Commercial Lot Update

This is an update on the commercial lot for sale, originally communicated to the neighborhood association members via US Mail on March 19th and association meeting on April 10, 2018.

After input from the community, real estate professionals (both outside solicited feedback and community members in the real estate industry), discussion with county representatives, and land rights review, the community approved offer for the lot was declined by the seller. 

Through the offer process, our outside counsel has learned a separate offer has been accepted on the lot that was listed for sale at $125,000 after being formally listed in mid-June.  At this time we do not know what the accepted offer price is, who the buyer might be, or what the intent of the buyer with respect to modifying the property.

As part of our ongoing due diligence we continue to research with our outside counsel on the input and/or influence the HOA has over what may (or may not) be built on the property and what type of control if built upon (ie. does it fall under our community covenants).

Obviously, this is not the desired or expected outcome of the community.  We continue to ask for your constructive support as we pursue facts regarding the offer to purchase and will communicate further to the community as we learn any significant and relevant facts.