Calumet Woods Homeowners Association, Inc.: April 2011

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 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.

Tuesday, April 26, 2011

Successful Pay Pal Transaction

We received one payment thus far from one of our neighbors using Pay Pal. They were able to secure their status in the Association and pay their bill through their own Credit Card company. Should you need to draw your payments out; this is an excellent option to remain in Good Standing, and not have your Association priviledges suspended.