Important Update Regarding Management Company

Dear Lake Killarney Homeowners,

On December 7th, 2021, the Board of Directors unanimously signed a contract with Bluestone Management Services, LLC. to handle the Financial Management for the association as well as serve in a consulting capacity to make sure all Illinois homeowners association rules and regulations are being followed. The Board requested bids from several local management companies and determined that Bluestone Management Services, from a cost standpoint and services standpoint, was the best company to meet the needs of our community.

Bluestone has been in the Cary/Crystal Lake area since 2007 and have several licensed Community Association Managers on staff, as well as in-house bookkeeping and maintenance services.

For bookkeeping purposes, all residents will continue to receive annual invoices and will mail their payments to our same P.O. Box 176 Cary, IL 60013 which will be checked and processed by Bluestone. All payables and banking will also be handled by Bluestone as well as the distribution of all boat stickers and beach bracelets. If you plan on selling your home in 2022, Bluestone will send out your needed Paid Assessment Letter.

Bluestone may attend some association meetings as requested by the Board and advise on any topics in relation to interpretation of association by-laws or requirements under Illinois state law. The decision to add a management company was not taken lightly. Bluestone will not be enforcing association rules and/or fining residents for violations. Bluestone will not be overseeing our Christmas luminarias, Christmas tree burn, Easter egg hunt, Pig roast, Fishing derby, or our lake.

So why were they brought on? The job of treasurer has become a full-time job. The rules and regulations regarding homeowners’ association is too much for a Board of volunteers to manage. Bluestone Management was brought on to help us preserve our community.

If you have any questions or concerns, please feel free to contact the Board of Directors or Bluestone.

Bluestone Management Services, LLC.P.O. Box 665 Cary, IL 60013

847-516-7000

Info@bluestonemgmt.com

www.bluestonemgmt.com

Sincerely,

Chris Christensen

LKHOA President

VP- Bob Krieger, Treasurer- John Pudzis, Secretary- Heather Ingraham & Valerie TindleBoard Members at Large: Ashley Conley, Geoff Foreman, Corinna Gregory, Matt Logsdon, Judy Marshall, Margaret Zuleger.