The Melrose HOA operates on a financial budget derived from all 398 properties within the subdivision. As of 2025, the annual assessment dues per property in Melrose and Inverness at Melrose are set at $200.00, resulting in annual accounts receivable of $79,600.
This annual budget is designed to ensure that all invoices and capital projects are completed and satisfied on time.
If you choose not to pay your assessment dues or any violation fines, the Melrose Board of Directors will actively pursue a financial remedy.
Failure to pay your annual dues on time, as outlined in Resolution 2025-6, will incur an additional $50 fine according to Resolution 2009-1. Additionally, failing to pay violation fines on time, in accordance with Resolution 2025-2, will lead to financial escalation every 20 days. Furthermore, PMI Scioto Metro imposes a $10 monthly administration fee in addition to any Non-Sufficient Funds (NSF) fees that must be reimbursed to the Association, as specified in Section 3 - FEES, Sub-Section 3.4-Fining, Collections & NSF Fees of the contract.
Per Resolution 2025-6, if past assessment dues surpass 90 days, they will enter a collection process. If the Melrose BOD approves a property for collections, there is an upfront fee that the Melrose HOA must pay, along with a one-time collection administration fee of $100 from PMI Scioto Metro, as outlined in Section 3 - FEES, Sub-Section 3.4-Fining, Collections & NSF Fees.
Furthermore, any past assessment dues that exceed 120 days will result in a lien being placed on the property and recorded with the Fairfield County Recorder's Office.
The final action the Melrose HOA may take to collect outstanding assessment dues and violation fees is to submit a request for pre-foreclosure on a property. This process involves attorney fees that the HOA covers, which are reimbursed by the property owner if they seek to avoid foreclosure.
If you are behind on your assessment payments or violation fines, please take action to pay them promptly to avoid incurring additional fees.