DEVELOPING AND CREATING CONDOMINIUM PLANS

OUTLINE

April 11, 2006

Presented by:

Patrick J. Kelly, Esq. & Chad Lemmons, Esq.
Kelly & Lemmons, P.A.
2350 U.S. Bancorp Piper Jaffray Plaza
444 Cedar Street
Saint Paul, Minnesota 55101
Phone No. (651) 224-3781
Facsimile No. (651) 223-8019
Website: www.kellyandfawcett.com
E-mail Address: pkelly@kellyandfawcett.com or clemmons@kellyandfawcett.com

1. Defining a Condominium (Mr. Lemmons, 15 min.)

1. Terms/Definitions
2. Applicable Statutes
3. Other Local Regulations

2. Application of the Condominium Concept (Mr. Lemmons, 15 min.).

1. Residential – Single Building
2. Residential – Subdivision
3. High Rise Structures
4. Retail
5. Commercial
6. Mixed-Use

3. New Project (Mr. Kelly, 60 minutes).

1. Development.
   1. Site
   2. Zoning Approvals
   3. Other Rules and Regulations
   4. Recording Requirements
   5. Process and Consideration
2. Design.
   1. Approval Process
   2. Site Plan
   3. Common Area.
   4. Units
   5. Customization
3. Construction Process
   1. Timeliness
   2. Access Rights
   3. Quality
   4. Phased Completion
   5. Close – Out
   6. Call Back and Warranty Items
4. Project Management Issues.
   1. Risk Allocation
   2. Experienced Management Personnel
   3. Contract Coordination
   4. Dealing with Buyers

4. Financial Aspects of Condominium (Mr. Lemmons, 30 min.).

1. Mortgages
2. General Tax Issues
3. Property Tax Issues
4. Transfer Taxes
5. Recording Fees
6. Legal Fees

5. Common Areas (Mr. Lemmons, 15 min.).

1. Defining Common Area
2. Development
3. Upkeep
4. Acceptable Uses
5. Restrictions
6. Exclusive Use Areas

6. Special Issues (Mr. Kelly and Mr. Lemmons, 30 min.).

1. Parking
2. Phased Projects
3. Single Unit Improvements
4. Political Concerns
5. Construction Defects

7. Liability Issues (Mr. Kelly, 20 min.).

1. Single Unit Owner Liability
2. Association Liability
3. Joint and Several Liability
4. Types of Claims
5. Available Insurance

8. Ethics (10 min.).

This Seminar on Condominium Development will give you the opportunity to hear expert advice and learn about topics including:

• What constitutes a condominium and the different types of condominiums
• The planning involved for the development of a condominium (from site and zoning approvals to dealing with buyers)
  Common Areas
• Financial Aspects of Condominium
• Special Issues: Parking, Phased Projects, Single Unit Improvements, Political Concerns and Construction Defects
• Liability Issues: Single Unit Owner Liability, Association Liability, Joint and Several Liability, Types of Claims and Available Insurance.