January 11, 2025
To All Homeowners
Subject: Legal Name Change
Dear Homeowner,
This letter is to inform you of an important update regarding the Montecito Terrace Homeowners
Association (HOA). Our custodian bank requires our business name to match our Articles of
Incorporation from the Secretary of State, which is officially Montecito Terrace Condominium
Owners Association (COA).
Unfortunately, we lack legal documentation proving Montecito Terrace Homeowners
Association and Montecito Terrace Condominium Owners Association are the same entity. To
ensure smooth financial operations and avoid unnecessary administrative costs, we are moving
forward with a legal name change to Montecito Terrace COA.
Impact on You: Updated Payment Information
Effective immediately, please make all HOA dues payments to our new legal name and payee
address:
MONTECITO TERRACE COA
228 W Garvey Avenue
Monterey Park, CA 91754-1603
Account Number: xxxxxxxxxx
For your convenience and to facilitate direct deposit, please send your payments to the
custodian’s bank address (listed above). This eliminates the need for manual deposits and
ensures prompt processing.
We understand this change may require an adjustment on your end. However, this step is crucial
for the HOA's financial stability and ensures accurate identification for legal purposes.
If you have any questions or concerns, please don't hesitate to contact us at
hoa@montecitoterrace.org.
Sincerely,
Andy Chiu
President, Montecito Terrace COA
For over 40 years, the Montecito Terrace HOA has empowered residents and strengthened our neighborhoods through resident-led initiatives like community landscaping, neighborhood cleanups, and advocacy for improved the quality of life for nine homeowners. Our focus on collaboration and community engagement has fostered a strong sense of belonging, making our neighborhoods vibrant and resilient. As we look towards the future, we are committed to embracing innovative solutions and addressing the evolving needs of our community to ensure a thriving and sustainable future for all.
hoa@montecitoterrace.org