NOTICE OF ANNUAL ASSESSMENT
TO: Lot Owners/Members, Hamstead Crossing Homeowners Association, Inc.
DATE: November 27, 2023
RE: Notice of Annual Assessment & Payment Options
FROM: Board of Directors, Hamstead Crossing Homeowners Association, Inc.
PLEASE TAKE NOTICE THAT:
Pursuant to the vote by written ballot of the membership of Hamstead Crossing Homeowners Association, Inc.(“Association”), the annual assessment has been increased for the purpose of defraying the cost of replacement of all of the roofs on all of the townhomes. With 81 votes cast, a quorum was reached and by a vote of 65 to 16, the
annual assessment for 2024 has been increased. This increase is for 2024 only.
The annual assessment for 2024 is $6,340.00 per lot. Payment of the assessment is mandatory, and the Association will be enforcing payment obligations. Payment options are provided below.
The total 2024 annual assessment of $6,340.00 per lot is due no later than January 1, 2024. The Board of Directors has approved several options to make it easier for lot owners to pay:
Option 1:
Pay the entire $6,340.00 by January 1, 2024, or
Option 2:
Pay $4,000.00 (the roofing portion of the assessment) by January 1, 2024, and
Pay regular monthly payments of $195.00 by the first day of each month, or
Option 3:
Pay $528.33 by January 1, 2024, and pay $528.33 each month for the next consecutive eleven months no later than the first day of each month
A lot owner shall make payment in accordance with one of the above payment options. If a lot owner who accepts one of the two payment plan options stated above by making the initial payment thereafter fails to timely remit a monthly payment pursuant to the payment plan, the entire remaining 2024 annual assessment shall be immediately due and owing.
Payment can be remitted through check or by auto draft.
It is anticipated that a roofing contractor will be selected and contracted in late 2024 with roof replacement to begin in 2025.
Please contact the Association at deborah.hamstead.hoa@gmail.com if you have any questions. It would be helpful to know how you intend to make your payments.
Sincerely,
Hamstead Crossing Board of Directors
