September 27, 2018
In a few days you will be receiving an envelope from the Lake Shores Association containing a ballot for a proposed $50 increase of our annual dues. If passed, each Member’s annual dues will increase from $150 per year to $200, effective with the 2019 maintenance fee due on April 1, 2019.
The Association has not had a dues increase for 17 years and additional monies are essential for continued maintenance of our lake, parks, buildings and other amenities.
Approximately every 5 years our lake requires a whole lake treatment to control the invasive Eurasian Watermilfoil (EWM). In the years between whole lake treatments, the Eurasian Watermilfoil is spot treated as needed. The cost for a whole lake treatment is estimated to be $50,000 and Professional Lake Management (PLM) is projecting that our next whole lake treatment will need to take place in 2020. Unfortunately, with our current revenues, the Association has not been able to establish an adequate reserve fund for this whole lake treatment. From past individual voluntary donations our weed control reserve fund has some monies, but not enough.
The Board is seeking your approval for a $50 dues increase. The passage of this increase will restore Member benefits which out of necessity have been cut or reduced in the Association budget, such as fish planting, yard waste dumpsters, portable toilet availability and boat ramp security, along with improved weed control. Passage will also enable the Association to set aside monies for future weed treatments and restore treatment of recreational passageways for native weed species. Over time there will be additional monies for park maintenance and improvements, stump and bog removal, and other Association expenses and improvements.
Close to 300 Members need to vote to meet our quorum for this proposal, with a 2/3 majority needed for passage.
On behalf of the Board of Directors and the entire LSA Membership, I encourage you to complete and return your ballot immediately upon receipt.
David Malmo, LSA President