In 2004 our governance structure had not changed in over 70 years:
- the Lakeshore Company, a for profit C-corporation, had its roots in the original property development firm. It owned and managed the undeveloped lots, the water system, the dam.
- MKLA, a not-for-profit homeowners’ association, owned the Clubhouse and managed most Community facilities, including the roads (owned by Lakeshore),
- MKL Country Club, a not-for-profit social club, owned the liquor license and ran parties
With three separate boards, financial accounts, committee activities and work efforts, this structure was known to be incomprehensible to most Members, inefficient and to make poor use of our precious volunteer resources. A study was launched to consider a significant reorganization to consolidate these corporations. Although the solution envisioned by this committee proved legally and financially unwieldy, their work formed the basis for subsequent streamlining.