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29May

The First LPOA Reserve Study and Reserve Funding was Established

May 29, 2024

The first Reserve Study was commissioned, and then the first official Reserve Fund was established. This would allow the LPOA to save earmarked funds for 30-40 years of specific projected maintenance and expenses, ensuring that future amenities would not be discarded due to lack of planning. This new structure of annual…

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28May

Transparency

May 28, 2024
Transparency Information Lakewood is committed to providing transparent information from our past, present, and future. We hope future Boards, Volunteers, and Residents can learn from our past, in order to make great decisions in the future that will continue to increase our home values. These pages will continue to expand…
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28May

Reserve Funding

May 28, 2024
Lakewood Reserve Funding A Turning Point in our Financial Planning in 2015 For many of the first 30-40 years of Lakewood, there were insufficient Reserves being held back, which attributed to the low dues that residents enjoyed. (Similar to not saving for retirement). Although there had been some sinking funds,…
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