Dues increase In 2006

Please don't forget, the quarterly dues assessment for the Homeowners' Association has increased this year.

The payments due on Jan. 1, April 1, July 1 and Oct. 1 are $320 each, and must be in the hands of Treasurer Kathy Wade by those dates. Under our bylaws, the Board can assess a 15% late penalty for any dues 12 or more days in arrears.

There is a practical matter for that penalty. Because our association is self-funded, late dues payments adversely affect interest paid on the Association's bank account. In other words, paying late ends up costing everyone.