Pelican Bay Annual Member Guide 2018 - page 112

3.D. ASSESSMENTS
1. Payment of Assessments; Notices; Delinquencies
1.1. Annual Assessments due, and payable dates, are established by the Board. Members who have not paid
an Annual or Special assessment within ninety (90) days after the payable date may be suspended in accordance
with section 3.
1.2. Pursuant to Section 7.06(a) of the Bylaws, Neighborhood Associations have the responsibility to collect and remit
assessments to the Foundation.
1.3. If a Member fails to pay an assessment within thirty (30) days after the assessment is payable, the Foundation, or
Neighborhood Association (when assessments are collected by the Neighborhood Association), shall send written notice
to the Member that the assessment is delinquent. For assessments collected by a Neighborhood Association, if the
assessment is not paid within thirty (30) days after the Notice of Delinquency was sent, the Neighborhood Association
shall submit all information relating to non-payment to the Foundation.
1.4. The Foundation shall send a second written notice of delinquency. The notice shall state that the
Member is overdue and that a lien will be placed on the Member’s Unit if payment is not received within
forty-five (45) days.
1.5. Any assessment not paid within thirty (30) days after the payable date shall bear interest at the rate of eighteen
percent (18%) per year. In addition, a delinquent Member is responsible for payment of all costs including reasonable
attorney’s fees incurred in the collection of the assessment.
2. Collection from Tenants: Pursuant to Section 720.3085(8), Florida Statutes, if any Member is delinquent in payment of
any monetary obligation due to the Foundation, the Foundation may collect rent from the Member’s Tenant that is otherwise
payable to the Member until such monetary obligations are fully paid.
3. Suspension of Member’s Rights : The Foundation may suspend all rights of a Member, and the Member’s Tenants and
Guests, to use Common Areas, including Amenities, and all voting rights of the Member, if the Member is delinquent in
the payment of any monetary obligation due to the Foundation for more than ninety (90) days. Any suspension must be
approved by the Board of Directors.
4. Resale Capital Assessment: The Foundation assesses a transfer fee for the purchase of property in Pelican Bay. This fee is
included as a closing expense as part of the purchase transaction. When a Pelican Bay property owner purchases a second
property in Pelican Bay there is a one-time exemption where the resale fee is waived. Any future purchase by the same owner
in Pelican Bay will include this transfer fee.
3.E. INSPECTION OF OFFICIAL RECORDS
1. Request
1.1. Requests for inspection or copying or Official Records shall be in writing on a form provided by the Foundation and
available at the Foundation office and Foundation website (www.pelicanbay.org). Written requests shall specify the date
and description, if known, of the document(s) requested.
1.2. The date and time that records may be inspected or copied shall be within (10) business days of the Member’s
request, and the Member shall be given a minimum of 48 hours’ notice.
1.3. A Member (one membership per unit) may not submit more than one (1) request each calendar month.
2. Inspecting Records: The Official Records of the Foundation may be inspected at the Foundation office, or at such other
place as may be designated by the Foundation, by Members or their authorized agents between the hours of 9:00 A.M.
and 5:00 P.M. each weekday (excluding holidays) or as otherwise arranged and agreed in advance with the Foundation.
Authorized agents must have written permission from the Member authorizing such agent to examine the records on
behalf of the Member.
3. Copying Records: Copies may be obtained of the official records. The Foundation will make copies of the requested records
in the Foundation office at the cost of $.50 per page. Alternately, if the records requested exceed 25 pages, the Founda-
tion may have copies made by an outside vendor and may charge the actual cost of copying, including any costs involving
Employee’s compensation and charges at an hourly rate for the vendor’s and Employee’s time to cover administrative costs
paid to the vendor and for the Foundation.
4. Official Records : The Official Records of the Foundation are available at the Foundation office and Foundation website
(www.pelicanbay.org.)
Pelican Bay Member Guide 2018 112 PelicanBay.org