Events – Lighted Halloween bike ride – I unfortunately could not make this event but heard it was a lot of fun! I was able to make the Boots and Buckles event and it was a lot of fun. Big thanks to the activities committee for putting that together and navigating the first-time event details. The events in the Lakes are a huge part of this community and coming together, so thank you to all members of the activities committee in working together to bring such a variety of events we can all enjoy.
The budget and finance committee held their annual budget workshop meeting last week on Tuesday, November 12th. There were many homeowners and board members present to join the committee in review of the 2025 budget. It was a great meeting with a lot of open discussion. We have several RFAs tonight to discuss the committee’s recommendations.
Latest update on providing power back to the pumps is that approval from the City was received by the pump contractor after several discussions and providing additional information. The final plan is being developed for exact staging and information, however, they plan to start installation of the electrical conduit and restoration of power cable after Thanksgiving.
A walk through for the final City inspection and review of the pump vault and structural bridge repairs is scheduled for tomorrow with Christine.
I believe Christine brought this up last meeting, however, the exterior lighting at the new Lakehouse restaurant is causing concern. This issue is being reviewed by the architectural committee and will coordinate with the owner to hopefully resolve.
Lastly, I wanted to address the ongoing concern about a potential special assessment amongst the community. I want to reassure the community that we, as a board and as a cohesive group are not pursuing a special assessment to raise the LCA HOA dues. I understand that this issue has been brought up several times as a possibility if absolutely necessary, however, working with the guidance of the budget and finance committee, the group has determined and recommended no special assessment at this time.
At the November Board meeting, the Lakes Community Association Board of Directors approved the upcoming 2025 Budget.
Based upon the recommendations given by the Budget and Finance Committee, the Board voted to increase assessments for 2025 by 5%, which will increase quarterly assessments from $368 to $386.
As a reminder, there is no regular board meeting in December, so the next meeting will be in January. I hope everyone is ready to light up the Lakes with festive decorations!
Thank you all! Happy Holidays!
Mike Sotak, President