Opinion on Selling Sea Palms West "Greenspace" Property
Sea Palms West "Greenspace" Sale - Owner Input
Sea Palms West Sale of All or Portions of the "Greenspace" (the former 9 Hole Golfcourse, purchased by the HOA in 2019). Input from Owners.
1.
Are you in favor of selling ANY of the "Greenspace" (the former Nine Hole Golf Course that the HOA purchased in 2019 with a Mortgage from Truist Bank and is being paid off by Owners in monthly payments until 2034)
YES -- Sell ANY part that would reduce our debt. As recommended and voted on by Owners, in accordance with CCRs / Blylaws that required 75% to Vote "YES" to any Sale of Property owned by the HOA
YES -- Sell ONLY selected portions that would help reduce debt AND not lower the value or appeal of our Community and Homes. Only after a detailed Study and Presentation by a Qualified Committee of Owners and Third Party Professionals.
MAYBE -- only after a detailed Study and Presentation by a Qualified Committee of Owners and Third Party Professionals.
NO -- ALL of the "Greenspace" is valuable now and should be retained
NO -- Do NOT Sell ANY of the Property, but enforce / modify the Lease with SPR or receive Compensation for their Breach of Contract.
IT DEPENDS -- Do NOT SELL any portion until after negotiation / litigation with SPR over the Lease signed in 2019 is resolved. Then present options to Owners, with a Study by a Qualified Committee of Owners and Third Party Professionals.