(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:
“to render constructive services for promotion of the special welfare of the community and of its property owners and residents of Lakeway Subdivision and surrounding areas”
“to inculcate civic consciousness by means of active participation in constructive projects that will improve the community and the nation”
“to promote and provide recreational facilities for the residents and property owners of Lakeway Subdivision” and
“to acquire and maintain property and funds for charitable community services and recreational facilities.”
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 $1.14 million With the development of Rough Hollow and Lakeway Highlands in the coming years, additional contributions will be 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. Two other positions on the Board are filled by appointees of Stratus Properties, formerly The Lakeway Company.
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:
The first Volunteer Fire Department
Lakeway's first Security Patrol (forerunner of the Lakeway Police Department)
The first 24-hour police dispatch service
Street signs and lighting and beautified the entrance
The extensive recreational lane system along the main thoroughfares
Lakeway Pool Project
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.
........ produces 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 is given to all residents free of charge.
To be listed in the Lakeway Residents Directory or to inquire about advertising, call the Lakeway Civic Corporation Office at 512-261-5203 or email email@example.com .
This Web Site, www.lakeway.org was created by the Civic Corporation in 1999 as a source of community information for Lakeway residents.