Assessment & Fees

 

TRANSFER FEE

A transfer fee of $200.00 is due when membership privileges transfer from one household to another in the sale of a property. (Tenant transfer fee is $50.00.)

 

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.

 

COMMENCEMENT OF ASSESSMENTS FOR NEW MEMBERSHIP PROPERTIES

Monthly Lake Association dues will begin as of the first of the month following the month in which they join. Association dues will be billed semi-annually, January Ist and July Ist.

 

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.

FEE SUMMARY

Semi -Annual Assessment $ 124
New Membership Fee (for Voluntary homes first joining the Lake) $ 50
Property Transfer Fee (of a member property in escrow) $ 200
Tenant Transfer Fee $ 50
Document Fee (CC&R's) $ 100
Document Fee (Minutes) $ 75
Late Fee (30 Days Late) $ 5
Replacement Card Fee $ 10
Additional Card Fee $ 10
Guest Fees (Seniors 1/2 price, Children under 8 free) $ 3
Concert Guest Pass (max of 4 guests per membership household) $ 15
Fishing Pass Fee $ 12
Class Registration $ 5
 

Complete and current Rules and Regulations - 541k - Revised June 2014
LMVA Fee Schedule- 55k - Revised April 2017


Day Date Events
Saturday 18th Nov 2017 40th LMV Trout Opener
Wednesday 29th Nov 2017 Fishing Club Meeting
Saturday 2nd Dec 2017 Santa’s Arrival & Snow Day
Sunday 3rd Dec 2017 Fishing Club Tournament
Tuesday 12th Dec 2017 Board of Directors Meeting
Friday 29th Dec 2017 Kids Fishing Derby

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