BULLETIN NO: 2024-16<\/p>\n
je<\/p>\n
Village de Laguna Woods<\/p>\n
BULLETIN DATE | July 1, 2024<\/p>\n
ISSUED BY<\/p>\n
Jeff Spies<\/p>\n
Community Services Manager<\/p>\n
INFORMATION BULLETIN<\/p>\n
MUTUEL<\/p>\n
Mutuelle United Laguna Woods<\/p>\n
Community Services Division<\/p>\n
AUTHORITY<\/p>\n
Resolution 01-24-60<\/p>\n
Resolution 01-24-62<\/p>\n
ADOPTED DATE | June 11, 2024<\/p>\n
SUBJECTS: Revised United Laguna Woods Mutual Financial Qualifications and Revised<\/p>\n
Alteration Standard 11: Doors – Exterior<\/p>\n
On June 11, 2024, the United board of directors adopted revisions to its financial qualifications<\/p>\n
(Resolution 01-24-60), and revised Alteration Standard 11: Doors \u2014 Exterior (Resolution 01-24-62)<\/p>\n
See a breakdown of each resolution below:<\/p>\n
By way of Resolution 01-24-60, the board amended Section II Definitions and Section Ill (D) –<\/p>\n
Ownership of Multiple Memberships of its financial qualification requirements by adding the<\/p>\n
following language recognizing Third Mutual’s multiple-unit-owner requirements:<\/p>\n
United recognizes Third Mutual’s multiple-unit-owner requirements. As a condition of<\/p>\n
approval, any applicant who desires to purchase more than one (1) unit or already<\/p>\n
owns at least one (1) unit in Third Mutual or Laguna Woods Mutual No. Fifty shall<\/p>\n
submit satisfactory verification of annual income and net worth requirements.<\/p>\n
Therefore, members who wish to purchase an additional unit in United Mutual must<\/p>\n
separately satisfy Third Mutual’s stepped-up income\/asset requirements, as now<\/p>\n
established or as may be amended in the future.<\/p>\n
By way of 01-24-62, the board approved revisions to Alteration Standard 11: Doors – Exterior to<\/p>\n
reflect current industry standards and improved design options. Door types, materials, hardware,<\/p>\n
and finish were also updated and clarified.<\/p>\n
The installations will be considered alterations, and all installation costs, maintenance, repair<\/p>\n
and\/or removal will be the responsibility of the member. The cost to repair any damage to mutual<\/p>\n
property resulting from an alteration will also be borne by the responsible member.<\/p>\n
To find the updated financial qualifications, visit lagunawoodsvillage.com > Neighborhoods ><\/p>\n
Realtor & Escrow Information > Financial Qualifications and select United Laguna Woods Mutual.
\nTo find the complete United Alteration Standard 11: Door – Exterior document, visit<\/p>\n
lagunawoodsvillage.com > Residents > Manor Alterations and select United Alterations Standards.<\/p>\n
Realtors and escrow officers must inform their staff and clients of these guidelines.<\/p>\n
Important: Please always refer to the website for the most current documents. The location for all<\/p>\n
mutual policies may change with the completion of the redesigned website.<\/p>\n
Email any questions about the financial qualifications to resalesrequirements@vmsinc.org and any<\/p>\n
questions about the standard to alterations@vmsinc.org.<\/p>","protected":false},"author":2,"featured_media":0,"template":"","document_category":[1227],"document_type":[53],"class_list":["post-50361","document","type-document","status-publish","hentry","document_category-realtor-info-bulletins","document_type-other"],"acf":{"document":48207,"resolutions":null,"legacy_id":"9685","pdf_extracted_text":""},"yoast_head":"\n