Midtown Reserve HOA

Midtown Reserve HOA Dues

Residents can conveniently pay HOA Dues online through their Homeowner Web Access Portal here: Midtown Reserve HOA Web Portal

HOA Dues are $750 per year as set forth by the board of directors.

Per your Association’s governing documents, the yearly assessment is due in FULL on or before January 31st.

Or Payment Option: Pay $375 on or before January 31, and then pay balance of $250 on or before March 31.

Unpaid balances over $375 after January 31st, will be charged late fees of 1.5% each month balance is not paid. Collection proceedings will begin on April 1st – unpaid balances will be accessed a $25 Cost of Collection Fee in addition to the late charges accessed monthly.

Per ByLaws Article A. 1. Membership. Every Owner is a Member of the Association. Membership is appurtenant to and may not be separated from ownership of a Lot. The Association has one class of voting Members.

Per CCRs Article 7.03 Regular Annual Assessments. Prior to the beginning of each fiscal year, the Board shall estimate the expenses to be incurred by the Association during such year in performing its functions under the Midtown Reserve Residential Restrictions, including but not limited to the cost of all entry ways, landscaping, greenbelts, common areas, median strip, and right-of-way maintenance, the cost of enforcing the Midtown Reserve Residential Restrictions, and a reasonable provision for contingencies and appropriate replacement reserves, less any expected income and any surplus from the prior year’s funds. Assessments sufficient to pay such estimated expenses plus any applicable mandatory fees for services provided such as basic fitness club access, shall then be levied as herein provided, and the level of Assessments set by the Board shall be final and binding so long as it is made in good faith. Though billed to each Lot owner separately from the regular annual Assessments, each Lot shall subscribe for basic fiber internet service provided by the Association. If the sums collected prove inadequate for any reason, including nonpayment of any individual Assessment, the Association may at any time, and from time to time levy further Assessments in the same manner as aforesaid. All such regular Assessments shall be due and payable to the Association at the beginning of the fiscal year or during the fiscal year in equal monthly installments on or before the first day of each month, or in such other manner as the Board may designate in its sole and absolute discretion.

Per CCRs Article 7.05 Owner’s Personal Obligation for Payment of Assessments. The regular and special Assessments provided for herein shall be the personal and individual debt of the owner of the Lot covered by such assessments. Except as otherwise provided in Section 7.01 (A) hereof, no Owner may exempt himself from liability for such Assessments. In the event of default in the payment of any such Assessment, the owner of the Lot shall be obligated to pay interest at the highest rate allowed by applicable usury laws then in effect on the amount of the Assessment from due date thereof (or if there is no such highest rate, then at the rate of 1.5% per month)’, together with all costs and expenses of collection, including reasonable attorney’s fees.

Midtown Reserve HOA Meeting Minutes

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