December 14, 2015 W E L C O M E SIMONTON LAKE H.O.A.

PURPOSES Explore Possibilities of Expanding Conservancy District Bylaws

WHAT IS A CONSERVANCY DISTRICT The Indiana Conservancy Act (IC 14-33) provides a mechanism by which landowners, through a circuit court process, can organize a special taxing district ( a local unit of government ) to solve specific local issues related to water resources management.

Purposes being suggested for Expansion of the Districts Bylaws (currently only sewage system) No. 2 - Improving drainage. No. 6 - Developing forest, wildlife areas, parks, & recreational facilities where feasible in connection with beneficial waste management. No. 7 - Preventing the loss of topsoil from injurious water erosion. No. 9 - Operation, maintenance & improvement of any work of improvement for water based recreational purposes, or other work of improvement that could have been for any other purpose authorized by the Act.

Suggested Conservancy Projects ( As recommended by the Environmental Committee ) Proactive & Uniform Lake Weed Control Public Landing : Paving / Landscaping / Maintenance Re-establish USGS lake level monitoring Erosion control Drainage improvements Environmental Enhancement Sediment Removal Constraints : A - What Can we do B - What can we Afford to do C - What are we Allowed to do

Sediment removal – completed to date Sediment Removal Costs To Date $ 172,400 - Basin, Fees, etc $ 405,000 - Dredging of 25,500 Cubic Yards NARROWS - LANDING - CHANNEL ACCESS $ 577,400 - Total

Our Vision Weed Control – USGS Monitoring – Landing improvements & maintenance, Buoy installation, maintenance & removal – Fees, Consulting, Newsletter, Studies & Permits - Sediment removal, Erosion mediation. Additional Sediment Removal 78,000 Cubic Yards 48 Acre basin increase

M O N E Y OUR VISION $ 150,000 - SITES 4 & 5 $ 160,000 - SHORTFALL ON CURRENT SEDIMENT REMOVAL $ 675,000 - WEST AREA SEDIMENT REMOVAL $ 720,000 - EAST AREA SEDIMENT REMOVAL $ 400,000 - BASIN / WILDLIFE AREA $ 5,000 - LANDING ISSUES & MAINTENANCE / YR $ 20,000 - WEED CONTROL / YR $ 5,000 - USGS MONITORING / YR $ 65,000 - STUDIES/PREMITS/FEES This is a list compiled from discussions with various Freeholders & is certainly fluid as the process progresses

FUNDING ( After much discussion, consciences seems to be that the fairest approach to funding the improvement of Simonton Lake seems to be the following) A Special Assessment based on current Assessed Property Values at a.0009 district wide rate. With a current District Assessed Value of $ 130,000,000, The.0009 Proposed Rate Increase would generate $ 117,000 Revenue / yr, Examples of a.0009 ($90 per $100,000) increased assessment to your annual Property Tax bill: $75,000 Parcel -- $67.50/yr $100,000 Parcel -- $90.00/yr $150,000 Parcel -- $135.00/yr $200,000 Parcel -- $180.00/yr $250,000 Parcel -- $225.00/yr $300,000 Parcel -- $270.00/yr

Simonton Lake aerial photo dated 1938

SIMONTON LAKE – 2013 PHOTO