Goldener Hirsch Deer Valley Brochure GoldenerHirsch-Questions-Answers-July-26-2017-1 | Page 9

Who will own and operate the Spa Treatment Center?
The Residences will include a designated space for a boutique spa & treatment rooms, owned by the
Master HOA, and managed by Deer Valley Resort Lodging.
Who will own and operate the Conference Center?
Deer Valley Resort Lodging plans to operate the conference and events management business. The award
winning Goldener Hirsch Restaurant will own the facility and provide food service.
Will owners and guests of the Residences have access to the Inn?
Yes, the owners and guests of the Residences will have access to the amenities at the Inn.
Will owners and guests of the Inn have access to the amenities at the Residences?
Yes, the owners and guests of the Inn will have access to the amenities at the Residences.
What are the expected HOA dues and budget?
The estimated dues for the HOA are $12.50 per square foot annually. For example a 2,200 square foot
three bedroom Residence would calculate to $27,500 annually.
What will the HOA dues cover?
The HOA dues for the Goldener Hirsch will cover electric, gas, phone, water, sewer, trash, cable TV,
wireless internet, snow removal, common area maintenance, common area insurance, amenities
maintenance, amenities operations and contributing to an HOA reserve fund. Additionally the HOA dues
cover costs of food and beverage services, continental breakfast and hot chocolate, housekeeping for
common areas, maintenance technicians and staff, legal, professional and contract services such as
accounting, utilities, insurance, reserve studies, etc.
Which utilities will be the responsibility of the homeowner to pay?
Owners will be responsible for their own property taxes, content insurance and upgrades to TV service.
Will telephones be installed in the Residences?
Yes, for the coordination and connectivity to the hotel front desk, phones will be installed.
Is there a Master Association for Silver Lake Village?
The master association for Silver Lake Village is the Silver Lake Village Plaza Association. The Goldener
Hirsch Master HOA will be a member and any dues associated will be included in the Goldener Hirsch
budget.
Will there be an HOA initiation fee collected at closing?
Yes, at closing an amount equal to three months of a Residence’s HOA dues will be collected, paid by the
Buyer for the benefit of the Residence’s HOA. This initiation fee will aid in creating a start-up of operational
funds for the HOA.
Are there CC&R’s available for review?
The Condominium Declaration, Bylaws and CC&R’s are being finalized. Delivery of these documents will be
part of the Seller Disclosures provided to the Buyer once the Reservation is converted to a purchase
contract (REPC), and will be available for final review during the Buyer’s due diligence period.
Are pets allowed?
Pets will be allowed for owners only as provided in the CC&R’s.
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