Lake

Lake DeTurk
DeTurk
Conservancy
Conservancy District
District

Shireman Estates
5.10.2011
 Why
Why Form
Form aa Conservancy
Conservancy District?
District?
• Long term solution to maintaining & improving
neighborhood amenities
• Flood/Dam Control
• Lake/Beach/Playground Maintenance
• Multiple but Limited Purposes (less authority than a
homeowner’s assoc.) The CD will be subject to
Indiana’s Open Door Laws and the Access to Public
Records statute. 
• Liability – if someone wants to sue, it is like suing the
government
 Why Form a Conservancy District?
• Funding availability (grants) to finance major
projects like silt removal, dam repairs, etc.
• Residents control the neighborhood/
limit access to beach & playground to
property owners
• Election of 5 or 7 board members (4 year term)
• A well maintained lake/amenities preserves
property values and quality of life
 BUDGET ESTIMATE
LINE ITEM ANNUAL AMOUNT
MOWING $ 7,000
LAKE MAINTENANCE 15,000
BEACH MAINTENANCE 2,500
PLAYGROUND MAINTENANCE 2,500
INSURANCE 7,200
LEGAL SERVICES 2,000
FINANCIAL CONSULTANT SERVICES 750
DAM INSPECTION 1,500
PUBLICATION OF LEGAL NOTICES/POSTAGE 350
REPAIRS/STRUCTURES/DAM 2,500
CONTINGENCIES 1,000
FUTURE CAPITAL PROJECTS (e.g. playground equip) 5,000
TOTAL
$ 47,300
 HOW MUCH WILL IT COST ME?
TOTAL EST. ANNUAL BUDGET $47,300
GROSS ASSESSED VALUATION $40,718,900
TAX RATE 0.00116162273
Example:
Gross Assessed Value $225,000 $175,000 $100,000
Annual Assessment $261 $203 $116
PAYABLE IN 2 INSTALLMENTS TO COUNTY TREASURER (MAY & NOV)

HOW DOES THAT COMPARE? Lake Edgewood tax rate: .0040199

(246% higher)
Foxcliff South $556
Foxcliff North $1,350
Painted Hills $750
 STEPS TO ESTABLISH
• Identify freeholds and freeholders
• Get freeholder signatures on petition (must 30%)
• Submit petition to Circuit Court
• Circuit Court Hearing
• IDNR Commission Hearing
• Circuit Court hearing on IDNR Commission findings
• County Commissioners appoints initial Board
• Board prepares a district plan
• IDNR Commission reviews/approves district plan
• Circuit Court hearing on district plan