Oakland Heights Owners Association, Inc.

ANNUAL ASSESSMENT INFORMATION

ASSESSMENTS DUE JANUARY 1, 2006, INTEREST ADDED FEB 1.

The Board has again approved the following payment procedures to assure that all funds are collected in a timely manner. The rate was set at $350.00 per year, due on January 1, 2006. Interest on the unpaid balance begins to accrue on February 1st and is added monthly until the assessment is paid in full.

PAYMENT PLAN AVAILABLE

The Board approved a two-payment plan. If members pay at least $175.00 prior to the 31st of January 2006, they may delay the second payment of $175.00 until July 1st, 2006.

DELINQUENT ACCOUNT PROCESSING

The Board has set a policy of notification on late assessments. Members are urged to notify the Board if there are any extenuating circumstances which keep them from making their payments. If members do not contact the Board in writing prior to receiving their third statement of delinquent account, their accounts will be turned over to an attorney for collection. This process will add legal fees to the amount owed which could be sizeable. Members are urged to take this assessment obligation seriously. Make checks payable to OHOA and send to Oakland Heights Owners Association, 7800 IH 10 West, Suite 800, San Antonio, TX 78230.