October 2024 Newsletter

October 2024 Newsletter

Annual Meeting  The Annual Meeting of Lakeside Club Condominium Association Co-owners was held on Saturday, August 31, 2024 at the Lakeside Clubhouse.  Meeting minutes and other documents can be viewed on the LSC website.

 Financial Information

Reminder: Monthly dues increase to $645/month beginning October 1, 2024. 

Note:  Breakdown of monthly dues increase of $170/month:

• Dues for July, August and September at $475 (FYE June 30, 2024)
• Increase in general expenses excluding insurance $19 per unit per month (Based on various factors including 3%, 3 year averages, contract increases, etc.)
• Increase of insurance $103,400 (over 9 months) is $151 per unit per month
  • Information was provided in the July 1, 2024 newsletter regarding this insurance cost increase for all owners
  • Insurance cost 2023-2024 = $42,000
    • Pioneer State Mutual Insurance Company gave us 30 days’ notice that they would not renew our policy when it expired on 6/6/24 because they are no longer writing habitational insurance (HOA, Apartments, etc.).
  • Insurance cost 2024-2025 = $145,400
  • We are continuing to work to find comparable insurance at a reduced cost to cover our Association
  • In September 2024 we revisited our insurance agent’s claim in August 2024 which gave us an estimate of an insurance policy without short term rentals to be $80,000-$100,000. We were told by our agent that this time that Philadelphia did not have a line item for short term rental costs in our policy and that there may be a nominal cost not identified.  Our non-renewal with Pioneer was not related to short term rentals.
  • Article II, Section 2 (a) of Lakeside Club By-laws states that the Board of Directors establish a budget for the fiscal year. Furthermore, if the Board of Directors at any time determines, in its sole discretion that assessments levied are or may prove to be insufficient to pay the costs of operation, management, insurance, maintenance, repair and replacement of the Condominium the Board of Directors shall have the authority to increase the general assessment.

 Additional Assessments for Major Maintenance

• 2024-2025 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 two roofs (Building O—units 65-70 and Building M—units 55-58)
• Main entrance sign replacement
• Header and deck post replacement to Building G (units 33-38)
• Landscaping around Buildings A, B, and C (units 1-12)
• Additional funds to bring our fund balance in compliance with our 10% reserve fund policy
• The Board is levying an additional assessment of $3,300 per unit to cover these major maintenance items, payable in 12 monthly payments of $275 per month beginning October 1, 2024 and ending September 1, 2025. In lieu of monthly payments, a one-time discounted payment of $3,135 will be accepted if paid in full by October 31, 2024.
• We found an error in the email document that was sent to all owners to choose a prepay or monthly payment for this additional assessment. The total amount was listed as $3,600 instead of $3,300.  The prepay amount listed was correct at $3,135.

LAKESIDE CLUB CONDOMINIUM ASSOCIATION

TREASURERS REPORT FOR THE ONE MONTH AND TWO MONTHS ENDING AUGUST 31, 2024

 Project/Grounds Update

• Replacement of roofs on Buildings M (units 55-58) and O (units 65-70) is scheduled to begin in early November. The start was delayed due to orders of custom skylights.
• Replacement of the Lakeside Club sign on the north drive will be done in the spring.
• Header & deck post replacement to Building G (units 33-38) will be done in the spring.
• Prep work for landscaping around buildings A, B, and C will be done this fall; and new plants/mulch will be installed in the spring.
• Tree trimming is in process to remove limbs from the roof lines and encroachment towards the buildings

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.

 EV Committee  To date we have had three owners show interest in working on this project. 

 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: Owners Home Page

When you access the Lakeside Club’s website at petoskeylsc.com, click on OWNERS LOGIN at the top right side of the page, where you may be asked for the login password (LSC76Owners) that will take you to this page. The menus at the top of this page will take you to any other page in the Owners section of the website. The Message Board will notify you of pool closings, water shutoffs, and other issues that affect LSC owners. When there are no issues to report, the Message Board will provide information about events in the local area, such as musical performances, art exhibits, outdoor opportunities, lectures, and more. Below the Message Board are three photos of Lakeside Club locations, which you can click on to find the LSC Owner’s List, the Repair Request Form, and information about rental procedures.

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.

The Crooked Tree Arts Center offers a number of Youth and Adult Art Classes and Ballet Classes in October and at other times. (https://www.crookedtree.org/ctac-petoskey/learn)

Victories Sports and Entertainment at the Odawa Casino offers many concerts and other events in October and at other times. (https://www.odawacasino.com/entertainment/)

The Crooked Tree Arts Center will be displaying its “77th Annual Michigan Water Color Society Exhibition” and its its “Identity Maps” juried photography exhibition through November 2. (https://www.crookedtree.org/event/ctac-petoskey/77th-annual-michigan-water-color-society-exhibition) (https://www.crookedtree.org/event/ctac-petoskey/identity-maps-juried-photography-exhibition)

From 5 pm to 8 pm evenings, Pond Hill Farms offers many local musical events throughout October. (https://www.pondhill.com/farm-happening-details/)

At 10 am Thursdays through October 31, the Crooked Tree Arts Center will hold its Coffee @ 10 Lectures featuring regional artists and photographers. (https://crookedtree.org/article/ctac-petoskey/lecture-series)

From 11 am through 6 pm every Saturday and Sunday through October 27, join Pond Hill Farm for their Fall Fest Weekends with pumpkins and family fun for all ages. (https://petoskeyarea.com/events/)

