REMINDER TO ALL OWNERS:
November 24th , 2008
Dear Fellow Owners:
Winter is upon us. The Board would like to take this opportunity to update you on several topics concerning your community.
At the board meeting held on November 15, 2008, the Board considered a request for an extension of the effective date for the Amended Protective Covenants. The Board voted to extend the cutoff date for the use of homes as short-term rentals within the community until July 1st 2009. This is a six month extension. There are several reasons for this extension. One reason is the impact of current economic conditions. The Board understands that the real-estate market is in a severe slump and those that want to liquidate their investment properties in order to comply with the covenants need time to do so. It is not the goal of the Board to force anyone into financial ruin. It should be noted however, that the Board is very aware that a majority of owners have voted not to allow short term rentals. The decision to extend the deadline was not unanimous. There will be no further extensions. This stipulation was the only reason the extension passed. It is suggested that owners using their homes as short-term rentals do everything they can to bring their properties into compliance with the amended covenants. Additionally, every effort should be made to minimize the impact of these properties to the community during this interim period. Read More…