SUMMARY MINUTES OF
NOVEMBER 3, 2010
The meeting
was held at the Mt. Kemble Lake Clubhouse with a
recording of thirty-nine households attending.�
Chris Allyn, representing the Sub-Finance
Committee, presented the five suggested options that might work to constitute a
plan for financing capital improvements each decade going forward.� These options were discussed from all different
perspectives and then a non-binding vote was taken.� The consensus was that some action needs to
be taken.� The action could be as
considered below or a combination (hybrid).�
These results will be presented to the Finance Committee and the
Lakeshore board for benefit of further discussion and proposals.�
1. Dues Increase for Capital Improvements
26 Yes ����� ��������� 7 No
Comment:�
It was discussed that this might be handled on a percentage basis per
property value, i.e., the same basis as local property taxes instead of a flat
fee.�
2. Land
5 Yes ������� ��������� 29 No
3. Reduce Lakeshore Property Taxes through Easement and Redirect Those Dues
to Capital Improvements.� �By feedback at the meeting, two
versions of the proposed approach were voted on�:
A.����� That some
number of lots (TBD) be put in easement to reduce property taxes,
��������� making that amount available to fund future capital
improvement needs.� The
��������� remaining lots to be considered for sale at a later date for
emergency reasons
��������� only.�
33 Yes ����� ��������� 3 No
B.����� That all
properties be put into easement to eliminate the entire property tax
��������� bill.�
18 Yes ��������������� 16 No
4. Transfer Fee on Property
A. ���� A Percentage of
the
18 Yes ����� ��������� 15 No
B.����� A Fixed Fee on
the
9 Yes ������� ��������� 21 No
5. Do Not Pre-Fund Any Capital Improvements
0 Yes ������� ��������� 39 No