Assessment & Fees
A transfer fee of $250.00 is due when membership privileges transfer from one household to another in the sale of a property. (Tenant transfer fee is $75.00.)
Replacement of lost card/Addition to family membership card fee $10.00.
Waterfront property owners will be charged an additional assessment over and above the General Assessment. The lakefront assessment is levied on the basis of a dollar amount per foot per year.
Special assessments may be levied to cover uninsured costs necessary to reconstruct, repair or replace damaged property, to add to Lake Association Properties, to conform to requirements of governmental authorities, to provide necessary facilities or to repay a loan made to the Lake Association to enable it to offer necessary services. The amount of any such special assessment will be the same for all members. However, special assessments, if they are required, cannot exceed five percent (5%) of the budgeted gross expenditures for the year without consent of the delegates representing a majority of the members.
The Lake Association Board of directors has the authority to take legal action to collect unpaid assessments. If a member fails to pay assessments, the Board has the right to suspend rights to use the Association facilities, voting rights and further to file suit to collect unpaid assessments.
Semi -Annual Assessment January1 and July 1 2023 | $ 156 |
New Membership Fee (for Lake Eligible Homes first joining the Lake) | $ 100 |
Property Transfer Fee (of a member property in escrow) | $ 250 |
Tenant Transfer Fee | $ 75 |
Late Fee (30 Days Late) | $ 7.80 |
Replacement Card Fee | $ 10 |
Additional Member Card Fee | $ 10 |
Guest Fees (Seniors 1/2 price, Children under 8 free) | $ 5 |
Concert Guest Pass (max of 4 guests per membership household) | $ 15 |
Fishing Pass Fee | $ 14 |
Day | Date | Events |
---|---|---|
Tuesday | Oct 10th 2023 | LMVA Board of Directors Meeting |
Saturday | Oct 14th 2023 | Lake Eerie |
Tuesday | Oct 24th 2023 | LMVA Board Elections |
Tuesday | Nov 14th 2023 | LMVA Board of Directors Meeting |
Saturday | Dec 2nd 2023 | Holiday Event & Annual Boat Parade |
Tuesday | Dec 12th 2023 | LMVA Board of Directors Meeting |