TIMBERLAKE PROPERTY FOR SALE

18% ownership in Timberlake (no building lot) with a trailer in the camp ground, and full club membership with no annual dues.   Contact skitimberlake@verizon.net

10% equity partnerships in Timberlake. Includes 10% ownership in Timberlake, campsite with sewer, water and electric, and ski club membership with no annual dues.  Financing available.  Contact timberlake.pres@gmail.com

BACKGROUND ON OWNERSHIP AT TIMBERLAKE

Timberlake Owners Group is a partnership, that is jointly owned.  When Timberlake was founded, the 58 acre property was divided into 6 parcels. One Parcel (25 acres) is the common property which includes the lake, the dam, a 15 foot buffer around the lake, the road along the rear of the property, and the campground. The campground was improved with septic, water, and power. The campground contains 10 campsites which all have park homes (trailers) installed. The common property also contains a 2 stall boat house, paved boat ramp with dock, a tournament start dock, a 20'x30' pavilion, and a club start dock, ski jump ramp, and a record capability slalom course. The remaining 5 parcels are approximately 6 acre wooded waterfront building lots. Each of the original partners took title to one of the 6 acre building lots.  The common property was divided into 10 equal partnership shares (10% ownership shares). These shares are held in common by the partners.  The idea here was to be able to provide an opportunity for others to have an equity interest in Timberlake without the financial burden of having to buy a 6 acre building lot.  Equity owners have a “club” boat available for use on a shared cost basis.