Annual Budget Meeting For Association To Align Dues Money To Budget












Dues Payment Schedule To Change In 2005








    All GPOA dues must be paid in full no later than January 31st in 2005.  That is the decision of the Board of Directors based on the problems encountered this year with the over abundance of 2004 late and non payments.  In previous years various programs were tried in an attempt  to assist homeowners with financial hardships.  These included payment plans with multiple payment options.  Many that chose these plans paid only one payment and then failed to fulfill their       balance payments.  Other members paid extremely late on the single payment option or failed to pay at all.  Because of this the Board of Directors were faced this year with the prospect of not being able to meet the Association financial   obligations for the pool lifeguards and other mandatory bills. 
    The GPOA must be able to depend on its income in order to meet its financial obligations throughout the year.  In other words, we must know we have the money we are budgeting to spend.  For this reason the payments need to be   collected by February and those who are delinquent a schedule of notices and penalties will automatically begin to go into effect. 


January 1st--31st:  All homeowners' 2005 dues ($180) payments are due.

February 1st: All homeowners who have not paid will be considered delinquent and they will sent a reminder   letter of dues payment required.

March 3rd:  All homeowners who have not paid will be sent a lien notice.
(The lien notice will state they have 30 days to pay dues or a lien will be filed against their home and a $50 charge will be incurred by the homeowner in addition to the dues owed to get the lien lifted.)

April 2nd: Liens will be filed against all homeowners who have not paid.

Additionally, any cases of homeowners who are in default for 2004 and have not paid their 2004 and 2005 dues by January 31st 2005 will be turned over to the GPOA attorney to be begin further legal proceedings against those homeowners.  All subsequent legal fees will be charged to the homeowners.

This schedule will be automatic and the management office has been notified to adhere to it strictly.  If anyone believes they have special circumstances that needs to be considered they can notify the management office which will then     inform the Board of Directors who will take the case under advisement.




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