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ABOUT SISSIPAHAW LOFTS
Located along the banks of the Haw River in Saxapahaw, the beautifully designed Sissipahaw Lofts are among the most unique communities in North Carolina. Built within a restored cotton mill and dye house, this 29-unit residential condominium association sits within the eclectic Rivermill Village, that boasts unique businesses, such as the Left Bank Butchery, Saxapahaw General Store, The Eddy Pub & Restaurant, Cup-22, Hawbridge Charter School, Volt Salon, Haw River Ales and the popular Haw River Ballroom.
The condos are located on the first and second floors of buildings C and D, and range in size from 1,205 sf to 4,317 sf. All condos are sprinklered and building C condos are accessible via both elevator and stairs. The owners' parking area is gated and parking spaces will be assigned in the near future. The physical address of the buildings are 1860 and 1880 Sissipahaw Way, Saxapahaw, NC 27340.
Originally organized as a single association, the Sissipahw Lofts (residential condos) and Saxapahaw Rivermill Condominiums (commercial spaces) were subdivided in 2013. The residential condo association is run by a 5-person board of directors and monthly association dues for 2018 are $300. There is no "master association".
Monthly dues include water, trash, recycling, exterior maintenance, common area landscaping and insurance. Owners and renters are required to carry their own insurance, in addition to the association's policy, to ensure their personal property is covered and that there are no gaps in coverage.
The Sissipahaw Lofts charge a "working capital" fee upon the sale of each condominium, which is outlined in the association's yearly budget. Currently, "working capital" is two months of dues, or $600.
For more info about viewing or purchasing one of the beautiful condominiums, contact Mary Hartzell with Urban Durham at 919-259-2132. For property management questions, call Ted Parenti at 919-932-0592 or email@example.com
NOTICE OF RIGHT TO VOLUNTARY MEDIATION
Pursuant to Section 7A-38.3F of the North Carolina General Statutes, all members are hereby informed that you have a right to initiate mediation pursuant to the terms of the statute to try to resolve a dispute with the Association. Both the homeowner and the Association must agree to mediate the dispute, and each side is responsible for splitting the cost of the mediation, including payment of a professional mediator. The mediation process is an opportunity to reach an agreement to resolve a dispute – neither side gives up their right to go to court to have a judge resolve the dispute if the parties are not able to reach an agreement through mediation. The specific process to initiate voluntary mediation is outlined in Section 7A-38.3F of the North Carolina General Statutes.