal of any legal action, all assessments, late charges, interest, and costs of collection, including attorneys fees, must be paid in full to the Association. Within twenty-one (21) days of the payment of all past due sums, the Association shall record or cause to be recorded a lien release or notice of rescission. 19. The Association shall charge the owner a twenty-five dollars ($25.00) fee for the first check tendered to the Association that is returned unpaid by the owner s bank and thirty-five dollars ($35.00) for each subsequent check passed on insufficient funds. If the check cannot be negotiated, the Association may also seek to recover damages of at least one hundred dollars ($100.00), or, if higher, three (3) times the amount of the check up to one thousand five hundred dollars ($1,500.00) pursuant to Civil Code Section All charges listed herein are subject to change upon thirty (30) days prior written notice. 21. Until the owner has paid all amounts due, including delinquent assessments, late charges, interest and costs of collection, including attorneys fees, the Board of

15 Directors may suspend the owner s right to vote, and suspend the owner s right to use the Association s recreational facilities after providing the owner with a duly noticed hearing pursuant to Civil Code Section However, any suspension imposed shall not prevent the delinquent owner from the use, benefit and pleasure of the owner s unit. 22. The mailing address for overnight payment of assessments is: Village Northridge Homeowners Association c/o Data System Services Magnolia Blvd. Encino, CA Notice of Assessments and Foreclosure. The Notice of Assessments and Foreclosure required by Civil Code Sections 5730 is contained in Attachment "A" to this Policy. 24. Fair Debt Collection Practices Act. The disclosures required by the State Rosenthal Fair Debt Collection Practices Act and the Federal Fair Debt Collection Practices Act are contained in Attachment B to this Policy.

16 Exhibit D ATTACHMENT "A" NOTICE OF ASSESSMENTS AND FORECLOSURE This notice outlines some of the rights and responsibilities of owners of property in common interest developments and the associations that manage them. Please refer to the sections of the Civil Code indicated for further information. A portion of the information in this notice applies only to liens recorded on or after January 1, You may wish to consult a lawyer if you dispute an assessment. ASSESSMENTS AND FORECLOSURE Assessments become delinquent 15 days after they are due, unless the governing documents provide for a longer time. The failure to pay association assessments may result in the loss of an owner s property through foreclosure. Foreclosure may occur either as a result of a court action, known as judicial foreclosure, or without court action, often referred to as nonjudicial foreclosure. For liens recorded on and after January 1, 2006, an association may not use judicial or nonjudicial foreclosure to enforce that lien if the amount of the delinquent assessments or dues, exclusive of any accelerated assessments, late charges, fees, attorney s fees, interest, and costs of collection, is less than one thousand eight hundred dollars ($1,800). For delinquent assessments or dues in excess of one thousand eight hundred dollars ($1,800) or more than 12 months delinquent, an association may use judicial or nonjudicial foreclosure subject to the conditions set forth in Article 3 (commencing with Section 5700) of Chapter 8 of Part 5 of Division 4 of the Civil Code. When using judicial or nonjudicial foreclosure, the association records a lien on the owner s property. The owner s property may be sold to satisfy the lien if the amounts secured by the lien are not paid. (Sections 5700 through 5720 of the Civil Code, inclusive) In a judicial or nonjudicial foreclosure, the association may recover assessments, reasonable costs of collection, reasonable attorney s fees, late charges, and interest. The association may not use nonjudicial foreclosure to collect fines or penalties, except for costs to repair common area damaged by a member or a member s guests, if the governing documents provide for this. (Section 5725 of the Civil Code) The association must comply with the requirements of Article 2 (commencing with Section 5650) of Chapter 8 of Part 5 of Division 4 of the Civil Code when collecting delinquent assessments. If the association fails to follow these requirements, it may not record a lien on the owner s property until it has satisfied those requirements. Any additional costs that result from satisfying the requirements are the responsibility of the association. (Section 5675 of the Civil Code) At least 30 days prior to recording a lien on an owner s separate interest, the association must provide the owner of record with certain documents by certified mail, including a description of its collection and lien enforcement procedures and the method of calculating the amount. It must also provide an itemized statement of the charges owed by the owner. An

