Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, June 22, 1990 TAG: 9006230344
SECTION: SMITH MOUNTAIN TIMES PAGE: SMT-1 EDITION: METRO
SOURCE: SANDRA BROWN KELLY and DAVID M. POOLE STAFF WRITERS
DATELINE: LENGTH: Medium
The homeowners' association operated by the developers lost its incorporated status anyway as of June 1 because it had not filed annual reports with the State Corporation Commission since 1988.
The development company, Developing World, had 51 percent of the votes in the association.
The subdivision, located off Virginia 676, is one of several Smith Mountain Lake projects of David A. "Red" Dean, Dwight Dean, John Meteney and James Deyerle. The projects included land sales, an office park, boat time-shares and fishing villas.
Property owners have been having problems for months getting road work completed in Lynville, the closest lake subdivision to Roanoke and one of the oldest on Smith Mountain Lake. A group of owners met in February with the developers to ask for an accounting of homeowners' fee collections and that the developers complete work on roads and the water system.
In February, the landowners were told the association account contained about $11,000, but they later learned that the association accounts had only about $1,000. Among bills paid from the association accounts, residents learned, were costs of hauling water to the subdivision when the water system was out of operation during the winter.
Also, the subdivision's water system recently was downgraded to 14 from 74 connections allowed in the original permit.
Barry Dunkley, regional director of the Virginia Department of Health Office of Water Programs in Danville, said the yields from the three wells in the subdivision have declined.
For the past week and a half since lightning apparently knocked out a pump, a jury-rigged water system has been supplying the seven families who live in the subdivision, said Mary Lou Fisher, secretary-treasurer of a lot owners' group.
Landowners in Lynville moved to have a greater voice in the subdivision in April when about 50 owners met and formed the Lynville Creek Concerned Property Owners group.
The Lynville Creek group since has collected $1,700 in donations to pay for legal help, said Fisher, a full-time Lynville resident. Carter Greer, a Rocky Mount lawyer, has been hired.
The developer group appears to have splintered since it began to face a series of problems from its many projects. Beacon Light Marina Yacht Club, a boat time-share operation, is out of business because the boats were repossessed by lenders. Beacon Light Marina, where the boats were based, has been foreclosed on by a West Virginia Bank. One of the developers, Red Dean, recently filed for liquidation bankruptcy under Chapter 7 of the U.S. bankruptcy code.
Dwight Dean resigned from the homeowners' association, as did Deyerle, a Roanoke real estate agent.
All inquiries are being directed to John Meteney. Friday, Meteney filed papers in Franklin County Circuit Court terminating the controlling interest of the developer in Lynville.
The Lynville Creek Concerned Citizens Group has scheduled a potluck picnic meeting of lot owners Sunday at 2:30 p.m. at the picnic site in Lynville. Terry Vlug is president of the group; Susan Pratt is vice president. Both live in Lynville.
by CNB