The First LPOA Reserve Study and Reserve Funding was Established
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 investing in long term maintenance funding caused a major shift in the positive overall health of the association.