I know it’s still winter but the 2019 season is approaching fast. The Shareholder Forum is scheduled for this coming Monday, January 21st. The forum is an opportunity for Shareholders to get updates on current projects and hear about our plans for 2019. More importantly, it is an opportunity for the Board of Directors to hear from you. The meeting will be held at the Lakewood Center for the Arts at 385 S State Street. We will start promptly at seven. Please try to arrive a few minutes early for check in. I hope to see you there.
Of course, when making plans for the upcoming year, we need to look at our annual budget. One line item that has been growing quickly year over year is the amount the LOC pays in credit card fees. This form of payment has grown in popularity for reasons of convenience and rewards offered by many card issuers. The fees charged to the LOC by the card issuers have now become a significant expense for the LOC. The options for offsetting those fees are to either increase assessments or collect them from those making use of the service. The Board decided that the fairest way to proceed would be to pass the fees along to those using the service. Therefore, the board has voted to implement a fee for credit card payments of assessments. We are currently working to determining the proper percentage, but it will be around 2.6% which will be clearly detailed on the website when you go in to make your payment. To give members another option in paying their 2019 Assessments, we are setting up ACH capability (electronic funds transfer), which is typically a much lower cost per transaction. Visa and Mastercard debit cards will not be assessed a fee.
We are keeping an eye on long term forecasts. After a very dry summer and fall, our winter precipitation has been well below normal. Extremely dry conditions can lead to low river and ground water levels, which in turn can make managing lake levels and algae blooms more difficult. It’s a little early to worry too much though. Sometimes we can have cool damp springs that can replace some of the mountain snow we missed in the winter. The best scenario for us would be frequent enough precipitation to charge the ground water in the Tualatin watershed.
It has come to our attention that some homeowners are still using lights on their dock or seawall which are directed out toward the lake. These types of lights are not allowed. If you have them, please do not use them. If you have questions about what is allowed, please contact me. I hope to see you Monday!