Keys Breeze November 2020

REVISED AND AMENDED BYLAWS VOTE PG. 16 2021 ASSESSMENTS AND FEES

PG. 18

2021 ANNUAL DISCLOSURE PG. 3

356 Ala Wai Boulevard South Lake Tahoe, CA 96150

Tahoe Keys Property Owners Association

PRSRT STD U.S. POSTAGE PAID RENO, NV PERMIT NO. 200

NOVEMBER 2020

Tahoe Key s P r oper ty Owner s Ass oc iation

Tahoe Keys Specialists 2019 #1 in Sales for Tahoe Keys

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CHRIS HERNANDEZ

BROOKE HERNANDEZ

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530.314.9766 | 775.588.6130

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Here Are Your Tahoe Keys October 2020 Statistic Comparisons: SINGLE FAMILY SOLDS: AVG. SOLD PRICE: SOLD DOM: % OF ASKING PRICE: ACTIVE: AVG. LIST PRICE: AVG.DOM:

OCTOBER

2020

TOWNHOUSES

12

OCTOBER 2020

5

SOLDS:

$1,382,000 ($534 sq. ft. avg.)

68

$424,000 ($388 sq. ft. avg.)

AVG. SOLD PRICE:

77

SOLD DOM:

99.9%

100.1%

% OF ASKING PRICE:

21 (as of 11/3/20)

5 (as of 11/3/20)

ACTIVE:

$1,624,000 ($630/sq. ft. avg.)

39

$569,000 ($582/sq. ft. avg.)

AVG. LIST PRICE:

78

AVG.DOM:

This is your Tahoe Keys blank canvas waiting to be refashioned or refurbished. $699,000

NDING SALE PE

Exquisite waterfront chalet situated on prestigious White Sands Drive with large dock. $2,900,000

Rare single story home with 80 feet of water frontage and large dock. $1,998,000

NDING SALE PE

Opportunity for expansion exists with this well priced waterfront home. $859,000

Low inventory and high demand.

It is time to list! Make us your choice.

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NOVEMBER 2020

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2021 BUDGETS AND ANNUAL DISCLOSURE

By Kirk J. Wooldridge, General Manager THE 2021 ANNUAL BUDGET was approved at the Wednesday, October 21st, 2020

2012 Budgets and Annual Disclosure 3 ACC Rule of the Month

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Supporting Your Community Virtually with the Barton Foundation 6 2020 Board Actions Summary

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TKPOA Calendar

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Where in the Universe

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Cove Advisors Needed

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Bylaws—Vote!

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2021 Assessment Fees and Budgets 18 TKPOA Maintenance & Landscaping Departments 22 2021 ACC Application Submittal Schedule 25 2020 Architectural Control Committee Meeting Schedule

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2021 Indoor Pool Schedule

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Accounting Report

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Electronic Communications

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PUBLISHING DISCLOSURE NOTICE The Keys Breeze is the official monthly publication of the Tahoe Keys Property Owners Association (TKPOA), which is located at 356 Ala Wai Blvd., South Lake Tahoe, CA 96150. Each membership parcel receives one subscription to Keys Breeze mailed to a domestic address. Cost to produce and distribute this publication is offset by advertising revenues and budgeted funds. The inclusion of advertising in this publication does not constitute an endorsement or recommendation by the Tahoe Keys Property Owners Association or its Board of Directors of the projects, services or views contained therein.

FOR ADVERTISING OPPORTUNITIES please contact Kathy Hess-Slocum at Just Imagine Marketing and Design at (775) 846-5656, kathy@justimaginemktg.com.

Printed on recycled paper with soy-based inks.

Board of Directors Regular Board Meeting. Preparation of the budget that was approved followed six months of work that began in April and is the result of significant efforts by the Tahoe Keys Property Owners Association (TKPOA) staff, the Finance Committee, the Cove Advisors, and the Board of Directors.

The “Budget” actually consists of 19 operating budgets and 20 reserve funding plans. The operating budgets address the EACH YEAR, THE ASSOCIATION planned operating revenues and expenses for the four major funds (Common, Water MUST DISTRIBUTE AN Company, Water Quality, and Channel "ANNUAL BUDGET REPORT" and Lagoons), 12 townhouse subdivisions, and four single-family subdivisions.

AND AN "ANNUAL POLICY Each year, the Association must distribute an “Annual Budget Report” STATEMENT". THESE ITEMS and an “Annual Policy Statement”. These AND ADDITIONAL REQUIRED items and additional required items are ITEMS ARE INCLUDED IN THE included in TKPOA Annual Disclosure.

According to TKPOA Bylaws ARTICLE TKPOA ANNUAL DISCLOSURE. XII, Member Assessment Obligations and Association Finances, Section 5: Budgets and Financial Statements: (a) A pro forma operating budget for each fiscal year consisting of at least the following information shall be distributed to members not less than 45 nor more than 60 days prior to the beginning of the fiscal year: (i) Estimated revenue and expenses of the Association on an accrual basis. (ii) The amount of the total cash reserves of the Association currently set aside for the future repair or replacement of, or addition to, those major CONTINUED ON PAGE 8 The Keys Breeze Magazine IS THE OFFICIAL PUBLICATION OF THE TAHOE KEYS PROPERTY OWNERS ASSOCIATION

356 Ala Wai Boulevard South Lake Tahoe, CA 96150 (530) 542-6444 p (530) 541-2521 f tkpoa.com ADMINISTRATIVE OFFICE HOURS

8:30 a.m. to 4:30 p.m. Daily TAHOE KEYS PROPERTY OWNERS ASSOCIATION

Kirk J. Wooldridge

General Manager, Ext. 224

Heather Blumenthal

Operations Manager, Ext. 228

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Don Havard

Accounting Manager, Ext. 227

Front Desk Attendant Dial 0 2020–2021 BOARD OF DIRECTORS

Linda Callahan

Architectural Control Dept.

Manager, Ext. 239

Joe Sherry, PRESIDENT Dave Peterson, VICE PRESIDENT Kieron McCammon, TREASURER

Tom Callahan

Facilities Manager, Ext. 226

Sean Ward, SECRETARY

James Brooks

Bonnie Halleran, DIRECTOR

Project Coordinator/ Property Manager, Ext. 241

Steven Shepherd, DIRECTOR

Bill Spicer

Pool Supervisor (530) 545-4124

Security (530) 545-0847 Daniel Larson

Water Company and Water Quality Manager (530) 542-6451

NOVEMBER 2020

Melvin Meyers, DIRECTOR

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By Linda Callahan, Architectural Control Department Manager

HOLIDAY LIGHTS HOLIDAY LIGHTS CANNOT REMAIN on the residence year

round. Lights should be removed after the holiday, weather permitting.

According to the Architectural Control Rules Brochure (ACRB), Section 15, Misc. Provisions for Exterior Grounds, Storage and Structures, Item 15.14 reads as follows: Holiday and traditional displays vary widely. Displays and holiday decorations may be erected temporarily without a permit. Holiday decorations may be displayed no more than 30 days before or 14 days after a holiday (weather permitting).

