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  • #11585
    Ken & Tammy Noeske
    Participant

    We have been paying the Marina assessment now for many years. Any word on when the Stills will be selling the Marina? What happens to the money if they never sell it? How much money is in the fund now? I would think more people are interested in this and what is going to happen.

    Is the additional $200 for legal fees the end or is this going to continue?

    When did dues go up to $350? When did the discount stop for paying early?

    Thank you.

    #11590
    Randy Panek
    Keymaster

    Ken & Tammy,

    Thank you for your questions. Dues have not increased in more than 20 year. The Board of Directors removed the $50 discount nearly 10 year ago. the Legal Assessment was approved by the membership on March 6th, 2021 through a mailed out ballot and online voting for a one-year extension. The voting procedure and accounting of all votes cast was handled by our accounting firm, Fieldstone Management. The results were as follows;

    1,400 possible votes to be cast
    1,098 actual votes cast, 78.43%
    913 “Yes” votes, 84%
    185 “No” votes, 16%

    The actual votes cast in this ballot measure were the most in Association history.

    The Association is hopeful that discussions will start soon with the Stills Family Trust regarding long-range plans for the Marina. The Association has collected nearly $800,000 which is held in money market accounts for this project. If you have further questions I would encourage you to attend the next Board of Directors meeting (Virtual due to COVID) on May 2nd, starting at 9:00 a.m.

    Randy Panek, President TRLA

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