From the General Manager

September

From the General Manager, Mark Reid

As summer winds down and the Lakewood children go back to school, I want to take a moment to thank all the teens and young adults that provided us much needed summertime help in the areas of Administration, Community Services, Swimming Pools, Snack Bar, Argyle and Golf Course and LPOA maintenance. Your services are much appreciated and a vital part of how we accommodate our members during the busy summer season. We wish you a fantastic and successful school year.

From our By-laws, the 1982-1984 = 100 U.S city average Consumer Price Index for all urban consumers rose in July to 296.276 from the preceding July reading of 273.003. This represents an 8.52% year over year inflationary increase. In terms of understanding the impact of inflation in regard to the CPI, what one could purchase for $1.00 in 1984 would now cost $3.00 ($2.96 to be exact) in 2022. The 8.52% will be the baseline for our 2023 dues calculation this fall. The Lakewood Declarations of Covenants, Conditions and Restrictions gives the Board of Directors the fiduciary duty to keep up with inflation as well as increase dues an additional 1/2 of the year over year increase (4.26%) to provide the community with funds for improvement. We were pleased that the CPI actually decreased fractionally from June to July. We hope this trend will continue. However, we are aware that the small decline was a result of fuel costs declining but the cost of food is still climbing. These are major expenditure items that affect all of us. We are now beginning our 2023 budget development process. You will get much more information as we communicate the recommendations from our committees and parcels during this transparent process in the months of October and November. A big thank you to all of our members who took the time to send us their Lakewood Improvements Program (LIP) request(s). This is a great way for Staff, Committees and Board to hear what our members want for their community.

Looking forward to a beautiful fall season in Lakewood.

In This Issue

5 From the General Manager 6 From the Boardroom 6 Board Meeting Minutes 8 Calendar of Events 10 Welcome New Residents 11 Swim Team Champions 13 Event Calendar 13 Not-So-Scary House Hunt 14 Artist Series 18 Concert on the Rock Recap 20 Clubs 21 Resource Directory 22 August Maintenance Update 22 July Community Service Report