Captain's Cove Members Vote To Partner With Developer
In a Special Meeting of the Members held May 20th at 10:00am at The Marina Club, the Members of Captains Cove voted to partner with the Developer by purchasing The Marina Club, all stock in the Utility Company, and many of the Developers rights. Here are the results of the vote:
| | Votes for the Proposal | Votes against the Proposal | | Class A Votes | 111 | 109 | | Class A Votes by Proxy | 171 | 127 | | Class A Vote Total | 282 | 236 | | Class B Votes | 4098 | | | Total Votes | 4380 | 236 |
The deal will still need the approval of the regulatory agencies regarding transfer of the Utility Company stock, as well as approval of Captains Cove Group LLC's plan for reorganization submitted to the Bankruptcy Court.
It is significant to note that the Membership of Captains Cove Golf & Yacht Club passed this proposal without counting the votes cast by the Developer. This is easily the most important issue that the Membership has faced, ever. I thank all of you for the good questions asked, and for keeping things civil in our meetings. While we work on the details of closing the transaction, I hope we can all enjoy another great summer season here at The Cove. The Association Staff and our Volunteers are working hard to make your experience here as enjoyable as possible. In closing, I hope to see you all at Summerbration, July 4, 2009.
Sincerely,
Lance Stitcher, CMCA, AMS
General Manager
- July 2009 Cove Chronicles
Posted: 07 - 09
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- Cove Happenings...
Summer is here and Captain's Cove is a busy place. If you haven't already done so, please consider subscribing to our email list by dropping us a note at: captscove@gmail.com We send messages out several times a week keeping people informed with what is happening in the community.
Posted: 07 - 09
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- Neighborhood Watch
We are looking for new members to help with Neighborhood Watch.
It runs for a week doing only one (1) hour in any neighborhood.
Please contact Jud or Gail Wright at 757-854-1919.
Posted: 07 - 09
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- CERT News
By Tom Hruska, Co-Chairperson
On July 11, 2009, the Captain's Cove Community Emergency Response Team (CERT) will conduct a high wind exercise in order to test our communications system.
Posted: 07 - 09
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- Anglers' Corner
Angler's, what a spring. From casting into the surf, dropping bait into the wrecks and drifting the edges for that 19 inch flounder, this spring has been one of our best in recent years.
Posted: 07 - 09
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Photo courtesy of David Landsberger
Captain's Cove Golf & Yacht Club
is a Drug Free Workplace
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