Special Assessment

Red Bank Oaks

Board Resolution - September 19, 2009

Special Assessment for Road Maintenance

The Board of Directors, Red Bank Oaks Property Owners’ Association, does here by RESOLVE that:

WHEREAS the roads within the Red Bank Oaks Property Owners’ Association have not been fully maintained for 4 years and have substantially degraded over those years…

WHEREAS the 2/3^rds clause in the Covenants, Conditions, and Restrictions (CC&Rs), Article III, “Management,” paragraph 6 restricts the funds available for road maintenance …

WHEREAS said Association has consistently lacked sufficient funds to fully maintain the roads within said Association ….

WHEREAS said Association has responsibility to maintain said roads and provide liability protection for said roads per the CC&Rs, Article III, “Management,” paragraph 4 …

The Board of Directors of the Red Bank Oaks Property Owners’ Association, a California non-profit corporation, on this day September 19, 2009, does adopt a Special Assessment levy of two hundred fifty ($250.00) against each parcel of Red Bank Oaks Property Owners’ Association for road maintenance for the fiscal year commencing January 1, 2010 and ending December 31, 2010.  Said resolution is duly adopted pursuant to the Articles of Incorporation and By-Laws of said corporation and the covenants, conditions, and restrictions applicable to said parcels thereof as recorded in the Clerk & Recorder’s Office of Tehama County, California.  Payment of said Assessment is due no later than April 15, 2010.

WE FURTHER RESOLVE that should full payment of said assessment not be received by April 15, 2010, said assessment will constitute a lien against each parcel of real property in delinquent status, for payment and satisfaction in full of said assessment and interest as follows:

_X_     ___         ___________________________________

Aye     Nay           Kimberly A. Rowe, President

___      ___         ______Absent_______________________

Aye     Nay           Christine Wooldridge-Davis, Vice President

_X_     ___         ___________________________________

Aye     Nay           David Weston, Treasurer

_X_     ___         ___________________________________

Aye     Nay           Keith Beltz, Secretary

_X_     ___         ___________________________________

Aye     Nay           Mandy Kleykamp, Adjutant

[ Home ] [ Up ] [ Assessment Notice ]

Copyright © 2008 Red Bank Oaks Property Owners' Association
Last modified: 02/21/09