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The January 26th "A-B" Board Meeting

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One big new thing happened at the first combined meeting with your new "B" Board members. Bob Levy, President of the HLR Association, reached into his briefcase and pulled out a brand new proposal for adding a much needed 9 Holes of golf to the current 18 hole layout. As I understand it, this new plan will virtually put the cost for adding the new holes, said to be $1 Million plus, on the back of the the giant public corporation, Silverleaf Resorts, Inc., instead of the local homeowners. WOW! What good news this is.

Silverleaf Resorts, Inc. engages in the development, marketing, and operation of getaway and destination timeshare resorts in the United States. Its resorts offer an array of country club-like amenities, such as fishing, boating, horseback riding, swimming, tennis, and golf. The company sells its vacation intervals to individuals primarily through direct mail and telephone solicitation. As of December 31, 2005, the company owned 13 resorts, including 7 getaway resorts in Texas, Missouri, Illinois, and Georgia and 6 destination resorts in Texas, Missouri, Massachusetts, and Florida. Silverleaf Resorts was founded in 1989 and is based in Dallas, Texas. (source Silverleaf Resorts.Inc. website)

Naturally, all of the details must still be negoitiated by our "B" Board and then then the final proposal voted on by the homeowners before dirt can fly. A member of that board has said that they might be able to shoot for a Spring 2007 voting date on a new proposal.

What caused Mead to open his check book with such an offer at this time? I think it was two things. First it was the golf vote last September and then the "B" Board Election in December. Both clearly show that the majority of the Ranch is taking a more direct interest in the way things are done here and exercising more control by voluntering for "Work Groups"and voting.

There is nothing wrong with this. If one takes a serious look at the homeowner investment in this place (the total value of homes & property) and compares this total to Silverleaf's investment, we might all be surprised. We homeowners deserve to have a fair say in what happens at Holly Lake Ranch.

With Silverleaf's new golf offer on the table we, as property owners, would be foolish indeed not to recognize that a new 9 holes could benefit us all by adding to our property values and to the overall enjoyment of the Holly Lake Ranch amenities. Opinions by Wilson Crabtree

(FYI- I am publishing the minutes of both the open "B" Board and the combined "A-B" board meetings on pages A 5, A 7 & A 10 of this issue)


Last Updated on Friday, 01 May 2009 14:21  

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