ACHOA Board 3-26-15 Update on The Club at ArrowCreek

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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

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4 Responses to ACHOA Board 3-26-15 Update on The Club at ArrowCreek

  1. Wayne Krachun says:

    The communication from the Board to the lot owners continues to be pathetic. Take the March 26 update:
    “The HOA is awaiting word from the 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 HOA.” Why the sense of urgency, Sam when at the Feb Board meeting you declared that the HOA has ceased negotiations with the FOA. This statement gives the impression that the Board is waiting by the phone to hear from the FOA. Why are we so beholden to the FOA?
    “No purchase of property can take place without an affirmative vote of a majority of ArrowCreek owners.” What was omitted was, and a change in the HOA articles, by-laws, and perhaps CC&Rs.
    “Representatives of the HOA are meeting with Reno area realtors to provide agents with the latest and most accurate information about the status and vitality of the ArrowCreek golf courses.” This is a false statement. Ms Tarantino in an e-mail clarified that it is the FOA who is meeting with area realtors. But the problem is that lot owners read this false information and think that everything is going along just fine. It is not.
    “The Board wants realtors to appreciate that ArrowCreek remains a well financed, well managed and vital community.” Let’s hold hands and sing Kumbaya. ArrowCreek is a divided community, and becoming more so. And the reason is that communications from the Board are fuzzy, incorrect, misleading, and incomplete.
    Rumors fill the void created by lack of information.
    Wayne Krachun

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  2. John Lambert says:

    I understand the FOA is advertising to get new members because that golf course does not make enough money to justify its existence. An acquaintance told me that she saw an ad on television. I think the FOA should release the number of former members who have quit in the last three to five years. I don’t know a lot of golfers in ArrowCreek, but the half dozen I have spoke to go to Wolf Run or somewhere else to golf. The current media drive to get new members is an attempt to put lipstick on a pig, and it is hurting our home values. Why are we doing this? To bail out the FOA and stick us with their bad investment. If it were a good investment the FOA would want to keep it.

    John Lambert

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  3. Surprise! SURPRISED? NOT!

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  4. Ronald Duncan says:

    ACHOA,
    Cease and desist this folly as all you’re doing is hurting our property values and upsetting people who don’t want to pay for the obvious developer leavings. Once they’ve dumped the club on the ACHOA they’ll move on to greener pastures and we’ll be stuck with the clean up and lawsuits. Stop this nonsense.
    A much better path is for the FOA and APG to develop the club by getting permits to expand it, on their property, to encompass a swimming complex and exercise area. That way they have the ‘Country Club’ they want without burdening the ACHOA with their leavings.
    Ron Duncan (Definitely ONE of the Trouble Makers)

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