Association

Lake Muskoday is a private lake community consisting of approximately 110 lakefront and non-lakefront homes. Today, the vast majority of property owners around the lake belong to the Lake Muskoday Homeowners’ Association, Inc. (“LMHA”), a New York not-for-profit corporation dedicated to preserving and maintaining the ecology of the Association’s properties and providing recreational opportunities for its members. 

Membership in the LMHA is tied to land ownership with the Lake Muskoday community. Members are shareholders in the Association and purchase a Certificate of Stock, currently valued at $1500, in addition to paying annual common charges/dues that support taxes, insurance, lake management, property maintenance, and other approved Association expenses. Upon the sale of property, members sell their Certificate of Stock back to the Association at the current value, subject to the terms of the LMHA governing documents. 

The LMHA has a formal governance structure consisting of a ten-member Board of Directors, made up of five officers and five trustees. Officers serve two-year terms, and trustees serve five-year staggered terms. The Association holds three general membership meetings each year, generally around Memorial Day, July 4th and Labor Day. 

The Association is governed by its Constitution and By-Laws, which are intended to protect the lake, preserve the natural and aesthetic character of the community, and provide a fair structure for member participation. The rules are not overly restrictive; rather, they help ensure that Lake Muskoday remains a well-maintained and environmentally responsible community for current members and future generations.