At the request of many property owners, we have made the necessary changes to be able to accept your payments to Timber Lakes Property Owners Association by credit card. This service is available, effective immediately.

Because we are a non-profit organization, and every penny counts, we have determined that the cost to the Association for processing credit card transactions needs to pass to the owner who is using the card. After consulting with our bank, and at their recommendation, we will add a processing fee to the amount you are paying by credit card. That fee will be $15 or 3% of the total, whichever is greater.

For example, if you were paying this year’s annual assessment, and you did not owe a late fee or interest, the amount would be $558. The processing fee is $16.74 (because 3% of $558 is greater than $15).

If you were purchasing two snowmobile/ATV stickers and two gate remotes, the total would be $90. The processing fee is $15 (because $15 is greater than 3% of $90).

We can take Visa, MasterCard and Discover Card. We cannot accept American Express or any other credit cards.

To pay by credit card, please call the office during its regular hours (currently 9 am-1 pm Monday through Friday) and Connie will assist you.

Property owners in the Timber Lakes Estates subdivision must pay an annual assessment. We use the assessment primarily to build and maintain roads and to remove snow during the winter. It also funds our operating expenses, such as the employee payroll, security and common area maintenance. By covenant, the annual assessment fee may not be increased from year to year by more than 10% without approval of a 2/3 vote of members present in person or by ballot at a special meeting called to consider such an increase.

Although we send out an invoice as a courtesy to owners, the assessment is due and payable even if you do not receive the invoice. Our CC&Rs and Bylaws require the collection of late fees if you do not pay your assessment on time, regardless of the reason.

As a property owner, you are responsible for notifying the Association of any change in your mailing address and/or telephone number(s). There is a $100 fee, payable to the Association, for transferring ownership of each lot. In a normal real estate transaction, the title company will make sure the transfer fee is paid. If you do not use a title company, or if your title company missed this fee, you are still required to pay the fee before you can access your property through the main gate.

The annual assessment fee for 2008 is $508, was due in January 2008 and was late after March 31. All accounts with an outstanding balance have been turned over to our attorney for collection.

The annual assessment fee for 2009 is $558, is due in January 2009 and will be late after March 31.

We have posted our Our Accounts Receivable Policy, which governs what happens if you pay late.

Please feel free to contact me if you have any questions.

Charlie Richards

We are working on improving our accounting procedures and controls. As part of this improvement, we have established a new mailing address. Any remittance (dues, fees, bonds, etc.) should be mailed to the new address. The address is:

Timber Lakes Property Owners Association
P.O. Box 9183
Salt Lake City, Ut 84109-9183

Other improvements include the initiation of purchase orders and pre-approval of the entire Board for expenditures. This will help us assure you that your property owner dues are being spent wisely and with full knowledge of the Board. We are eliminating the practice of one board member being able to commit a large sum of money without a prior discussion and official authorization from the rest of the Board. It will also go a long ways towards being accountable to you, the Association members, for where the money goes, and why.

Please let me know if you have questions or additional suggestions.

Charles Richards, Treasurer