Tuesday, August 19, 2008

THE BAD NEWS:

Recently, some of our residents have received a letter from the Association attorney with regards to a lien being placed on their property due to unpaid 2008 assessments. The Board has made numerous attempts to let our residents know that unpaid 2008 assessments will be collected according to the legal requirements of Florida statutes. We have had a disappointingly large amount of unpaid assessments this year for a variety of reasons. Please know the Association and each Board member is extremely sympathetic to resident’s situations, however collecting unpaid assessments is an unpleasant duty which we are tasked to complete. Interest and legal fees actually cause the unpaid assessment to almost double, which makes it even MORE IMPERATIVE that residents contact us in the future if the full assessment cannot be paid by the regular January 31st due date. Like any other debt, communication is the best policy – before the collection letter is sent and a property lien is filed! Once an account is sent for collection to our attorney, we cannot accept just the unpaid assessment.

The GOOD NEWS:

Our year-end financial picture has improved somewhat. Due to the large amount of unpaid assessments, we will barely break even in terms of annual revenue vs. expenses BUT NOT make our scheduled contribution to the Replacement Fund. Should we receive the unpaid assessments by years’ end, we should be able to make a partial contribution to our Replacement Fund.

The OTHER:

I wanted to inform you of the upcoming Run to the Rock 5K/1M event in Palm Harbor on Saturday, September 20, 2008. As in the past, this event runs North on Westlake Boulevard from Nebraska Road to Alderman Road in the curb lane only of Westlake Boulevard. Westlake Boulevard will have some traffic restrictions in place during the hours of 7:30am until approximately 9:30am on that morning. During that time, the Pinellas County Sheriff’s Office will have 11 Deputies stationed along the course to control traffic at each street intersecting with Westlake Boulevard. FYI.

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