Greenway Park Homeowners Association

Change in Penalties for Late Payments

Sep 09, 2001

At the Board Meeting, a homeowner asked when late fees were charged and facility use suspended in a case where money is owed to GWP. After reference to the covenants and much discussion, the Board voted to change the current procedure and give homeowners more time to pay their assessments before facility use is denied. Effective 09/01/01, homeowners who have a balance on their account after the 15th of the month will still be charged a $10.00 late fee. However, they can continue to use the facilities until the end of the month. If the balance still hasn't been paid by the 1st of the following month, thry will lose use of GWP facilities.