.png)
Important: Lake Hills Association Dues Increase Proposal - Your Support Needed
We are writing to inform you about an important proposal regarding the future of our community. After more than 20 years without an adjustment, the LHA Board of Governors is proposing a necessary increase in annual dues to ensure the continued health and stability of our association.
Why is this necessary?
Since 2021, our association insurance costs have increased by 190%, and lake water treatment costs have risen by 91%. These two expenses alone now account for nearly half of our annual budget.
Our current financial reserves, essential for emergencies and long-term maintenance, are at risk of depletion within the next eight years.
Engineers who inspect our dam have recommended critical maintenance and upgrades that will cost several hundred thousand dollars.
The Proposal:
Increase annual dues to $575 (from the current $400).
Allow the Board the flexibility to adjust dues annually by an amount up to, but not exceeding, the Consumer Price Index (CPI), with a 5% cap.
Your support is essential to preserving the quality and value of our shared resources and community. Without this increase, we risk jeopardizing the long-term health of our lake and the overall value of our properties.
Next Steps - Meeting & Voting Details:
In the coming weeks, district board members will follow up with residents to discuss the proposal in greater detail and gather votes.
This proposal will be presented at the annual meeting, and a special meeting to vote in person will be held in February.
Please read the proposal below and consider voting through proxy in advance of the special meeting by printing out the "proxy vote" form and submitting it as instructed in the document.
If you are in support of this initiative, please sign your name on the form next to “I accept the proposal.”
Thank you for your attention to this matter and for your ongoing commitment to our community. Together, we can ensure a sustainable and thriving future for the Lake Hills Association.
Comentários