Lake Shores Association Members…
Over the past few years there have been three “Dues Increase Proposals” presented to the membership with all three failing by slim margins. In each vote a majority favored the increase. But, the bylaws require that a proposal must pass by a 2/3 majority and all three of the past proposals missed that mark by just a few votes.
Since the Association’s revenue has remained unchanged since 2001, the Board of Directors made the difficult but necessary decision to eliminate and minimize certain expenditures for this year. The elimination of fish planting and yard waste dumpsters, a reduction in portable toilets (not all parks have them), reduced boat ramp security, and a less than desirable lake weed control were needed to produce a “Balanced Budget”.
The Aqua Advisory Group, chaired by Dr. Dave Kamps, has advised the Board of Directors that a whole lake Eurasian Watermilfoil treatment will most likely be required in 2020. The projected cost for that treatment exceeds $50,000. The Association does not have adequate funds to cover that cost. If left untreated, the lake would become unusable for recreational boating activities.
In order to restore the services reduced or eliminated and to provide adequate funding for future needs, the Board of Directors after much thought, discussion, and analysis passed a resolution to proceed with a vote for a $50 per member increase per year, effective April 2019.
The ballots for this proposal will be mailed on or around October 1 with a return date of 30 days later. An all member information meeting is being planned as well as additional published information. Please watch for these announcements.
Our bylaws and covenants and restrictions require that 60% of our members (about 296) vote and that a resolution must pass by a 2/3 majority. Whether you vote for or against this proposal it is essential that each member vote in order to achieve the required quorum.
David Malmo, President LSA