As we began developing the upcoming summer projects list, we reviewed the Association’s Reserve Studies from 2017 and 2023 to better understand which major repairs and replacements had been completed and which were coming due. That review quickly revealed a larger issue.
Many items identified in prior years had been deferred, temporarily repaired, or replaced with equipment already near the end of its useful life. What initially appeared to be isolated maintenance needs was, in reality, a growing backlog without a long-term strategy to fully address it.
It also became clear that the long-standing approach of minimizing quarterly assessment increases limited the Association’s ability to keep pace with aging infrastructure and adequately fund reserves.
In response, the community approved a Special Assessment to move forward with a comprehensive plan to address these needs. The projects will be carried out over a three-year period, with the majority of work taking place in Years 1 and 2, and the lake liner project scheduled for Year 3.
Together, these efforts represent a more structured and proactive approach to addressing deferred maintenance. The goal is to improve infrastructure reliability, protect public safety, and strengthen the Association’s long-term financial stability and property values.