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.

Residents asked to OK special assessment for storm cleanup

Tree damaged from ice storm

To cover the cost of repairing damage from the ice storm and to keep the Lakewood Homeowners’ Association in sound financial shape, the HOA Board is seeking homeowners’ approval for a one-time special assessment of $175 per household.

The assessment should raise the approximately $75,000 needed for the project, which should take six to eight weeks.

Every homeowner has been mailed a letter and proxy form seeking approval for the expenditure. A special meeting is scheduled for 6:30 p.m. April 26 at the Lakewood Clubhouse, where homeowners may vote in person.

Or you may vote by proxy without attending in person. A proxy voting form is enclosed with the letter. Please complete the form and take it to the HOA office, email it to hoa@lakewoodhoa.com or mail it no later than April 21.

“This was an extraordinary event in one of Austin’s finest neighborhoods,” the HOA Board’s letter states. “We all want our neighborhood to be safe and its natural beauty preserved. We thank you for your consideration and approval of this action.”

Questions? Contact us at 512-345-8367 or hoa@lakewoodhoa.com.

Protect your mailbox

Two cluster mailboxes in Lakewood were burglarized and mail stolen in the last few weeks, the Postal Service says. No damage occurred because the culprits apparently have a master key and unlocked the boxes. A few curbside mailboxes also have been disturbed. Our mail carrier suggests all Lakewood residents – those with both cluster boxes and individual curbside boxes – pick up their mail promptly, just before the end of every day, to minimize the chance of any further thefts.

Loop 360 project: Here’s the latest

The $500 million redo of Loop 360 is underway – and probably years from reaching the Lakewood intersection, based on published reports.

The Texas Department of Public Transportation and the City of Austin plan to upgrade 10 intersections along the Loop 360 corridor in five projects over 14 miles from U.S. 183 north to U.S. 290 and Texas 71. Each project covers two intersections and will take two to three years to complete. Each project also will require a new funding request, with most funds coming from the Capital Area Metropolitan Planning Organization and the city’s 2016 Austin mobility bond.

Stop lights will be removed and overpasses and underpasses added to the intersections, TxDOT says. The first two are Westlake Drive/Cedar Street in 2023, followed by Courtyard Drive at RM 2222 just north of Pennybacker Bridge in 2026.

The third and fourth projects – at Lakewood Drive/Spicewood Sprigs and MoPac to RR 2244 (Bee Caves Road) have not been funded, according to the Community Impact newspaper. Traffic signals would be removed at the Loop 360 main lanes and overpasses added at Lakewood Drive.

An earlier plan for the Lakewood Drive at 360 intersection that would have removed the large oak tree at the entrance has been scrapped and plans for the roadway shifted 50 feet east.

Keep track of the project and sign up for a newsletter with updates at loop360project.com.