Willow Hills Homeowners Association    Prescott,  AZ

For your information, we have outlined below the Collection Policy for your Annual Assessment ('xx' equals year due)

• 1/01/xx - Annual Assessment

• 1/15/xx – Late Fee

• 1/30/xx – 12% interest

Interest continues to be assessed monthly at 12% on the total amount of “assessments” outstanding.

• 2/15/xx – Send a billing statement

• 3/01/xx– Send an Intent to Report to Credit Agency/Monitoring Firms

• 3/15/xx – Send to Credit Companies - $ 45.00 fee charged against owners account.

Continue each month adding the interest.

• 6/15/xx – Send Intent to Lien

• 7/01/xx– File Lien

• 9/15/xx – Send Intent to Attorney

• 10/01/xx– Send to Attorney

2021 Budget is attached below. For current financial copies,

please contact Tri-City Property Management Services, email: deja@tcpm.net

2021 Budget