Agreement Reached Between the MUD and the HOA

HC MUD 341 is pleased to announce a new agreement with the Lakes on Eldridge Community Association (HOA) on shared expenses for the maintenance of the lakes, Turkey Creek and associated lands.  As part of this agreement, the MUD will pay the HOA $160,000 per year with an inflation adjustment every March.  The MUD will also take full responsibility for the capital maintenance of Turkey Creek, an HOA reserve and the lakes within our subdivision.  This is a significant shift in capital expenses to the MUD, but it is our hope that it will lead to the lowering of the overall expenses for the residents of Lakes on Eldridge.

The MUD wishes to thank the HOA and all the residents who participated in the HOA’s monthly meeting on February 23 for their contributions to this resolution.

HC MUD 341 Board of Directors