Out of Bankruptcy – Reorganization Plan Approved

The following  news was shared with the “Friends of Lake San Marcos,” and I thought it was important to get the message out to the Lake San Marcos community.

“Today Lake San Marcos received some of the best news it has had in the last 10 years….CDC’s Reorganization Plan has been approved by the Federal Bankruptcy Court.

Initially, the depth and breadth of the problems facing CDC were so great, I was of the opinion they could not be solved.  Fortunately, in the middle of the bankruptcy CDC was sold to new ownership.  It has taken incredible fortitude, financial acumen, and negotiating skill for Pino Vitti, the new owner, to have overcome these hurdles.  Congratulations to him and his staff.  Today is really the start of a new era for CDC.

The Lake San Marcos Community Association has played a significant role in supporting the new ownership of CDC with the Bankruptcy Court, the Regional Water Board, the City of San Marcos, San Diego County, Vallecitos Water District, the Telesis Credit Union and numerous other organizations.

The net effect of the Reorganization Plan approval is that now CDC can start paying back its creditors, can borrow to make improvements in our facilities, and can again direct its financial resources as it chooses.

For the community, it means the years of delay are over, and we can hope to see long awaited improvements begin to take shape.

CDC still has many hurdles to overcome.  They have to finish the lake testing, develop a remediation plan, and actually get the lake cleaned up.  They have more docks to build. They have to prove to lenders that they are on a firm financial footing, and the income generated from the Lake and Lodge leases and other sources are reliable enough to underwrite long term loans for rebuilding the community facilities and cleaning the lake.  They have to develop a plan for remodeling or replacing our aging buildings and pools that meets the needs of the community while remaining affordable.  There are many challenges ahead for CDC, but now they can move forward to work on those new challenges without the stifling control of the Federal Bankruptcy Court.

Thanks to all who were involved in these efforts over the years.  In particular Eli Whitney, John Andrew, Bob Kreiss, Jim Murphy, and Ken Lounsbery, but also many, many others.

Wayne Widener

Friends of Lake San Marcos”

And I personally would like to thank “Wayne Widener” who works very hard to keep us all informed.

For more information see “Lake San Marcos Bankruptcy Update.”

 

Glamping – Lake San Marcos

Glamping is coming to Lake San Marcos courteous of the Lakehouse Resort.

What is glamping: It is shorthand for glamorous camping; luxury camping.  Going camping, but with glamour. A combination of the two words. It’s like regular camping , but with nicer things than usual, being warmer, and more comfortable.

Photo by Gary Harmon

Photo by Gary Harmon

The above photo is inside one of the four units currently under construction past the campgrounds at Lake San Marcos.  Access to this “Glamorous Camping” will only be by boat.  All units will have electricity and a ceiling fan.  Modern restroom and shower facilities will be nearby.

San Diego residents can get away for a great mountain – lake, outdoors experience without all the hassle and time wasted by a long drive.  Keep checking this website for updates.  Also, check out the photos below of the Lake San Marcos glamping site.

Photo by Gary Harmon

Photo by Gary Harmon

Photo by Gary Harmon

Photo by Gary Harmon

 

Photo by Gary Harmon

Photo by Gary Harmon

 

San Marcos Vent Project

High above beautiful Lake San Marcos on the top of a hill to the southeast, is a new construction project called the San Marcos Vent Project.   This is part of the Carlsbad Desalination Project which will result in the largest desalination plant in the Western Hemisphere.  So far construction phases for the 50 million gallon a day plant and related water delivery system continue to move forward without delays.  This is keeping us here in Lake San Marcos on pace to have this new, drought-proof source available in early 2016.

Recently the vent project’s work hours have increased to meet the deadline for the remainder of the project which runs between Carlsbad on the coast up to San Elijo. Lake San Marcos is a staging area for the San Diego Water Authority. Here is an update:

Work Hours Extended
This Water Authority water pipeline project is under way in the open space south of Lake San Marcos. The contractor is now working 5 a.m. to 10 p.m. Monday through Saturday. Depending on progress excavating in hard rock, the contractor may need to begin working up to 24 hours a day, six days a week through March 26.

The extended hours are necessary to meet a critical deadline in late March when two major drinking water pipelines will be taken out of service for ten days. During this ten-day period, the contractor has confirmed he will work 24 hours a day to make the final pipeline connections.

The project will be complete in May 2014. Water service to homes and business will not be interrupted.
To minimize disruptions to nearby residents, the Water Authority has instructed the contractor to install sound curtains and to direct lights only at the work site. Noise monitoring at three locations in the surrounding residential communities will ensure that the contractor’s noise level stays well below the allowable limits for nighttime construction. The contractor will continue to use San Pablo Drive and La Plaza Drive to access the Water Authority’s access road to the project site.

The San Marcos Vent project will provide new flexibility in operating regional water pipelines for a new supply: seawater desalination from the Carlsbad Desalination Project. For more information, contact the Water Authority at (877) 682-9283 Ext 7009.

Information courtesy of Lake San Marcos Communication Association.