Tag Archives: Fees

New Collection Policy – Effective May 1st 2017

CRRA Collection Procedures Policy

Effective Date: May 1st, 2017

This Policy is put forth in accordance with the Memorandum and Articles of Association and the Encumbrances registered on each title for the Cougar Ridge Residents Association.

  1. May 1st invoices detailing the Annual Rent Charge, plus applicable taxes including GST, are sent out to Members with Payment required by June 29th of the same year (net 30 days). The fees cover the fiscal year – January to December.
  2. If payment is not received by the Due Date of June 29th, a statement including interest at the rate of 18% per annum, is sent out to the Member with the stamp: PAST DUE on July 31st (1 month overdue).
  3. If payment is not received by August 31st (2 months overdue), a second statement including interest at the rate of 18% per annum, is sent to the Member with the stamp PAST DUE: SECOND NOTICE.
  4. If payment is still not received by October 31st, a title search will be done and a DEMAND LETTER will be sent to the Registered Owner on Title and a $30 fee will be included to cover the cost of obtaining the Title search and associated administrative fees. The Member Registry Roll will be updated with the current owner’s information.i. The DEMAND LETTER will state that payment is required in full by November 30th, or the account will be turned over to the Cougar Ridge Residents Association’s legal counsel and foreclosure proceedings will be initiated. All legal and collection costs are charged back to the owner.
  5. If account remains unpaid on December 1st, then it is turned over to legal counsel who issues another DEMAND LETTER for payment within 15 days, after which foreclosure proceedings will be initiated.
  6. A copy of the collection policy should be included with all invoicing notices sent to members. It is each member’s responsibility to ensure that payment clears their bank accounts.
  7. Annual Fees are collected by Accredited Condominium Management Services Ltd. (ACMS) Suite 8, 11010 46th Street SE, Calgary, Alberta T2C 1G4 on behalf of the Cougar Ridge Residents Association. Acceptable methods of payment are cash, cheque and e-transfer. For questions regarding payments contact ACMS at (403) 253-7525.
Annual Fees are to be made Payable to the Cougar Ridge Residents Association.
Payments are received by the Management Company:
Accredited Condominium Management Services Ltd. (ACMS)
Suite 8, 11010 46th Street SE
Calgary, Alberta T2C 1G4
Approved by the Board of Directors – April 6, 2017.  A copy of the policy is available in PDF format.

March 2017 Newsletter

Cougar Ridge Residents Association (CRRA) Update – March 2017

Spring has sprung! Or, has it?

We hope you had a great winter! The snow is melting and the temperatures are finally rising. This also means that the landscaping season for Cougar Ridge is once again just around the corner.

CRRA Member Resident Fees – Due June 29th, 2017
The CRRA annual fees are currently set at $108.15 including GST. This is one of the lowest Residents Association fee in Calgary SW. Fees have only been raised once to date and the CRRA Board of Directors aims to continue to keep fees low.

2017 invoices will be mailed out in May 2017. Our management company, Accredited Condominium Management Services (ACMS), will be sending out the invoices on our behalf. The 2017 fees will be due June 29, 2017.

The CRRA fee is a legal requirement and has been registered with Alberta Land Titles as an encumbrance on each and every residential property that was developed wholly, or in partnership with United Communities Inc. In other words, each person with an encumbrance signed an agreement to pay the annual fees when they purchased the property. This includes the new Apex Development at Paskapoo Slopes as well as all those homes developed by United Communities.

We need to anticipate most of our funds coming in when they are due, in order to most effectively allocate the funds towards landscaping goals for that season. When you pay your fees on time and your account is up-to-date, you allow the Board of Directors to focus less on collections and more on our real mandate; landscaping and beautification of our community.

Several member residents have outstanding invoices from 2016. Please ensure your 2016 fees have been paid and that your account is up to date. Cheques or cash are accepted and cheques should be made payable to the Cougar Ridge Residents Association and mailed to ACMS directly. Alternately, please contact ACMS to arrange for an e-transfer of funds. Please remember to include your address with your payment.

