LVPOA Newsletter

President’s Message

Overview: As mentioned in the Spring 2007 Newsletter the population of Lago Vista and surrounding areas continues to expand, so also are the challenges facing the LVPOA.

With an ever-increasing number of housing developments coming to our community, some of these developments have already been annexed into Lago Vista’s city limits. Others are likely to follow in the future. I’d like to reassure our entire membership, any new development that is annexed into city limits does not, in itself, entitle these new residents to use parks or facilities owned by the LVPOA.

In order to address some of these complex issues your Board of Directors have now completed and approved a new set of LVPOA Bylaws outlining membership levels and entitlements including: (a) Association Property Owner, (b) Tenant Member, (c) Associate Member, (d) Social Club Member, and, (e) Guest.

In addition to new Bylaws, the Board of Directors have also defined and put in place a new set of LVPOA Policies. These include (i) Membership Buy-In, whereby any new development wishing to be considered for membership into the Association would be required to satisfy a set of Terms & Conditions including a “Buy-In Fee” which has initially been established at $2000.00 per lot/unit. (Note: payment of a “Membership Buy-in Fee” will not automatically entitle a development to join the LVPOA. Each case will be individually evaluated by the Board of Directors before a decision is made whether or not to allow the development in to the Association), (ii) A Social Club Membership, whereby an individual or a couple who are not members of the Association, but are regular members of a registered club which uses Association facilities (not including the Fitness Center or any Parks) would be required to pay an annual fee to the LVPOA of $15.00 per single or $25.00 per couple living in the same household, (iii) Associate Member, it has been decided this level of membership will not be offered after October 31^st. 2007, however the Association will honor existing Associate Memberships until such time as the current owners sell or leave their property, these rights will not be transferable, and (iv) Guest policy.

To read complete Bylaws Click here..

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Notice of Annual Meeting

Notice is hereby given that the Annual Meeting of the Lago Vista Property Owners’ Association will be held on Saturday November 3, 2007 at 10:00 am. The meeting will be held in the K-Oaks Clubhouse at 7000 Bar-K Ranch Road in Lago Vista, TX.
The purpose of the meeting is to elect two members to the Lago Vista Property Owners’ Association Board of Directors and the transaction of such business that may come before the members.

This NOTICE as published in this Newsletter and distributed to all property owners members is intended to satisfy the requirements of Article VI, Section 4 of the Bylaws of the Lago Vista Property Owners’ Association relating to the “Notice of Meetings for Voting by Members.”

Illustrated by our own Gregg Evans.

Click on Sammy and Decker to download our first coloring book. It will become a collectors item.

Check out this years financials by clicking on the image below: