LLC governance

Member proposals

One share equals one vote. Outcomes are recorded on the LLC ledger.

OpenLake Tahoe Lakeshore LLC

Approve 2027 Rental Strategy

Adopt the Property Manager's proposal to shift 30% of summer inventory toward long-stay luxury rentals (14+ nights), targeting an 8% NOI increase while reducing turnover wear.

Voting: May 15, 2026 → Jun 15, 2026

Threshold: 50% approval

78 for14 against6 abstain98 / 150 eligible votes (65%)

Your voting power: 3 votes

OpenLake Tahoe Lakeshore LLC

Increase Reserve Fund Contribution to 8%

Raise the quarterly reserve contribution from 6% to 8% of gross income to fund a scheduled 2027 dock rebuild.

Voting: May 20, 2026 → Jun 20, 2026

Threshold: 50% approval

42 for11 against3 abstain56 / 150 eligible votes (37%)

Your voting power: 3 votes

PassedLake Tahoe Lakeshore LLC

Approve Refinance at 5.8% Fixed

Refinance the existing LLC mortgage to a 7-year fixed at 5.8%, releasing $1.2M in equity for member distributions.

Voting: Feb 1, 2026 → Mar 1, 2026

Threshold: 60% approval

112 for18 against4 abstain134 / 150 eligible votes (89%)