Where the Grass Is Greener And an Experience of Community Happens

Annual Assessment Policy & Delinquency Procedures

Green Pastures Owners Association (GPOA)
01/01/14 01/31/14 ASSESSMENT FEE is due and payable. ATE Payments received after this date will be considered late. !"E#D$E N!T%&E' is sent to homeowner requiring payment in full, giving the homeowner 15 days to pay assessment fee. A (1)*00 late +ee is added to the account at this time. As mentioned below, i+ you need to ma,e arran-ements to .ay any assessment amount/s0 and/or late +ee/s01 .lease contact t2e 3oard .rior to t2is date* 4&E#T%F%ED ATE/F%NA N!T%&E' is sent to homeowner requesting payment in full within 15 days, including any late fee. If payment is not recei5ed within the allotted 15 days the account is sub ect to the filing of a lien on an !wner"s property, unless prior payment arrangements have been made. 4 %EN/ E6A A&T%!N' 7 Any still outstanding assessment amount not recei5ed 8y t2is date will be pursued via a filing of a lien, unless other payment arrangements have been wor#ed out between the !wner and $oard. Amounts added to t2e outstandin- assessment amount can 8e 9: interest on t2e outstandin8alance1 administrati5e +ee o+ (301 and a ien Filin- Fee o+ (;9* %t <ill also cost an !<ner (;9 once .ayment 2as 8een made in +ull /and allo<in- +or any c2ec, to clear t2e 8an,1 and a ien #elease to 8e sent to t2e !<ner 8y t2e 3oard* T2is could 8e u. to 30 days0 to 2a5e t2e lien released= t2is is a &ounty +ee*

03/1/14

03/1)/14

>o< muc2 is t2e 6reen Pastures !<ners Association assessment? %he &reen Pastures !wners Association assessment is (@) +or calendar year ;014. %he assessment is due by 'an.1, ()1*. %o avoid late fees, please submit your payment promptly. +on,t forget to include your street address with your payment.

A2ere do % send my .ayment? -end your payment to. Green Pastures Owners Association P.O. Box 851 Marysville, Ohio 43 4

A2at is t2e assessment used +or? %he assessments are used to carry out the purpose of the &reen Pastures !wners Association which is to maBimiCe a sense o+ community +or t2e lon- term1 to .reser5e1 enric2 t2e quality o+ li+e +or our residents1 a..reciate .ro.erty 5alues1 en2ance sa+ety & security and .reser5e t2e natural 8eauty o+ our community* -ome of the e/penses that must be paid include, but are not limited to, mowing and maintenance of the common areas, snow removal, legal fees, mailings, accounting fees, capital pro ects, pond 0 fence maintenance, ta/ filings, etc. It is our plan to continue to allocate some monies to a reserve account to pay for future maintenance and unanticipated contingencies. Aill t2e 3oard o+ Trustees e5er raise/lo<er t2e assessment? %he $oard of %rustees will evaluate the assessment annually based on a pro ected budget. +epending on the needs of the +evelopment and the commensurate costs, the assessment for any given year could be higher or lower than the previous year"s assessment. Any surplus from a year will be used to replenish any capital1contingency fund and1or reduce the ne/t year"s assessment. A2at i+ % donDt .ay my assessment? 2ot paying your assessment can be related to not paying any other bills, such as a home mortgage, rent or credit card bill. %he $oard of %rustees has approved a +elinquency Procedures Policy which outlines the process for the collection of delinquent assessments. If your assessment is received late 3as defined in the +elinquency Procedures Policy4 or not received at all, a late fee will be imposed on your account. If an owner continues to withhold payment, the $oard of %rustees can and will see# legal action and1or place a lien on the property to recover all unpaid assessments. In addition, the owner will be responsible for all legal costs associated with recovering the assessments. It is in the best interest of the owner to contact the $oard of %rustees immediately if you are unable to pay your assessment. %he $oard of %rustees is willing to wor# with owners in order to collect the assessment without placing an additional burden on the owner. %Dm una8le to .ay my total assessment* A2at s2ould % do? %he $oard of %rustees wants to wor# with you, not against you. 5ollecting the assessment is important to the success of the &reen Pastures community. If you are unable to pay your total assessment you are encouraged to contact the &reen Pastures !wners Association $oard of %rustees A-AP for possible remediation regarding your situation.