501 Fanshaw L 501, Boca Raton, FL 33434 (MLS# R10054700)

Supplements: FANSHAW CONDO DOCUMENTS INCLUDE: *Original Declaration of Condominium *Articles of Incorporation *Original By-Laws *Original Management Agreement *And 20 recorded FANSHAW amendments to the above items. All administration, maintenance, and activities of Century Village are funded with monthly coupon payments to two separate entities: One coupon i ... (Read more) FANSHAW CONDO DOCUMENTS INCLUDE: *Original Declaration of Condominium *Articles of Incorporation *Original By-Laws *Original Management Agreement *And 20 recorded FANSHAW amendments to the above items. All administration, maintenance, and activities of Century Village are funded with monthly coupon payments to two separate entities: One coupon is payable to Cen-West Communities, Inc., a private corporation controlled by the corporate developers. A portion of that revenue is allocated to Borec, Inc. Borec is responsible for administration of the Clubhouse and various recreational facilities throughout the Village. All residents are offered classes, clubs, a library, meeting rooms, a party room for club or condominium association functions, a fitness center, billiard room, and more. The Clubhouse is equiped with Wi-Fi. There is live entertainment year-round in a 1,252 seat theater. Current movies are shown several times each week. The remainder of the Cen-West Communities coupon provides for operation of the common elements that do not belong to an individual condo association. This payment funds roads, lighting, security, bus service (both internal and external), landscaping, and administrative offices to handle resident ID's, auto decals, guest passes, and an in-house TV Channel 63. Day-to-day operation of the Village is delegated by Cen-West Communities to an on-site Administrator. The other monthly coupon is payable to your condo association. Each association is a separate corporation under Florida Statutes 718, the Florida Condominium Act. Everything within the boundaries of an association, with the exception of the satellite pool, is association business. The business is run by a board of directors elected by the unit owners; the officers are elected by the board. All business is done on behalf of the unit owners. The business includes maintenance, finance, insurance, resales and rentals, landscaping, janitorial, etc. The association board of directors is a resident's initial contact for problems to be resolved. Boards are required by statute to meet at least twice a year (an annual meeting and a budget meeting). Meetings are open to all residents. Each association contracts with The Continental Group, Inc., to manage the association business. Continental dedicates 3 full-time property managers to the Village and employs a full-time staff to service the condo buildings and common areas. Continental's responsibilities include administration, landscaping, maintenance, and janitorial. The company maintains a local office dedicated solely to meeting the obligations of its contracts with the associations and a separate landscaping contract it has with Cen-West Communities. Continental's customer service department is available daily and is on-call 24 hours a day to address emergency situations s.