FACTS YOU SHOULD KNOW ABOUT WAKONDA FAMILY CAMPGROUND, INC.
1. IMPORTANT NOTICE - The offer to sell shares in Wakonda’s cooperative may be made ONLY through the Offering Plan, which you MUST read before making a decision to buy. This information sheet is intended only to give you a brief overview.
2. THE CAMPGROUND – Wakonda Family Camp Ground, Inc. consists of 132 campsites and 16 cottages located on 82 acres at East Schroon River Road, Pottersville, New York 12860. The property fronts on a thirty-five acre private lake (Lake Wakonda) and on one-half mile of Schroon River, one mile below the south end of Schroon Lake in Warren County.
3. AMENITIES – The campground features two sandy beaches on Lake Wakonda; two clay tennis courts; and outdoor paved basketball court, a sand volleyball court; a foot golf course; a softball field; and a play area with a Rainbow Direct playset; a group campfire area; boating access along the Schroon River; a small-boat/canoe rack and launch area at Lake Wakonda; a coin-op laundry; five personal care centers for the campsites; a center building containing a sitting video area, game and a recreation building with stage and dance floor.
4. WHAT IS A COOPERATIVE? – A form of real estate ownership consisting of a corporation whose shareholders own and occupy a property and share in the responsibility of its maintenance. In Wakonda’s case, 148 shareholders own and operate the property jointly, each with voting rights in proportion to the number of shares held for the cottage or campsite occupied. Together with the shares acquired, each shareholder receives a proprietary lease entitling the shareholder to exclusive occupancy of the cottage or campsite that has been purchased.
5. WHAT EXPENSES ARE INVOLVED? – In addition to the purchase price of the shares, you will pay monthly maintenance charges to support the cooperative’s budget. For the 2020 budget, the occupants of campsites all pay a monthly fee of $162.00, plus metered electricity. Cottage occupants pay a base monthly fee of $144.00 and an additional amount to cover taxes and insurance on their cottages.
6. WHAT SERVICES DOES THE CO-OP PROVIDE? The co-op budget provides for road maintenance; maintaining the water supply system and furnishing water up to the shut-off valve of the cottage or campsite; maintaining a secondary electric distribution system and furnishing electricity to the common buildings and the campsites; picking up garbage on a regular basis; furnishing fuel, supplies and cleaning services for the laundry, the personal care centers and the other common buildings; maintenance and repair of all the common buildings; cutting the grass and maintaining common elements such as the tennis courts and playground, and maintaining the septic systems.
7. WHAT MAINTENANCE RESPONSIBILITIES LIE WITH SHAREHOLDERS? – In the case of campsite occupants, keeping the immediate campsite neat and orderly; providing a garbage can; cleaning and sorting recyclables; maintaining and replacing the picnic table and fireplace. In the case of cottages, in addition to the above, providing total maintenance and repair of the cottage, inside and out.
8. WHAT IS THE SEASON? – From just before Memorial Day to the end of September. During the off-season campground gates are locked, utilities are shut off and camper units remaining on the property must be securely stored in accordance with regulations. Campsite owners are welcome to visit the property during the off-season for hiking, bicycling, cross-country skiing, ice skating, ice fishing, etc. but they cannot occupy their units. Cottage may be occupied at any time during the year.
9. MAY I RENT MY UNIT TO OTHERS? – The intent of the Sponsor is to foster a community that lives and operates cooperatively, and whose people come to know one another, if only casually. To this end, rentals are not encouraged, and are limited to thirty days per year.
10. WHEN DID THE COPPERATIVE BECAME EFFECTIVE? – When the first closing was held, on July 6, 1990 Shareholders now occupy all the cottages and almost all of the campsites in Wakonda.
11. HOW MAY I SELL OUT? – Your shares and lease may be sold to anyone, just as you bought them. The co-op reserves a right of first refusal: after you have received a bona-fide written offer to purchase, the co-op has a short time to decide if it wants to buy your shares from you at that same price. If it doesn’t, you are free to go ahead with the sale.
12. ARE THERE RULES AND REGULATIONS – There is a complete set of rules and regulations governing conduct, whose general spirit is founded on mutual respect for one another’s person and property.
13. HOW IS THE COOPERATIVE OPERATED? – The shareholders annually elect representatives to fill the seats of those whose terms are expiring on the Board of Directors. The Board, in turn, selects officers and meets as required to set policy and carry it out. Paid staff, including a manager and maintenance personnel care on the work of cleaning common building, picking up garbage cutting grass, making repairs, etc.
14. WHAT ABOUT THE UNSOLD SHARES? – The co-op corporation has the right to continue to rent the units which have not been sold. At this time Wakonda has no unsold shares
15. HOW DO I MAKE ARRANGEENTS TO LOOK AND/OR BUY? – You may call Kim Frazier, our manager, at (518)494-4865.
Wakonda Owned Sites for Sale:
There are currently no sites owned by Wakonda Family Campground, Inc. for sale at this time
Shareholders Owned Sites for Sale:
There are a number of private sale opportunities available.
Co-Op office address:
Wakonda Family Campground, Inc.
3915 East Schroon River Road
Pottersville, NY 12860
Co-Op office phone: 518-494-48654
IMPORTANT NOTICE- The offer to sell shares in Wakonda' cooperative may be ONLY through the Offering Plan, which you MUST read before making a decision to buy. This information is intended only to provide a brie overview of the cooperative and the amenities provided.