Master Association Annual Dues will Not Increase in 2004

Castle Pines North Master Association annual dues will not increase this year. As in 2003, dues will be $216 for the year. Bills will be sent to residents in February, and will be due in March.

The Master Association has completed its installation of a new billing system, and from now on bills will consistently be sent during the first quarter of each year.

Master Association dues are used to provide a variety of services and sponsored events for CPN residents.

Specifically, 30 percent of dues ($64.80) are allocated to the Master Association’s operating budget - - the CPN newsletter, community web site (www.cpnhoa.org), e-mail alerts, and community-wide social activities, including the annual CPN picnic, Octoberfest, and Easter Egg Hunt.

The remaining 70 percent ($151.20) of the dues are used for parks construction. A portion of the dues are combined with developer fees to create a ?capital fund? to build new parks in CPN.

More information about Master Association dues is located on the CPN website at
http://www.cpnhoa.org/pages/organizations/master/master.htm