Decorations for personal events (birthdays, weddings, homecomings, etc.) may be displayed no more than three days before and three days after the event. All other displays require ACC approval and must be in harmony with the requisite occasion (as appropriate) and surrounding structures and neighborhood. Lights may not shine so brightly as to be an unreasonable disturbance to neighbors or drivers and no sound devices are permitted for any decoration. All lighted displays must be turned off by 11:00 pm. No display may obstruct the views from any other property.

K eKyes y sB rBe reezee z e

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NO N VOEVME BMEBRE R2 022002 0

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FOR SALE | 1922 CATHEDRAL COURT FULLY REMODELED BOATERS RETREAT IN TAHOE KEYS WITH 170FT OF WATER FRONTAGE, A PRIVATE BOAT DOCK SUITABLE FOR 2 LARGE BOATS, WITH EASY ACCESS TO THE OPEN WATERS OF LAKE TAHOE. LOCATED AT THE END OF A CUL DE SAC, THIS 3,241SF, 4 BED/3 BATH, 2 1/2 BATHS, WITH A 2 CAR GARAGE. OFFERED AT $2,798,000.

SOLD on 7/07/2020 | 319 Beach Drive | Located on a SOLD on 7/22/2020 | 2037 Aloha Drive | Perched along the SOLD on 8/27/2020 | 2015 Kokanee Way | A boaters premiere Tahoe Keys lakefront street! This 4,190sf fully shores of a vast Keys waterway leading into the open waters retreat in the Tahoe Keys with 50 ft of water frontage, a private remodeled home sits on a level lot with 100ft of sandy beach. of Lake Tahoe, this Nautical styled home is a boater’s getaway. boat dock, and easy access to the open waters of Lake Tahoe.

LIST PRICE: $4,295,000 | SOLD PRICE: $4,050,000 LIST PRICE: $2,188,000 | SOLD PRICE: $2,188,000 LIST PRICE: $980,000 | SOLD PRICE: $1,195,000

MOUNTAIN LUXURY PROPERTIES IS A PROGRESSIVE INDIE BROKERAGE, REPRESENTING ALL OF LAKE TAHOE CALIFORNIA & NEVADA, OFFERING A CONCIERGE EXPERIENCE THAT RISES ABOVE. FOUNDED BY TWO OF LAKE TAHOE’S PERENNIAL TOP PRODUCERS, FOUNDER GREGORY OCHOA AND CO-FOUNDER JENNIE FAIRCHILD HAVE A COMBINED GROSS SALES OVER $100M IN 2020, INCLUDING 6 LAKEFRONT TRANSACTION SIDES. WHETHER BUYING OR SELLING THE TEAM AT MOUNTAIN LUXURY PROPERTIES PROVIDES UNPARALLELED SERVICE AND DELIVERS PROVEN RESULTS.

GREGORY OCHOA FOUNDER, CA/NV BROKER ASSOCIATE

775.339.1919 | GREGORY@MOUNTAINLUX.COM BRE CA 01725318 / DRE NV 144619

SUPPORTING YOUR COMMUNITY VIRTUALLY WITH THE BARTON FOUNDATION

TO LEARN MORE ABOUT THE BARTON FOUNDATION’S 2020 GALA, AND MAKE A SECURE ONLINE DONATION, VISIT BARTONHEALTH.ORG/GALA. Keys Breeze

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This season of giving is more important than ever, as our community faces complex challenges brought on by the pandemic. To help provide additional financial resources in response to the pandemic, the COVID-19 Response Fund is the beneficiary of the Barton Foundation’s 30th Annual Gala, held virtually this year beginning November 30 through December 11, 2020 at BartonHealth.org/Gala.

Over 700 local families suffering from food insecurity issues have already been helped through generous donations to the Response Fund. Additional donations to the Response Fund will be critical this winter, as residents continue to struggle to feed their families. The Response Fund also provides essential personal protective equipment and medical supplies for frontline healthcare workers, and helps with funding for the continuous adaptation of mitigation strategies and safety equipment for residents of Barton’s Skilled Nursing Facility.

The Skilled Nursing Facility is home to some of Barton Health’s most vulnerable patients. Visitation to this long-term care facility has been highly restricted since March, 2020 to protect these vulnerable community members and their care providers.

Many of us miss visiting with friends and family members who are in isolation, whose health would be extremely at-risk should they be exposed to COVID-19. With the support of donations through its annual Gala, the Barton Foundation is striving to facilitate additional safe visitation options for families to visit their loved ones at the Skilled Nursing Facility.

With your help and generosity, the Barton Foundation will continue its work in our community, as we support community members in need and provide medical equipment and supplies to our frontline healthcare workers.

Chris Kiser is the Executive Director of the Barton Foundation.

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2021 BUDGETS AND ANNUAL DISCLOSURE CONTINUED FROM PAGE 3

components of the common areas and common facilities which the Association is obligated to maintain and for contingencies; (iii)An estimate of the current replacement cost of the estimated remaining useful life of, and the methods of funding to defray repair or replacement of, or additions to, those major components of the common areas and common facilities which the Association is obligated to maintain; (iv)A general statement setting forth the procedures used by the Board of Directors in the calculation and establishment of reserves to defray the cost of repair, replacement or additions to major components of the common areas and common facilities which the Association is obligated to maintain.

On October 31st, 2020, the TKPOA Annual Disclosure was mailed out to all property owners. All these required Disclosure documents must be distributed by “First-class mail, postage prepaid, registered or certified mail, express mail, or overnight delivery by an express service carrier.” (Civil Code §4040.), however,

Custom Boat Docks

Shoreline General Engineering Inc. Docks Ramps Pile Driving Platforms CA LIC # 692692

Piers Fencing Welding Custom Railings

530.545.3188

upon written consent of members, associations may distribute documents and disclosures electronically. The TKPOA will be sending out 477 2021 Annual Disclosures electronically to those members at a savings of approximately $4,000 to the TKPOA after the remaining 1,052 Disclosures were mailed.

The Davis-Stirling Common Interest Development Act is the California Civil Code and (Section §5300 and §5570) contains the detailed Disclosure requirements and the deadlines for most of these required items. In addition to the required items the TKPOA has included some additional information to further lend explanation to the documents required. The following items are included in the 2021 Annual Disclosure the TKPOA property owners will be receiving by mail: 1. Disclosure Documents Index – Civil Code §5300 2. Pro Forma Operating Budget – Civil Code §5300 3. Notice of Assessment Increases – Civil Code §5615 4. 2020 Budget and Assessment Summary – Civil Code §5300 5. Assessment Collection Policy – Lien and Collection Policy Civil Code – §5730, §5310 6. Notice of Assessments, Foreclosures and Payment Plans – Civil Code §5730, §4040(b) 7. Arbitration/Mediation of CC&Rs Disputes – Civil Code §5925 8. Membership Lists – Civil Code §5210, §5200 (a) (9) 9. Member Contact Information – Civil Code §4041, §5650(a), §5660 10. Secondary Address Notification Request Civil Code §5650(a), §5660 11. Electronic Communication Authorization Form – Corporations Code §20 12. Insurance Coverage Summary – Civil Code §5300 (a)(b) 13. Architectural Changes Notice – Architectural Guidelines and Procedures – Civil Code §4765 14. Notice of Intention to Adopt or Change Rule – Civil Code §4360 15. Monetary Penalties Schedule – Civil Code §5850 16. TKPOA Fee Schedule – Civil Code §5850 17. Board Minutes Access – Notice of Right to Minutes of Board Meetings - Civil Code §4900 18. Notice of Document Request Costs – Civil Code §5210 19. Official Communications for the Association – Civil Code §5310 20.Notice of Regular Board Meetings – Civil Code §4920, Corporations Code §5016

www.docksndeckslaketahoe.com Keys Breeze

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This holiday season, the Barton Foundation invites you to give to the COVID-19 RESPONSE FUND

The Barton Foundation’s 30th annual Gala will be held November 30 - December 11 online to uphold the spirit of giving in a time of need.