17 owner has a right to review the association s records to verify the debt. (Section 5660 of the Civil Code) If a lien is recorded against an owner s property in error, the person who recorded the lien is required to record a lien release within 21 days, and to provide an owner certain documents in this regard. (Section 5685 of the Civil Code) The collection practices of the association may be governed by state and federal laws regarding fair debt collection. Penalties can be imposed for debt collection practices that violate these laws. PAYMENTS When an owner makes a payment, the owner may request a receipt, and the association is required to provide it. On the receipt, the association must indicate the date of payment and the person who received it. The association must inform owners of a mailing address for overnight payments. (Section 5655 of the Civil Code) An owner may, but is not obligated to, pay under protest any disputed charge or sum levied by the association, including, but not limited to, an assessment, fine, penalty, late fee, collection cost, or monetary penalty imposed as a disciplinary measure, and by so doing, specifically reserve the right to contest the disputed charge or sum in court or otherwise. An owner may dispute an assessment debt by submitting a written request for dispute resolution to the association as set forth in Article 2 (commencing with Section 5900) of Chapter 10 of Part 5 of Division 4 of the Civil Code. In addition, an association may not initiate a foreclosure without participating in alternative dispute resolution with a neutral third party as set forth in Article 3 (commencing with Section 5925) of Chapter 10 of Part 5 of Division 4 of the Civil Code, if so requested by the owner. Binding arbitration shall not be available if the association intends to initiate a judicial foreclosure. An owner is not liable for charges, interest, and costs of collection, if it is established that the assessment was paid properly on time. MEETINGS AND PAYMENT PLANS An owner of a separate interest that is not a time-share interest may request the association to consider a payment plan to satisfy a delinquent assessment. The association must inform owners of the standards for payment plans, if any exists. The board must meet with an owner who makes a proper written request for a meeting to discuss a payment plan when the owner has received a notice of a delinquent assessment. These payment plans must conform with the payment plan standards of the association, if they exist.

18 ATTACHMENT "B" The following Disclosure is made pursuant to Civil Code Section The state Rosenthal Fair Debt Collection Practices Act and the federal Fair Debt Collection Practices Act require that, except under unusual circumstances, collectors may not contact you before 8 a.m. or after 9 p.m. They may not harass you by using threats of violence or arrest or by using obscene language. Collectors may not use false or misleading statements or call you at work if they know or have reason to know that you may not receive personal calls at work. For the most part, collectors may not tell another person, other than your attorney or spouse, about your debt. Collectors may contact another person to confirm your location or enforce a judgment. For more information about debt collection activities, you may contact the Federal Trade Commission at FTC-HELP or

19 Exhibit E ARCHITECTURAL REVIEW POLICY 1. Architectural Control. All requests for the Association to approve any work, remodeling or improvement as required in Section 2 below shall be submitted in writing to the Environmental Control Committee (the "Committee") or Board. The Committee or Board shall give its approvals in writing only (no oral approvals shall be binding or valid) and no approval for any work shall under any circumstances be deemed to have been given by the Association unless it is in writing and signed by at least two (2) members of the Committee or Board, not including any Committee or Board member directly interested in the project. A decision by the Committee or Board shall be subject to appeal to the Board pursuant to Section 9 below. 2. Prior Approval. No Owner shall, whether at his own expense or otherwise, do, make or allow any alteration, addition or modification to any portion of the Common Area, nor shall he install, attach, paste, hinge, screw, nail, build or construct any lighting, decoration or other article or thing thereto, or make any change in the exterior appearance, type, color, grade, height or location of any structure, without the prior written approval of the Committee or Board. Likewise, no alteration, improvement, or remodeling may commence in any Unit or in any Exclusive Use Common Area unless and until the prior written approval of the Committee or Board has been given, if such work is related to or could affect any of the following: (i) any building's electrical, HVAC, or plumbing systems, (ii) any building's resistance to water intrusion, its structural integrity or its exterior appearance, (iii) the level of noise transference, (iv)the Common Area, (v) the right to privacy and quiet enjoyment of any other Owner, or (vi) the right of any other Owner to the full ownership, alienation, occupancy, use, and enjoyment of his Unit. Any Owner wanting to do such work shall, before commencing the work, deliver to the Committee or Board the following: a. Request Form. Completed "Architectural Approval Request Form," a copy of which is attached hereto. b. Plans. Detailed plans and specifications of such alterations, showing the appearance, height, materials and color therefore, a plot plan showing the location thereof and appropriate grading plans, if requested, and a soils report for the site upon which the structure is to be or is located, if requested. c. Structural Support. If requested, a certificate by a structural engineer licensed in the State of California stating that no portion of the Common Area or of any other Unit will be impaired by the proposed construction. d. Permits. Copies of all building and other governmental permits required for the construction of the alterations. e. License and Insurance. Written proof to the Board's satisfaction that any and all contractors hired for the work are licensed and adequately insured.

