
If you haven't mailed your check, made out to the Terrace H.O.A. in the amount of $320, please do so immediately.
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.
Thank you.
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