The 2020 Virtual Gala will support the Foundation’s COVID-19 Response Fund, providing resources for local families and healthcare workers facing challenges during the pandemic as well as supporting safe family visitation for our residents in Barton’s Skilled Nursing Facility. Your contributions make a difference in helping community members who need it most.

Participants can make an online donation of any amount at the Gala, and those contributing $100 or more can opt into a drawing to win one of six luxury prize packages.

Visit BartonHealth.org/Gala for prize details.

2020

BOARD ACTIONS SUMMARY

By Heather Blumenthal, Operations Manager

SEPTEMBER 16TH – JOINT BOARD AND FINANCE MEETING BOARD ACTIONS • Directed the Finance Committee and staff to update the 2021 Budget in a sixth draft based on the recommended budget reduction items to be added back into the 2021 Budget in order to maintain current services and to review other potential reductions including the estimated reduction in Association insurance premiums to offset the items added back into the proposed 2021 Budget.

• Directed the Finance Committee and staff to include a 50% reduction in water quality assessments for the approximately 110 landlocked properties that do not front on any body of water and are not also a part of the Tahoe Keys Beach and Harbor Association (TKB&HA) in the sixth draft of the 2021 Budget.

• Directed the Finance Committee and staff to add the Ala Wai Median Project to the Reserve Funding Plan for planned completion of Phase 1 in 2021 or 2022.

• Approved the 2021 TKPOA Annual VHR Permit Fee at $525 to be prorated and billed monthly based on the City of South Lake Tahoe (CSLT) VHR Permit expiration date.

• Approved the 2021 Fine Schedule.

• Approved the 2021 Budget Allocation Schedules.

SEPTEMBER 28TH – JOINT BOARD AND FINANCE MEETING BOARD ACTIONS • Approved reclassifying $31,970 in legal fees for 2020 from Water Company to Water Quality and $1,143 from Water Company to Common.

• Directed staff to add the Ala Wai Blvd Median Project into the Reserve Plan and increase funding to cover the project spread over five years beginning in 2022.

• Approved a $9 per quarter increase in the Water Company Operating Assessment.

• Approved adding the anticipated East Channel Keys Breeze

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Bulkhead legal fees to the channels and lagoons Reserve Plan budget in the amount of $150,000 spread over 2021, 2022, and 2023 and to include a potential recovery of a portion of those legal fees based on an anticipated victory for TKPOA. • Approved reclassifying $50,000 to the Water Quality Operating budget for legal fees from the Common Operating Legal budget.

SEPTEMBER 30TH – EMERGENCY EMAIL MEETING #1 • Approved the Hays Companies 2020–2021 TKPOA Insurance Coverage Premiums as presented for $684,841 beginning October 1st, 2020.

OCTOBER 12TH – BOARD OF DIRECTORS MEETING BOARD ACTIONS

• Authorized the Tahoe Keys Water Company to accept the September 28th, 2020 quote from Jacobi Carbon to perform removal of spent carbon and install new carbon media for $36,165 to be funded out of the Water Company Reserves Fund.

• Approved the Premium Finance Agreement with First Insurance Funding for TKPOA’s Insurance Financing Contract.

OCTOBER 21ST – EXECUTIVE SESSION BOARD ACTIONS

• Reviewed 13 personnel matters.

• Approved the 2021 TKPOA holiday schedule.

• Reviewed six disciplinary matters including three disciplinary hearings.

• Reviewed 15 legal matters including ongoing issues with the Tahoe Keys Marina and Yacht Club.

• Directed staff to schedule a Town Hall Forum the week of November 16th for those members who have Lake Tallac encroachments.

• Reviewed eight contracts, no new contracts were approved.

OCTOBER 2020

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OCTOBER 21ST – BOARD OF DIRECTORS MEETING BOARD ACTIONS • Approved the 2021 Operating Budget as submitted for Common, Water Company, Water Quality, Channels and Lagoons, ninth draft for a quarterly assessment of $735.

• Approved Table “R” for the 2021 Forecasted Reserve Balances – Common, Water Company, Water Quality, Channels and Lagoons, Townhome Coves, and Subdivisions.

• Approved the 2021 Reserve Funding Plans and 30 Year Expenditure Detailed Plan and budgets as submitted for Common, Water Company, Water Quality, and Channels and Lagoons for a Quarterly Assessment of $735.

• Approved the 2021 Annual Assessment based on the Operating Budget and 2021 Reserve Funding Plans and 30 Year Expenditure Reports as submitted for Common, Water Company, Water Quality, and Channels and Lagoons. The proposed 2021 Operating Budget and Reserve Funding Plans result in a quarterly assessment of $735 for 1,423 properties; for 101 landlocked properties that do not front on any body

of water and are not a member of the Tahoe Keys Beach and Harbor Association (TKB&HA) 50% reduction in the water quality assessment resulting in a quarterly assessment of $677; for one landlocked four plex property that does not front on any body of water and are not a member of the TKB&HA 50% reduction in the water quality assessment resulting in a quarterly assessment of $925; and for three landlocked duplex properties that do not front on any body of water and are not a member of the TKB&HA 50% reduction in the water quality assessment resulting in a quarterly assessment of $770.

• Approved the water quality assessment 50% reduction for the 2021 Annual Budget and assessment for 105 landlocked and mon-member of the TKB&HA properties • Approved the 2021 Reserve Funding Plans and 30 Year Expenditure Detailed Plan and budgets as submitted for Townhome/Coves and subdivision with reserves.

• Approved all Townhome Cove and subdivisions with reserves 2021 Annual Budgets and Annual Assessments as presented.

