WHAT CONCERNED NEIGHBORS OF ARROWCREEK (CNA) AND BETTER FRIENDS OF ARROWCREEK (BFA) (WHOEVER THEY ARE) “FORGOT”
Posted on December 1, 2015 by ArrowCreekTruth
The reason this blog has taken so long to write is that it was assumed that the above two entities would do what is expected of groups before they send information to the community. However, they did not report to the community important facts about the sale of golf course to the HOA. Or they “forgot” to relate those important facts.
The $1,972,398 referenced is ONLY the court administered cost. Both of those entities “forgot” to tell the community about the FACT that the FOA has assumed and will pay six Special Assessment District (SAD) payments totaling $761,130. That the FOA has to pay these payments is manifestly obvious because it is in the LOI in paragraph 3 where it says “Subject property will be free and clear of any taxes or penalties and SAD to be paid at or prior to settlement by FOA.” Clearly CNA and BFA knew or should have known that the FOA had to pay the SAD but “forgot” to tell the community.
Did the CNA or BFA think there would be no attorney’s fees or costs for the bankruptcy or fees to close the sale? The FOA incurred #101c168 attorney’s fees, $9978 sales tax deposit, $7487 SD&O insurance, $7125 escrow costs, and $2987 miscellaneous costs. CNA and BFA “forgot” to tell the community about these costs totaling $889,575.
THE TOTAL COST TO PURCHASE THE COURSE IS $2,773,314 NOT $1,972,398. The CNA AND BFA “FORGOT” $899,575 of costs to purchase the course.
The next big cost the CNA and BFA “forgot” is the $1.3 million the FOA is spending in good faith to repair past damage due to neglect and upgrade the course, in order to build a thriving entity that enhances the overall value of our community. The investment will benefit all of us, if ArrowCreek is the premier 36-hole golf course community in the area.
Note to ArrowCreek Truth from ArrowCreek411:
Maybe what FOA and ArrowCreek Truth “Forgot” was that FOA hasn’t told the WHOLE ArrowCreek Community any of the above dollar “Facts” in writing before! So, THANK YOU!! Those who have access to time and computer systems have been able to get at FACTS that are out in legal documents in the judicial system and have shared them – but those facts have been denied and denounced without any explanation by “the other” side. However, the FACTS according to the FOA? Well, we are still waiting for them! Bring them on! Do tell! How about telling the WHOLE ArrowCreek Community how much of the $1.3 million is going towards the DIRT that we are being pushed to buy? So, given the breakout exposed above, the ArrowCreek Community is expected to reimburse the FOA for all its expenses of the last year? So, whose idea was this any way? What exactly was the idea? Why wasn’t the ArrowCreek Community asked at the begnning of this mess what the WHOLE COMMUNITY wanted?
Assumptions?? Speaking of assumptions, who is assuming the WHOLE ArrowCreek Community is willing to assume this prize package? What is the break out of the one year track record the FOA has just finished? What is the FOA one year plan, five year plan? Why should we ArrowCreek owners make this investment? Give us undeniable facts, please! The “Truth” on ArrowCreek Truth is JUST AS opinionated as what can be found on ArrowCreek411. At least ArrowCreek411 does not censor or twist opinions that do not match our own! So far, people are surmising that the FOA Plan is to get as much money as possible and laugh all the way to the bank! PLEASE DO TELL US THAT ISN’T SO! The ArrowCreek Community is much bigger than the little group that meets at the Golf Clubhouse! The WHOLE community has been waiting for MONTHS to get the details of this secret story! PLEASE DO TELL!!!!