20 f. Construction Agreement. A signed written construction agreement, if requested. 3. Covenant and Agreement. The Board has the authority to make approval under Section 2 contingent on the owner signing an agreement acceptable to the Board whereby the owner would agree to be responsible for maintaining the common area altered or improved by the owner and indemnify the Association from liability resulting from the alterations or improvements the owner makes to the common area. This document may be recorded in the chain of title to the owner's property and be binding on future owners of the unit. 4. No Liability for Approval. The approval and consent of the Committee or Board shall not relieve the Owner of the duty to satisfy the terms of the Association's governing documents and of all applicable laws, statutes, regulations, and codes; nor shall it provide a defense to a legal action by the Association, nor shall it give rise to any liability on the part of the Association or its representatives. 5. Compliance with Laws and Governing Documents. Notwithstanding the foregoing, it is the Owner, and not the Association, who must ensure that the final condition of the Unit and affected Common Area after the work is performed meets all applicable laws and regulations, is free of defects, meets all provisions of the Association's governing documents, and does not disturb the quiet enjoyment of any other Owner. Even though an alteration or improvement may not require approval of the Committee or Board does mean City approval is not required. It is the Owner, and not the Association, who must ensure that all City approvals, if necessary, are received. The approval or consent of the Association is revocable if it is later determined by the Board, in good faith, that the work performed by the Owner presents a threat to the health, safety, or quiet enjoyment, in which case the Unit and affected Common Area shall be restored to its prior condition or modified to the Board's satisfaction at the Owner's expense. 6. Review Fees. The Board may establish a schedule of fees which may be charged to the submitting party to defray any costs incurred by the Association including architectural and/or engineering consultant fees, legal fees, and expenses for reviewing plans. 7. Notice of Completion. Each Owner shall, upon the completion of any work that requires approval, promptly notify the Committee or Board of the nature and extent of any such repairs or improvements made or caused to be made. The Association may, at its option, inspect the work during the project and upon completion to ensure compliance with the Association s governing documents and with the scope of the approval given. The Notice of Completion shall be accompanied by a set of as-built plans reflecting any mechanical or structural work performed.

21 8. Mechanics Liens. Owners shall ensure that no lien is placed against any other Unit or against the Common Areas for labor or material furnished to their Units. If a lien is placed against the Common Areas and/or other Owners' Units and the responsible Owner does not immediately cause the removal of the lien, the Association may, after written notice to the responsible Owner, pay the amounts necessary to have the lien removed and levy a Special Assessment against the responsible Owner. 9. Disapprovals; Right of Appeal. Once all information required under Section 2 above is received by the Board, the Board must render its decision and notify the Owner in writing of the decision within 30 days. If work is disapproved the Board shall notify the Owner in writing of the disapproval and the reasons therefore and shall notify the applicant of his or her right to appeal as described below. The Owner shall have ten (10) days from the date he or she receives the disapproval to deliver written notification to the Board that he or she intends to appeal the decision. Thereafter, the Board shall hear the appeal within 30 days at a Board meeting that complies with the requirements of Civil Code Section and is open to the membership. Any appeal allowable under this section shall be held by the Board in executive session if requested by the Owner. A decision by the Board on appeal shall be final. 10. Record Keeping. The Committee and/or Board shall prepare and retain a written record of all submissions made for their respective approval together with all of their actions in response thereto.

22 Exhibit F IMPORTANT HOMEOWNER NOTICE Summary of the Association s Dispute Resolution Procedures (IDR and ADR) Internal Dispute Resolution (IDR) Procedures DESCRIPTION OF INTERNAL DISPUTE RESOLUTION PROCEDURE. (Civil Code 5900.) Meet & Confer. Associations must provide a "fair, reasonable and expeditious" procedure for resolving disputes between the association and its members without charging a fee to the member participating in the process. (Civil Code 5910.) The process is referred to as "Internal Dispute Resolution" (IDR) or "Meet and Confer." Default Procedure. If an association does not establish its own procedures, then the following procedures automatically apply (Civil Code 5915): 1. This policy applies to a dispute between the Association and a member involving their rights, duties, or liabilities under the Davis-Stirling Act, under the provisions of the Corporations Code relating to mutual benefit corporations (commencing with Corporations Code Section 7110), or under the Association s governing documents. 2. Either party to a dispute within the scope of this article may invoke the following procedure: a. The party may request the other party to meet and confer in an effort to resolve the dispute. The request shall be in writing. b. A member of the Association may refuse a request to meet and confer. The Association may not refuse a request to meet and confer. c. The Association's Board of Directors shall designate a member of the Board to meet and confer. d. The parties shall meet promptly at a mutually convenient time and place, explain their positions to each other, and confer in good faith in an effort to resolve the dispute. e. A resolution of the dispute agreed to by the parties shall be memorialized in writing and signed by the parties, including the Board designee on behalf of the Association. 3. A member of the Association will not be charged a fee to participate in the process.

23 DESCRIPTION OF ALTERNATIVE DISPUTE RESOLUTION PROCEDURES The California Legislature has established a public policy in this state that requires the use of Alternative Dispute Resolution ADR before resorting to litigation to resolve certain conflicts that arise in condominiums, planned developments and other common interest developments. The law requires every association to distribute a summary of the California Civil Code sections 5925 through 5965 to owners annually in its Annual Policy Statement prepared pursuant to Civil Code section 5310 PLEASE NOTE, Civil Code section 5965 states: Failure of a member of the association to comply with dispute resolution requirements of Section5930 of Civil Code may result in the loss of the member s right to sue the association or another member of the association regarding enforcement of the governing documents or the applicable law When Required. Parties to a dispute in common interest developments are required to offer alternative dispute resolution ("ADR"), i.e., methods of resolving disputes outside of court, before litigating a dispute. The most common forms of ADR are arbitration and mediation. This requirement applies to associations and their members whenever the dispute is solely for declaratory or injunctive relief, or for such relief in conjunction with a claim for damages not in excess of five thousand dollars ($5,000). "Endeavor" Requirement. The Davis-Stirling act also requires that before an association or a member files a lawsuit in superior court to enforce the Davis-Stirling Act, the Corporations Code provisions relating to associations, or the association s governing documents, the parties must endeavor to submit their dispute to a form of alternative dispute resolution (ADR) before a neutral third party i.e. mediation, arbitration or conciliation. Disputes which are not subject to this requirement are those which involve monetary damages in excess of $5,000, small claims cases, and certain assessment disputes. Attorneys' Fees. In an action to enforce the governing documents, the prevailing party shall be awarded reasonable attorney's fees and costs. Notice. The association must notify its members concerning both ADR and IDR dispute resolution procedures. Mediation. In light of the significant cost (in time and money) of litigation, the Davis-Stirling Act encourages associations and their members to resolve their disputes before lawsuits are filed. Mediation is considered to be the most effective (and cost-efficient) method of alternative dispute resolution because the mediator serves to facilitate negotiations between the parties, thereby helping them find their own mutually acceptable resolutions. Mediation is especially successful in homeowner association cases, since the parties have a continuing relationship and must continue interacting with each other after the dispute is concluded.

