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Firewheel Farms No 2 HOA, Inc. List of Standard Fees
The
association is a mandatory membership association. Official documents filed in
Dallas County.
Annual Membership
Fees
1993-2004
................................................................................................ $ 50.00
2005-2011 Billed in
December 1,
Due January
31........................................ $ 55.00
2012 & after Billed January 1, due Feb 28
..................... ................................ $ 63.25
Resale
Certificate attesting to paid-up status
2010 ...................................................................................................................$175.00
2011
& after Beginning March 23,
2011................................................................ $225.00
Resale Certificate for member in good standing for refinance
No Charge
Late Fees:
Assessed on Delinquent Membership with 2nd Notice
By Laws state that rights to vote are suspended for all delinquent accounts.
2006-2010 Assessed Feb
1..................................................................................$
25.00
2011 - ... Assessed
mid-year............................................................................$
25.00
(approved by Membership vote on 3/24/2011
2012 - ... Assessed Feb
28...............................................................................$
25.00
* Each year late fee will be re-applied in
following years
* Late fees accumulate each year:
* Year 2, unpaid status, late fee will be $50 +25 =$75..
* Year 3, unpaid status, late fee will be 75+50+25 =$150.
* Year 4, unpaid status, late fee will be 100+75+50+25 = $250
* Year 5, unpaid status, late fee will be 125+100+75+50+25 = $375.
* Year 6, unpaid status, late fee will be 150
+125+100+75+50+25 = $525
* Year 7+, unpaid status, late fees will continue to accrue using the above
year-to-year pattern
* Payments for late fees will be applied to the oldest dues and fees first.
Special
Assessment Fee (none have been assessed as of March 2011)
Special Assessment fees determined by the Board
require a 30 day advance notice.
Proposed Special Assessment for Fee change
2011......................$15.00
(Considered by the board with membership
in March 2011 and tabled)
Property Care
Lawn Care for unkempt or abandoned
property.....................................................$70.00
Other care will be assessed at vendor’s cost plus $50 per vendor
Records
Request:
Official recorded governing documents are posted for free
download at www.Firewheelfarms.com.
2006-2010 No charge established for records
requests....................................None
2011- . . . Minimum $20 plus Copy costs
plus.................................................$ 20.00
$20/hr for research over 1 hour.
Collection Process Steps and Fees
Demand Letter
for payment with warning of Impending Lien sent by Certified Return Receipt
Demand letters are prepared and Mailed not less than 30 days after
mailing the 2nd Notice if there has been no response and payment after the 2nd
notice. Demand letter fees will be added to the owners account.
2010 When
performed by by HOA......................................................... no fee
2011-.
. . When
performed by Attorney*.........................................................$100.00*
2011-
. . . When performed
by HOA................................................................$ 40.00
Lien Recording fees: I
If no response or payment is made within 30 days of the Demand letter, a
lien will be filed
Upon filing, a Notice of Lien will be mailed and the fees charged to the
owners account.
2010
When Performed by HOA................................................................$125.00
2010 When
Performed by Attorney*........................................................$170.00*
Telephone
Collection attempts
In an effort to avoid filing a civil suit and/or avoid foreclosing the lien,
the Association or Attorney
may attempt one telephone contact with the owner to seek payment.
These fees will be added to the owners account.
2010 When performed by HOA .............................................................No
fee
2010 When performed
by Attorney*..........................................................$ 75.00*
2011 ---- When
performed by HOA ..............................................................$ 20.00
2011
..... When performed by
Attorney*........................................................ $ 80.00
Release of Lien Recording
When the account is paid in full the lien is to be release by a filing
with Dallas County
2010- - -
After Sept 1, of Performed by HOA (included in lien fee )........... $ 50.00
2010- - - Performed by
Attorney*..will be added to the owners account.. $170.00*
Suit Filed
for Judgment and collection of unpaid fees and dues
2010 All
years prior to Sept 1, 2010, no actions or fees in records..
2010-. . After Sept 1,2010,
Performed by Attorney*......................................$121.00*
Motion to
Court to Withdraw Suit for collection of dues
2010
Prior to Sept 1, 2010 there were no fees or actions taken
2010-... After Sept 1, Performed by
Attorney*.................................................$ 45.00*
Court Proceedings, Hearings and
Trial of Suit to collect dues
2010-... Performed by
Attorney* $170/hr................To Be Determined based on time & Court Order.
*Legal fees from attorney are subject to change without
action by the Board.
*Legal fees charged by the attorney will be added to
the account balance due.
*Fees charged for Attorney processed items include an additional $20 HOA
servicing fee.
Fees not requiring membership approval listed above were
approved by the Firewheel Farms No 2 HOA Board of Directors.
There was no fee schedule prior to April 2011 other than the $25 late fee
charge.
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