ACMS address:
8, 11010 – 46 Street SE
Calgary, AB  T2C 1G4

When member residents fail to pay their fees, not only is this not abiding by the encumbrance on your land title and unfair to other member residents, but it also means we can’t accomplish our landscaping and maintenance goals for that year. Interest does accrue on unpaid invoices, so we urge you to pay your fees upon receipt of the invoice each year.

We realize invoices do get misplaced or lost and we sometimes simply forget. The Board also understands that these are difficult financial times for some. If this is an issue, please contact ACMS to discuss your situation. However; we as a Board are responsible for ensuring all member resident fees are paid. The CRRA collections procedure will be available shortly on our website.

For information regarding the status of CRRA annual fees, calendar year and arrears, please contact ACMS directly. Email:  Nathalie Skyrie at nathalie@acms.ca or phone 403 253-7525.  Please remember to advise ACMS when you sell your home, to ensure their records are accurate and up to date. Their website is www.acms.ca Alternately, you can also email us at feedback@mycougarridge.com

Landscaping 2017 Season
Our contractor, Pixie Gardens, will be out in full force by June of this year. We will continue to ensure flowers are planted throughout the community, in the entrance areas, boulevards, planters, and some of the parks. These areas will be maintained by Pixie Garden crews throughout the growing season.

The City of Calgary Parks department maintains responsibility for the mowing of the green spaces in Cougar Ridge.

Who are we?
The CRRA is a non-profit organization responsible for the ongoing maintenance of common spaces as well as landscaping enhancements in the community of Cougar Ridge. A volunteer Board of Directors manages the CRRA. These individuals are Cougar Ridge residents elected at the Association’s Annual General Meeting.

The CRRAs mandate and objective is the beautification of Cougar Ridge, through the management of neighbourhood enhancements such as flowerbeds, entrance areas, planters and extra landscaping and maintenance of city boulevards, medians and parks. These enhancements are only possible through the annual CRRA fees, which are mandatory and listed on your land title.

The CRRA is a separate organization from the West Springs Cougar Ridge Community Association. The WSCR Community Association is also a volunteer-based organization with various responsibilities including issues affecting the community, sports activities, a community newsletter as well as community events.

The CRRA will continue to submit regular articles to be published in the WSCR Community Association newsletter, so that you are kept informed of what is happening in the community with respect to landscaping. Please also check our website for new information and updates: www.mycougarridge.com

Submitted by your 2016-2017 CRRA Board of Directors
Written by N. Welsh, March 2017

A .pdf version is also available.

New Collection Policy – Effective May 1st 2016

CRRA Collection Procedures Policy

Effective May 1st, 2016 

The first year the fees are due, the following process is used:

  1. Invoices are sent out to Owners in May with payment required by June 30th of the same year (net 30 days). The fees cover the fiscal year – January to December.
  2. If payment is not received by September 1st (4 months following original invoice date), a statement including interest is sent out to the Owner with the stamp: PAST DUE.
  3. If payment is not received by November 1st (6 months following original invoice date), a CRRA letter is sent out to the Owners, including a statement showing the arrears with interest and a $30 collection charge.

If the fees were not collected for the previous year, then in the second year the following process starts:

  1. In January (8 months following original invoice date), a Demand Letter is sent to the Owner requiring payment in full of arrears and interest charges. Management Company administration cost for Demand Letter is charged back to the Owner’s account.
  2. Annual invoice sent out in May with the new fees and outstanding balance from previous year(s) due by June 30th.
  3. On September 30th, if payment is not received, a statement of account is sent to the Owner advising of total amount past due. Past due interest is charged as per CRRA Articles of Association and a $30 collection charge is posted on the owners account.
  4. November 1st, a Demand letter is sent from Scott Venturo, legal counsel for the CRRA, with all costs charged to the Owner.
  5. If payment is not received by January 1 of the third year, Foreclosure proceedings are initiated. All legal fees are charged back to the Owner.

 

Annual fees should be made payable to the Cougar Ridge Residents Association and mailed to the Management Company: Accredited Condominium Management Services Ltd. (ACMS) Suite 8, 11010 46th Street SE Calgary, Alberta T2C 1G4.

Should you have any questions or concerns, please contact nathalie@acms.ca