How much is the special assessment?
The special assessment is $1,100 per each home owned.
When is the assessment due?
The special assessment is due May 15, 2017.
How do I pay the assessment?
Homeowners may pay by money order, check, or credit card.
Money orders and checks can be mailed to HCHA Special Assessment, 5619 Hamstead Crossing, Raleigh, NC 27612. These methods of payment can also be dropped in the Hamstead Crossing mailbox located across from unit 5609. Make sure that you note on the check that it is for the Special assessment and do not combine it with a payment that is for dues. Checks must be solely for an assessment payment.
Individuals wishing to pay via credit card must be registered on the Hamstead Crossing website, www.hamsteadcrossing.org. Sign-in on the website and from the top of the column on the left side select "your profile". When that page opens select "pay balance" and follow the instructions in that section. As with any use of a credit card, there is a convenience fee charged by the company.
Must I pay the entire assessment in at in one payment?
Homeowners may make installment payments using any of the three payment methods. The only requirements are that the entire assessment be paid by May 15, 2017 and that each payment be solely for the assessment.
What happens if I do not pay the special assessment by May 15, 2017?
The following information from the Hamstead Crossing Governing Documents details the process the HCHA Board is legally mandated to following regarding collection of special assessments.
Section 4. Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy in any assessment year a special assessment applicable to that year only, for the purpose of defraying, in whole or in part, the cost of any construction or reconstruction, unexpected repair or replacement of a described capital improvement upon the Common Area, including the necessary fixtures and personal property related thereto, provided that any such assessment shall have the assent of two-thirds (2/3) of the votes of each class of members who are voting in person or by proxy at a meeting duly called for this purpose, written notice of which shall be sent to all matters not less than 30 days nor more than 60 days in advance of the
meeting setting forth the purpose of the meeting
Section 8. Effect of Nonpayment of Assessments: Remedies of the Association. Any assessments which are not paid when due shall be delinquent. If the assessment is not paid within thirty (30) days after the due date, the assessment shall bear interest from the date of delinquency at the rate of ten percent (10%) per annum, and the Association may bring an action at law against the Owner personally obligated to pay the same, and interest, costs, and reasonable attorney’s fees of any such action shall be added to the amount of such assessment. No owner may waive or otherwise escape liability for the assessments provided for herein by non-use of the Common Area or abandonment of his Lot.
Section 9. Subordination of the Lien to Mortgages. The lien of the assessments provided for herein shall be subordinate to the lien of first mortgage. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot which is subject to any mortgage, pursuant to a decree of foreclosure under such mortgage
or any proceeding in lieu of foreclosure thereof shall extinguish the lien of such assessments as to payments thereof which became due prior to such sale or transfer. No sale or transfer shall relieve such Lot from liability for any assessments thereafter becoming due prior to such sale or transfer. No sale or transfer shall relieve such Lot from liability for any assessments thereafter becoming due or from the lien thereof.