Auburn Bay Lake “Repair”
For those of you who do not know. Auburn Bay Residence Association brought up the fact that the shoreline for the lake needs some repairs. They just had a meeting yesterday and I’m curious what peoples thoughts are from other communities. I will put down some of my thoughts and what I know from the meeting.
- Repair would cost an estimate $3 million
- Loan is going to be taken for the $3 million with interest totaling another $2 million (board will not disclose who the loan is with)
- Repairs could cause damage to the liner at the bottom of the lake which would accumulate more cost
- The board started off saying it would be cosmetic and quickly changed to saying it’s for structural integrity of the shoreline
- No engineering documents are being shared with the public
- The shoreline in question is not accessible to the public and would only truly benefit the homeowners on the lake
- they want every household to pay an extra $500 for the repair.
-home owners on the shoreline are saying it’s part of the lake so the community is responsible for the repair
To me this sounds extremely suspicious. I need all of the information. The loan is crazy, and the fact they won’t share any of the structural engineers findings is extremely shady.