Organization: ENCHANTED LAKE RESIDENTS ASSOCIATION
Mission: TO MANAGE AND MAINTAIN COMMUNITY LAKE.
Activities: IN A PRIOR FISCAL YEAR THE ORGANIZATION, AS A PLANTIFF, SETTLED A SIGNIFICANT PROPERTY DAMAGE CLAIM FOR THIRD PARTY SILTATION AND POLLUTION OF ITS PRIVATE RECREATION LAKE. THE PROCEEDS WILL BE USED TO MITIGATE THE DAMAGE OVER THE NEXT SEVERAL YEARS.DURING THE CURRENT FISCAL YEAR THE ORGANZATION TOOK DELIVERY OF CUSTOM BUILT EQUIPMENT TO REMOVE ALGAE, SEAWEED, AND OTHER POLLUTANTS FROM THE LAKE. THE DELIVERED COST OF THE EQUIPMENT WAS $110,812. IN ADDITION THE ORGANIZATION CONTINUED WITH THE PLANNING AND PERMITTING PHASE OF A PLANNED DREDGINNG OF THE LAKE. $9,219 WAS PAID ON OUR CONSULTING CONTRACT IN THE CURRENT FISCAL YEAR.
IN THE IMMEDIATELY PRIOR YEAR,IN ORDER TO INSURE THE VIABILITY OF THE DREDGING PROJECT MENTIONED IN 4A AND PROVIDE FOR POTENTIAL RELATED MEMBER CLAIMS, THE ORGANIZATION TRANFERRED $550,000 TO A SECTION 463B QUALIFIED SETTLEMENT FUND.
THE ORGANIZATION CONTINUED TO MANAGE, MAINTAIN, SECURE, AND INSURE ITS PRIVATE COMMUNITY LAKE FOR THE RECREATIONAL USE AND ESTHETIC BENEFITS OF ITS MEMBERS.
NTEE category: Mutual & Membership Benefit
Secondary category: Recreation & Sports