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The Sandscript

Christmas 1978, Sea Pines, Brewster, Massachusetts

CMJ'S CORNER

GREETINGS!
This is my first official message to you as CMJ's new representative to your Homeowner Association. During the past several months I've met with several of your Association members, particularly John Lobingier. I'd like to express my thanks to John for his help and for the professional way in which he performs his duties as Chairman of the Grounds & Maintenance Committee.

May I offer you on behalf of all of us at CMJ our most cordial wishes to you and your families for an enjoyable holiday season and a very Happy New Year.

Paul Estabrook

OVERLOOK UNDERWAY
Construction on the Overlook began in October. The first Bay House, a duplex-style two-level building, is now being completed. The Bay House is a very flexible design which can be expanded to suit the buyer's needs. The basic plan calls for one bedroom and one bath on the first floor with an unfinished second level. At the buyer's option the second floor can be finished to include a bath and either one or two additional bedrooms. While both units are now under agreement, feel free to drop by and have a look.

SALES REPORT
At this writing, Sea Pines is 84% sold out. Only 24 units of the total 151 remain to be sold, and several of these already have signed Declarations of Intent.

For your information, here is a sales progress chart broken down by phases.

Phase # Units # Sold Remaining
1 37 37 0
2 24 24 0
Friendship 20 20 0
Hollow 12 12 0
Duneward 14 8 6
Knoll 16 13 3
Bluff 16 9 7
Overlook 12 4 8
total 151 127 24

One of the unsold units is a single family type with garage and the remaining units are duplex style. Buyers can still make their individual selections from several different floor plans.

If the rate of sales continues as it has during the past six months, Sea Pines should be 100% sold by the end of 1979.

CURRENT PRICES
Prices for the remaining unsold units are as follows:

Overlook $65,000 - $72,000
Duneward $69,000 - $90,000
Knoll $57,000 - $72,000
Bluff $99,000 - $125,000

Manager's Musings

PRESIDENT'S MESSAGE
We certainly hope everyone had a fine holiday season. It's nice to see so many new faces at the Saturday evening cocktail parties.

During the next few weeks, your Boards of Managers will be considering a number of things, including the budget for 1979, which has been prepared, by our Managing Agent, CMA Corporation. At this point, we have no reason to believe Sea Pines will not continue to be in excellent financial health.

We are grappling with the problems concerning rental of units, and hope in the near future to come up with a standard lease agreement and uniform procedures which will protect the rights of all owners.

Starting close to two years ago, we began to consider the mechanics of combining the several condominiums into one, which is to be done when the developer has fully sold Sea Pines. As John Lobingier, in his accompanying report from the Grounds and Maintenance Committee points out, we anticipate this will occur during 1979. This combination of condominiums (i.e. Phases 1, 2, 3 and 4) into one seems to be a sizeable task, at least in the legal and accounting sense. Each of the four "Green Books" is different, to some extent, and they must be reviewed and reconciled into one document which applies to all owners. At the same time, inequities in the application of maintenance fees (and it appears these do exist) should be corrected. Some time ago, our developer, Corcoran, Mullins, Jennison, Inc. agreed to handle the details of this merger for us. We expect to be working closely with them on this, important matter during the coming year.

As in the past, we will keep all owners advised of important matters by mail. We certainly appreciate the support from the standing and ad hoc committees during the year, and our special thanks goes to John Lobingier and the members of the Grounds and Maintenance Committee, who work for us just about daily. Our Managing Agent, CMA Corporation, in the form of its President, Scott Jordan, and our Maintenance Supervisor, Alan Campbell, continue to do a fine job.

We have a number of new owners at Sea Pines, and we hope that early in 1979 those interested in helping keep our condominium in fine physical and fiscal condition will contact any of us and offer their assistance, as committee members, as candidates for the Boards of Managers, or to run a social event.

We hope everyone has a good Winter.

Frank W. Pease, President, Sea Pines Condominium 1
Edward C. Cayley, President, Sea Pines Condominium 2
John J. Havlin, Representative, Sea Pines Condominium 3

GROUNDS & MAINTENANCE COMMITTEE REPORT
Good news from your Grounds Committee! Our Sea Pines Homeowners Association closes 1978 with budget well in hand, good cash position, and reasonable reserve funds. This is an unofficial report, but we expect it will soon be confirmed by the outside auditors, as well as by our treasurer and assistant treasurer.

ACCOMPLISHMENTS! Projects discussed at the Annual Meeting have row been finished, including all items for which the two-month special assessment was levied: