This policy was updated and revised by Board Resolution at the Board Meeting on November 21, 2000. The amount of dues to be paid annually by each homeowner will be computed as stipulated in sections 4.2 and 4.3 of the CCRs.
Dues are to be paid in advance, in quarterly increments, on or before the first day of each quarter.
A statement of dues owing will be mailed to each homeowner no less than two weeks prior to the first day of each quarter. Subsequent statements for accounts will be mailed by the 15th of each subsequent month. Additional installments may be pre-paid. However, should the amount of the assessment be increased effective during the period for which prepayment has been made, the homeowner will be responsible for paying the additional amount when assessed and due. Assessment of dues for the balance of the current quarter will begin on the first of the month following the month in which closing documents of a new home are signed.