Lake Renovation Infomation
The lake retaining wall is in disrepair and we need to address the issue before it gets any worse. The longer we wait to fix the issue the more costly it becomes. We have received a quote from New Era Construction for the repairs. You can view the quote here. The repairs will cost a total of $48,024.
The board is seeking a loan to cover the cost of the repairs so that we can move forward with the repairs in a timely manner. However, the board would like to quickly pay off the loan with a special assessment divided equally between all households. The special assessment will be up to $300 per household split into two payments to cover the cost of the loan and any fees and interest on the loan.
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