A: Every year the Home Owner’s Association collects dues for the purpose of administrating the High Valley Ranch HOA and maintaining our community. Dues are $300 per year. Dues are due by April 1st each year.
Some of the costs covered are:
- Insurance
- Common Area/Sign maintenance
- Retention/Overflow Pond maintenance
- Advertising
- Events
- Administration
- Taxes
- Enforcement
When dues are not paid by April 1st, voting rights are suspended and the following CC&R rules are followed:
Section 8.2: Delinquency. If any assessment is not paid within in thirty (30) days after its due date, the assessment shall bear interest from said date at twelve percent (12%) or in the event that; twelve percent (12%) exceeds the maximum amount of interest that can becharged by law, then the highest permissible rate as provided for by law. A rate charge of five percent (5%) of the amount overdue shall be charged for any payment more than fifteen (15) days past due. Each Member hereby expressly grants to the Association, or its agents, the authority to bring all actions against each Member personally for the collection of such assessments as a debt and to enforce lien rights of the Association by all methods for the enforcement of such liens, including foreclosure by an action brought in the name of the Association in a like manner as a mortgage of real property, and such Member hereby expressly grants to the Association the power of sale in connection with such liens. The liens provided for in this section shall be in favor of the Association, and shall be for the benefit of the Association. The Association shall have the power to bid at a foreclosure sale and to acquire, hold, lease, mortgage and convey any Lot obtained by the Association.