2019 Annual Association Assessment |
Pursuant to the Association’s governing documents, property owners are hereby notified that the annual assessment for 2019 will increase, by $18, to $648.00 per lot. The Board of Directors would like to again offer each property owner the opportunity to divide their annual assessment into four (4) incremental payments of $162.00 to assist those who might have a hardship in paying the fee in one lump sum. Please note that the entire 2019 assessment must be paid in full and received by the due date, March 31, 2019, to avoid late or legal fees.
Property owners interested in making incremental payments will find four (4) coupons enclosed, in their mailed assessment notification, for use in mailing these payments to the processing center. The suggested due dates for incremental payments are as follows: December 15, 2018, January 15, 2019, February 15, 2019 and March 15, 2019. Property owners may certainly opt to pay their entire 2019 assessment in a single payment by the due date (March 31, 2019) and decline the advantage of the incremental payment option. Please note that if a property owner is being pursued for outstanding prior year’s fees, any payments made will be credited to outstanding balances or may not be accepted based on the account status. Property owners who are currently delinquent are requested to contact management to discuss their account. Property owners who are in a financial position preventing them from paying their 2019 assessment in full by March 31, 2019, MUST send a written request for a payment plan extension either by mail, fax or email to the management company prior to the due date to avoid additional fees. For property owners who are currently delinquent, the balance reflected in the mailed statement may not include all pending late or legal fees. Please contact management for the most up to date balance. PAYMENTS BY MAIL:
PERSONAL ONLINE BANKING 'BILL PAY' SERVICES:
ASSOCIATION ONLINE/AUTO PAYMENT OPTIONS:
OTHER IMPORTANT INFORMATION:
COLLECTION PROCESS SUMMARY: 1st Day of January – Regular assessment is due and grace period begins and ends the 1st day of March. 15th Day of March– (Reminder Notice) A letter is forwarded to the owner advising of final due date and fees to be assessed. 15th Day of April – (Lien Notice) Regular assessment considered late and a fee of $25.00, plus interest, processing fee and collection costs will be assessed and a balance due letter will be forwarded to the owner. The letter will include a warning of the impending trash service suspension. 15th Day of May – (Attorney Notice) Additional late fee of $50.00, interest, processing fee and collection costs will be assessed and a demand letter warning of impending legal action and the implementation of trash suspension. 15th Day of June – All delinquent accounts for the current calendar year will be forwarded to the Association’s choice of legal counsel for pursuit of collection. An additional $50.00 late fee, interest, processing fee and collection costs are charged to the account. All costs associated with legal action will be charged to the homeowner account.
Charges Applicable are as follows: 1. $25.00 Late Fee plus interest, processing and collection cost.
2. $50.00 Late Fee plus interest, processing and collection cost. (Suspension of trash service) 3. $50.00 Late Fee plus interest, processing and collection cost. (Suspension of trash service) 4. All Costs associated with legal action. 5. $25.00 returned check fee (if applicable) 6. Interest as stipulated in the Declaration
|