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    Board Resolution 2024-002

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    paulinochelsearhaine
    The board resolution reduces homeowners association fees due to economic hardship from the pandemic. The one-time membership fee is reduced to PHP 2,000 from PHP 5,000. The monthly association dues are set at PHP 400, reverting a previous increase. The association clearance fee for homeowners selling property is PHP 5,000 per property, in addition to any unpaid dues. The resolution was approved by the board on March 3, 2024.

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    Board Resolution 2024-002

    Uploaded by

    paulinochelsearhaine
    294 views3 pages
    The board resolution reduces homeowners association fees due to economic hardship from the pandemic. The one-time membership fee is reduced to PHP 2,000 from PHP 5,000. The monthly association dues are set at PHP 400, reverting a previous increase. The association clearance fee for homeowners selling property is PHP 5,000 per property, in addition to any unpaid dues. The resolution was approved by the board on March 3, 2024.

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    The board resolution reduces homeowners association fees due to economic hardship from the pandemic. The one-time membership fee is reduced to PHP 2,000 from PHP 5,000. The monthly association dues are set at PHP 400, reverting a previous increase. The association clearance fee for homeowners selling property is PHP 5,000 per property, in addition to any unpaid dues. The resolution was approved by the board on March 3, 2024.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    294 views3 pages

    Board Resolution 2024-002

    Uploaded by

    paulinochelsearhaine
    The board resolution reduces homeowners association fees due to economic hardship from the pandemic. The one-time membership fee is reduced to PHP 2,000 from PHP 5,000. The monthly association dues are set at PHP 400, reverting a previous increase. The association clearance fee for homeowners selling property is PHP 5,000 per property, in addition to any unpaid dues. The resolution was approved by the board on March 3, 2024.

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    It will now be reduced substantially to two thousand pesos only (Php 2,000.

    00), taking in
    consideration the post-pandemic effect on our homeowners’ current economic standing.

    BOARD RESOLUTION NO. 2024-002


    NO.2024-002

    SUBJECT: Adoption and revisions of association clearance fee, membership fee, and
    monthly association and/or maintenance dues

    WHEREAS, in the meeting between the Board of Directors and Officers held last
    February 26, 2024, it was discussed and agreed upon that the move for financial and
    administrative self-sufficiency should immediately be initiated in anticipation of the
    upcoming turn-over of CHI of the management of the subdivision to the duly elected
    Homeowners’ Association (HOA) Officers within this year end.

    WHEREAS, in Article IV, Section 1, of El Paseo HOA, Inc. (EPHAI) by-laws, stipulates
    that upon the organization of this association, or the admission of any person as member
    hereof, every member of the association shall pay a One Time Membership Fee of five
    thousand pesos only (Php 5,000.00) paid in a manner to be determined by the Board of
    Directors or Trustees.

    WHEREAS, in Section 2 of the same article provides that the monthly association
    and/or maintenance dues of Four Hundred Pesos (Php 400.00) per household shall be
    collected from every member to defray the administrative cost and operational expenses of
    the association and subject to increase as the circumstances may warrant, upon approval of
    the Board of Directors and based on a Board of Resolution issued thereon.

    This abrogate/annul the previous Board Resolution of Article IV Section 2 (Board Resolution
    No. 2018-001) of modifying the monthly association dues of seven hundred pesos only (Php
    700.00). This resolution reverts/requites it back it to four hundred pesos only (Php 400.00)
    WHEREAS, Article IV, Section 4, of El Paseo HOA, Inc. (EPHAI) by-laws, stipulates that
    the Board of Directors or Trustees, may from time to time assess and collect from each
    member, reasonable amounts as may be necessary to fund special community projects for
    the common good and benefit of the association as approved by the majority of the
    members of the Board.

    Any member that will sell their house(s)/house and lot/lot(s) must pay a substantial
    association clearance fee amount of five thousand pesos only (Php 5,000.00) per property
    in addition to making restitution for unsettled monthly dues and penalties. Once all dues,
    payments, and penalties have been cleared, they are entitled to receive the homeowners’
    association clearance (HOAC).

    1
    NOW, THEREFORE, in consideration of the foregoing and in the spirit of community-
    building, cooperation, and equity and fairness in enjoying the rights and privileges of
    bonafide members of the Association, the Board of Directors resolves, as it does hereby
    resolve, to adopt the herein provisions particularly the rates herein prescribed;

    BE IT RESOLVED FURTHER THAT THIS RESOLUTION shall constitute sufficient


    authority for the enforcement of the one-time membership fee of two thousand pesos only
    (Php 2,000.00), monthly association and/or maintenance dues of four hundred pesos only
    (Php 400.00) and five thousand pesos only (Php 5,000.00) association clearance fee per
    property for homeowners deciding to sell their house(s)/house and lot(s)/lot(s) as well as
    having cleared all their dues and penalties.

    This resolution takes effect upon its approval.

    Approved this 3rd day of March, year 2024.

    _____________________ ______________________ _______________________


    Helconida Q. Ong Sherlita V. Pada-on Annie Lou Ting
    Board of Directors Board of Directors Board of Directors

    ____________________ ______________________
    Nora Panganuron Adeline C. Colico
    Association Communications Officer Association Communications Officer

    _______________________
    Marivic G. Daria
    Association Communications Officer

    2
    ___________________ ____________________ _______________________
    Marianne Joy B. Montero Arneil Torres Victoria L. Bacon
    Association Secretary Assistant Secretary Treasurer

    ___________________________ __________________________
    Analyn Capinig Vidor Maria Teresita D. Nepomuceno
    Auditor Vice President

    ___________________________
    Nemesio Ocampo
    President

    SUBSCRIBE AND SWORN to before me, this day of _____________________ , affiant having exhibited to me
    his/her __________________________________ , issued on ________________________ , at
    ____________________.

    NOTARY PUBLIC
    Doc. No. _______________
    Page No. _______________
    Book No. _______________
    Series of _______________

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