As a supplement to the previous post entitled “Golf Course Water Supply System Report”, and for those who are interested in the details of the Water Facilities Agreement between the Somersett Owners Association (SOA) and the Somersett Golf & Country Club (SGCC), it may be accessed via the following link:
In accessing the Agreement, particular attention should be paid to Section 3 “Operation of Water Facilities”, Section 4 “Maintenance of Water Facilities: Cost Allocation”, Section 5 “Cost Allocation for Water Facilities” and Exhibit E “Water Facilities”. These Sections clearly describe what constitutes the Canyon9 and SGCC golf course water facilities and who is responsible for what.
Per the Agreement, it will become obvious that the vast majority of the costs for operating and maintaining the water facilities currently resides with the SGCC. However, to what extent they will be willing to bear the costs as estimated in the previous posted Canyon9 & SGCC Water Supply Infrastructure Review report remains to be seen.
If indeed the maintenance and repair costs estimated in the report are accurate and required, one would hope that the SOA Board would not support the SGCC “dipping in the SOA money well” to cover costs. Perhaps if they are short of available funds, SGCC equity member assessments would be in order.