UNTANGLING A LANDLOCKED MYSTERY

By Ken Silveira, Treasurer

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In the beginning there were (almost) no tangles The Tahoe Keys was created with the idea that every property would have a boat slip and access to Lake Tahoe. Landlocked properties without direct access to the Lake were provided a boat slip in the docks in the back-bay of the East Channel. Those docks became the Tahoe Keys Beach & Harbor Association (TKBHA) for Tahoe Keys landlocked property owners. Everyone benefited from and shared the cost of water quality services equally.

Tangles really began in 1991, when a major restructuring of the then 30-year-old and very complicated Tahoe Keys Property Owners Association took place. One result was a major revision to the CC&Rs, which have remained unchanged to this day (and hopefully will be updated by a membership vote, which is currently underway – please vote!)

Also, in 1991 a legal agreement was established between the Marina, TKBHA, and TKPOA, which stipulates how water quality costs, and other costs to maintain the east channel, are shared. (“1991 Stipulated Agreement”) This agreement defines how costs are to be determined and that costs are to be billed on a delayed basis. This agreement, however, caused a double charging to TKPOA

Located in the exquisite neighborhood of Tahoe Keys is this beautiful property with direct water access to Lake Tahoe. The floor plan creates a flow from the living room to the kitchen, right out to the large patio located directly on the waterfront. With the large yard, sandy beach, and over-water party deck, this property creates a private paradise including all of the amenities of the Tahoe Keys.

CA DRE 01941782 | NV S.0174328 530.457.7747 Jessica@WoodsMLS.com www.WoodsMLS.com property owners who also pay for water quality costs as part of their general quarterly assessments.

To untangle the double charge, the TKPOA simply issues a credit to the accounts of all landlocked property owners that are also members of TKBHA. The credit is equal to the amounts billed to TKBHA on a per boat slip basis. This year, the TKBHA was billed $368 per boat slip for water quality costs in June and each TKPOA member also received a “boat slip credit” for $368 in their account statement.

Just one more thing to untangle – In October 2020, the Board approved a 50% discount on the water quality dues for landlocked homeowners that are not on a body of water (east/west channels or Lake Tallac) and are not a member of Tahoe Keys Beach and Harbor Association. The basis for this is that it si felt that those properties do not receive as much benefit from water quality services. The discount went into effect January 1, 2021.

A more detailed explanation of how water quality costs are determined, and included in quarterly assessments for different groups of property owners, is contained in the Annual Disclosure.