Kane Property Management Corp.

Kane Property Management Corp. shall:

1. Assist in opening an Operating and Reserve Account,  BOTH at the highest available interest rate.
2. Maintain account ledgers and history for each homeowner.
3. Prepare and distribute a monthly accrued financial statement that includes an balance sheet, income statement, bank reconciliation report, check register report, accounts payable report, and delinquency report.
4. Printing and mailing of coupon payment booklets or statements to all unit owners.
5. Prepare and submit to the Board, a proposed annual operating and reserve budget and assist in the preparation and dissemination of the final budget.
6. Perform ongoing budget analysis and continually monitor cost trends in the area to avail the Association of the most economical operational practices.
7. Maintain a computerized corporate ledger which includes all receipt and disbursement information which shall be available for inspection by the Board upon request.
8. Prepare the annual financial report and disseminate to each Homeowner at the discretion of the board and expense of the Association.
9. Prepare any additional financial reports requested by the Board.
10. Review billing for accuracy in costs and goods received, making out checks for approved invoices and payroll (if there are employees).
11. In connection with Association employees, prepare all payroll tax reports and disburse payment of same. Maintain an employee file.
12. Maintain a check register and payable journal while performing regular bank reconciliations.
13. Upon request, provide individual Homeowners with the status of their own account and coordinate the solution of any discrepancies that may occur between the official record and a Homeowner’s record.
14. Maintain a comprehensive ‘bills-paid’ file that shall be open to inspection by the Board at any time.
15. Provide the Board of Directors with monthly statements of delinquent accounts.
16. Generate and mail out the correspondence necessary to bring delinquent accounts up to date and if unsuccessful in collecting, recommend the appropriate legal action.
17. Assist and cooperate with any outside auditing firm that may be retained by the Board.

Kane Property Management Corp. shall:

1. Supervise all maintenance activities as shall be deemed necessary by the Board of Directors.
2. Upon request, furnish Board members with the latest in community association operational information.
3. Solicit bids for special programs and implement and supervise the completion of such programs; reporting the progress of same to the Board as required.
4. Receive, advise and process service requests by Homeowners per guidelines laid out by the Board of Directors.
5. Prescribe long-range maintenance programs and provide input to the Board as to alternative programs for solution to specific problems.
6. At the direction of the Board, compile and implement and from time-to-time, revise a comprehensive maintenance schedule that will encompass both the day-to-day maintenance activities, as well as incorporate long-range preventative maintenance programming.
7. If required, formulate, implement and supervise a security program in accordance with input from the Board. Maintainall records and reporting associated with this program.
8. Create weekly project reports for the Board of Directors review based upon Board of Directors instruction.
9. Perform weekly inspections of the property and submit to the Board of Directors an Inspection Report.

Kane Property Management Corp. shall:

1. Assist in the development and implementation of a Management Plan
2. Perform administrative record keeping
3. Maintain communication and correspondence with property owners
4. Review and assisting with the placement of insurance
5. Assist in development and enforcement of property rules and regulations
6. Prepare written reports to Board of Directors
7. Research property improvement programs for discussion with property owners and/or Board of Directors
8. Provide input to the Board as to changes in State and Federal COA/HOA Laws or rules.
9. Attend all scheduled meetings of the Board of Directors or Homeowners.
10. Prepare and file on behalf of the Association, all legal reports required under Federal and State Law (excluding tax returns).
11. Secure, on behalf of the Association, all necessary permits for operation of association facilities.
12. If requested by the Board, procure information as to any proposed purchasers or lessees of a unit and process the necessary forms pursuant to Board approval.
13. At the direction of the Board, obtain premium quotations for such insurance as shall be deemed necessary.
14. Assist Association legal counsel in whatever actions are required.
15. Act as agent for the Board of Directors in carrying out each and every program it deems necessary regarding the common activity of the Association.
16. Assist the Board of Directors in dealing with the Homeowner’s affairs and provide input as to prudent courses of action.
17. On behalf of the Association, and at their direction, attempt to secure compliance with the Assocation’s Rules and Regulations by all owners, guests and lessees.