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r -.► L:aAw OFFICES 1 <br /> G4LGH IST& RUrivr ,R �! <br /> PROF"F,8SIONAL CORtPOPWVION <br /> 1 � <br /> 1 <br /> Rodney Estrada <br /> June 5, 2009 <br /> Page 3 <br /> I <br /> who are delinquent in paying regular and special assessments, and, ultimately, the HOA could <br /> pursue such liens to foreclosure. As a result, the HOA will have very real powers of <br /> enforcement and collection when it comes to ensuring the future adequacy of funding for the <br /> System and the other common areas and facilities of the Park. It is also worth noting that each <br /> lot owner at the Park will be responsible for only 1/173 (just over %2 of one percent) of the <br /> HOA's operating funds; therefore, the risk posed by the failure of any one lot owner to pay an <br /> assessment is minimal. <br /> i <br /> I anticipate that this letter will answer your concerns regarding the post-conversion <br /> operation and maintenance of the System, but please do not hesitate to contact me if you have <br /> any further questions regarding the same. I also ask that you respond with an indication of what <br /> your requirements will be upon transfer of ownership of the System to the HOA. <br /> Very truly yours, <br /> GIL RI T & RUTTER <br /> Pr essi o oration <br /> Richard H. Close <br /> Of the Firm <br /> 5 R R;SRR/173 892 1.DOC/060509 <br /> 4792.001 <br /> cc: Mr. Tim O'Brien(Via Email: tobrien@waterboards.ca.gov & U.S. Mail) <br /> Mr. Sid Goldstien (Via Email: sid@sjgce.com& U.S. Mail) <br /> t <br /> i <br /> f <br /> il'I III <br /> 1 <br /> „ I <br />