Lakeway Civic Corporation
1102 Lohmans Crossing
Lakeway, Texas 78734
Lakeway Civic Corporation
Board of Directors 2019
President, Jane Benasutti
Vice President, Rick Zehrer
Treasurer/ Michael Rick
Secretary, Sharon Rogers
Member At Large, Sue Knolle
Member At Large, Todd Buikema
History of the Lakeway Civic Corporation
(Compiled from the records of the Civic Corporation and from Byron Varner’s “Lakeway: The First 25 Years”. )
The founders of the Lakeway community had the vision and foresight to conceive a plan under which a percentage of revenue from lots sales would be contributed to a Trust Fund. The income (not the principal from the Trust could be used for specific community needs. This led to the establishment of the Lakeway Civic Corporation (“Civic Corporation”) in September, 1965, with the following stated purposes:
Shortly thereafter, the “Lakeway Property Maintenance Trust Fund” was established with Capital National Bank as Trustee (now The Chase Global Private Bank). The beneficiary of the Trust is the Lakeway Civic Corporation. The trust agreement required the Lakeway Company to pay the lesser of: (1) 10% of the purchase price; or (2) $200, into the trust upon the sale of each lot. When the Trust was established, the founding developers (Lee Blocker, Flint Sawtelle and John Crooker) made an initial contribution of over $50,000, generously including every lot sold and paid for prior to the creation of the Trust. The Trust has grown to a value of about $1.4 million, with the development of Rough Hollow and Lakeway Highlands. Additional contributions are still being made to the Trust.
The Corporation’s Board of Trustees consists of six individuals who are elected by Lakeway property owners for staggered terms of three years.
The Lakeway Civic Corporation.... administers the proceeds from the Trust Fund established with $200 from the original sale of each lot sold in Lakeway. Through the years these proceeds have funded:
Worthy Lakeway area projects are considered by the Directors of the Lakeway Civic Corporation. To request consideration for funds please print the request form and submit it to the Lakeway Civic Corporation by mail or by email.
........ owned and maintained all of the parks in Lakeway until they were transferred to the City of Lakeway.
........ produced the Lakeway Resident's Directory with its listing of residential telephone numbers, along with a listing of organizations and "frequently called numbers," and a business advertisement section. The directory was given to all residents free of charge.
This Web Site, www.lakeway.org was created by the Civic Corporation in 1999 as a source of community information for Lakeway residents.
Lakeway Civic Corporation © 1999. All Rights Reserved.