07-28-1993 Council Agenda - Laserfiche WebLink

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Mr. Leonard W. Pratt May 26, 1993 Page 3 restrictions of that sort are not considered unusual in townhouse documents and because you will have in place a board of homeowners which can monitor and react to particular circumstances. City Involvement. Remember also that the City will make review of the covenants a condition of its approval of the plat. If the City wishes, we could make City approval an additional requirement for any amendment which would increase the number of slips and so forth. Effective Enforcement. I believe another concern was raised by one of the neighbors to the effect that townhouse associations don't always do their job. It's true. There are homeowner association boards that are so passive or fearful that they are not consistent in enforcing their own documents. In my experience, however, ineffective, passive boards of directors are found only in lower priced projects, and typically those that have a high proportion of renters. There is no better predictor of whether a board will be active and engaged than the average value of the homes. I can virtually guarantee that in a townhome development such as you propose for this site, you will have very active members and directors. Each of the homeowners will have a substantially above - average investment in their home, they will have chosen to live here because they appreciate the quiet beauty of this small lake and they will not need to be told that their own tranquility as well as the value of their investment will depend upon vigilant management of the property. In short, I think you can offer the neighbors on the lake the comfort that a well -drawn set of townhouse restrictions, which recognizes the concerns of all of the residents on the lake, will protect the character of Twin Lake better than a new single family development. NWG /jah /3046p Yours truly,_` C 4---) N. Walter Graff Page 75