��Fee = 1 year total
dues (Lakeshore + Assn)
��Structured as a
SUPPLEMENT to ASSN DUES
��Payable over first 4 Assn bills of new
resident
��Currently $3,100 total, +$775/payment
��Separates fee from property transaction
��Fee set at time
membership begins (no fee increase
if dues increase during payments)
��Move from MKL before 4 bills -> no more
due
Rationale:
��Very common revenue source for Homeowner
Assns.
��Membership fee
concept is supported by majority of MKL
residents
��New source of revenue for MKL
��New member buys into built-out community
(which needs upkeep)
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