Lake Front Royal

A $10,000 emergency-only fund (e.g., damage to common property). At least 10% of road/facility fees are added annually until it reaches $10,000. Withdrawals require the approvals specified in the By-Laws; if used, it must be replenished. (By-Laws, Art. XI)

$50 per lot × 345 lots = $17,250 operating budget. Major lines include insurance, internet, accounting, legal (as needed), collections, capital improvements, and more. Projected FY25 funds: $55,174.92; Money Market Reserve: $26,946.51. (Budget 2025)

LFRPOA and Sanitary District fees are collected by Warren County (typically June/December). Fiscal year is Jan 1–Dec 31. Delinquencies accrue interest/penalties at Virginia tax rates; collection and legal costs may be added. (By-Laws, Art. X)

Warren County collects $345.00 per lot and .035 cents per $100 improved assessment per year to pay maintenance costs, as well as a $50.00 fee to run the corporation, half is collected in June and half in December when you receive your county tax bill. The fees are listed as Sanitary Fees. These fees are adjusted annually.

The Board cannot levy special assessments on its own. Any special assessment requires approval by a majority of votes cast (in person or by mail) at a properly called meeting. (By-Laws, Art. V §7)

Roads and facilities are private for owners/guests only. No portion of a lot may be sold/used as a right-of-way to property outside the subdivision (except unsold Association lots or Association-built roads). (Restrictive Covenants, §§7–8)