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President’s Message by WHAT IS SO SPECIAL ABOUT LSM? The Community Association held a contest regarding why some people moved into our area and what it is that makes us special. We had quite a few good responses and one of the best responses and the winner of the contest was written by Eleanor Farrow who has lived at the Other comments we received include one from someone "that ended up here by accident, being lost, staying at the Quail’s Others moved here because of wanting "to play golf nearby, driving golf carts on quiet streets, loving to fish and wanting to put a boat on the lake", and almost everyone mentioned "how quiet and slow paced WHY DO WE HAVE RECREATIONAL LEASES? Many years ago, in the early 1960’s, However, time changes everything. Since the In 2004, Citizen’s Development Corp (CDC) was purchased by La Jolla Development Group for many millions of dollars. They had/ have goals of updating the Resort and even rebuilding parts of it that are antiquated and outdated. This would be good for the residents and make our little community an even more desirable place to live. CDC has to be profitable or their businesses will close! What would that mean for the residents of Many discussions started in 2004 about changing, updating, and improving this Hodge Podge collection of 20 year leases that few people understood and that had few protections for either party. HOA leases started expiring. Homeowner Association Presidents decided to band together to get a new, fair, and equitable lease agreement that everyone could live with and would take us into the 21st century. In June 2007, with the help of Lake San Marcos Community Association, several HOA President’s drafted an agreement and banded together to negotiate with CDC. The resulting leases, now being offered to the HOA’s, are fair, reasonable, and important to the future of our community. They have cancellation clauses in them which say the lease can be cancelled if either party doesn’t live up to the terms and conditions of them and if the facilities are not maintained! They have a 4% yearly cap on them, and clearly define the rights and responsibilities of both parties. This is a much better lease than we’ve had in the past and one that protects us for the next 20 or 30 years. Homeowners pay an average of $400 a year, some more some less, (that’s about $33 a month) under the terms of the leases. This is kept low because of the sheer numbers of homeowners (over 2200 homes). Payments are allowed to go up a maximum of 4% a year. Even increasing by the maximum amount and compounding yearly that means an average monthly fee at the end of ten years is about $49/month- A bargain by anyone’s standard in today’s market! However, there are some in our Community that do not think the recreational facilities are important to LSMCA is now negotiating with CDC to bring the INDIVIDUAL LEASES into line with the new HOA leases regarding terms and conditions. Although not yet implemented, CDC has agreed to do this. CDC does not have to account for how they use the lease money as long as the terms and conditions of the contract and maintenance are upheld. They are also allowed to make a profit on their investment for their investors. Whether we agree with this or not, it is a fact of life by the way it was originally set up. We must deal with what it is! What do we get for this fee? We get the non exclusive rights to use the lake for boating and fishing, use of the Pavilion and other recreational rooms and picnic area, the 2 swimming pools, tennis courts, paddle tennis courts, and billiards room. In addition the money pays for insurance and maintenance of the common interest areas at the entrances, the insurance and maintenance of the lake (which alone is a huge amount!), the private road of By having a meeting place at the Pavilion, over 25 Organized Clubs and Activities, as well as over 2200 Homeowners and other Associations have a place to get together and develop friendships and learn about their community and discuss what is important. If we didn’t have the Pavilion or Recreational Facilities, many of the clubs would be forced to disband, which could significantly impact our Community. Having common interests invites like minded people to live in our area. This is the heart of what Yes, the argument can be made that La Jolla Development Group is not real customer friendly and uses the lease money for their other businesses, but do we put the future of our community in the hands of LJDG or do we save it in spite of what they do? Have you ever heard the saying "cutting off your nose to spite your face?" Our actions are the most important-- not what LJDG does! Therefore it is our opinion that the future of I LEAVE THE COMMUNITY ASSOCIATION I wish to express my gratitude and thanks for the wonderful support I have received this past 6 years and for the many friends I have made, and especially for all I have learned about our unique community and it’s history. I leave the Community Association in great hands, with a board who will continue to support you and continue to work on preserving what we have here. |