Assessment & Fees

TRANSFER FEE

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.)

 

ID CARD REPLACEMENT FEE

Replacement of lost card/Addition to family membership card fee $10.00.

 

LAKEFRONT ASSESSMENTS

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

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.

 

FAILURE TO PAY ASSESSMENTS

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.

Collections Policy 

FEE SUMMARY

Semi -Annual Assessment $ 150
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) $ 7.50
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
   

 

LMVA Fee and Fine Schedule - Rev Sept 2022


Day Date Events
Wednesday Oct 5th 2022 LMVA Special Board of Directors Meeting
Wednesday Oct 12th 2022 LMVA Board of Directors Meeting
Saturday Oct 15th 2022 LAKE EERIE
Wednesday Oct 26th 2022 LMVA Annual Board of Directors Election and Meeting of the Delegates
Wednesday Nov 9th 2022 LMVA Board of Directors Meeting
Saturday Dec 3rd 2022 Snow Day with Santa and the Boat Parade.

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