Sam:

IIRC this sounds like a community pond with multiple owners having frontage on it. Will there be a community property owners type association for the owners of the lots nominally overseeing rules and management for the pond? If so, this situation has it's own challenges and advantages. There are a couple of threads here somewhere talking about management issues with community controlled waters - if that's going to be your situation we'll have to see if we can locate them.

"Live like you'll die tomorrow, but manage your grass like you'll live forever."
-S. M. Stirling
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