CAPI's Official Notice on Fortezza Maintenance Expenses

September 01, 2006

Board of Directors, Fortezza Homeowners' Association Inc.

Sir/ Madam,

In reference to your letter dated August 17, 2006 to Crown Asia Properties Inc., I am informing you that the developer has agreed to the following requests:

That the homeowners agree to shoulder 12% of the actual operating expenses starting May 2006 provided that Crown Asia remains transparent in all financial transactions involving operations and maintenance of the subdivision (Fortezza). This will still be subjected for regular evaluation.
That whatever increase in the share of actual operations and maintenance expenses of Fortezza will be based on the capacity of the homeowners to pay. Moreover, share of payment scheme will be based on household units turned over to homeowner.
That Crown Asia will provide the list of homeowners residing outside the subdivision as CAPMI's basis for collection of monthly dues.
That Crown Asia maintains their commitments to provided amenities (e.g. clubhouse, swimming pool, sports area).
Thank you and more power.



Sincerely yours,

(SGD) MR. ALEJANDRO I. PAGULAYAN, Property Manager-CAPMI

Confirmed by:

(SGD) ENGR. JOEMI M. TAN, Technical Head-South CAPMI