At Time of Turnover:

· GHOHLLC will have a recommended budgetary plan for 2021 and the immediate future of GHCA.

· All developer financial obligations have been met.

· All assets have been identified and their ongoing & replacement costs have been estimated.

· All financial services/commitments have been identified and their cost estimated.

· All GHCA staffing requirements costs have been estimated.

Goals:

To fund the various support organizations that will be required to provide expert knowledge and advice in preparation for negotiations with the developer and turnover to Grand Harbor home owners. To date GHOHLLC has engaged an engineering company and a legal firm,
both of which have had extensive experience in similar type situations.
More partners may be needed as we go forward.

Please note: GHOHLLC’s only source of funding is the existing HOA’s.

To allow the individual HOA’s to include GHCA financial support in their 2021 budgets, a budgetary estimate will be provided approximately 60 days prior to the actual turn over, i.e.
November 1, 2020.  GHOHLLC Team will have a recommended GHCA budget that will cover
the costof providing ongoing services i.e. landscaping, electricity, maintenance, etc.
and cover the cost of replacement, upkeep etc. of all Grand Harbor assets.
This will require the developer to meet his financial obligations to the GHCA reserves.