October 2023 Newsletter
October 2023 Newsletter
Annual Meeting
The Annual Meeting of Lakeside Club Condominium Association Co-owners was held on Saturday, September 2, 2023 at the Lakeside Clubhouse. Meeting minutes and other documents can be viewed on the LSC website.
A suggestion was made at the annual meeting to distribute association information and monthly billing statements via email. Please ensure that Gretchen Cleary (bookkeeper) has your correct email address by visiting the LSC website (see above for access information). Remember to log in to the owners’ section, click on Owners, then select Owners List from the drop down. If changes need to be made, please email Gretchen Cleary at GCleary@dgncpa.com
Financial Information
Reminder: Monthly dues increase to $475/month beginning October 1, 2023.
Additional Assessments for Major Maintenance
- 2023-2024—the following items have been identified as major maintenance items needing attention within the next six months outside of the normal operating maintenance covered by dues:
- Replacement of the pool dehumidifier approximately $86,000
- Header Replacement to Building D approximately $50,000
- Leveling Support of Buildings D & E approximately $76,000
- Landscaping approximately $50,000
- The Board is levying an additional assessment of $3,600 per unit to cover these major maintenance items, payable in 12 monthly payments of $300 per month beginning October 1, 2023 and ending September 1, 2024. In lieu of monthly payments, a one-time discounted payment of $3,420 will be accepted if paid in full by October 31, 2023.
Additional Assessments for Cash Replenishment
- We have had five consecutive years where our expenses have exceeded our income.
- We have used our excess cash in order to pay day-to-day expenses and now we have no excess cash.
- The Board is levying an additional assessment of $1,020 per unit to cover these major maintenance items, payable in 3 monthly payments of $340 per month beginning October 1, 2023 and ending December 1, 2023. In lieu of monthly payments, a one-time discounted payment of $969 will be accepted if paid in full by October 31, 2023.
LAKESIDE CLUB CONDOMINIUM ASSOCIATION
TREASURERS REPORT FOR THE ONE MONTH AND TWO MONTHS ENDING AUGUST 31, 2023
|
August |
Year To Date |
Fiscal Year Budget | Over (Under) Budget | |
| Revenue | $35,026 | $69,602 | ||
| Expenses: | ||||
| Personnel Costs | 9,942 | 15,588 | 126,100 | (110,512) |
| Maintenance | 21,897 | 54,696 | 201,120 | (146,424) |
| Utilities | 5,754 | 11,441 | 72,400 | (60,959) |
| Interest | 838 | 1,137 | 3,200 | (2,063) |
| Professional Fees | 2,825 | 4,275 | 25,200 | (20,925) |
| Office & Miscellaneous | 214 | 656 | 5,000 | (4,344) |
| Total Expenses | $41,470 | $87,793 | $433,020 | ($345,227) |
| Income(Loss) | ($6,444) | ($18,191) | ||
| Current Year | Prior Year | |||
| Expenses as a Percentage of Budget | 20.3% | 24.3% | ||
| Operating Cash Balance | $38,682 | $39,565 | ||
| Amount Owed to Other Funds | $73,390 | $43,095 | ||
| Outstanding Line of Credit | $40,000 | 0 | ||
Rental Survey
Following a discussion about rental procedures at the annual meeting, it was suggested that all owners be given a chance to share thoughts, suggestions, and opinions regarding rentals at Lakeside Club. A survey was distributed to all owners via email and a paper copy is included with this mailing. Thank you to everyone who replied, and we encourage others to participate either by email or by completing and returning the paper copy.
Project/Grounds Update
- Header project Building D Units 13-22
- Project will be started mid to end of October
- See previous notes on project from spring 2023
- Support and leveling project Building D and E Units 13-32
- Install LVL’s along side existing beams in crawl spaces
- Replace failing shims on top of pillars
- Install 6 x 6 posts to reduce the span between beams
- Install LVL’s on side of existing beams
- Lift beams slightly to remove existing shims and replace with concrete shims where possible
- Install vertical blocking where needed
- Areas to be worked on are below the kitchens and bathrooms
- Not lifting and leveling
- Provide support to reduce and further damage
- Pool Dehumidifier
- Waiting on delivery of new dehumidifier system
- Start date to be determined
- Landscaping
- Building I and J Units 45-50 and 71-76
- Project start date October 2, 2023
- Pool and Hot tub
- Contacted Great Lakes Pool and Spa out of Traverse City
- Scheduled to come end of October
- Assess hot tub leak
- Assess hot tub jet leak
- Tennis courts
- Cracks were repaired
Winter Reminders
- Hoses must be removed from external faucets and faucets shut off.
- All planters, flowerpots should be removed from the stairs and sidewalks prior to November snowfall.
- Be sure to check all windows to ensure they are securely closed.
- Set thermostat for heating with a minimum temperature of 55 degrees when not occupied.
- Moorings should be removed from the lake or properly marked with a smaller winter buoy. We will be removing abandoned moorings in the spring so at that time, please make sure your unit number appears on your buoy.
- Watercraft and trailers must be properly stored for the winter.
- Please call the office with any questions regarding winterization.
John Lehman shares information from the LSC website and info about Local Events and Activities in October.
Web page of the month: petoskeylsc.com (password) LSC76Owners
Web page of the month: Loons of Round Lake (ROUND LAKE menu)
Lakeside club members are fortunate to have access to a lake that accommodates loons, which are often found only in wilderness areas. The Loons of Round Lake web page will tell you all about the Common Loon and how to avoid disturbing any nesting loons on Round Lake. The Loon Report on that page keeps you updated about the activities of the loons. You can participate also, by reporting significant loon observations to jwillehman@gmail.com.
