| Following
is the Assessment, Billing and Collection Policy of the
Scottsdale Camelback Resort Association, Inc. (the “Association”)
as adopted by its Board of Directors on April 6, 1987 and amended
on May 17, 1988; September 27, 1988; September 16, 1991; March
8, 1996; August 20, 1999; and June 6, 2003. Said policy
is authorized by and in adherence with Sections 6.01 through 6.14
of the Declaration of Dedication.
November 1:
An operating budget and a written statement of the Interval Owners
assessment for the following fiscal year are mailed to each Owner.
Assessments are due and payable on January 1st. It
is the policy of the Board of Directors to mail the notice to
the Interval Owner’s address of record as provided to the Association
by the Owner.
January 1:
Assessments due and payable.
January 11:
Delinquency date. Second notice is mailed informing Owners
of their default status and that Late Fees and Interest will be
charged to their account as of February 1.
February 1:
Third notice is mailed to all Owners in default. Delinquent accounts
are assessed a one time $50.00 late fee and interest at 1.5% per
month (18% per year). Owners in default may not make or hold reservations
for any type of use. Any existing reservations are canceled with
no guarantee that another reservation will be available when the
Owner’s account is brought current. Defaulting Owners are
denied day use privileges. Interval Interests becoming available
as a result of delinquencies shall be made available to Bonus
Time, or the Administrative Hold Program. Net proceeds shall offset
the Association’s operating expenditures and will not be applied
to the defaulting Owner’s debt.
March 1:
Accounts in default are contracted to a professional collection
service. The cost of said service shall be added to the defaulting
Owner’s account. Please note that after the account has been contracted
with the collection service all correspondence must be directed
to the collection service.
April 1:
A Claim of Assessment Lien is filed with Maricopa County, Arizona,
on each delinquent Interval Interest and small claims action is
initiated. All costs are added to the delinquent Owner’s account.
FORECLOSURE
OF LIENS
At the discretion of Management, and
with approval of the Board of Directors, foreclosure of Liens
begin on appropriate Intervals with all costs added to the defaulting
Owner’s account.
RETURN
CHECKS
The Association will charge a fee for
returned checks. The official notice of a returned check will
be sent by certified letter instructing the writer either to bring
cash or to send a certified check, money order or cashiers check
in the amount of the returned check plus the returned check fee
to Scottsdale Camelback Resort’s Accounting Department.
The returned check
fee is $30.00, or 5% of the face amount of the check, whichever
is greater. The returned check fee applies to each check returned.
The fee and replacement funds are due within 10 days of the receipt
of the official notification (via certified letter) that a check
was returned.
MEMBER
ADDRESS
Each Owner of an Interval Interest at
Scottsdale Camelback Resort (SCR) becomes a Member of the Scottsdale
Camelback Resort Association, Inc. (Association). The Covenants,
Conditions and Restrictions of SCR require that the Association
communicate with each of its Members on several occasions each
year. In order to meet these communication requirements the Association
maintains a register that contains the names, addresses and telephone
numbers of all its Members.
Changes of
Member’s register information is required to be in writing and
can be mailed or hand delivered to the Association’s Administrator
at 6302 East Camelback Road, Scottsdale, Arizona 85251, sent via
fax (480) 947-6853 or emailed to our Administrative
Assistant.
If an Owner’s
assessment billing is returned to the Association’s Administrator
by the Post Office because the Owner has moved and not notified
the Association’s Billing Department or the Administrator, a re-billing
fee of $2.00 will be posted to the Owner’s account as a Personal
Assessment.
It is the
duty of each Member to maintain their current information within
the Association register. The Association will mail any
required communication to the address that appears in this register
and will assume that the address is the most current one. If a
Member gives no address or if the address in the register is the
wrong address, the communication shall be deemed to have been
given to the Owner if sent by mail addressed to the Residence
Unit associated with such Member’s Interval Interest.
In accordance
with the Declaration of Dedication, Article VI Assessments, Sub
Section 6.03, the Association is required no later than November
1 of each year to provide each Interval Interest Owner an operating
budget for the following fiscal year and a statement of the Assessment
levied against each Interval Interest owned for such year.
If the Owner
of an Interval Interest does not receive a copy of the Budget
and a Statement of Assessment by November 30th of each
year, the Owner must immediately contact the Scottsdale Camelback
Resort’s Accounting Department. An Owner that for any reason does
not receive their Assessment Statement is nonetheless responsible
for the timely payment of their Assessment and will be charged
with late fees and interest in accordance with the Association’s
Assessment, Billing and Collection Policy. |