At 5:30 pm from October 1 through October 22, practice “Gentle Yoga on Tuesday Evenings” at the NCMC Iron Horse Cafe. (https://www.ncmclifelonglearning.com/event-5837385)

At 7 pm on October 4, Join Beth Wemigwase on Zoom to hear about the events that led to the creation of the Harbor Point Association and the Little Traverse Lighthouse. (https://www.harborspringshistory.org/events/calendar/history-talks/lighting-the-way-the-harbor-point-association-and-little-traverse-lighthouse.html)

On October 5, join a tour of the Little Traverse Lighthouse on Harbor Point. Reservations can be made by calling 231-526-9771 or visiting the following website. (https://www.harborspringshistory.org/events/calendar/programs/lighthouse-tours.html)

Beginning at noon on October 5, enjoy some events offering food, beer, wine, music, and family entertainment during the Skitoberfest at Boyne Mountain. (https://northernmichiganguides.com/boyne-mountain-skitoberfest)

At 7 pm on October 5, enjoy “Beethoven’s Night” with the Great Lakes Chamber Orchestra’s at the Great Lakes Center for the Arts. (https://www.greatlakescfa.org/events/detail/beethovens-night)

At 6 pm on October 9, join NCMC’s Zoom presentation of “Demystifying Dyslexia.” (https://www.ncmclifelonglearning.com/event-5837599)

At 6 pm from October 9 through November 27, join a class on “The Basics of Improv” with Dean Tahtinen, sponsored by the Little Traverse Civic Theater. (https://www.ncmclifelonglearning.com/event-5827297)

At 7 pm on October 9, join an online Zoom presentation “Demysifying Dyslexia” with educational therapist Kate Cohen.  (https://www.ncmclifelonglearning.com/event-5837599)

At 11:30 am on October 11, attend an NCMC Luncheon Lecture “Hope on Horseback” about the Rising Hope Equestrian Center north of Harbor Springs.  (https://www.ncmclifelonglearning.com/event-5772576)

At 2 pm on October 11, Join the Little Traverse Conservancy’s Brad Von Blon on an ecology hike in the Allan and Virginia McCune Nature Preserve. (https://landtrust.org/events-template/allan-and-virginia-mccune-nature-preserve-fall-hike/)

Beginning at 9 am on October 12, join in the “Harbor Harvest” fall festival at the Harbor Springs Farm Market. (https://www.harborspringschamber.com/events/details/harbor-harvest-fall-festival-at-the-harbor-springs-farmers-market-15042?calendarMonth=2024-10-01)

At 7 pm on October 13, hear Lucie Arnaz sharing stories and songs at the Great Lakes Center for the Arts. (https://www.greatlakescfa.org/events/detail/lucie-arnaz-1)

At 4:30 pm on October 16 or October 30, take a walk in the woods with Sierra LaRose to forage for wild herbs. (https://www.ncmclifelonglearning.com/event-5841398) (https://www.ncmclifelonglearning.com/event-5841344)

At 7 pm on October 16, Join Little Traverse History Museum Executive Director, Jane Garver to hear her favorite stories and see historical photographs of Petoskey. (https://www.ncmclifelonglearning.com/event-5857968)

At 12 pm on October 18, Join Austin Wilson for a Zoom presentation on “How to Navigate Volatile Markets.” (https://www.ncmclifelonglearning.com/event-5829610)

At 7:30 pm on October 19, hear singer/songwriter May Erlewine in the Crooked Tree Arts Center Theater as part of CTACs Downtown Sound fall series. (https://www.crookedtree.org/event/ctac-petoskey/downtown-sound-may-erlewine-october-19)

Beginning at 10 am on October 21, experience “Autumn at McGulpin Point” with a free self-guided tour to the top of the lighthouse. (https://www.emmetcounty.org/event/autumn-at-mcgulpin-point-3/)

At 7 pm on October 23, join Dianna Stamphler on Zoom to hear about “Michigan’s Haunted Lighthouses.” (https://www.ncmclifelonglearning.com/event-5789448)

At 5:30 pm on October 24, join CTAC’s October Swirl for wine, appetizers, live music, and art exhibitions. (https://www.crookedtree.org/event/ctac-petoskey/october-swirl-2024)

At 11:30 am on October 25, attend an NCMC Luncheon Lecture “Removing Plastic Pollution” by Jennifer McKay of the Tip of the Mitt Watershed Council. (https://www.ncmclifelonglearning.com/event-5772580)

During the October 25-27 weekend, enjoy Mackinac Island’s Halloween Weekend with the Great Turtle Trail Run, trick-or-treating, and other events. (https://www.mackinacisland.org/event-calendar/halloween-weekend-4/)

At 7 pm on October 26, hear The Pack Drumline’s blend of Southern style drumming and hip-hop choreography at the Great Lakes Center for the Arts. (https://www.greatlakescfa.org/events/detail/the-pack-drumline)

At 6 pm on October 27 or 28, enjoy a “Murder Mystery Dinner” at the Bay View Inn. (https://petoskeyarea.com/events/murder-mystery-dinner-at-bay-view-inn/)

Beginning at 10 am on October 28, join the Downtown Petoskey Halloween Parade with trick-or-treating. (https://petoskeyarea.com/events/halloween-fun-downtown-petoskey/)

Thank you to Shelly Germain, Greg Waller, Doug Roosa, Doug Lehman, Carol Woodhurst, Kevin Kissinger, and John Lehman for their contributions to this newsletter.

Carol Woodhurst

 Board of Directors:  Shelly Germain, Doug Lehman, Doug Roosa, Greg Waller, Carol Woodhurst