Sept 2, 2016
Dear Members of the LPPOA:
Over the past 12 months 25 dedicated member volunteers, have been investigating the possibility of implementing an easement assessment on all 2100 homes within the original purchase tract of the lake.
In addition to the volunteers we have, with membership approval, secured the services of Eileen Borne of Dolan and Dolan Attorneys to investigate the costs, steps and stages that would be needed in the process. Ms. Borne is the attorney that was involved in all of the transitions for the lakes in our area, so she brings a great deal of successful experience to the table.
The Board has projected that the possibility exists that we may be unable to support the lake from our operating budget within the next 6-10 years. Sadly, our neighbor Glacier Hills Pool is experiencing similar circumstances. This projection was confirmed as part of the membership volunteer’s investigation.
Over the years, the LPPOA Board has been learning from its participation in COLA (Coalition of Lake Associations) and by observing the efforts of other lakes in the area. Many have begun or are transitioning to a mandatory payment structure. Most recently transitioned are Lake Arrowhead and Intervale.
Many members have asked why the LPPOA doesn’t have a mandatory membership. The basic premise is that in order to reap the benefit you need to help with the burden. The concept is often referred to as “Fair Share” or “Easement Assessment”.
Basically how it would work is that every property within the original purchase tract of Lake Parsippany would be required to pay an annual assessment fee. This fee would cover lake property maintenance and would include structured lake usage privileges. In addition to the assessment fee, a membership option would be available at an additional cost that would allow you full access to all lake activities as a full membership does today. The combined fee (easement assessment and full membership fee) is projected to be less then what you are currently paying. These specific maintenance and usage privilege will be included in an information package that will be available soon.
Please go to the lake website lake-parsippany.org to read all the information to date on the ongoing investigation.
A Special meeting will be held on October 19th for all eligible property owner members living within the original purchase tract of Lake Parsippany (Districts 1-4) to vote on this important issue. More information will be coming soon.
The Board and the membership volunteers feel that the move towards this new membership format will ensure the lake stays a beautiful place for everyone to enjoy for years to come.
Vice President LPPOA Board of Directors
Lake Parsippany Property Owners Association
P.O. Box 62
Parsippany, NJ 07054