Resolution 3.3 - Fines for Dues
3.3 Title: Fines for Late Payment of Dues:
"Be it resolved that the annual dues are due and payable each year no later than April 15th or 30 days after the mailing date of the statement, whichever date occurs last. If dues have not been paid by the 15th of April or 30 days after the statements are mailed a late fee of $25.00 will be assessed. If dues have not been paid by the 15th of May or 60 days after the statements are mailed an additional late fee of $50.00 will be assessed. If dues have not been paid by the 15th of June or 90 days after the statements are first mailed a $500.00 fine will be assessed and a lien will be placed on the lot in question for the amount of the dues, late fees of $75.00, $ 500.00 fine and the cost of the lien. The account will turned over to a Collection Agency for remediation.
The association will make every effort to assure that statements for dues are mailed to the owners in a timely manner; however, the association is not responsible for late or misdirected mail. It is also not responsible for incorrect addresses and/or owner's names. It is the responsibility of the owners to inform the treasurer of any corrections or changes in addresses or ownership."
As amended January 19, 2017