CONTINUED ON PAGE 15

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TKPOA NOVEMBER 2020 CALENDAR + BEYOND N O V EMBER 2020

4 TKPOA Visions Ad Hoc Committee 10:00 am 6 Bylaws and CC&Rs Communication

Subcommittee 1:00 pm 10 ACC Meeting 9:00 am 10 Town Hall Forum – Revised and

Amended Bylaws 6:00 pm 17 Finance Committee Meeting 10:00 am 17 Town Hall Forum – Lake Tallac

Encroachments 6:00 pm 18 Board of Directors Exec. Session 9:00 am 18 Board of Directors Regular Mtg. 6:00 pm

Water Quality Committee TBD

Tahoe Keys Blvd. Median Subcommittee TBD

Tahoe Keys Waterways Restoration Fund

(TKWRF- 501(c)(3) – El Dorado Community Foundation TBD

D E CE MB E R 2 0 2 0

8 ACC Meeting 9:00 am 15 Finance Committee Meeting 10:00 am 16 Board of Directors Exec. Session 9:00 am 16 Board of Directors Regular Mtg. 6:00 pm

Town Hall Forum TBD

Water Quality Committee TBD

Tahoe Keys Blvd. Median Subcommittee TBD

Bylaws and CC&Rs Communication Subcommittee TBD

TKPOA Visions Ad Hoc Committee TBD

Tahoe Keys Waterways Restoration Fund

(TKWRF- 501(c)(3) – El Dorado Community Foundation TBD

Note: All meetings will be held at the TKPOA Pavilion, 356 Ala Wai Blvd, South Lake Tahoe unless otherwise noted.

Until further notice, meetings will have limited in-person attendance. Members may also attend meetings via Conference Call and/or Webinar. Please contact the TKPOA front desk at (530) 542-6444 for details on member attendance.

Get more exposure for your business!

Advertise in Keys Breeze!

For more information about rates please call Kathy Hess-Slocum at (775) 846-5656 or email kathy@justimaginemktg.com.

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FOR MORE INFO Keys Breeze

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NOVEMBER 2020

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www.TahoeKeysRealty.com 12

WHERE IN THE universe IS KEYS BREEZE? Attention all TKPOA Homeowners Submit your photo and win!

S

how us where you read the Keys Breeze. Winners will be chosen at the end of the year and given a $25 gift certificate to Chicken in a Barrel. All images must be submitted electronically. JPEG files are the preferred format and the size needs to be no less than 1 MB. By submitting your photo, you are giving us permission to reprint in Keys Breeze. Please email submissions to Heather Blumenthal at HBlumenthal@ tahoekeyspoa.org.

Thank you!

You reading Keys Breeze in front of St. Basil's Cathedral and Spassky Tower on Red Square in Moscow.

CALL FOR A FREE ESTIMATE!

2020 BOARD ACTIONS SUMMARY CONTINUED FROM PAGE 11

21. Disclosure requirements of Business & Professions Codes Section 11500 – 11506 22. Assessment and Reserve Funding Disclosure Summary – Civil Code §5570 23. Annual Update of Reserve Study – Civil Code §5570 24.Online Payment Method – Information

In Closing

Keys Breeze

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Tanner Hart

boatdocksinc@gmail.com General Engineering PO Box 8233 South Lake Tahoe LIC #1051115

BOAT DOCKS

INC

The 2021 Annual Disclosure, complete detailed budgets (that include all Townhome/Cove Budgets) and reserve fund reports are available from the Association’s business office located at 356 Ala Wai Blvd., South Lake Tahoe, CA 96150, (530) 542-6444. These reports will be provided to property owners within five (5) working days of their request, at the expense of the property owner.

Questions on the 2021 Annual Disclosure, budget, reserve funds, or other information can be provided by contacting the TKPOA Office, at 356 Ala Wai Blvd., South Lake Tahoe, CA 96150, Telephone (530) 542-6444, or email at kwooldridge@tahoekeyspoa.org, or on the TKPOA website www.tkpoa.com.

530-541-1111 BOATDOCKSINC.COM • CUSTOM DESIGNS • FLOATING DOCKS • FIXED DOCKS • SUPPLIES • • RETAINING WALLS • RAMPS • DECKS • PILINGS • REPAIRS • BUOYS • • MAINTENANCE • SALVAGE • RELOCATION • POLYURETHANE FLOATS •

NOVEMBER 2020

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COVE ADVISORS NEEDED COVE ADVISORS NEEDED FOR BAVARIAN ISLE, ALOHA ISLE, ST. MORITZ, AND MOUNT TALLAC VILLAGE III It is important that all TKPOA subdivisions are represented by a property owner living within their subdivision. Per the Advisor rules, any owner in good standing may volunteer to serve as the Advisor to their subdivision or cove. Otherwise the property owners may nominate themselves or another owner within that subdivision, confirmed by a vote of the Board of Directors.

Each Cove Advisor is responsible for handling the general affairs of the cove including unit/ common area facilities; report maintenance, repair and other property owners issues to TKPOA management and follow-up in keeping those property owners up to date with current events, general affairs of projects happening within the Keys, and manage the cove’s budget.

If you want to volunteer or nominate a fellow owner please complete the “Request to be Appointed” form, which can be found on the TKPOA website: www.tkpoa.com by clicking on the news ticker on the home page. Please return your completed form to Operations Manager, Heather Blumenthal, or turn in at the Pavilion Office located at 356 Ala Wai Blvd, South Lake Tahoe, CA 96150.

Sincerely,

Carl Frederick COVE 2A ADVISOR CO-CHAIR ADVISOR COMMITTEE

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2020 BOARD ACTIONS SUMMARY CONTINUED FROM PAGE 11

• Approved Resolution No. 2021-10212020 for the 2021 TKPOA Collections Policy.

• Approved Resolution No. 2021-10212020-01 for the 2021 TKPOA ADR/IDR Policy.

• Accepted the Water Quality Committee recommendation to utilize the data from the first 28 days of the pilot program for an analysis of the TKPOA Circulation System Trial and to not operate the system until after the analysis has been completed and further recommendation made.

• Approved Southport Control Solutions LLC for installation of Water Company Wells Monitoring System notification units for $9,865.65 to be funded out of Water Company Reserve Funds.

• Approved Tahoe Marine and Excavating for the Cove 3A Bulkhead Replacement Project for $306,650 plus a $30,665 contingency for a total of $337,315 to be funded out of Cove 3A Reserve Funds. This includes steel sheet piles, walers, cap, and new fence with specified epoxy coating and chance anchors.

• Approved Kaczmar Painting for the Cove 4 Trim Painting Project for $15,000 plus a $1,500 contingency for a total of $16,500 to be funded out of Cove 4 Reserve Funds.

• Approved the purchase of three Bubble Curtain Systems at a cost of $12,062.66 to be funded from the Water Quality Special Assessment funds. Installation and operating expenses will be funded from the 2020–2021 Water Quality Operating Budget.

• Approved a Tahoe Regional Planning Agency (TRPA) funded East Channel Bubble Curtain project. Electricity and monitoring expenses will be funded from the 2020–2021 Water Quality Operating Budget.

• Approved the seventh draft update for the amended and restated bylaws and ballot letter and ballot for the required membership vote.

• Set the record date for the amended and restated bylaws property owner voting ballot as October 21st, 2020.

• Appointed Rick Lind and Peter Hagens to the Water Quality Committee.

• Accepted the resignation of Bobbie Canepa as the St. Moritz Subdivision Advisor.

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Bylaws—Vote!

By Ken Silveira Bylaws and CC&Rs Communication Ad Hoc Committee ALL MEMBERS RECENTLY RECEIVED a voting package to vote on the adoption of Amended and Restated Bylaws. This is the first update of the Bylaws in over twenty years. An update of the Bylaws had been in the works for some time, but recent changes in state law made an update necessary as soon as possible. An update of the CC&Rs is also planned for early next year.

