Paying Homeowner's Dues

Property owners within the neighborhood are required to pay dues to the association as defined in the Restrictive Covenants for the neighborhood.   The dues is used to support the association and to provide for common services, such as the entrance gate, streets and lights, all of which are owned and maintained by the association.

Dues are currently established as being $300.00 per calendar year, payable in advance either monthly, quarterly or on an annual basis.  By a vote of the membership, we have elected to charge a late penalty to any property owner who has not paid his dues by the 10th of the month in which the dues is due, beginning July 1, 2008.

Payments made are applied to existing balances if they exist.  In the event that you have a balance at the end of the month, that indicates that you did not pay either in advance or by the 10th of the month and a late fee will be added to your account.  In addition, each month thereafter will be charged at the rate of $30.00 ($25.00 PLUS Late Fee) for each month until your account is brought up to date.  Payments made are simply applied to the balance, regardless of what your memo line states.

An example of this concept is displayed below:

 

Notice that our example shows the March debit as $30.00 because there is a balance from a non-payment in February.  In April, a payment is made, but it is not sufficient  to clear the balance and therefore the account is still past due until it is brought to a zero balance in June by a $70.00 payment.

Monthly charges are entered as Debits near the end of the month to appear on the first of the month. 

PAY YOUR DUES AS FOLLOWS:
 

WE DO NOT ACCEPT CREDIT CARDS AT THIS TIME.
We are not currently set up to accept payments by credit card.  You can pay your dues by check or by automatic bank draft.  In the event that you need to make an immediate one time payment, we can process that as a faxed check.  Call us for details.

WHEN CREDITS ARE APPLIED?
The post office box is typically checked twice a week and payments are entered into our account database within 24 hours of our receipt, so you can see them on your online statement.  In the event of ACH auto-drafts, payments are entered into the database when we receive the monthly report and posting dates are based upon the date that the funds were removed from your account. 

WE DO NOT MAIL INVOICES OR STATEMENTS
Although we do not mail invoices, we do offer the opportunity to receive an email reminder that you can use as your invoice.  This is an invoice that is sent out on a monthly basis to remind you of your obligation to pay your dues, and to provide you an opportunity to login and view your account status.

VIEW YOUR ACCOUNT STATUS
By logging into the Member's Section, you are able to see your account status, balance and the posting dates of your payments.

PROPERTY LIENS
Because the officers of the Association have a fiduciary duty to protect the assets of the association, we have authorized that a property lien be filed on any property that is more than 6 months in arrears with no payments having been made to satisfy the dues obligation.  If a lien is filed on your property, you must satisfy that lien in order to clear the title on your property.

NOTARY AND FILING FEES
In the event that any document is filed at the Caddo Parish Court House on your property, Your account will be billed for reasonable notary and actual Court House filing fees.

RETURNED CHECK & ACH REJECT FEES
In the event that your check is returned, or your bank rejects a ACH transaction, your account will be billed $25.00 to cover the fees associated with that failed transaction.  You bear the responsibility to notify us if you change banks or accounts so that you will not incur fees for a rejected ACH transaction.