Annual meeting to include vote on special assessment, two board positions

Lakewood homeowners will elect two HOA board members and again consider the proposed special assessment to repair ice storm damage at the annual meeting at 1:30 p.m. Saturday, June 3 at the clubhouse. A barbecue lunch and pastries will be served, so please stop by!

An Austin Fire Department mitigation expert will also speak and answer fire-related questions during the annual meeting.

Homeowners have been sent a letter with an agenda and two directed proxies in their notice of the annual meeting: one to vote for two positions open on the board and another to vote on the special assessment.

Homeowners who voted for or against the assessment before the April 26 meeting must vote again since not enough owners were present in person or by proxy to hold an official meeting on that date. Owners who attended the April 26 meeting and voted on the ballots at that meeting do not have to vote again.

The HOA board is seeking homeowners’ approval for a one-time special assessment of $175 per household to cover the cost of repairing tree damage from the February ice storm while keeping the HOA in sound financial shape. The assessment should raise the estimated $75,000 needed for the project, which should take 8 to 10 weeks.

The June 3 meeting will require a different quorum:  Only 33%, or 147, of homeowners are needed to have an official meeting. Of that quorum, 67% will be needed to pass with an affirmative vote of 99 owners.

Two positions are available on the HOA board, and current board members Michelle Polasek and Lee Rutledge are running for re-election. Read their biographies here.