The updated Bylaws have a fresh look and reflect changes in law as well as a few recommended changes by the Board. The changes in law were primarily the result of State Bill 323, which took effect this year. A summary of the proposed changes was included in the voting package, but members should review the proposed Bylaws for themselves. To assist members with voting, the current Bylaws are posted on the TKPOA website in the Documents/Bylaws CC&R section along with other information that may be of interest and assistance. A Town Hall is also scheduled for November 10th, 2020.

Please vote! The Bylaws (and state law) require a quorum of at least 1/3 of the members to participate in this type of vote. In the case of the TKPOA, that is at least 509 members. In order to be considered, mailed ballots must be received by the Inspector of Elections no later than 3:00 pm PST on December 14th, 2020.

Ballots can also be submitted at the TKPOA Pavilion office in the locked ballot box located in the lobby Monday-Sunday 8:30 am–4:30 pm. Ballots will be opened and counted at an open Board of Directors meeting at the TKPOA Office on December 16th, 2020, starting at 6:00 pm. Hand delivered ballots will be accepted until 6:05 pm at this meeting. Any ballots received after that time and date will not be counted.

The Board of Directors or Inspector of Elections may extend these dates up to two successive periods of thirty (30) days each if needed to obtain a quorum. If the quorum requirement is not met, another costly vote will need to be conducted in the future.

For questions, you may contact the TKPOA Bylaws and CC&Rs Communication Ad Hoc Committee members Albert Chandler at al@atchandler.com or Ken Silveira at ken-sil@msn.com.

You may also contact General Manager Kirk Wooldridge, at kwooldridge@tahoekeyspoa.org, the TKPOA Office at (530) 5426444, ext. 224. For additional information and assistance The TKPOA administrative staff is available by phone at (530) 5426444 from 8:30 am until 4:30 pm, Monday through Sunday or via email at info@tahoekeyspoa.org.

THE BYLAWS (AND STATE LAW) REQUIRE A QUORUM OF AT LEAST 1/3 OF THE MEMBERS TO PARTICIPATE IN THIS TYPE OF VOTE. IN THE CASE OF THE TKPOA, THAT IS AT LEAST 509 MEMBERS.

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By Keiron McCammon, Board Treasurer IT IS THAT TIME OF YEAR where the Board has to approve the assessment fees and budgets for 2021.

Building the budget for our Association is a long and involved process that kicked off in May with our General Manager, Accounting Manager, Board Subcommittee, Cove Advisors, and Finance Committee, all working on forecasting operating expenses for next year and updating our thirty-year reserve plans.

These numbers dictate our quarterly assessment fees for the Common, Water Company, Water Quality, and Channel and Lagoons individual budgets and reserves along with the sixteen individual budgets and reserves for each of our separate townhomes and subdivisions.

This year is my first year jumping into the middle of this undertaking. I must compliment our staff, Finance Committee members, and my predecessor, Jim Siegfried, for driving this process year-in, yearout.

On October 21st, during the Board of Directors Regular Board Meeting, the Board approved the 2021 budget.

The quarterly assessment fee for most members next year will be $735 versus $693 for this year.

An increase of a little over 6% compared to the near 11% increase we saw from 2019 to 2020. The table below gives a breakdown of this fee, and the year-over-year (YoY) increase: QUARTERLY ASSESSMENT FEE COMMON

CHANNEL AND LAGOONS

2021

YOY

2021

Operating

$303

0.3%

$-

Reserves

$62

10.7%

$71

Subtotal

$365

2.0%

$71

YOY

WATER COMPANY

WATER QUALITY

TOTAL

2021

YOY

2021

YOY

2021

DELTA

YOY

$104

1.0%

$98

19.5%

$505

$18

3.7%

24.6%

$79

3.9%

$18

5.9%

$230

$24

11.7%

24.6%

$183

2.2%

$116

17.2%

$735

$42

6.1%

Over the last two years, our assessment fees have increased double-digits year-over-year, on top of the two Water Quality Special Assessment payments ($400 each) to date, with a third payment scheduled for 2021 of up to $600.

In running for election to the Board, one of my goals was to find ways to reduce costs and avoid another double-digit increase for the third year in a row. I will honestly say my results have been mixed.

CONTINUED ON PAGE 20 Keys Breeze

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NOVEMBER 2020

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19

2021 ASSESSMENT FEES AND BUDGETS CONTINUED FROM PAGE 19

We face several challenges going into 2021

First and foremost, with Measure T coming into full effect, the number of active vacation home rentals (VHRs) will significantly decline throughout the next year. This decline means less income from VHR permits, along with less revenue from selling recreation passes to those VHR guests that wish to use our facilities. If we didn’t find ways to reduce costs somewhere, all homeowners would have to make up this shortfall through an even bigger increase in our assessment fees. And since there will be some vacation rental activity next year, we arguably can’t cut all incremental costs specific to VHRs until 2022.

Second, there have been numerous requests from homeowners that do not reside on our waterways to reinstate the 50% reduction in Water Quality fees that had been in place until 2017. After reviewing these requests, the Board felt that a subset of these homeowners (those that do not reside on our waterways or Lake Tallac and are not members of the Tahoe Keys Beach & Harbor Association) truly do not benefit as much as other homeowners from our water quality and weed harvesting efforts.

To this end, the Board decided that 105 homeowners will receive a 50% reduction in their Water Quality fees for 2021. For these members, the quarterly assessment fee will be $677. The one four-plex and three duplex homeowners that are also considered landlocked will see a quarterly assessment fee of $925 and $770, respectively.

This reduction will be something that the Board will continue to reassess each year.

To partially address these reductions in income, the Board has approved limited services reductions. Mostly to those services closely tied to the costs incurred due to vacation rentals.

The first is a reduction in security patrol hours. Instead of starting at 8:00 am, our security patrols will commence at 10:00 am. These hours will be adjusted for peak holidays like July 4th and New Year’s, as we do today, to ensure we have extended coverage during those times.

The second reduction is to the front desk office hours at the weekends.

With fewer VHR guests expected, front desk office hours will be reduced to four hours a day on Saturdays and Sundays, rather than eight hours a day.

The third reduction is to close our indoor pool on Tuesdays for 32 weeks of the year between September and May, major holidays excluded. It was debated whether we should close the pool early at 8:00 pm versus 10:00 pm or close one day a week. After hearing feedback from members during several Board meetings, the Board decided that closing one day a week would be less impactful to homeowners.

The fourth reduction is to eliminate the outdoor pool attendant Monday to Thursday during the summer months when this pool is open. We will still have an attendant on Fridays, Saturdays, and Sundays.

These reductions will help reduce our operating costs through next year, along with various smaller cost reductions identified by our staff.

Keys Breeze

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NOVEMBER 2020

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20

Unfortunately, these changes alone were not enough to bring the assessment down to an acceptable level for a majority of the Board. The Board was split as to whether we should be making further changes (or even if we should be making the reductions outlined above).

The subsequent reductions were hard to contemplate because they impact our staff directly.

