Annual HOA Assessments:
Annual HOA assessments total $1,200 per lot. Assessments can be paid in lump-sum or on a monthly basis by mailing or dropping off a check for Shiloh HOA at 10497 Ripley Court.
Preference is for lump-sum payment by January 31st. This minimizes the number of transactions your Treasurer needs to track throughout the year.
If paying monthly, $100 per month payment is due and payable on the 1st day of the month. A late payment fee of ten dollars ($35) will be charged against any Shiloh property for annual, monthly or special assessments more than thirty (30) days past due.
CC&R Article V Section 5
HOA Initiation Fee (aka Transfer Fee):
The one-time initiation fee is $100 issued when a home sells.
Purpose of Assessments:
The assessments levied by the Association shall not be used for any purpose other than promoting the recreation, health, safety and welfare of the residents in said property and in particular for the improvements and maintenance of the Common Area, the services and facilities devoted to this purpose and related to the use and enjoyment of the Common Area, and including without being limited thereto, the payment of taxes on all or any part of the Common Area. Subject to the above provision the Association shall determine the use of the assessment proceeds.
CC&R Article V Section 2
Basis and Maximum Annual Assessments:
a. The maximum regular monthly assessment may be increased by a vote of the Members, provided that any such increase shall be approved by the affirmative vote of not less than sixty percent of the votes of Members who are voting in person or by proxy, at a meeting duly called for this purpose. Unless waived in writing, written notice shall be sent to all Members not less than ten (10) days nor more than fifty (50) days in advance of the meeting setting forth the purpose of the meeting. Sixty percent (60) of the membership present and/or voting by proxy will constitute a voting quorum.
b. In addition to the regular assessments authorized above, the Association may levy in any assessment year, special assessments 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 described capital improvement upon the Common Areas, including the necessary fixtures and personal property relating thereto, and for such legal fees which may be incurred to protect the Association. All such assessments are subject to the assent of a sixty percent majority of the completed votes represented by those Members who are voting in person or by proxy at the meeting duly called for this purpose. Unless waived in writing, notice in writing of this meeting shall be sent to all Members not less than ten (10) days or more than fifty (50) days in advance, setting forth the purpose of the meeting. Sixty percent (60%) of the membership present and/or voting by proxy will constitute a voting quorum.
CC&R Article V Section 3 a. & b.
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 ninety (90) days after the due date, the assessment shall bear interest from the date of delinquency at the rate of twelve per cent (12%) per annum. The secretary of the Association shall file in the office of the County Recorder, Ada County, Idaho, a lien reflecting the amount of any such charges or assessments, together with interest, as aforesaid, which have become delinquent with respect to any Lot on said property, and upon payment in full thereof, shall execute and file a proper release of the lien, releasing the same. The aggregate amount of such assessments, together with interest, costs, and expenses, and a reasonable attorney’s fee for the filing and enforcement thereof, shall constitute a lien on the whole Lot (including any improvement located thereon) with respect to which it is fixed from the date the lien is filed in the office of said County Recorder for Ada County Idaho until the same has been paid or released as herein provided. Such lien may be enforced by the Association in the manner provided by law with respect to liens upon real property. The Owner of said property at the time said assessment is levied shall be personably liable for the expenses, costs and disbursements, including attorneys fees of the Declarant or of the Association, as the case may be, of processing and if necessary, enforcing such liens, all of which expenses, costs, and disbursements and attorney fees shall be secured by said lien, including all aforementioned expenses, costs, disbursements, and fees on appeal and such Owner at the time such assessment is levied, shall also be liable for any deficiency remaining unpaid after any foreclosure sale. No Owner may waive or otherwise escape liability for the assessments provided for herein by non use of the Common Areas, or abandonment of his dwelling unit, Lot, or Building Site.
CC&R Article V Section 6