Amount of Annual Assessment. The Owners acknowledge that the amount of the annual assessments for the current YEAR is $283.00 5) and, except for this Agreement, payment thereof is DUE NO LATER THAN January 31 of each year. (Owner Initial) 6) TOTAL DUE AND AGREEMENT TO TERMS OF COLLECTION Owners agree that he/she/they owe, and promise to pay, the following: Assessment $283.00 Payment plan charge to create, manage, and monitor the agreement $ Collection costs, administration fees or other charges $ TOTAL BALANCE DUE $283.00 FIRST PAYMENT: First payment must be made to enter into this Agreement as follows: TOTAL BALANCE DUE $283.00 DOWN PAYMENT $83.00 NEW TOTAL BALANCE DUE $200.00 PAYMENT DETAILS OF REMAINING BALANCE AND TERM: The remaining balance is payable must be made on entering into this Agreement as follows: Number of consecutive monthly installments 4 Amount of each monthly installment $50.00 Monthly Due Date 1st SEND/DELIVER PAYMENTS TO: 0000 Xxxxxxxxxxx Xxxxx, Xxx Xxxxxxx XX 00000 TERM: Final date TOTAL BALANCE DUE must be paid. Note there is no pre-payment penalty: / /20_
Amount of Annual Assessment. The amount of the annual assessments shall be set by the Board of Directors unless seventy-five percent (75%) of the Members who are in attendance or represented by proxy vote to increase or decrease the said annual assessment set by the Board.
Amount of Annual Assessment. The amount of the annual assessment shall not exceed $600.00 per Lot and (1/2 of the annual assess- ment for each Residential Unit, provided there is more than one Residential Unit on such Lot), which shall be payable on January 1 of each year. On any sale of a new Lot by Declarant, the Owner shall pay such assessment in advance on the date of conveyance to such Owner with the amount to be prorated based upon the number of months from the month of the conveyance to January 1. Prior to the initial sale of a particular Lot, Declarant may establish an annual assessment in excess of the above amount which addi- tional assessment shall be evidenced bythe filing of supplementary declarations of covenants, conditions and restrictions. The maximum annual assessment may be increased above the rate specified above by a vote of a majority of the votes of members entitled to vote in person or by proxy, at a meeting duly called for such purpose. From and after January 1, 2001, the maximum annual assessment may be increased each year above the maximum assessment for the previous year by a majority vote of the Board by the percentage change by which the Consumer Price Index ( for the area in which Little Rock, Arkansas is located, for all items, issued by the Bureau of Labor Statistics of the United States Department of Labor), for the immediately preceding calendar year exceeds such Index for the calendar year prior thereto or by 5%, whichever is greater. If the publication of such Index is discontinued comparable statistics on the cost of living for the area in which the City of Little Rock is located, as they may be published by any other agency of the United States, shall be used.