The fifth reduction is to implement a one-off wage freeze for all non-minimum wage employees for 2021. Minimum wage employees will receive the state-mandated increase from $13 per hour to $14 per hour. This action was against the Finance Committee’s recommendation but was supported by a majority of the Board.

The sixth reduction was to eliminate hiring an Administrative Clerk, a position that has been unfilled since May this year. This effective elimination in staff means that our General Manager and Operations Manager will continue to share this administrative burden next year. Again this action was not supported by all Board members but was supported by a majority.

These six changes, along with numerous smaller savings, resulted in the ninth draft of the 2021 budget that the Board approved on October 21st for a quarterly assessment fee of $735.

Along with this approval came the approval of the assessments and reserve plans for each of our separate townhomes and subdivisions. Their quarterly assessments will range from $735 to $2,848. Unfortunately, a couple of our Coves face double-digit increases next year, mainly due to the funding needed for reserve projects.

The “Annual Budget Report” and “Annual Policy Statement” will be included in the Association’s Annual Disclosure that will be distributed by mail in November, unless you have given written consent that such documents and disclosures can be sent electronically—something I highly encourage to help us save some trees and money on printing and postage.

Next month, I’ll further break down the budget, looking at the increases related to our reserves versus increases due to the shortfall in income from operations. You can also review the approved 2021 Budget on the TKPOA website, www.tkpoa.com.

The Board and staff remain committed to finding additional efficiencies and savings from here on out; our efforts don’t stop just because the budget has been set. I want to encourage all homeowners to help us find ways to be smarter with your money.

Feel free to email me if you have any suggestions.

If you have any concerns or questions about any of the above, I’m always open to hearing from homeowners, good or bad; we are here to serve you. You can email me at keiron@mccammon.me.

Keys Breeze

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NOVEMBER 2020

The “Annual Budget Report” and “Annual Policy Statement” will be included in the Association’s Annual Disclosure that will be distributed by mail in November, unless you have given written consent that such documents and disclosures can be sent electronically—something I highly encourage to help us save some trees and money on printing and postage. |

21

TKPOA Maintenance & Landscaping Departments

By Tom Callahan, Facilities Manager

THE TAHOE KEYS PROPERTY OWNERS ASSOCIATION (TKPOA) Maintenance Department staff is comprised of two full time, year around technicians and two full time, seasonal employees who are primarily responsible for general maintenance, repair, and preventative maintenance in common and townhome areas. We respond to all building and facility related safety and maintenance concerns. The department maintains the common areas by performing various tasks in a variety of trades including carpentry, plumbing, electrical, trash patrols, tree removal, snow removal, and painting to ensure attractive and well-maintained facilities. Areas we are responsible for include all common areas, which are made up of 12 parks, six tennis courts, four pickle ball courts, indoor and outdoor pools, children’s playground, three basketball hoops, the Pavilion building, Pavilion beach, pier, Lighthouse Shores (LHS) gates, LHS Lot A & Lot C and beach. Additionally, we provide some wildlife management (geese patrol). We also help maintain the camera system for Security and the key card system for all access gates. The West and East channel on shore navigation lights are also maintained by our maintenance team.

Keys Breeze

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NOVEMBER 2020

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22

In addition to these maintenance duties, a large responsibility for our department includes trash removal and doggie pot patrols. Trash management and overall maintenance issues has been a huge challenge for us in 2020 with the increased traffic of the homeowners and their guests during this COVID-19 summer! We patrol 23 dumpsters and 25 trash/dog waste cans every morning Monday through Friday.

All indoor and outdoor pool heaters, pumps, filters, and other equipment must also be maintained throughout the year. In the summer season, the Maintenance Department is responsible for cleaning and pool chemical balancing for the outdoor pool.

We work closely with the Cove Advisors from the townhomes to maintain the 335 townhome condominiums and their common areas.

All work performed is charged through a work order process. We are responsible for managing a work order process for the cove advisors. We also oversee some of the reserve projects that are approved by the cove advisors. As the Facilities Manager, I am responsible for negotiating contracts and overseeing all landscaping & snow removal contractors for the townhomes, as well as Lighthouse Shores. Working with the Cove Advisors to ensure these services are delivered as contracted.

It has been and will always be my goal as Facilities Manager to be responsive to the requests of the TKPOA and be proactive in identifying areas that can be improved and kept in good working order. The Maintenance Department is responsible for the snow removal for the common area parking lots and walkways. Working in tandem with the Tahoe Keys Water Company in this regard.

Keys Breeze

The TKPOA Landscaping Department cleans, mows, edges, and maintains over one million square feet of common areas from spring to fall seasons. This breaks down into over 30 individual parcels. There are four very large parks and walkways along Ala Wai Boulevard, five large parks along Venice Drive, two parks on Texas Drive, two parks near Danube Drive, and several smaller parks in the Keys. The landscaping crew consists of four full time, summer seasonal landscapers and one full time, year-round supervisor assists with snow removal, landscaping equipment maintenance, and vehicle maintenance in the winter months and other maintenance tasks. Irrigation systems and all planters are also maintained throughout the common areas. There are 11 separate medians along Tahoe Keys Boulevard and Ala Wai Boulevard that are owned by the City of South Lake Tahoe. We manage the drip irrigation on City medians #1 –11, beginning at the Tahoe Keys Monument entry sign and maintain these medians to a natural state. This summer we have installed a paver walk and Rose Garden in the Capris Drive Park. We have also added bicycle racks, park benches, and performed some tree removals.

The goal for the Landscaping Department is to continually improve the overall curb appeal of the Keys community while, at the same time, being conscious of the irrigation guidelines while reducing water consumption.

Both the maintenance and landscaping departments currently work out of the Corporation Yard at the end of 2266 Dover Drive. We have completed the process of designing a new facility, and hope to break ground in 2021 for a new building on Venice Drive, near the entrance to the Tahoe Keys Marina and Yacht Club (TKM) & (YC). |

NOVEMBER 2020

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23

The following are the summarized financial results from 2015–2020 for both Departments: ANNUAL COST – SUMMARY

2015

2016

2017

2018

2019

2020

Actual

Actual

Actual

Actual

Actual

Budget

$-

$-

$-

$-

$-

$-

Wages/Benefits

$189,811

$211,506

$210,038

$225,091

$212,127

$250,140

Maintenance Service Billing to Other

$(32,312)

$(73,128)

$(35,212)

$(56,011)

$(36,661)

$(61,200)

Supplies

$28,263

$15,488

$11,275

$20,485

$18,851

$18,000

Vehicle Expense

$9,964

$12,095

$12,577

$12,050

$9,517

$12,000

OTHER – Summary

$18,146

$16,974

$21,098

$12,676

$24,273

$22,401

Total Expenses

$213,872

$182,935

$219,776

$214,291

$228,107

$241,341

$(213,872)

$(182,935)

$(219,776)

$(214,291)

$(228,107)

$(241,341)

2015

2016

2017

2018

2019

2020

Actual

Actual

Actual

Actual

Actual

Budget

$-

$-

$-

$-

$-

$-

Wages/Benefits

$83,926

$94,497

$89,756

$120,569

$118,017

$126,526

Supplies

$24,933

$20,940

$10,519

$23,103

$22,507

$25,000

Vehicle Expense

$2,790

$5,027

$4,709

$11,235

$13,819

$5,000

OTHER – Summary

$15,662

$4,452

$7,356

$14,501

$16,631

$13,430

Total Expenses

$127,311

$124,916

$112,340

$169,408

$170,974

$169,956

$(127,311)

$(124,916)

$(112,340)

$(169,408)

$(170,974)

$(169,956)

Maintenance Department INCOME

EXPENSES

Net Income/(Loss)

ANNUAL COST – SUMMARY Landscaping Department INCOME

EXPENSES

Net Income/(Loss)

Since December of 2014, I have been working as the Maintenance and Landscaping Manager. Beginning in 2017, I have taken on the additional responsibility of all recreational amenity management as Facilities Manager. I will be reporting on the Recreation Department in a future article.

