Good News on Docks!

We are pleased to announce that we have reached an agreement with Duke Energy and Centex to resolve the outstanding issues associated with docks and dock permitting at Bear Lake. The good news is that all owners with docks associated with their property will be able to maintain those docks, and Terramesa will have sufficient docks for our future development plans.

There will be some additional paperwork required to finalize the transfer of Duke dock permits to the current property owners. Centex has agreed to take care of preparing and filing these transfer applications, and will cover the permit transfer fees as well. You will be receiving a letter from Centex in the next few weeks with the permit transfer application and other related documents, and the letter will provide instructions for completing and returning the application.

We understand that this has been a long process to reach what we believe is a satisfactory resolution, and we appreciate your patience during that time as we worked out the details.