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Saturday, July 16, 2005

Special Assessment 1997

A large plat of land exists between Buildings L and K to the north and Buildings I and J to the south, on the property shared by Easthill Apartments and Kenthill Townhomes along 109th Ave SE. During 1993 or 1994, a paving project was begun by Hume Investment, Inc. [the owner of Easthill Apts.] to provide a paved entrance, a paved parking lot, and a paved driveway in this area shared by both owners of this land. The cost submitted to Kenthill Townhomes as their portion for payment on the project was over $30,000. The Kenthill Townhomes Homeowners Association did not have that amount in their reserves. The Association began making payments, and was billed on the outstanding balance at a rate of 1%. In 1997, the association enacted a special assessment on all its homeowners, in order to pay off the outstanding amount.

The following is an excerpt from the March 10, 1998 Kenthill Townhomes Annual Homeowners Meeting:

“Achievements During 1997”
(Item 1) ”Debt to Easthill – Thanks to all of you for paying the Special Assessment, the debt has been retired. What is owing now are only current bills for 1998.”