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Twin Lakes HOA unanimously approves lease extension, insurance renewal, CD rollover and security contract; approves two settlements
Summary
The Twin Lakes Homeowners Association board voted unanimously May 20 to extend its office lease for three years, renew its insurance and security contracts, roll over a $42,000 CDAR and approve two settlement proposals that include a fence reinstallation and payments by homeowners.
The Twin Lakes Homeowners Association board unanimously approved a three-year extension of its office lease at $1,266 per month, renewed its insurance policy and authorized the rollover of an expiring $42,000 CDAR at its May 20 meeting.
President Craig Brown moved to extend the office lease for three years; Tim Walls seconded the motion, and the board voted unanimously to approve it. Ray Faccenda moved to accept the renewal terms of the HOA’s insurance package; Craig Brown seconded and the board voted unanimously to renew the policy. Treasurer Donovan Barton moved to rollover the expiring $42,000 CDAR; Craig Brown seconded and the motion passed unanimously.
After an executive session, the board voted unanimously to renew the association’s security contract with Pierce County Security for 2026–2027. The board also approved two settlement proposals. One settlement, related to account 03082, is contingent on the homeowner reinstalling a fence section so that it sits 36 inches from the rear side of a fire hydrant; upon satisfactory completion the HOA will grant a permanent setback variance and waive fines and legal fees. The second settlement, related to account 04023, is conditional on the home being compliant with the 2026 spring assessment, payment of $110 in hard costs by the homeowner and the HOA’s agreement to waive $700 in late fees.
Meeting minutes show the board handled the votes in open session after returning from executive session and recorded unanimous approvals for the listed motions. The board adjourned at 8:30 p.m. and scheduled its next meeting for June 17, 2026, at the HOA office at 3420 SW 320th St, Suite B-3.
