The LSA Board of Directors is appreciative of the 328 Members who voted and expressed their opinion on our recent dues proposal. This time we not only met the required 30% quorum, but surpassed the original 60% requirement.
In addition to the quorum restriction, our Covenants & Restrictions state we must have the assent (yes vote) of two-thirds (2/3) of all voting Members. We received 207 yes votes and 121 no votes, missing passage by 12 votes. These numbers indicate that 68.5% of the Members voted, and 63% of those voted in favor of an increase, yet the numbers still do not satisfy the strict requirements.
While recognizing the significant differences in owners within the Association – lakefront owners and non-lake front owners, permanent residents and seasonal owners, and owners of single lots and multiple lots, we face a continual battle of moving forward on passage of maintenance dues increases, Bylaw revisions, etc. The current Board of Directors is committed to continuing to work with Members on ways to overcome these obstacles. Many advisory committees have been formed to encourage Member participation and input. The Board continues to improve the Association website and increase communication and available documentation for Members. Please feel free to contact a Board member at any time with concerns.
The Board will continue to evaluate our current financial situation and make budget cuts as we face the expense of a whole lake Eurasian Watermilfoil treatment at a cost of $50,000. Spot treatments over the last several years have controlled the Milfoil, but a whole lake treatment will likely again be needed in 2019, the last being done in 2011. Milfoil is an aggressive, invasive species that must be controlled to maintain the quality of Indian Lake. More information is available on our website.
While Members use the lake to varying degrees, it is still our greatest asset, providing recreation and increasing the property value of all real property within the Association. Weed control continues to be our largest expense, but one that must be given priority. It is unfortunate we were unable to increase dues to support all of the Association’s expenses, but the Board will continue to evaluate ways to meet the same.
Thank you again for your participation.
Board of Directors
Lakes Shores Association