Westview House Condominium

5. Amendment 5

   The amendment extends the term of the Offering Plan by one year from its date, and its earlier numbered changes are cut off in the text, so they cannot be identified.

   • Offering Plan term extended for one year from the date of the amendment
   • Earlier numbered changes are cut off in the OCR text and cannot be determined
   • States that no other material changes are included beyond those listed in the amendment

4. Amendment 4

   This Fourth Amendment updates the Reserve and Working Capital Fund balances, sets a 2024 budget with higher maintenance and electric charges, reports the Sponsor's unsold shares and sales, and confirms that the Sponsor still controls the Board.

   • Monthly Maintenance Charge raised by 35 cents per share (approximately 3%) to $1.0283 per share
   • Monthly electric assessment raised by 6 cents per share to $.12 per share
   • 2024 Budget effective January 1, 2024, with total income and expenses of $7,233,984
   • Reserve Fund balance as of July 31, 2024 is $321,444
   • Working Capital Fund balance as of July 31, 2024 is $138,073
   • Sponsor owns 220 unsold apartments as of July 31, 2024, and has sold approximately 41% of total Shares, with gross sales proceeds of approximately $66,386,861
   • No additional Special Sponsor Contribution is due now; it is 10% of gross sales proceeds once 75% of all Shares are sold or proceeds exceed $70,000,000, whichever is earlier
   • Board remains entirely Sponsor-controlled; a meeting to elect a non-Sponsor Board will be called within approximately 60 days after the Sponsor Cooperative Control Period ends, but not sooner than 12 months from First Closing

3. Amendment 3

   This third amendment updates the Westview reserve and working capital balances, the 2023 budget, sponsor unsold-share figures, board control, capital work, and management company, and extends the plan term by one year.

   • Reserve Fund balance is $1,464,756.47 and Working Capital Fund balance is $285,855.72, both as of June 30, 2023
   • 2023 Budget effective January 1, 2023, with total projected income and expenses of $6,333,308
   • Maintenance Charges unchanged at $.999 per share; electric assessment unchanged at $.115 per share per month
   • Sponsor owns 226 unsold apartments as of June 30, 2023, and has sold approximately 39% of total shares
   • No additional Special Sponsor Contribution is due at this time; gross sales proceeds are approximately $60,341,861
   • Board of Directors is entirely designated and controlled by the Sponsor until a shareholder meeting is held
   • Capital work in process: hallway painting and carpet, electrical panels and submeters, electrical risers, and pool area renovation; lobby, community rooms, and backyard work expected soon
   • First Service Residential LLC became managing agent effective April 1, 2023, after acquiring Charles H. Greenthal Management Corp.; the plan term is extended one year

2. Amendment 2 _ 2022

   This second amendment reports sales, reserve and sponsor financial status as of June 30, 2022, adopts the 2022 budget with unchanged maintenance charges, raises prices for listed apartments, and extends the plan term by one year.

   • Offering plan term extended one year from the amendment date
   • Purchase prices of apartments listed in Exhibit D increased
   • 2022 budget effective January 1, 2022 adopted; maintenance charges unchanged at $.999 per share monthly
   • Electric assessment unchanged at $.115 per share per month
   • 128 apartments sold as of amendment date (116 affordable, balance market); sponsor owns 234 unsold apartments as of June 30, 2022
   • Capital work in process includes hallway painting, carpet, electrical panels and submeters, pool, gym, and roofing; funded from Reserve Funds
   • Reserve Fund balance $1,829,591.00 and Sponsor Special Contribution Fund balance $227,207.00 as of June 30, 2022
   • Sponsor credited $120,095.44 against its next Special Sponsor Contribution installment; Sponsor Transfer Fee of $1,500,000 paid in full

1. Amendment 1 August _ 2021

   The amendment declares the Plan effective on July 20, 2021, based on 124 purchase agreements from Mitchell Lama tenants, and raises the purchase prices of 12 listed apartments.

   • Plan declared effective July 20, 2021, on 124 accepted purchase agreements (34.4% of the 360 cooperative apartments offered)
   • No closings may be scheduled until the Department of Law accepts this Effectiveness Amendment
   • Purchase prices raised for 12 apartments listed in Exhibit C, including 625-737 at $2,000,000 and 625-1330 at $1,300,000
   • Superintendent's apartment excluded from the count of cooperative apartments used to declare effectiveness (361 total, including the superintendent's)
   • Sponsor states there are no material first-year budget changes not already disclosed in a filed amendment

Summarized from the amendments' text (scanned ones read with OCR); the filings themselves are on the Attorney General's site. 5 of 7 amendments summarized so far.