AVONDALE HOMEOWNERS ASSOCIATION INC.

2011 ANNUAL DUES COLLECTION POLICY

Homeowners due are assessed annually after the annual meeting.  The dues amount is determined by a vote of the homeowners at the annual meeting.  A notice will be sent to each homeowner by U.S. mail or email, if the homeowner consents.  The notice will inform the homeowner of his/her responsibility to pay the dues, the date due, where to send the payment and consequences for non-payment.

If dues are not postmarked by the date due, a $25 late fee will be assessed.  The delinquent homeowner will be sent a letter advising the homeowner of the late fee.  If the dues and late fee are not postmarked by the date specified below, the homeowner will sent a second letter notifying him/her of the past due amount and the 12% simple interest will accrue until the account is satisfied in full.  If the past due amount plus interest is not postmarked by the date specified below, a lien will be placed on the property.  If a lien is placed on the property, the legal costs, filing fees, release fees, interest and administrative/accounting costs will be assessed and must be paid before the lien is released. 

The notice letters are attached below and the dates governing the dues policy are as follows:

January 20, 2011 – Annual meeting where due amount is set.

January 24, 2011 – Dues notice is sent to all homeowners.

March 1, 2011 – Dues are due.

March 10, 2011 – Letter sent notifying homeowner of dues past due, assessing late fee and interest penalty. Payment must be postmarked by April 1, 2011.

April 1, 2011 – Dues, late fee and accrued interest due.

April 10, 2011 - Letter sent notifying homeowner of dues past due, late fee, interest penalty and informing him/her of lien proceeding if not payment is not postmarked by May 1, 2011.

May 1, 2011 - Dues past due, late fee, and interest penalty due.

May 10, 2011 – Letter sent notifying homeowner that the account has been turned over to an attorney for lien proceedings.