Statements are continuing to be sent to those who have not paid their Dues and Assessments for 2007, as well as previous years. Please be sure to submit payment at least monthly to avoid a late fee. In January, all member homes will be invoiced for 2008 Dues in the amount of $275.00. Although the Dues are not considered past due until April 16th, you are encouraged to pay as soon as possible. To ease the burden of one time payment of dues, each member home may begin paying monthly in January without monthly installment fee of $2.50. Once 2008 dues (and any other past due payments from previous years if not on an approved payment plan in 2007) are past due, a monthly fee of $2.50 plus 10% of the unpaid balance will be assessed.
For example :
Jan - $50 payment
Feb - $50 payment
Mar - $50 payment
Apr - $50 payment (or $125.00 balance due and no penalty)
May - (if payments as above) Balance Due now is $75 + $2.50 (installment fee) + $7.50 (late fee assessment)
Closing Attorneys and Realtors
Closing Attorneys and Realtors may contact Tyrone Tavelez, Treasurer for Association Membership status and balances due (if any) for properties, subject to closing tyronetavalez@att.net
2013 Membership Dues - $350.00
2013 Membership Dues - $350.00
Annual Membership Dues
Dues for the Calumet Woods Homeowners Association are paid Annually.
The Association Fiscal Year is January 1, through December 31.
The Annual Membership Dues are due March 1, however cover the current calendar year.
Payment of Dues past the Due Date, will result in a Late Fee of 10% of any upaid balance of annual dues. As a result, a $2.50 per month installment fee is added to all unpaid balance, plus Interest in the amount of 10% per annum of the total unpaid balance.
Please consider this....
When a member home is delinquent in paying annual dues, that homeowner is for all practical purposes using the association as a creditor (just like a credit card company.) In fact, borrowing an amount of money equal to the Association Dues. The "borrowing" of this money from the Association does not come without a cost.
The Association Fiscal Year is January 1, through December 31.
The Annual Membership Dues are due March 1, however cover the current calendar year.
Payment of Dues past the Due Date, will result in a Late Fee of 10% of any upaid balance of annual dues. As a result, a $2.50 per month installment fee is added to all unpaid balance, plus Interest in the amount of 10% per annum of the total unpaid balance.
Please consider this....
When a member home is delinquent in paying annual dues, that homeowner is for all practical purposes using the association as a creditor (just like a credit card company.) In fact, borrowing an amount of money equal to the Association Dues. The "borrowing" of this money from the Association does not come without a cost.
The Board of Directors would prefer to not collect one dime in late fees and/or penalties. Payment in full by the Due Date will defer all of those costs. There will be no exception, or discount of late fees.
Members "In Good Standing"
Members who have paid dues current and met their obligations, are eligible for full membership priviledges of the Calumet Woods Homeowners Association. Member homes who are not in compliance are prohibited from use of amenities or any other rights or priviledges afforded to members in Good Standing.
