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HOA Assessments, Fees & Fines: Living at Bridges
NOTE: This article is currently being edited and is not to be considered final. This message will be removed once complete.
This article is under construction and should not be relied upon for any info. Please see your governing docs or inquire with management for actual details. 
 
The following is the delinquency policy, fine policy, and schedules for fees and fines, as provided for in the Declaration of Covenants, Conditions and Restrictions of Living at Bridges Homeowners Association and RCW 64.38.020.
 

Association Policy

Assessment Amount Per Home (2022) $110.00 Quarterly
Due Date   The 1st of each Qtr Jan, April, July, Oct
Grace Period 15 days
Late Fee/mo for balances $15.00 Monthly on unpaid balances
Delinquent Balance Interest 1% monthly, 12% per annum
Delinquency administrative letter charge, through May 2022 $15 each
Management delinquency demand letter charge, through May 2022 $25 per annum
Returned Check Fee (each check), through May 2022 then $25 $35.00 Does not include any issuing bank fees.
Lien Filing/release Fee
$ per legal cost
each
Escrow Transfer Fee $100.00 or going mgt rate
Maintenance Reserve Fee $500 Upon resale of home, paid by buyer
 

Delinquency Charges1

Special Assessments Setup (one-time) $5/unit per billing cycle  
Special Assessments Maintenance
(multiple month billing)
$10/unit per billing cycle  
Special Assessments Maintenance
(multiple month billing & tied to a Loan)
$15/unit per billing cycle SA with loan are billed as $15 minimum per month per unit, PLUS
quoted services for Agents additional scope of work
Return Check/NSF Processing $35 each Billed to Association, then assessed to Property Homeowner
ACH / Auto-Debit Set Up $5 each One-time set up fee for all ACH or auto-debit transactions
Delinquency Administrative Letters $15 each Written action step; assessed & reimbursed by Property Owner
Payment Plan Monitoring Letters $15 each Written action step; assessed & reimbursed by Property Owner
Delinquency Demand Letters $25 each Written action step; assessed & reimbursed by Property Owner
Pre-Lien Delinquency Letters $90 each Written action step; assessed & reimbursed by Property Owner
Attorney/Collection Delinquency Turnover $225 each Written action step; assessed & reimbursed by Property Owner
Attorney/Collection Delinquency Notices $15 each Written action step; assessed & reimbursed by Property Owner
Notice of Lien & Recording Service Fee $ per legal cost  Includes delivery to county, plus recording fees
Release of Lien $ per legal cost Preparation of release, plus recording fees
1) Billed to association, assessed to homeowner, then reimbursed to association. These apply through May 2022 only.
 

Fines

First Notice none
Second Notice Fine $50.00
Third Notice Fine $100.00
Fourth Notice Fine $200.00
Fifth Notice Fine $400
Ongoing Violations After 5th Notice $100/mo