Allyson Acres Subdivisions Fees

In both the property report and CC&r's a fee of $24.00 annually was to be paid to the developer to be used for Beautification and Road upkeep. In the property report it states some of the money may be used for facility upkeep. When Studebaker Land Co. defaulted Southwest Investment Co. assumed ownership and proceeded to raise fees and made the land company a POA! No vote by the Allyson Acres property owners was ever taken. The property rights of the Allyson Acres property owners have been subverted for thirty tw0 years. In lieu of the $24.00 annual fee we are being charged $120.00 anually and $72.00 for standby water availability. That is a total of $192.00 in overcharges per lot annually. If you run the numbers out 192 x 1501 x 32 = $9.2 million in overcharges, that is if all the lots were sold!!!!!!!!! You can see we could own Lakemont if we had a GOOD attorney

Allyson Acres property owners rights!

Even if the developer was the sole owner of the amenities/ facilities and could transfer or sell his interests to "Southwest Investment Company" the owners of property that he had sold and collected fees for road upkeep and beautification. Would they not be entitled to some type of consideration or compensation for buying property in belief that those facilities would still be available for their use. Also the property owners would have the choice of joining the Lakemont Shores POA and not be forced into paying fees for which they had no vote in joining.

Allyson Acres Subdivisions

The Allyson Acres subdivisions in the beginning had 15 subdivisions. In those subdivisions there are approximately 1501 lots. Each of the subdivisions had their own covenants and restrictions (CC&R's) duly filed at the Delaware Co. Oklahoma court house. The subdivision lot owners were required to pay the land developer $24.00 per year. Some of the subdivisions were waived in paying the fee for road upkeep and beautification. This was at the developers discretion. The 15 subdivisions were not a Property Owners Association or a Home Owners Association. They were not any type of organized association. The developer was the exclusive owner of the amenities which included the following a water system with seven wells a swimming pool and lake access, playground, clubhouse, park shelters, charcoal grilles, and miniature golf facilities, a 53' excursion boat, a marina, riding stable & barn and a natural cave on site was to be opened along with a 300 acre amusement park. All of the above information was taken from the "Wonderland World" publication. The developer had financial problems and eventually filed bankruptcy. At this point "Southwest Investment Company" stepped in and took control of the Allyson Acres development.