LCA President's Report

This month the Board worked with the Budget and Finance Committee and our Community Manager on the 2018 Budget and our Landscape and Signage Committee continued their efforts related to our main entryway. Our goal with the budget is to maintain the community and amenities that we have grown accustomed to in the Lakes and continue our strong reserve position while working diligently to keep expenses as low as possible. As we reviewed the numbers, it became apparent that an assessment increase of approximately 2% to $305 per quarter would be necessary. This decision was not taken lightly and we understand the impact it has on homeowners.

The Landscape and Signage Committee continued to work with the design consultant to develop an initial plan. The Committee hopes to have that done in January so that they can have a community forum to get input from residents.

We received Board applications from 3 residents for the Board positions that will be open next year. We appreciate all of the applicants' interest in serving the community. I encourage all homeowners to attend Meet the Candidate night in January to find out more about our applicants.

I hope that everyone has a wonderful Holiday Season and enjoys the festive atmosphere of the Lakes community.


LCA President's Report

Mark Reddie

December 2017