Making sure our subdivision makes the best possible use of your hard earned dollars
Financial Documents Through October 2020
What are the expenses involved in running our subdivision?
Here are the numbers presented at the 2019 Annual Meeting. P.R.R.M.A. is the Pheasant Run Roadway Maintenance Association which is responsible for our roads and sidewalks.
2021 Annual Assessments
Due to controlled expenditures and the collection of past due accounts, the Board of Directors is pleased to again maintain the annual assessment amount of $550 for this year.
The annual assessment is due Monday, March 1, 2021. Payments are payable to Pheasant View Homeowners’ Association (PVHA) and should be mailed to P.O. Box 871463, Canton, Michigan 48187. Please include your lot number on your check for proper crediting to your account. Payments may also be made by credit card through PayPal using the "Pay Now" button below. There is a $16.75 PayPal processing fee associated with this convenience. Payments received before March 1, 2021 will avoid a late fee of $110 and a monthly interest charge of 7% per annum, starting March 1, 2021. PVHA will charge a $25 fee plus any additional bank fees for a check returned to us indicating “insufficient funds”.
The PVHA Board employs an independent third-party collection agency for all delinquent accounts. The fee schedule is below. You will save hundreds of dollars by paying on time. Please fully complete the lower portion of your invoice and enclose it with your payment. To reduce subdivision expenses, we are not EFT compatible. If your financial institution is preparing your payment on your behalf, we still need and use the information updates below.
Thank you for your prompt payment!
To pay through PayPal using a PayPal account or credit card, select your address and lot number from the drop-down list and click the "Pay Now" button to be directed to PayPal and complete the processing. The $16.75 PayPal processing fee will be added to your assessment.
Delinquent, Late and Unpaid Assessments
Outside/Third Party Collection Fees
When Pheasant View HOA has uncollected dues or fees, the Board of Directors will turn these amounts over to a third party collection service. We have contracted with ASSOCIATION DUES ASSURANCE CORPORATION (ADAC) to collect past due amounts on our behalf. Once an account has been given to ADAC, all future money and communication is through ADAC until the outstanding amount has been collected and ADAC closes the case. When an account is overdue, Pheasant View assesses a late fee and monthly interest. ADAC collection fees are added to the total amount owing and they accumulate very quickly; some charges listed below are recurring monthly charges. A $105 late fee will become a $1200 collection fee in six months! Pheasant View receives what is owed to us (assessment, late fee and interest). Below is the current schedule for ADAC's cost and fees.
ASSOCIATION DUES ASSURANCE CORPORATION
SCHEDULE A - Costs and Fees
Effective March 1, 2019