The Village President's Newsletter

October 19, 2009

The Village Condo Owners:

I would like to thank everyone for their support in approving the new CC&R’s. They have been recorded with Navajo County and became effective today, October 19, 2009.

CC&R's and Rules & Regs

The BOD has completed a new set of Rules and Regulations (Rules & Regs) that compliment the new CC&R’s. The difference between the two documents is:

  1. CC&R’s apply to your condo -- the rights and restrictions you have for your unit and your exclusive use of common areas (carport and patio).
  2. The Rules & Regs define the rights and restrictions you and your guests have in the common areas. For your convenience when informing your renters and guests, some of the key items in the CC&R’s are repeated in the Rules & Regs. It is very important that everyone who rents their unit understands that the owner will be held accountable for the renter or guests violations.

HOA Dues for 2010

The Village BOD is offering three (3) options to pay your 2010 Association dues (no increase from 2009):

  1. A single payment - $1,965.00 by January 1, 2010
  2. Quarterly auto payments you set up - $491.25 on January 1, April 1, July 1 & October 1, 2010
  3. Quarterly payments by check - $495.00 by January 1, April 1, July 1 & October 1, 2010

Late Payment Penalties

Because we have some owners who are chronically late with their payments, the BOD feels it is necessary to implement new penalties effective January 1, 2010.

  1. Payments are overdue after fifteen (15) days and will be charged a $15.00 late fee.
  2. Payments not received within thirty (30) days of due date will be charged a penalty of 10% of quarterly payment/assessment.
  3. Payments not received within sixty (60) days will be turned over to our attorney to start the collection process. The penalty will include the 10% fee as well as the attorney fees.
  4. Payments not received within ninety (90) days will result in our attorney filing a lien against the overdue unit.

2010 Budget

The 2010 Budget will be mailed with your 2010 dues notice in December.  Maintenance items continue to be the largest portion of our budget.  Resealing of the parking lot and repair of defective concrete are two of the planned items for 2010.  In addition, the rear patio carpeting (paid via special assessment) will be replaced in the Spring.

The BOD of the Village HOA remains the same for this coming year and the officers remain unchanged.  Please contact a BOD member or e-mail Secretary Fran Stephens @ knfstephens@comcast.net if you have concerns or problems.

Hope you have all enjoyed your unit in 2009.

Allan Johnson, President