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Board reviews proposed Assessments Rules; vote scheduled for April
Summary
Board members Kathie Brazinski and Aida Farag presented a draft Assessments Rules to replace Rule #10, eliminate the $10 administrative fee, discontinue the annual-assessment discount after July 1, 2025, allow monthly payments, and apply a 10% per annum finance charge after 30 days; the Board will vote in April.
Directors Kathie Brazinski and Aida Farag presented a proposed Assessments Rules draft intended to replace Rafter J Ranch rule #10 and eliminate the existing Administrative Fee Policy. The HOA Attorney advised adopting the proposed Assessments Rules to comply with the CCRs; the Board will vote on the proposal at its April meeting.
Key changes in the draft include removal of the current $10 administrative fee for delinquent accounts, ending the annual-assessment discount as of July 1, 2025, permitting monthly or annual payments, assessing a finance charge of 10% per annum on accounts more than 30 days past due, sending notices at 30, 60 and 90 days past due, and allowing lot owners an opportunity for a hearing before collection procedures are enacted.
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