1. Annual Meeting Assessment, Dues & Utility Fees Update Butch Savage

2.  There are 177 cabin in our HOA  9 are presently in foreclosure

3. $140,000 has been received as of 4/23/12

4.  Finance charges added quarterly to unpaid balances  Liens being placed on properties  Legal advice being sought concerning other options, including cutting off water

5.  144 cabins are current on their dues. Thank You! Approximately $29,000 is still due for current quarter.  There are 33 cabins delinquent at least one or more quarters. Including finance charges and the current quarter’s dues, this represents almost $55,000.  The 9 cabins in foreclosure represent almost $25,000 of the $55,000 – 45%.  One cabin, not in foreclosure, owes over $12,000. We have a lien on it.

6.  155 cabins are current on their utility fees. Approximately $13,000 is still due for current quarter.  22 cabins are at least one quarter behind in their utility fees. Including finance charges and the current quarter’s fee, this represents slightly more than $18,000.  The 9 cabins in foreclosure represent about half this amount at almost $9,100.  One cabin, not in foreclosure, owes almost $4,000. We have a lien on it.