Linda,   RE: Spring Meadows II By-Laws Article V Section 5.10 Collection of Assessments (Page 13)    The Executive Board has approved the following changes effective with monthly payments due on or after November 1, 2010: the late charge for monthly association fees is changed from 5% to $30.00; interest remains at 15%.   Please instruct Linda Leeper to collect current late charges and interest immediately, and to collect according to the new rates starting with payments due on or after November 1, 2010.   Thank you for your assistance.   Peace   Phil   bcc: 14 non-board unit owners