ɪn mˈɑːɹtʃ, nˈaɪntiːnhˈʌndɹɪd sˈɛvənti sˈɛvən ðə mˈɪʃən viːˈeɪoʊ kˈʌmpəni dˈɛdᵻkˌeɪɾᵻd lˈeɪk mˈɪʃən viːˈeɪoʊ tə ðə lˈeɪk ɐsˌoʊsɪˈeɪʃən, ɐ kˌælɪfˈoːɹniə nˈɑːnpɹˈɑːfɪt kˌɔːɹpɚɹˈeɪʃən kənsˈɪstɪŋ ʌv ðoʊz ɹˌɛzᵻdˈɛnʃəl pɹˈɑːpɚɾi ˈoʊnɚz wɪðˌɪn ðɪ ˈʌltᵻmət bˈaʊndɚɹiz ʌvðə mˈɪʃən viːˈeɪoʊ plˈænd kəmjˈuːnᵻɾi.
In March, 1977 the Mission Viejo Company dedicated Lake Mission Viejo to the Lake Association, a California Non-Profit corporation consisting of those residential property owners within the ultimate boundaries of the Mission Viejo planned community.