Assessments

Annual Assessments (dues), Special Assessments, Property Taxes, etc Payments: The CDM Administrator will provide your Account Statement any time upon request. All amounts owed are in Mexican Pesos. For conversion from dollars to pesos, see www.banamex.com for the latest exchange rate. One check may be written for all amounts owed (including multiple lots). Any extra amounts paid are credited to your account. Payments made to CDM will be made to the CDM owner’s overall account and paid against the oldest outstanding debt. The purpose of this policy is to simplify the accounting/bookkeeping. Receipts for all payments will be placed in the CDM owner’s folder. Note: Annual Assessment and dues are synonymous.

Annual Assessment: CDM's annual budget is approved at the October Beneficial Users’ meeting. From the annual budget, each lot owner is assessed a percentage of the annual budget. Your Lot percentage can be found in the CDM Bylaws, Exhibit B . Your annual assessment is computed with the following formula: CDM-annual-budget * your-lot-percentage / 100 = your-annual-assessment. The minimum payment is equal to 25% of your annual assessment. The Quarterly (25%) payments are due on January 1, April 1, July 1, and October 1. To avoid a late fee (penalty) on your unpaid balance, payment is due before March 1, June 1, September 1, and December 1. The late fee is computed on March 1, June 1, September 1, and December 1. The late fee (penalty) percentage is set by a resolution approved by the Beneficial Users.

See the CDM Administrator on your current and past CDM Accounts. See FAQ Protocol for Article 42 for viewing financial records. All financial records are deemed to be confidential and private and are not placed on the web.

Special Assessments: Occasionally, special assessments are necessary to repair large items where there is not enough money in the annual budget to pay for the repairs. In the past, special assessments have paid for such items as sewer repair, road repair, etc.