RE: ACHOA Board Update on The Club at ArrowCreek
Dear ArrowCreek Members,
The ArrowCreek Homeowners Association (ACHOA) is awaiting word from the private corporate owner of the golf courses, the Friends of ArrowCreek (FOA), that they are ready to resume financial disclosures and active negotiations with respect to the terms of sale of the golf courses to the ACHOA. As previously reported, the FOA has put these discussions “on hold” while they try to build their private golf club memberships rolls using new pricing packages which were announced in February. As we have frequently stated and reiterate today, no golf property purchase will occur until all the facts have been gathered and explained to the ArrowCreek homeowners. No purchase of property can take place without an affirmative vote of a majority of ArrowCreek owners.
While the FOA hones its golf model, the ACHOA is collecting background data such as the recently released study by UNR Professor Mark Pingle of published research on the effect of golf courses on home values. We have also disseminated a survey to homeowners so that we can learn what amenities homeowners use and would like to have available to them.
Representatives of the ACHOA are meeting with Reno area realtors on a continuing basis to provide their agents with the latest and most accurate information about the status and vitality of the ArrowCreek golf courses. The Board wants realtors to appreciate that ArrowCreek remains a well financed, well managed and vital community.
ArrowCreek Board of Directors
Associa Sierra North
10509 Professional Circle, Suite 200 | Reno, NV 89521 | (775) 626-7333
931 Tahoe Blvd., Suite 2 | Incline Village, NV 89451 | (775) 832-0888