March 2018 Update

Good Day Homeowners,

Hope all is well and the recent wind didn’t remove too many shingles.  Just a few updates to pass prior to next month’s newsletter.

Association Assessment Due Date:

During the March 2018 Board meeting, the board voted to extend the payment deadline by an additional week prior to late fees being assessed.  The official due “No Later than” date was changed from the 7th of the pay period to the 15th.  Please keep in mind, if your payment is not received by this date, a 10 dollar late fee will be assessed.

New Official Guidance:
Association dues payments are required by the 15th of the month to avoid a late fee.

Monthly Payees: By the 15th of each month.
Quarterly Payees: By the 15th of January, April, July and October.
Annual Payees: By the 15th of July.

As of Oct 2017, any payment coupons (payment slips) in circulation within the association are out of date and no longer reflect accurate information.

Cable Due Diligence Committee:

As you read in the last newsletter, the association is not planning on renewing the Cable Contract with Comcast.  As mentioned, this decision is out of financial necessity in that the association does not take in enough assessments to justify this continued expenditure.
That said, to ensure all homeowners are kept informed, a due diligence committee will be convened.  This committee will be tasked with reviewing any cable company offers to the association as well as Comcast’s counter offer.   Upon competition of the due diligence period, the committee lead will present their findings to the board and the board will publish them on this forum for the homeowners to review at their leisure.  At the end of the day, the decision regarding cable services rests with all the homeowners.  Homeowners can expect a proxy vote in the coming months.

If you are interested in being on the cable committee, please click here and let the board know.  Mr Page Beverly will be designated as the committee lead.  3 other homeowners are needed to assist with this due diligence.

That’s all for now.  Until next time.

Christopher Meadows
President, FSPHA


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