DUES AND ASSESSMENTS

 

2010 DUES ARE $689.00 per year for a residence and $452.00 for property only—payable in four installments.

 

A one-time Initiation Fee of $200.00 is charged to all new homeowners. Please have your attorney contact the office prior to any real estate closings for current dues and assessments information.

 

Dues & Assessment bills are mailed four times a year. Residence Dues are payable on the fifteenth of February in the amount of $173.00. For the other three quarters, April, June and August, $172.00 is due on the fifteenth of each month. A $25.00 late fee is charged if payment is not received within fifteen days of the due date.

 

Property only may also be paid in four installments due on the same schedule as residences in the following amounts: first quarter $110.50, second quarter $114.00, third and fourth quarter $113.75. A $25.00 late fee is charged if payment is not received within fifteen days of the due date.

 

There is a $50.00 fee charged for all returned checks.

 

Any member who’s account is sent to an attorney or collection agency for non-payment will be required to pay reasonable attorney’s fees and court costs in addition to the outstanding balance.

 

Any member who is experiencing a temporary financial hardship can apply to the Trustees for a special payment option.  The Trustees will work with the member to avoid late fees, not to reduce the Dues & Assessments owed.

 

At the age of sixty-two, Senior Citizens are entitled to a 10% discount on their Dues & Assessment bills.  Proof of age must be provided to the office.

 

The LCPOA publishes a Quarterly Newsletter which is mailed ten days prior to the Quarterly General Meeting and contains the Agenda for that meeting.

 

The Budget for the upcoming year is published in the Fourth Quarter Newsletter and is then voted on at the Fourth Quarter General Meeting.