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Canyon
Lake Community Information
The Canyon Lake
POA was incorporated on May 5, 1968 and Dino Serifini was its first
president. Frank Holden was the first general manager.
The POA and the
Architectural Control Committee (ACC) were established by the Covenants,
Conditions and Restrictions (CC&R's) recorded as part of the Canyon
Lake subdivisions. Their function is to manage the facilities for the
benefit of the property owners and to provide some of the services
normally provided by municipal government. The Board of Directors
establishes policy, approves the budget and makes major decisions. They
appoint the members of the ACC and standing committees. A professional
general manager is employed for detail management. Advisory committees
have been organized with varying success over the years.
Property owners
designate a prime member of the Property Owners Association, who has
five votes in the election of members of the Board of Directors.
Initially they were elected for a term of one year but in 1989 by court
order, the By-Laws were changed to provide two year terms on a staggered
basis. In the beginning the Corona Land Company owned most of the lots
and thus dominated the Board. By 1972, however, enough lots had been
sold that no Corona Land Company Directors sat on the Board. All lots at
Canyon Lake were sold by 1975.
The POA assumed
responsibility for the commonly owned land and facilities on November
30, 1970. Streets and some of the parklands were transferred to the POA
in fee on an individual basis. The Association negotiated land for
$1,530,000 which was paid in annual installments of $96,000. The last
payment was made June 1, 1987. The lake and the fringe of land around it
was owned by the Temescal Water Company and leased to the Property
Owners Association for recreational purposes. The lease allows the ACC
to issue encroachment permits so owners of property fronting on the lake
can install docks and other lakeside facilities on Temescal's property.
In 1974 an additional lease was signed covering the slalom course north
of the north causeway. On August 10, 1989 the Elsinore Valley Municipal
Water District (EVMWD) entered into a contract to acquire the lake and
these leases. The legality of this purchase is in the courts as of this
printing.
The deed
restrictions established an upper limit on the annual assessment of
$250. By 1979, however, it was found that inflation and the cost of
required services could not be covered under this limitation. The
Riverside Superior Court in 1980, as the result of a class action suit,
set aside the restriction. Current state law allows for a maximum
increase in regular assessments of 20% each year.
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