24 Insurance Summary Civil Code 5300(b)(9) The association must distribute a summary of the association s property, general liability, earthquake, flood, and fidelity insurance policies, as applicable. For each policy, the summary shall include the name of the insurer, the type of insurance, the policy limit, and the amount of the deductible, if any. To the extent that any of the required information is specified in the insurance policy declaration page, the association may meet its obligation to disclose that information by making copies of that page and distributing it with the Annual Budget Report. The insurance summary must contain, in at least 10-point boldface type, the following statement: This summary of the association s policies of insurance provides only certain information, as required by Section 5300 of the Civil Code, and should not be considered a substitute for the complete policy terms and conditions contained in the actual policies of insurance. Any association member may, upon request and provision of reasonable notice, review the association s insurance policies and, upon request and payment of reasonable duplication charges, obtain copies of those policies. Although the association maintains the policies of insurance specified in this summary, the association s policies of insurance may not cover your property, including personal property or real property improvements to or around your dwelling, or personal injuries or other losses that occur within or around your dwelling. Even if a loss is covered, you may nevertheless be responsible for paying all or a portion of any deductible that applies. Association members should consult with their individual insurance broker or agent for appropriate additional coverage.

25 Exhibit G SCHEDULE OF MONETARY FEES, FINES AND PENALTIES. ENFORCEMENT OF RULES Each violation of the Governing Documents, including the CC&R's and the Rules and Regulations, is an infringement of the rights of all other Owners. Violators are responsible for the actions they take, and ignorance of rules does not preclude enforcement. The Association reserves the right to exclude any person who is not an owner or resident from entering the Development if such person violates or refuses to comply with the Governing Documents, and to assess fines and other sanctions against Owners for violations committed by residents and guests in accordance with the procedures set forth herein. 1. Sanctions. The Board of Directors may suspend voting rights, suspend the right to use Association facilities, and/or impose a monetary fine for any violation of the Governing Documents. No suspension or fine shall be imposed without a hearing as described below. Fines may be imposed either on a one-time basis or on a per day basis for ongoing violations. 2. Schedule of Fines: a. First Violation: A warning letter/notice will be sent to the Owner and/or resident with a request for immediate compliance. A fine not exceeding $50 may be levied for the first violation after a hearing as set forth below. b. Second Violation: If the infraction occurs again, a second letter/notice will be sent. A fine not exceeding $100 may be levied for the second violation. c. Third Violation: If the infraction occurs again, a second letter/notice will be sent. A fine not exceeding $150 may be levied for the third violation. d. Fourth and Subsequent Violations: In the event the infraction occurs again, further letters/notices will be sent. A fine not exceeding $200 may be levied for the fourth violation and for each violation thereafter. If any violation is continuing, in addition to the base fine described above, a fine shall continue to accrue at $10 per day until there is compliance. The Association may also retain an attorney to obtain compliance with the Governing Documents. If an attorney is retained, regardless of whether litigation is or is not commenced, the owner will be responsible for all attorney fees and costs incurred to enforce the Governing Documents. 3. Notification of Violation. Owners shall be notified in writing of any alleged violation, and shall promptly cure the violation if it is of a continuing nature.

26 4. Hearing Procedures. The levying of fines and suspension of privileges shall be subject to the following notice and hearing procedures: a. Notice of Hearing. Notice shall be in writing and given either personally or by prepaid first class mail to the most recent address of the owner as shown in the Association's records. The notice shall describe the nature of the violation, the potential sanctions, the date and location of the hearing, and the owner's right to present evidence in his or her defense. Such notice shall be sent at least ten (10) days before the proposed date of the hearing for violations. b. Hearing. The person being charged shall be given an opportunity to be heard, either orally or in writing, at a hearing to be held by the Board of Directors, who shall review the alleged violation and evaluate the evidence. The hearing shall be held in executive session. c. Notice of Decision. Within fifteen (15) days after the conclusion of the hearing, the Board of Directors shall give notice of its decision personally or by first class mail, which notice shall specify the rule violated and the sanction imposed for violations of the Governing Documents. 5. Judicial Enforcement. The remedies provided above are cumulative. Thus, with or without resort to the previous enforcement options, the Board of Directors may file a legal action for damages or injunctive relief for the purpose of enforcing the Governing Documents. 6. Reporting a Violation. To report a violation of the Governing Documents, the Owner or resident must submit a complaint in writing to the Association's management office. No action will be taken based on verbal complaints. The written complaint shall include a description of the violation, the date and time of the violation, any available information regarding the identity of the violator, such as the person's name, address, vehicle license number, make and model of vehicle, and/or physical description. The complaint must be signed and dated."