Local Events and Activities in October
Notice that many of the following events are offered online, so they are available for members who are not currently at Lakeside Club. To copy the web address of an event easily, use the LSC website’s version of this Newsletter.
At 5 pm on October 1, attend the Crooked Tree Art Center’s family friendly Open House to celebrate their 50th Anniversary. (https://mailchi.mp/crookedtree.org/join-us-in-celebrating-our-roots-growing-our-future-350222)
At 7 pm on Wednesdays from October 4 through Nov 29, enjoy a free movie from the Petoskey Film Series in Petoskey’s Carnegie Building. (https://calendar.petoskeylibrary.org/Default/Detail/2023-09-13-1900-Petoskey-Film-Series)
Starting at 4 pm on October 4, take a walking tour of Castle Farms of Charlevoix, with optional wine and live music. (https://www.ncmclifelonglearning.com/event-5340281)
At 4 pm each Friday from October 5 to October 26, you can participate in one or more of the events offered in Camp Daggett’s Fall Adventure Series.
Oct 5: Wilderness Survival. (https://www.ncmclifelonglearning.com/event-5408419)
Oct 12: GPS and Geocaching. https://www.ncmclifelonglearning.com/event-5408419
Oct. 19: Basic Hiking. (https://www.ncmclifelonglearning.com/event-5408449)
Oct 26: Archery. (https://www.ncmclifelonglearning.com/event-5408485)
At 7 pm on October 5, Rick Mixter will present “Bottled Goodbyes” online, telling about famous messages found in bottles. (https://www.ncmclifelonglearning.com/event-5387144)
At 11 am on October 7, Three Pines Studio in Cross Village will present their annual “Great Lakes Glass Pumpkin Patch.” (https://www.threepinesstudio.com/events/14th-annual-great-lakes-glass-pumpkin-patch/)
At 3 pm on October 7, join the Rotary Club of Petoskey for their Fall Festival at Winter Sports Park, with activities for everyone. (https://petoskeyarea.com/events/rotary-club-of-petoskeys-fall-festival/)
At noon on October 7, go to Boyne Mountain for their 14th annual Skitoberfest party, with many Oktoberfest-style activities. (https://www.boynemountain.com/annual-events/skitoberfest)
At 7 pm on October 7, hear Holocaust Survivor Irene Miller speak at the Petoskey Carnegie Building. For more information scroll to the bottom of the page at (https://www.petoskeylibrary.org/en/whats-happening/resources/Documents/Spring-2023.pdf)
At 8 pm on October 7, hear Tony and Grammy award winner John Lloyd Young sing classics from Broadway at the Great Lakes Center for the Arts. (https://www.greatlakescfa.org/events/detail/john-lloyd-young)
At 3 pm on October 8, participate in “A Conversation with Christo Brand,” a former jailer who guarded Nelson Mandela, at the Great Lakes Center for the Arts. (https://www.greatlakescfa.org/events/detail/christo-brand)
At 1 pm on October 10, join Jeff Samyn’s online presentation about “Fall Prevention Strategies for the Winter.” (https://www.ncmclifelonglearning.com/event-5366697)
Starting at 1 pm on October 10, enjoy a festive October afternoon at Pond Hill Farm. (https://www.ncmclifelonglearning.com/event-5387312)
At 10 am on October 11, take a “Haunted Petoskey Ghost Walk” with Chris Struble. (https://www.ncmclifelonglearning.com/event-5370211)
Beginning at 4 pm on October 12, learn how to use a GPS for geocaching, which involves navigating to a set of GPS coordinates to locate geocached “treasures.” (https://www.ncmclifelonglearning.com/event-5408437)
At 7 pm on October 12, hear Austin Wilson’s advice online in “Investing 102: Stocks vs Bonds.” (https://www.ncmclifelonglearning.com/event-5340209)
At 11:30 am on October 13, Thomas Mann will speak about the infrastructure for charging electric vehicles during an NCMC Luncheon Lecture. (https://www.ncmclifelonglearning.com/event-5392137)
At 7:30 pm on October 13, enjoy the music of Reperio, featuring the woodwind faculty of the Interlochen Center for the Arts. (https://www.eventbrite.com/e/reperio-tickets-708963026497?aff=odcleoeventsincollection)
At 11:30 am on October 20 Al Welsheimer will speak about hazard mitigation for electric vehicle emergencies during an NCMC Luncheon Lecture. (https://www.ncmclifelonglearning.com/event-5392141)
At 11:30 am on November 3, Laura Ulrich will talk about the role of Habitat for Humanity in addressing the affordable housing crisis during an NCMC Luncheon Lecture. (https://www.ncmclifelonglearning.com/event-5392145)
At 7:30 pm on October 20, hear American jazz singer and songwriter Madeleine Peyroux perform at the Great Lakes Center for the Arts. (https://www.greatlakescfa.org/events/detail/madeleine-peyroux)
From October 21 through May 11, 2024, The Harbor Springs Lyric Theatre will screen nine Live in HD operas from the Met, beginning with “Dead Man Walking” at 12:55 pm on Oct. 21 and ending with “Madame Butterfly” in May. (https://www.lyricharborsprings.org/met-opera-live/)
Beginning at 5:30 pm on October 27 and 28, Stafford’s Bay View Inn will present their four-course interactive Murder Mystery Dinner. (https://petoskeyarea.com/events/murder-mystery-dinner-at-bay-view-inn/)
All day October 28 beginning at 10 am, enjoy some Halloween fun in downtown Petoskey, including a downtown parade and a Jack O’ Lantern walk. (https://petoskeyarea.com/events/halloween-fun-downtown-petoskey/
Thank you to Shelly Germain, Greg Waller, Kevin Kissinger, and John Lehman for their contributions to this newsletter.
Carol Woodhurst