ASSESSMENTS

COLLECTIONS

Overdue Payments

If payment in full is not received by the due date, a late notice is mailed the month following the due date. These monthly late notices continue until an account is paid in full OR the criteria for being turned over to collections has been met.

Accounts that meet one of the below criteria are turned over to the Association’s attorney:

1. Overdue balance of $300.00 or more

2. Overdue for three (3) months or more

Once an account has been turned over to collections, the property management company can no longer discuss any account issues until the account has been brought current and is no longer in a collection status.

All account related communications must take place with the Association’s attorney:

Jeff Dittmer | Dittmer, Wagoner & Steele, LLC

107 W. Johnstown Road, Gahanna, OH 43230

TEL: 614-476-6464

Assessments

Assessment Amount

The total current annual assessment amount is applied to the routine operation of the community. The requirement for annual assessment payment are not contingent on resident issues with other account items such as past due amounts, fines or unrelated issues.

Assessments are currently set as follows:

Example:

$456,000.00
x
.075% (or .00075)
_______________
Master Association Assessment = $342.00

Total Market Value (per Auditor)
x
.075% (or .00075)
_______________
Total Annual Master Association Assessment

*NOTE to New Albany Country Club homeowners: The New Albany Communities Master Association and the New Albany Country Club Community Association assessments are billed together. This means that the amount on your annual coupons will include the quarterly calculated amount detailed above as well as your flat New Albany Country Club Community Association quarterly amount of $181.25.