Dues and finances
How dues are set, how to pay them, and what they keep running in the community.
Where dues go
Approved annual budgetDues pay for the shared things that keep the neighborhood the way it looks: the entrances, the grounds, the roads, and the services every home uses. The share below is drawn from the most recent approved budget, grouped into broad categories.
- Grounds and entrances about 36%
- Services and utilities about 34%
- Administration and insurance about 20%
- Roads about 10%
Percentages are rounded. Your own balance and schedule are on your statement from the management company. Owners can request the full approved budget and the annual financial report from the Board at any time.
When an account falls behind
The Association works with genuine hardship, and says so first, because most accounts that fall behind are not refusals. What follows is the published sequence so nobody is surprised by it.
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Direct contact
The Board or the management company contacts the owner to find out what the situation is and agree a date.
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Lien and collections
If an agreed date passes without payment, the Association records a lien against the lot and refers the balance to a collections agency. Costs of collection and actual attorney fees are added to the balance and secured by the lien.
Declaration 4.11, 4.12 -
Board decision after twelve to twenty-four months
Where a balance remains unresolved, the Board votes on whether to foreclose or continue collection, deciding on the circumstances of the particular account.
Declaration 4.12