Trout Lake

Trout Lake District

 

P.O. Box 34

Lyndon Station, WI 53944

http://www.troutlakedistrict.com/

Annual Meeting Minutes

July 13 TH 2019

 

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Trout Lake District

P.O. Box 34

Lyndon Station, WI 53944

http://www.troutlakedistrict.com/

Annual Meeting Minutes

 July 13, 2019

 

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Chairwoman Busch called the meeting to order at 10.08 AM in town hall

Roll Call was taken – board plus Pat Mitchell along with special guest, Attorney Larry

Konopacki (participated by telephone)

Chairwoman Busch made a motion to approve the minutes from the 2018 annual meeting -

seconded by Commissioner Gary Cooper

Motion approved 

10:22 a.m Dam Repair Update

 Commissioner Busch stated we are moving forward to apply for the Dam Grant which

could pay for half of the total repair cost. 

 They have reauthorized the grant award application with Feb 2020 application deadline 

 The Trout Lake Homeowners Association has been reformed 

 HOA owns dam – TLD membership can vote at next meeting to transfer ownership of the

dam to the TLD – TLD is eligible for Dam Grants – HOA is not

 TLD made a loan to TL HOA of $2500 to established a checking account to pay for legal

representation

 Attorney Larry Konopaki - Discussed dam ownership in detail

 Resurrection of the HOA = transfer dam ownership, maintenance & operation to TLD

and eliminate outdated Bylaws and Covenants (legal exposure)

 Dam transferred to TLD, Bylaws and Covenants eliminated =>owners can pursue

(independently or as a group) removal of the dam stamp from our deeds 

 Tax levy vs Special Assessment tax defined and discussed (previously TLD ownership

voted to equalize tax levy by lot) – will vote to obtain BCPL loan (low interest)

 Vote taken & carried to amortize BCPL loan over 10 year term – Annual Tax Levy rather

than Special Assessment (begin fall 2020)

 Attorney Konopaki working with HOA on Dam transfer & Deed recording

11:33 a.m. TREASURY REPORT - Commissioner Cooper reported:

 Total revenue $70,513.00 

 Total expenses $42,310.00 

 Account balance $28,204.00 ($123.66 to deposit and LLC filing cost of $155.00)

 Estimated expenses $8144.00 would result in account balance $19,060 

 Chair Busch motion to approve, seconded by Commissioner Raasch      

BOUNDARIES REPORT

 Discussion on how the boundaries were initially established 

 No longer open for discussion.

12:05 p.m. Commissioner Cooper made a motion to adjourn the meeting

Seconded by Commissioner Raasch

Meeting Adjourned

 

 

Reported by Michael Raasch, Secretary, Trout Lake District