Possum Kingdom Lake Association Newsletter March 09’

P. O. Box 492 Graford, Texas 76449

March 21, 2009
Newsletter revision "A":  
Removed the non-working link in the mailed newsletter for the FERC document and added near the bottom of this newsletter, the related information for this web site posting.


HB 3031 has been filed!

Representative Keffer filed HB 3031 after negotiations between BRA and PKLA in Austin.  The Bill follows the Request for Bid which will allow BRA to sell to a 3rd party. HB 3031 can be read from the House web-site  at http://www.capitol.state.tx.us/ Simply go to the web-page and type in the Bill number (HB3031) or (Click Here). Some of the components of the Bill are:

·        A 25’ set back for the buffer zone will remain in place. The survey that was sent to membership by e-mail questioned how a 50’ set back would affect your lease.  Thank you for your responses.  Results indicate 75% of those responding found a 50’ set back to be problematic for any future construction, etc.

·        A floor of 50% of Palo Pinto 08’ Appraised land value was placed on Bid request.

·        If a bid is awarded then the leases would be sold at 65 % of 08’ PPCAD land values.

·        The financing options remained the same as found in the Bid Request except for homestead/65yr older.  A 20 year lease option with a rental rate determined by BRA lease rate methodology and CPI increases or decreases will be offered to homestead/65yr leaseholders.

·        The Bill will allow a lot-by-lot sale of leases if no 3rd party bid is accepted.

HB 3031 will be assigned to committee for hearing review. Last session our Divestiture Bill was assigned to Natural Resource committee. Once the committee hears and approves HB 3031 then the Bill is voted on by the House. The House will then pass the Bill to the Senate. Please keeping mind that any Bill can change as it passes through the process.   

You can help by contacting your Senator or Representative asking for their support of

HB 3031.

To find the name of your elected official please go to the Lake Association web-page www.pklakeassn.org. In the left column, click on Government & BRA link.

Located in the fourth paragraph, is link to locate information of all elected officials.

Mailing address: State Representatives ___________

                            P. O. Box 2910

                            Austin, Texas 78768

  

FERC application requesting the removal of the buffer zone in front of residential leases was filed Friday, March 6th.  The application   The title of the application reads as: Brazos River Authority’s Application for Change of Project Boundary. The request, if approved, will allow leaseholders to purchase their land to the 1000”. No timelines are available for receiving a ruling on this application.
Added Information:  (Click Here) to view the 11 March PKLA Alert message for an Introduction paragraph and a "drill down: process to the complete BRA to FERC document.

Tax case appeal has been filed in Eastland Court of Appeals and is awaiting ruling.

The Lake Association will make every effort to keep membership informed.  As information develops updates will be provided. 

Monte Land, President

940 779 3863