It is my pleasure to work here at the TKPOA. I have been a resident of South Lake Tahoe for over 30 years and there is no place that I would rather be!

Thank you for your support.

Tom Callahan

FACILITIES MANAGER - TKPOA

Keys Breeze

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NOVEMBER 2020

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24

2021 ACC APPLICATION SUBMITTAL SCHEDULE Submittal Deadline (Wednesday prior to the meeting)

ACC Meeting Dates (Tuesdays)

December 30, 2020

January 5

January 27

February 2

February 24

March 2

March 31

April 6

April 14

April 20

April 28

May 4

May 12

2020 ARCHITECTURAL CONTROL COMMITTEE MEETING SCHEDULE JANUARY 14

FEBRUARY 11

MARCH 10

APRIL 14 & 28

MAY 12 & 26

JUNE 16 & 30

May 18

JULY 14 & 28

AUGUST 11 & 25

SEPTEMBER 15 & 29

May 26

June 1

OCTOBER 13

NOVEMBER 10

DECEMBER 8

June 9

June 15

June 30

July 6

July 14

July 20

August 4

August 10

August 18

August 24

September 8

September 14

September 22

September 28

October 6

October 12

November 3

November 9

December 1

December 7

Keys Breeze

IMPORTANT! ACC Meetings have been moved from Mondays to Tuesdays for 2020.

All meetings are held at the Pavilion and begin at 9:00 a.m. unless otherwise posted. ACC application submittals are due by Wednesday prior to the meeting date. For more information please contact Linda Callahan, ACD Manager, at (530) 542-6444, ext. 239, or lcallahan@tahoekeyspoa.org.

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NOVEMBER 2020

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2021 INDOOR POOL SCHEDULE BEGINNING NOVEMBER 1ST, 2020, the Tahoe Keys Property Owners Association (TKPOA) will provide indoor pool

access for the following operating hours: Monday through Sunday 6:00 am to 9:45 pm The following Tuesdays, the indoor pool will be closed due to 2020 Annual Operating Budget Expense Requested Savings: #

MONTH

DATE

DATE

1

November

11/3/2020

Closed — Tuesday

2

November

11/10/2020

Closed — Tuesday

3

November

11/17/2020

Closed — Tuesday

4

November

11/26/2020

Closed — Thanksgiving

5

December

12/1/2020

Closed — Tuesday

6

December

12/8/2020

Closed — Tuesday

7

December

12/15/2020

Closed — Tuesday

8

December

12/24/2020

Time Change — 6:00 am to 5:00 pm

9

December

12/25/2020

Closed — Christmas Day

10

December

12/31/2020

Time Change — 6:00 am to 5:00 pm

The indoor pool will be closed additional dates in 2021 due to 2021 Annual Operating Budget Expense Approved Savings. The indoor pool operating hours will remain the same: #

MONTH

DATE

#

MONTH

DATE

1

January

1/5/2021

17

May

5/11/2021

2

January

1/12/2021

18

May

5/18/2021

3

January

1/19/2021

19

May

5/25/2021

4

January

1/26/2021

20

September

9/14/2021

5

February

2/2/2021

21

September

9/21/2021

6

February

2/9/2021

22

September

9/28/2021

7

March

3/2/2021

23

October

10/5/2021

8

March

3/9/2021

24

October

10/12/2021

9

March

3/16/2021

25

October

10/19/2021

10

March

3/23/2021

26

October

10/26/2021

11

March

3/30/2021

27

November

11/2/2021

12

April

4/6/2021

28

November

11/9/2021

13

April

4/13/2021

29

November

11/16/2021

14

April

4/20/2021

30

November

11/30/2021

15

April

4/27/2021

31

December

12/7/2021

16

May

5/4/2021

32

December

12/14/2021

For more information and to purchase recreational passes and pool passes please contact the TKPOA front desk at (530) 542-6444 Monday through Sunday, Friday 8:30 am–4:30 pm for the remainder of 2020. Additional information can be found on the TKPOA website at www.tkpoa.com. TKPOA Security is available at (530) 545-0847 Monday through Sunday.

Keys Breeze

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NOVEMBER 2020

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MAIL PAYMENTS TO:

Tahoe Keys POA P.O. Box 1026 Roseville, CA 95678-8437

Quarterly statements are mailed out as a courtesy, however, assessment payments are due even if the statement is not delivered by your mail courier.

THE ASSESSMENT PAYMENT SCHEDULE is located towards

the back of every Keys Breeze issue.

Assessments are due on a quarterly basis as indicated in the assessment payment schedule. No other payment plans have been approved by the board, so please pay your assessment in full according to the schedule.

QUARTERLY DUE ASSESSMENT

Qtr 1 Qtr 2 Qtr 3 Qtr 4

Jan. 1

April 1

July 1 Oct. 1

LATE FEE APPLIES AFTER

Jan. 30 April 30 July 30 Oct. 30

Meetings and Approvals

At the October 21st, 2020 Open Board Meeting, the TKPOA Board of Directors approved the TKPOA 2021 Annual Budget, approved the August Financial Statements, reviewed homeowner delinquent accounts and scheduled disciplinary hearings on delinquent accounts. There were no approvals for lien notices for delinquent homeowners to review. Disciplinary hearings are generally held when a homeowner is delinquent on two quarterly assessments.

Keys Breeze

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The TKPOA 2021 Annual Disclosure and Budget was mailed out October 30th, 2020 and is also available on the TKPOA website. 477 homeowners opted to have the TKPOA 2021 Annual Disclosure and Budget sent to them via email rather than a hard copy in the mail. This is a 52% increase over last year and gives the TKPOA a savings on printing and mailing costs. If you also wish to participate in helping the Association to save money, you will find the “Consent to Receive Disclosures via Electronic Delivery� in the Annual Disclosure. Simply complete the form and return it to the Association at TKPOA, 356 Ala Wai Blvd., South Lake Tahoe, CA 96150.

On October 20th, 2020, the Finance Committee reviewed and approved the August Financial Statements, reviewed, and set for further discussion, a possible credit to TKPOA members due to the surplus from the sale of the lot on Lake Tallac. The next meeting for the Finance Committee is scheduled for Tuesday, November 17th, 2020.

As a reminder, the Budget meetings, the Board meetings, and the Finance Committee meetings, and are open to members of the TKPOA (meeting dates are subject to change).

