LFPOA Mission Statement:

Our mission is to protect and enhance the value of our properties while fostering a vibrant and connected community. We are committed to actively listening to the needs of our residents, building lasting relationships, and creating a strong sense of trust. By encouraging the use and enjoyment of our shared amenities, we strive to bring the community closer together and make Lake Forest a place where every homeowner feels valued and at home.

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LFPOA Vision Statement:

We envision Lake Forest as a thriving, well-maintained community where residents take pride in their properties and each other. Through open communication, trust, and strong community engagement, we strive to create a welcoming environment where neighbors connect, relationships flourish, and our shared amenities enhance the quality of life for all. Our vision is to build a lasting legacy of unity, security, and prosperity for current and future residents.

 

Executive Summary

The Lake Forest Property Owners Association's 5-Year Capital Improvement Plan (CIP) outlines a strategic investment in infrastructure, amenities, and community enhancements from 2025 to 2030. This plan aims to preserve and enhance key assets, ensuring long-term sustainability and improved quality of life for all residents.

 

Over the next five years, the association will undertake significant projects, including renovations to the 19th Hole facility, major golf course and tennis court improvements, sluice gate and dam modifications, and upgrades to pools, signage, and recreational spaces. Additional investments focus on security enhancements, roadway resurfacing, and environmental initiatives such as solar energy installations and drainage improvements.

 

Funding for these improvements will come from HOA fees, reserve funds, and other revenue sources. A structured oversight process is in place to ensure transparency, accountability, and adherence to project timelines.

 

By proactively investing in infrastructure and community spaces, the CIP is designed to enhance property values, foster greater community engagement, and deliver lasting benefits for all residents. These improvements will help ensure that Lake Forest remains a premier community for generations to come.

 

Planning and Prioritization Process

The planning and prioritization of capital improvements are guided by a systematic approach to ensure that community needs are met efficiently and effectively. The process includes:

 

1. Assessment of Current Infrastructure and Amenities

• Conducting comprehensive evaluations of existing facilities, roadways, and amenities to identify improvement areas.

• Engaging professional consultants and Engineers to assess long-term infrastructure sustainability.

2. Community Input and Feedback Mechanisms

• Hosting town hall meetings, surveys, and focus groups to gather resident feedback on community priorities.

• Establishing an advisory committee of board members and residents to ensure transparency and representation.

3. Criteria for Project Selection and Prioritization

• Evaluating projects based on urgency, community impact, cost-effectiveness, and alignment with long-term strategic goals.

• Prioritizing safety-related projects, followed by maintenance and enhancement initiatives that provide long-term value.

• Ensuring projects address environmental sustainability and regulatory compliance.

4. Coordination with Local Government and Agencies

• Collaborating with municipal authorities for permits, approvals, and potential cost-sharing opportunities.

• Seeking grants and funding from state and federal programs to supplement HOA resources.

5. Implementation Strategy

• Developing a phased approach to project execution, ensuring minimal disruption to residents.

• Establishing accountability measures, including progress reporting and financial oversight, to maintain transparency.

 

III. Capital Improvement Projects Overview

Year 1 (2025) – Foundation & Immediate Needs

• Capital Expenditures:

  • 19th Hole exterior siding - $156,260

  • 19th Hole and Clubhouse roof - $120,000

• Amenity Improvements:

  • Sluice box modification - $12,000

  • Driving range concrete slab - $3,400

  • Golf course drainage and general improvements - $17,000

 

NOTE: The following items have not been approved or voted upon at this time. These items will be voted upon when the new budget is approved.

Also, any money left over in the budget for capital projects will be moved to the following year’s budget.

 

Year 2 (2026) – Community Enhancements

• Capital Expenditures:

  • 19th Hole interior renovations - $150,000

• Amenity Improvements:

  • Resurface 2 asphalt courts - $25,000

  • Cover driving range slab - $5,000

  • Golf course drainage and general improvements - $25,000

Year 3 (2027) – Infrastructure & Sustainability

• Capital Expenditures:

  • Build 19th Hole addition - $500,000

• Amenity Improvements:

  • Replace all entrance and directional signs & upgrade entrance landscaping - $75,000

  • Golf course drainage and general improvements - $25,000

Year 4 (2028) – Growth & Modernization

• Capital Expenditures:

  • Replace sluice gate valve - $100,000

  • Modification to top of the dam (increase by 2 feet) - $100,000

• Amenity Improvements:

  • Repair 4 clay courts - $50,000

  • Golf course drainage and general improvements - $25,000

Year 5 (2029) – Long-Term Improvements

• Capital Expenditures:

  • Pools, pool buildings, surrounding areas, and pool furniture - $125,000

• Amenity Improvements:

  • Purchase new seating for tennis courts - $25,000

  • Replace or repair tennis court fencing - $25,000

  • Golf course drainage and general improvements - $25,000

 

Budget & Funding Strategy

The total budget for the 5-Year Capital Improvement Plan is structured to ensure financial sustainability while addressing the community's evolving needs. Funding sources include HOA fees, reserve funds, and other revenue streams. Additionally, the association will explore cost-sharing opportunities with local government agencies and private sector partners to maximize financial efficiency. A key focus will explore external funding through grants and sponsorships to alleviate financial pressure on residents. The financial strategy will also involve phased budgeting to ensure that high-priority projects receive immediate funding while allowing flexibility for future adjustments. Establishing and maintaining a dedicated reserve fund will be crucial to address unexpected contingencies and long-term maintenance needs, ensuring the community remains well-equipped for future developments. Since the budget is reviewed annually, capital projects will continuously be updated to reflect current financials and priorities.

 

Implementation & Accountability

Implementation of the CIP will follow a structured approach to ensure timely completion and responsible management. A dedicated oversight committee will monitor project execution, budget adherence, and effectiveness. Regular progress updates will be shared with residents through community meetings, newsletters, and digital platforms. Performance metrics will be developed to measure success, ensuring projects align with the association’s strategic goals, mission, and vision.

 

Conclusion

The 5-Year Capital Improvement Plan serves as a strategic roadmap for the continued growth and enhancement of the Lake Forest community. Through thoughtful planning, prioritization, and a well-structured funding strategy, this plan ensures that essential infrastructure and amenities are maintained and improved to meet the evolving needs of residents. The association is committed to preserving property values and enhancing the overall quality of life by fostering transparency, encouraging community engagement, and optimizing financial resources. This plan lays the foundation for long-term success, ensuring Lake Forest remains a vibrant, desirable, and thriving community for generations to come.