August 25, 2011 @ 05:12 PM

This letter is to inform you that due to persistent delinquencies, the Board has decided to adhere more diligently to the CC&R’s of the community with regards to HOA dues collection. As the Administrator I am charged with disseminating the following information to the owners.

The quarterly dues are due on the 1st of the quarter and will be considered late on the 16th. All late fees will be assessed on the 16th, and there will be no exceptions made. 

The late fees will be increasing from $15 to $25, which is the maximum currently allowed according to the CC&R’s of the community. 

On the 30th day of the following month, that is a full 60 days after the due date, a lien will be initiated against delinquent properties and attorney fees will begin to accrue. Once the lien is initiated the owner must pay all collection costs. The lien will remain in effect until the account is current including legal fees associated with the lien process. 

Common use utilities and facilities will not be available to delinquent owners. 

There will be an 18% interest rate per annum charged per the CC&R’s of the community. 

Please pay dues in a timely fashion so that the HOA can keep the community running.

That is the sole purpose of the HOA dues.

Best Regards,

Lynda Saveski

Accounting - Administration

Las Palmas HOA

480-659-0861(home)

lynda-laspalmas@cox.net