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

LMVA Fee and Fine Schedule - Rev Sept 2022