From the General Manager, Mark Reid

Friday, November 15, 2024

Today is a wonderful day for the Lakewood Oaks Country Club and the LPOA. After receiving approval from the LHC Board of Directors in last nights meeting, as of this morning, the Lakewood Oaks Country Club paid off the balance of their Bank Note in the amount of $778,750. This was paid for with our retained earnings cash. The LPOA DID NOT provide any funds toward this loan payoff. We are extremely pleased to be at this milestone moment in the Clubs history, where we are now in the position to operate free and clear of bank debt.

We are so appreciative of all of our Club members as well as our LPOA social members who enjoy and support our wonderful golf course and clubhouse. We look forward to the bright future where all of our tax exempt earnings can be reinvested in the golf course to make it the best it has ever been.