27 Exhibit H NOTICE TO OWNERS REGARDING ABILITY TO OPT-OUT OF HAVING NAME ON MEMBERSHIP LIST Civil Code Section (a)(1)(I)(iii) An owner may request that the Association provide him or her with a copy of the membership list, including the names, property address and mailing address of each owner. The owner s request must be writing and must set forth the purpose for which the list is requested, which purpose must be reasonably related to the requester s interests as a member of the Association. The Association will be obligated to provide the owner with a copy of such membership list unless it reasonably believes that the owner will use the information for another purpose. Pursuant to Civil Code Section (a)(1)(I)(iii), a member can opt out of having his or her name and address(es) included on a membership list which must be distributed to owners upon request. If you would like to opt out of having your name included on a membership list which may be distributed to another owner upon request, Please complete the following form and return it to the Association Please note that your opt-out will remain in effect until further notice from you. To Whom It May Concern, Notice to Association Please remove my name and address(es) front me membership list in accordance with Civil Code Section l365(a)(1)(i)(iii) until further notice from me. Date Print Name: Property Address: Mailing Address (if different): City State Zip Association Name: City State Zip Signature:

28 Exhibit I FHA DISCLOSURE Certification by the Federal Housing Administration may provide benefits to members of an association, including an improvement in an owner s ability to refinance a mortgage or obtain secondary financing and an increase in the pool of potential buyers of the separate interest. This common interest development is a condominium project. The association of this common interest development is certified by the Federal Housing Administration.

29 Exhibit J VA DISCLOSURE Certification by the federal Department of Veterans Affairs may provide benefits to members of an association, including an improvement in an owner s ability to refinance a mortgage or obtain secondary financing and an increase in the pool of potential buyers of the separate interest. This common interest development is a condominium project. The association of this common interest development is not certified by the federal Department of Veterans Affairs.

30 Exhibit K NOTIFICATION REGARDING THE POSSIBLE PRESENCE OF ASBESTOS CONTAINING CONSTRUCTION MATERIAL Under California law (specifically, Health and Safety Code Section ), owners of buildings constructed prior to 1979 must notify owners and their respective employees within the building, of any knowledge they might have regarding any asbestos-containing construction materials ("ACM") in the building, which are those containing detectable quantities of asbestos, legally defined as containing more than one-tenth of one percent (>0.1%) by weight for some materials, or one percent (>1%) for other materials. This notification is to inform you about the possibility of ACM which may be discovered, following the fire in two Units, and to provide the required information to help you avoid any unintentional contact with the ACM, to ensure proper precautions are taken before contacting any ACM, and to ensure proper disclosures to purchasers and any other necessary persons. At the present time, affected areas, if any, would be limited to any Units or areas where acoustic materials, ceiling or drywall skim coats, joint compound, or structural adhesives may have been physically damaged by the fire or during the firefighting efforts. Debris in Units or elsewhere will be isolated with plastic according to necessary protocols, if the presence of ACM is confirmed. Otherwise, the hallways, corridors, and Units sustaining only smoke damage, are not believed to pose any risk of contact with ACM at this time. Whenever any work is being done in affected areas, the areas will be off limits to all persons except workers involved in the project. Please observe any posted signs and comply with all instructions regarding access. The Association has engaged qualified consultants to evaluate and abate any asbestos that might be discovered in accordance with all applicable federal, state and local laws and regulations. Upon the completion of any needed abatement work, the Association will implement, if appropriate, an asbestos management plan that may include, among other things, periodic re-inspection and surveillance, air monitoring, information and training programs for building engineering and maintenance staff, cleaning procedures, emergency fiber release procedures, work procedure and other measure to minimize potential fiber release. The Association and its consultants have not yet confirmed the presence of ACM, and have no reason to believe that any asbestos not being abated at this time is in a condition to release asbestos fibers or pose a significant health hazard; any other such materials should not pose a significant health hazard as long as it is properly handled and remains undisturbed. Please be advised that the Association's knowledge as to the absence of health risks is based solely upon general information and the information provided by the Association's qualified consultants.

