Many thanks, Mr. and Mrs. Gallus, for the well described options. Now, David, dont you think that fence has 'character'? It has been propped up with catalpa wood for many years. Somewhat similar to Orange Osage in it's durability.
That fence will also be replaced. No property lines to worry about, it is all common property. I do have a gas 4 and 6 inch auger. I have to get this ole back limbered up. After this, I have to bring it back to Houston and replace our suburban fence after IKE. I will probably plant a row of something like Leland Cypress or other evergreen to sort of hide the fence and pond, even though all the kids around are well aware of the newly dug pond.