Post by diane on Jul 27, 2019 22:41:47 GMT
Sections (a) & (b). Annual dues for developed residential lots $175.00 and $30.00 for undeveloped lots.
Section (c). No monthly payments. Annual only. Invoiced Jan 1st of each year. Terms: Net 20 days.
Changing the dues requires the vote of lot owners. I recommend we use LA RS 9:1141.6, Establishment, amendment or termination of building restrictions. Louisiana RS 9.1141.6.pdf (548.35 KB)
1. Existing building restrictions may be made more onerous or increased by agreement of two-thirds of the lot owners.
2. Existing building restrictions may be made less onerous, reduced, or terminated by agreement of more than one-half of the lot owners.
3. Building restrictions may be established by agreement of three-fourth of the lot owners.
Section (e). Currently we charge 5% per cent per annum interest if the dues are not paid by Dec. 31st. I see no need to change.
Section (f). Edmond to review as he is a CPA & Attorney.
Section (g). Non-payment - Lien and/or small claims court? The problem we have had is serving the owner if we use small claims court, especially those living outside the state.
I am open on this matter. Perhaps Edmond can advise.
Special Assessments: Voting requirements as stated in LA RS 9:1141.6.
Capital Improvements/Expenditures: Ratify that all capital improvements/expenditures must be approved by agreement of more than one-half of the lot owners when the expenditures (1) exceed
$30,000 on the repair or replacement of existing equipment or (2) exceed $25,000 on the purchase and installation of new equipment.
Section (c). No monthly payments. Annual only. Invoiced Jan 1st of each year. Terms: Net 20 days.
Changing the dues requires the vote of lot owners. I recommend we use LA RS 9:1141.6, Establishment, amendment or termination of building restrictions. Louisiana RS 9.1141.6.pdf (548.35 KB)
1. Existing building restrictions may be made more onerous or increased by agreement of two-thirds of the lot owners.
2. Existing building restrictions may be made less onerous, reduced, or terminated by agreement of more than one-half of the lot owners.
3. Building restrictions may be established by agreement of three-fourth of the lot owners.
Section (e). Currently we charge 5% per cent per annum interest if the dues are not paid by Dec. 31st. I see no need to change.
Section (f). Edmond to review as he is a CPA & Attorney.
Section (g). Non-payment - Lien and/or small claims court? The problem we have had is serving the owner if we use small claims court, especially those living outside the state.
I am open on this matter. Perhaps Edmond can advise.
Special Assessments: Voting requirements as stated in LA RS 9:1141.6.
Capital Improvements/Expenditures: Ratify that all capital improvements/expenditures must be approved by agreement of more than one-half of the lot owners when the expenditures (1) exceed
$30,000 on the repair or replacement of existing equipment or (2) exceed $25,000 on the purchase and installation of new equipment.