North Ridge Estates Homeowner Association Dues & Membership Facts

v     Ball Homes, Inc., Developer of North Ridge Estates, built and sold each of these 124 units.  Each deed of a unit has specific language to that fact of the Homeowner Association.  When Ball Homes sold the 124^th unit; they turned the HOA over to the homeowners in North Ridge Estates.  The HOA membership requirement does not go away when a unit changes homeownership; it passes to the new homeowner(s).

v     The Homeowner Association consists of 124 homeowner units.  By owning a unit, the homeowner(s) are allocated a vote in matters of the HOA.

v     The Homeowner(s) of a Unit is responsible for paying annual dues.  The HOA dues are currently at $70.00 per year.  There are two payment options:

o       Option One – is one payment of $70.00 pays in full that fiscal year and

o       Option Two – two payments of $35.00; with first due by July 15^th and the second due by January 15^th of the respective fiscal year. 

A fee of $10.00 is assessed for late payments.  If the dues are not paid, an attorney will be retained with the potential of a lien place on that unit for failure of homeowner(s) to pay dues

v     The Fiscal Year runs from July 1 through June 30.

v     In selling of a homeowner’s unit the HOA dues are/shall be prorated at the day of closing.  The seller is responsible for dues from July 1 to the closing date of that given fiscal year.  The buyer is responsible for dues beginning on the closing date till June 30^th of that respective fiscal year.

v     The HOA Board of Directors is made up of fellow homeowners.  Their term of service is for 2 years.  The HOA Board of Directors members are not paid for their service; nor are any sub-committees thereof.

v     The HOA Dues cover the following listed expenses of the Association: mowing, weed eating, and edging sidewalks of the three common areas of the Association, insurance, taxes on common areas, legal matters, and miscellaneous items