31 Date: 11/26/2015 NAME OF ASSOCIATION: Village Northridge HOA Effective January 1, 1997 California Civil Code Sections 1365 requires that Associations send an insurance disclosure statement to each of its members within sixty (60) days preceding the beginning of the Association s fiscal year. Our Association carries the following coverage s: PROPERTY & GENERAL LIABILITY: Insurer: Farmers Insurance Exchange Policy Number: Policy Term: November 29, 2015 November 29, 2016 Property Coverage: $18,700,000 Property Deductible: $5,000 General Liability: $2,000,000 per occurrence; $4,000,000 aggregate AUTO LIABILITY: Insurer: Farmers Insurance Exchange Policy Number: Policy Term: November 29, 2015 November 29, 2016 Hired Auto Liability: $2,000,000 Non-Owned Auto Liability: $2,000,000 UMBRELLA Insurer: Truck Insurance Exchange Policy Number: Policy Term: November 29, 2015 November 29,2016 Liability Limit: $1,000,000 DIRECTORS AND OFFICERS LIABILITY: Insurer: Farmers Insurance Exchange Policy Term: November 29, 2015 November 29, 2016 Liability Limit: $2,000,000 Deductible: $1,000 FIDELITY BOND: Insurer: Farmers Insurance Exchange Policy Number: Coverage Limit: $700,000 Deductible: $5,000 This summary of the Association s policies of insurance provided on certain information, as required by subdivision (e) of Section 1365 of the Civil Code and should not be considered a substitute for the complete policy terms, exclusions, and conditions contained in the actual policies of insurance. Any Association member may, upon request and payment of reasonable duplication charges, obtain copies of these policies. Although the Association maintains the policies of insurance specified in this summary, the Association s policies of insurance may not cover your property, including personal Property, or real property, improvement to or around your dwelling, or personal injuries or other Losses that occur with or around your dwelling. Even if a loss is covered, you may be responsible for paying all or a portion of any deductible that applies. Association members should consult with their individual insurance broker or agent for appropriate coverage. Contact Information: Farmers Insurance Mark Howe 6593 Collins Drive Suite D-12 Moorpark, CA Phone: Fax:

32 --l ACOR ORD" ^ CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY) 11t26t2015 THIS CERTIFICATE IS ISSTJED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS GERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTTTUTE A CONTRACT BETWEEN THE SSU NG TNSURER(S), AUTHORTZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: lf the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. lf SUBROGATION ls WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement, A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER ixfii?'' Mark Howe Mark Howe(306183W) 6593 Collins Dr Ste D-12 Moorpark CA INSURED VILLAGE, NORTHRIDGE HOA, INC ATTN: RON STONE AVENIDA DEL SOL NORTHRIDGE CA l'jl3\1,*, b iil$ett' mhowe(dfarmersaoent com lia n.. 8os INSURER(S) AFFORDING COVERAGE NAIC # TNSURERA : Truck Insurance Exchanqe tnsurer B: Farmers Insurance Exchanqe TNSURER c, Mid century Insurance companv INSURER D : INSURER E : INSIIRFR F. COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAIVED ABOVE FOR THE POLICY PERIOD INDICATED NOTWITHSTANOING ANY REQUIREIVENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUIVENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERI\iIS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES, LIIVITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIIVS, NSF LTR B TYPE OF INSURANCE GEI x,ieral LIABILITY _9!MMenCrAL oenerr_ 114r'r'rt I curvs-'uroe lx I occun GEI X ADUI INSR POLICY NUMBER POLICY EFF IMM/DD/YYYYI POLICY EXP /MM/DD/YYYYI I N t29t2016 LIMITS EACH OCCURRENCE s 2,000,000 UAMAUI IURENIIU PRFMISFS 1F, occ"rcnce) $ 75,000 MED EXP (Anv one oerson) $ 5,000 PERSONAL & ADV INJURY $ 2,000,000 GENERAL AGGREGATE s 4,000,000.I'L AGGREGATE LIMIT APPLIES PER: PRODUCTS - COMP/OP AGG s 2,000,000 AU IOMOBILE LIABILITY f,mbined SINGLE LIfuIIT s 2,000,000 $ B A X X ANY AUTO ALL OWNED AUTOS HIRED AUTOS UMBRELLA LIAB EXCESS LIAB l---l cnucnr rr cn I AUTOS I l\,/ NON-OWNED I /\ AUTos tl X OCCUR t29t t29t2016 CLAIMS-MADE t29t t29t2016 BODILY INJURY (Per person) $ BODILY INJURY (Per accident) $ PROPERTY DAMAGE $ $ EACH OCCURRENCE s 1,000,000 $ DED I I RETENTION S $ WORKERS COMPENSATION wl;statu- luthandemployers'ltabtltty Y/N ANY PROPRIETORYPARTNEFYEXECUTIVE E L EACH ACCIDENT $ OFFICERYMEMBER EXCLUDED? N/A I (Mandatory in NH) - E L DISEASE - EA EMPLOYEI $ lf yes, describe under ntrqcplptlnn nf OPFRATInNq halnu, E L DISEASE - POLICY LIN4IT $ B Property Coverage HO-6 Unit OwnersMalls ln t29t t29t2016 Bldg Coverage - $18,700,000 HO-6 Unit Owners - $3,236,800 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (Attach ACORD 1 01, Additional Remarts Schedul, if more space is required) LINDLEY AVE, NORTHRIDGE, CA CANCELLATION PENTAGON FEDERAL CREDTT UNrON rts SUCq PO BOX 2489 sloux clty ta SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE ACORD ACORD CORPORATION, All rights reserved. The ACORD name and logo are registered marks of ACORD

