Welcome to Lake Reality!


The New Jersey Department of Environmental Protection (DEP) has awarded a $750,000 low interest loan to the Lake Reality community so that we can upgrade our lake dam to meet current state standards.

This is the same loan program Fayson Lakes and 147 other New Jersey lakes have used to repair their dams.  This loan will be repaid by Lake Reality residents over 20 years.  The NJ DEP requires Kinnelon Borough to be a co-applicant on the loan. Should the council not co-sign this loan, the dam will be decommissioned and our LAKE WILL BE PERMANENTLY DRAINED.

How can I help?

Additional details for your information:
  • The Lake Reality dam is not in danger of failing. The State is just requiring an update. However, those updates will cost hundreds of thousands of dollars. The Lake has saved a few hundred thousand dollars for the dam renovations, but it is not enough.
  • The loan application is a 2 step process. This process started several years ago, and the Town co-applied with us on the initial application for the loan (think of it as being pre-approved for a loan). Once the State determined that we are in actual need of the loan, they sent us the actual loan papers. That is where we are now.
  • To get that money, the State has set up a statutory loan program where we can get a 2% loan for the dam renovation. However, to get that loan the Town needs to sign as co-applicant on our loan application.
  • To make the loan payments, those people that live around the Lake are the ONLY ones who will pay the loan payments. The loan is for 20 years.  To get that money from the Lake Reality homeowners, the Town may issue an assessment on ONLY those who live around the Lake.  
  • An assessment is simply a tax.  For example, if the town were to install sidewalks in Smoke Rise, the people in Smoke Rise would be issued an assessment to pay for those sidewalks. Only those in Smoke Rise would pay because they are the ones that benefit from those new sidewalks.
  • To get this loan, the Town is required to sign the loan application as a co-applicant. This indicates to the State that they (the Town) is comfortable with the Lake residents’ ability to make all the loan payments. In addition, it confirms that the Town is prepared to issue an assessment to pay for the loan if needed.
  • As a “co-applicant” of this loan, the town is NOT a guarantor of the loan. If for some reason the payments dried up, the town is NOT liable for any of the payments. This is stated in the legal statute that established this loan program.

We appreciate your support Kinnelon community!
Save Lake Reality!

Getting Involved...

To join Lake Reality: 
You must be a resident of Kinnelon, NJ. New members will be considered on a first-come-first-served basis. There is a waiting list to join Lake Reality. Membership is limited to afford maximum enjoyment of our facilities.

If you would like to join, click here... 


Save Lake Reality Updates.

December 31, 2021:

What have we been doing?

  • Met with the former Fayson Lakes President and prior legal counsel on how they accomplished their dam loan 10 years ago.
  • Contacted the current president of Fayson Lakes and obtained his input on this matter.
  • A meeting is on the calendar for Wednesday, 12.15.21, with Mayor Jim Frieda, the borough attorney and your LRHA Dam Loan committee members.
  • A draft of a statement on the Dam assessment paperwork for Lake Reality residents to consider is in progress.
  • Revising our by-laws on membership requirements similar to Fayson Lakes for consideration by the Lake Reality residents.
  • We are contacting engineers to obtain a more current estimated cost analysis and potential savings on fixing our dam to the DEP’s standards.

The Lake Reality Association Dam Loan Committee:
Cliff Giantonio (Committee Chair)
Bob Phillips (Treasurer)
Ben Supinski (President)

November 15, 2021:
The Lake Reality Homeowners Association (LRHA), the Mayor and other Boro officials met twice this week to discuss the dam loan application status and process.  As a result of these meetings the LRHA no longer plans to make a presentation at the Boro Council meeting of November 18.  You may also have heard the Council planned a special public meeting regarding our application for November 30.  That meeting has been cancelled.

Our work continues and much must be done before the Council agrees to co-sign the loan.  We will update you on future meetings and activities related to our dam application.
Thank you for all your support.  It has made a difference.

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Lake Reality is the only lake community in Kinnelon that accepts outside members from within the borough.

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