By Ron Duncan
If the ACHOA Board were merely dealing in common cents, we’d all applaud.
Unfortunately they are dealing with very real dollar issues.
This is further complicated by the lack of open meetings that candidly discuss options to an end that affects all of ArrowCreek.
From the beginning, the Golf Course issue was hidden from the general property owners in the ArrowCreek subdivision. From that first meeting at the ASSOCIA office spaces on 14 April 2014, between the ACHOA Board members Paul Burkett, Sam Fox, Robin Rakusin, Rich Kenny and Century Golf (the parent company of Arnold Palmer Golf Management) until the October 2014 ACHOA Board meeting, there were no communications to the ArrowCreek owners about a plan for the golf course. A deal was sealed. Only in October did the ACHOA BOD reveal that a plan had been developed to form a ‘Joint Venture’ with Arnold Palmer Golf Management. Unfortunately, the ACHOA Board, relying on legal counsel, discovered that the ACHOA is prohibited from becoming a ‘for profit’ corporation in the ACHOA Articles of Incorporation. Now the tap dancing started – to stay with the donors but get legal with the property owners. So, the ‘plan’ for a Joint Venture was abandoned in February 2015 – but not before the ACHOA ACCC presented to the assembled property owners a budgetary estimate of how the ‘Joint Venture’ would make a profit in year 3, with only a $100 increase in monthly dues.
Next from these same individuals came a pitch ‘to control our destiny.’ This was a poorly disguised ‘pitch’ to persuade the ACHOA property owners to buy the ‘land’ and worry about what it would be used for after a purchase. But wait! There’s more! That then led us to the ‘Green vs. Brown’ discussion. This should not even be a topic of discussion for the ACHOA as we do not own the property, and the people who do own it have full control of its use. If one moves to the ‘high desert,’ one should expect ‘high desert.’ If one moves here for the golf assets, then there are still plenty of them provided within an hour’s drive of ArrowCreek. If one moves here for the security of a gated community with common swimming pools, tennis courts, walking paths, exercise equipment and serenity, those have been identified as amenities and we still have all of that.
So, why have this discussion of ‘Green vs. Brown?’ Are we that panicked over the potential of a fire? The September legal opinion from the ACHOA lawyer says it is not our responsibility UNLESS we own the property. The Washoe County Truckee Meadows Fire Protection District Fire Marshal has stated the same fact last May.
IF we were to own the property, we would take on a HUGE financial liability that would decrease every home value in ArrowCreek for years to come.
IF the course were to go ‘Brown,’ the table below contains some actual data that the ACHOA Board refuses to acknowledge: All properties referred to in the table are adjacent to their respective current and former golf courses. The values are extracted from the UNR Brian Bonnenfant study. Analysis of the values in the study demonstrate that home values follow the local general housing market. After 24 months, at most, ArrowCreek property values would be down a projected 1%. They are worse off today due to the uncertainty of the ACHOA path forward.
So, what is really behind the urge to acquire the golf course? It is not to make a profit – that is prohibited by our Articles of Incorporation. It is not to ‘control our destiny,’ the developer took care of that in Planning Commission Case number DA9-1-93-2. ArrowCreek has allocated all the lots permitted under that agreement with the original property owners. So, what is it? Is it to support a private corporation to provide entertainment to select property owners?
May The Club live long and prosper!! May the ACHOA keep out of private business affairs and develop the ACHOA amenities described in our Articles of Incorporation and CC&Rs!