33 ACORif CERTIFICATE OF PROPERTY INSURANCE OATE (MM/DD/YYYY) 11t26t2015 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW, THIS CERTIFICATE OF INSURANCE DOES NOT CONSTTTUTE A CONTRACT BETWEEN THE SSU NG TNSURER(S), AUTHORTZED REPRESENTATIVE OR PRODUCER. AND THE CERTIFICATE HOLDER. lf this certificate is being prepared for a party who has an insurable interest in the property, do not use this form. Use ACORD 27 or ACORD 28, PRODUCER Mark Howe(306183W) 6593 Collins Dr Ste D-12 Moorpark CA INSURED VILLAGE, NORTHRIDGE HOA, INC ATTN: RON STONE AVENIDA DEL SOL NORTHRIDGE CA ixllll"' Mark Howe lljp\e^ --,, iiffi!.., mhowe@farmersagentcom customfr rn l# "^, s3 INSURERIS) AFFORDING COVERAGE NAIC # tnsurera, Truck Insurance Exchanoe tnsurerb; Farmers Insurance Exchange tnsurer c: Mid Century Insurance Companv INSURER D : INSURER E : INSURER F : COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: LOCATIONOFPREMISES/DESCRIPTIONOFPROPERTY (AttachACORD'10'l,Additional RemarksSchedule,itmorespaceisrequired) LINDLEY AVE, NORTHRIDGE, CA, THIS IS TO CERTIFY THAT THE POLICIES OF INSUMNCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREI\4ENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE NIAY BE ISSUED OR IVAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIIVS. INSR LTR B TYPE OF INSURANCE POLICY NUMBER POLICY EFFECTIVE DATE (MM/DD/YYYY) POLICY EXPIRATION DATE (MM/DD/YYYY) COVERED PROPERTY _l PROPERTY X BUILDING s 18,700,000 CAUSES OF LOSS DEDUCTIBLES X PERSONAL PROPERTY $ 50,100 BASIC BUSINESS INCOME $ 5,000 BROAD EXTM EXPENSE q X SPECIAL 5,000 RENTAL VALUE $ EARTHQUAKE BLANKET BUILDING $ t29t t2016 WIND BLANKET PERS PROP $ FLOOD BLANKET BLDG & PP $ $ LIMITS INUND MARINE cat ISES OF LOSS NAMED PERILS TYPE OF POLICY POLICY NUMBER $ CRIME $ TYF OF POLICY I BOILER & MACHINERY / $ SPECIALCONDITIONS/OTHERCOVERAGES (AttachACORDl0l,AdditionalRemarksSchedule,ifmorespaceisrequired) INTERNATIONAL CITY MORTGAGE INC ISAOA 333 S ANITA DR STE 3OO SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF. NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ORANGE CA ACORD ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD