RESOLUTIONS

The Cordova Club

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Cordova Club Owner's Association

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Resolution 1.2 - Fines

 

1.2 Title: Fines for Infractions of the Covenants and Bylaws:

“Be it resolved that the Architectural Committee, by a majority vote of those members present or represented by proxy, is hereby empowered to assess fines not to exceed $500.00 per fine, but with no restriction as to the total amount of fines that may be assessed, on any owner who fails to comply with the Covenants and By-laws of the Association after being given proper notice. Proper notice shall consist of at least two letters posted by regular mail to the lot owner at the last known address in the Association’s records warning that appropriate action must be taken to correct the deficiencies within a specified period of time not to exceed 30 days. The final letter must include language to the following effect:  if the deficiencies are not corrected and/or the outstanding balance paid by the (specified date) a fine of a (specified amount) will be assessed and if the fine and outstanding balance, if applicable, is not paid within 30 days a lien will be placed on the (lot in question) for the amount of the total amount of all fines and other amounts owing, if applicable, plus (a specified amount) to cover the costs of filing the lien.

As amended October 18, 2005

 

 

 

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