NOVEMBER 2020

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TAHOE KEYS PROPERTY OWNERS ASSOCIATION OPERATING AND RESERVE FUND BALANCE RESULTS AS OF AUGUST 31, 2020 (ACCRUAL BASIS)

Annual Expense Budget % Remaining Budget

Operating Funds (Year to Date) FUND

INCOME

EXPENSE

NET INCOME

BUDGETED EXPENSE

%

Reserve Funds (YTD) NET INCOME

TKPOA COMMON $1,953,968

$1,312,253

$641,714

$2,285,346

42.6%

$209,609

Water Quality

385,032

325,827

59,205

528,161

38.3%

435,966

Water Company

462,496

458,537

3,959

657,859

30.3%

-26,829

$2,801,495

$2,096,617

$704,878

$3,471,366

39.6%

$618,746

Common

TKPOA TOTALS

SUBDIVISIONS Cove 1

$51,434

$45,976

$5,458

$69,043

33.4%

(36,426)

Cove 2

47,658

41,150

6,508

63,052

34.7%

36,630

Cove 2A

72,899

68,824

4,074

95,611

28.0%

(22,642)

Cove 3A

56,253

44,199

12,054

72,940

39.4%

41,556

Cove 3B

47,566

46,426

1,141

63,545

26.9%

26,174

Cove 3C

96,516

84,767

11,749

131,063

35.3%

(21,472)

Cove 4

39,974

32,298

7,676

54,785

41.0%

(96,122)

Cove 5

196,545

174,042

22,502

249,791

30.3%

82,884

Islanders I

24,300

22,361

1,939

33,111

32.5%

3,063

Islanders II

45,101

47,468

(2,367)

60,961

22.1%

35,093

Islanders III

94,550

81,665

12,885

120,461

32.2%

33,931

Tahoe Marina Shores

133,703

114,683

19,019

167,149

31.4%

1,558

26,754

21,225

5,528

37,769

43.8%

(93,456)

PineStone East

758

804

(47)

1,242

35.2%

83,717

PineStone West

580

537

44

807

33.5%

1,438

2,243

1,968

275

2,961

33.5%

11,854

$936,832

$828,394

$108,438

$1,224,291

32.3%

87,780

$3,738,327

$2,925,011

$813,316

$4,695,657

37.7%

$706,525

12

33.3%

Lighthouse Shores

PineStone 3 SUBDIVISION TOTALS ASSOCIATION TOTALS

4

Operating Months Remaining Keys Breeze

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NOVEMBER 2020

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28

TAHOE KEYS PROPERTY OWNERS ASSOCIATION OPERATING AND RESERVE FUNDS NET INCOME RESULTS AS OF AUGUST 31, 2020 (ACCRUAL BASIS)

FUND

OPERATING

RESERVE

TKPOA $353,186

$991,636

$-

$377,360

Water Quality

$213,942

$440,831

Water Company

$44,744

$492,772

TKPOA TOTALS

$611,872

$2,302,598

Common Com—Channel and Lagoons

SUBDIVISIONS Cove 1

$37,493

$179,817

Cove 2

45,893

177,167

Cove 2A

15,479

328,780

Cove 3A

14,158

268,062

Cove 3B

$(3,555)

239,777

Cove 3C

25,352

363,163

Cove 4

44,077

227,397

Cove 5

$(29,566)

$942,850

Islanders I

27,653

248,464

Islanders II

5,534

148,793

Islanders III

13,400

498,195

Tahoe Marina Shores

51,451

83,041

Lighthouse Shores

37,070

187,936

PineStone East

7,033

157,063

PineStone West

3,089

12,357

PineStone 3

25,894

54,549

SUBDIVISION TOTALS

$320,455

$4,117,410

ASSOCIATION TOTALS

$932,327

$6,420,009

Keys Breeze

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NOVEMBER 2020

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ELECTRONIC COMMUNICATIONS

By Heather Blumenthal, Operations Manager EACH YEAR IN OCTOBER, TKPOA conducts a mailing

to each member for their copy of the Annual Disclosure. This 80+ page document includes the upcoming year’s Operating Budget, Notice of Assessment Increases, Budget and Assessment Summary, Annual Update of TKPOA’s Reserve Study, and other pertinent required information for members of the TKPOA as we prepare to go into a new year. This mailing is a requirement of Civil Code §4040 for Homeowners Associations.

In 2019, the costs for printing and mailing the Annual Disclosure to members of the TKPOA who had not submitted an authorization to receive the Disclosure electronically totaled approximately $9,000. Updates to the Civil Code requirements has allowed for Associations to provide members their Annual Disclosure via electronic delivery, such as email, as long as the member has provided the Association with a completed and signed “Consent to Receive Disclosures via Electronic Delivery” Form.

This year, TKPOA received a total of 477 “Consent to Receive Disclosures via Electronic Delivery” forms from members in time for the mailing of the 2021 Annual Disclosure. On October 28th, 2020, these 477 members went sent an email with a link to their copy of the 2020 Annual Disclosure, resulting in an approximately $1,000 savings in printing and mailing costs after the remaining 1,052 Disclosures were mailed (compared to the mailing of the 2020 Annual Disclosure).

Keys Breeze

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TKPOA realized approximately $3,000 in savings for last years mailing of the 2020 Annual Disclosure (compared to the mailing of the 2019 Annual Disclosure in 2018) based on the initial start of electronic delivery for Disclosures and consent from 314 members to receive Disclosures via email as of October 31st, 2019.

In order to continue to realize these cost savings, TKPOA needs more members to sign up to receive their Annual Disclosures, and other communications via electronic delivery (email) as allowed by law.

Examples of other electronic communications you may receive from TKPOA include email eblasts that get you the latest and greatest information on topics such as TKPOA Board Meetings, Town Hall Forum Announcements, Weed Harvesting Schedules, current and upcoming projects, Board Elections, etc.

The “Consent to Receive Disclosures via Electronic Delivery” form can be found on the TKPOA website www.tkpoa.com, requested from the front desk at info@tahoekeyspoa.org, or requested in person at the TKPOA Pavilion Office. Completed and signed forms should be returned to the TKPOA Office at 356 Ala Wai Blvd, South Lake Tahoe, CA 96150. Contact the front desk with any questions at (530) 542-6444.

Please join us in our efforts in saving one tree at a time and a potential annual savings of $10,000–$12,000 for the Association!

NOVEMBER 2020

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30

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Tahoe Keys Real Estate Expert and Resident CalBRE# 00923047 CalBRE# 00923047

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Call or email me and I can quickly PeterDeLilli3@gmail.com PeterDeLilli3@gmail.com tell you the value of your property.

PeterDeLilli.com for all Tahoe Keys properties PeterDeLilli.com for all Tahoe Keys properties

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NOVEMBER 2020

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Mike Sells the Tahoe Keys Representing Buyers and Sellers...

I sold all of these Tahoe Keys Homes.

If you are looking for a hard working realtor who knows the Tahoe Keys market, give me a call.

I will tell you over the phone what your home is worth!

MIKE WYATT 530-545-1735 TahoeKeys@hotmail.com MyTahoeKeysRealtor.com BRE# 01228040