Element 88 Condominium

Amendment 6 Feb 25, 2020

Sixth amendment confirms temporary certificate of occupancy issued January 28, 2020, lists three unsold units, and extends the offering plan term by twelve months.

• Temporary certificate of occupancy issued January 28, 2020
• Final certificate of occupancy anticipated by end of 2020
• $5,000.00 deposited in escrow for final certificate costs
• Three unsold units: C1, C2, PH1 with monthly common charges and taxes listed
• Sponsor relinquished board control on August 13, 2019
• Budget for June 1, 2020 – May 31, 2021 totals $210,681.00
• Offering plan term extended twelve months from amendment acceptance date

Amendment 4 Feb 21, 2019

Fourth Amendment revises parking unit sizes and designations, updates the smoking policy, adds FinCEN reporting requirements, and extends the plan term by six months.

• Parking Units PS8 and PS14 redesignated for motorcycle parking only
• Parking Unit PS16 designated as handicapped parking space
• Common interest appurtenant to Residential Unit 3C revised
• Schedule A revised to reflect parking and common interest changes
• Smoking prohibited in front of building, Limited Common Elements, Common Elements, Parking Units, and Storage Units; permitted in Residential and Commercial Units
• FinCEN Geographic Targeting Order reporting requirements apply to residential purchases of $300,000 or more meeting specified criteria
• Plan term extended six months from date amendment is accepted for filing

Amendment 3 September 2018

Plan declared effective upon sponsor's acceptance of purchase agreements for seven residential units representing 20% of all units.

• Seven residential units (20% of all units) have accepted purchase agreements
• Plan declared effective upon filing of this amendment
• Sponsor affirms all purchasers are bona fide and meet regulatory requirements

Amendment 2 Apr 12, 2018

Amendment corrects Unit 5D bathroom count, updates architect's report and Schedule A, adds tax law and financial reporting disclosures.

• Residential Unit 5D has one (1) bathroom, not two (2) as initially stated
• Revised architect's report dated May 30, 2018 and architect's certification added
• Revised Schedule A reflecting Unit 5D bathroom correction and modified sizes of Storage and Parking Units
• Added Special Risk disclosure about Tax Cuts and Jobs Act of 2017 affecting tax information in plan
• Added disclosure of FinCEN Geographic Targeting Order reporting requirements for cash purchases $300,000 or more effective May 21, 2018

Amendment 1 Mar 30, 2018

Offering prices revised for 17 residential units.