In a previous post (ArrowCreek Golf Course – What Next, dated September 19th) we updated readers on the ArrowCreek Golf Course controversy, wherein the ArrowCreek Homeowners Association Board of Directors voted, on a 4 to 3 basis, to proceed with a plan to purchase the ArrowCreek Golf Course property for $3.3M from its owners (i.e., The Friends of Arrow Creek or FOA) and lease it back for $20K/year. The plan was to submit the proposal to a vote by Arrow Creek homeowners within the next 60 days. For complete details of the proposed plan, revisit our September 19th post and click on the referenced link.
This plan has similarities, to what happened here in Somersett, with much of the discussion related to ramifications should the golf course go bankrupt and resulting effects on community environment and homeowner assessments. SU believes that these discussions are pertinent to our situation here in Somersett and therefore, may be of interest to our readers.
For those interested, we recommend visiting the “ArrowCreek 411” website at www.arrowcreek411.wordpress.com and accessing the following blog posts:
- Facts from Courthouse Documents
- Beware the Lollipop of Mediocrity…
- For ArrowCreek Residents: — READ — Moss Creek Hilton Head Example
- Facts Not In FOA Letter
- Chairman of Friends of ArrowCreek Member Managers Sends Letter
- Open Letter to ACHOA BOD from another ArrowCreek Homeowner
- Control YOUR Destiny!