Wednesday, August 12, 2009
Allyson Acres property owners rights!
Even if the developer was the sole owner of the amenities/ facilities and could transfer or sell his interests to "Southwest Investment Company" the owners of property that he had sold and collected fees for road upkeep and beautification. Would they not be entitled to some type of consideration or compensation for buying property in belief that those facilities would still be available for their use. Also the property owners would have the choice of joining the Lakemont Shores POA and not be forced into paying fees for which they had no vote in joining.
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The reader may read for himself in the 1975 property report on pages 8 and 8a. Where it states "The $24.00 per lot per year assessment for road maintenance and beautification will be partially used for maintenance of the public recreational facilities. Therefore, lot purchasers may be paying a disproportionate share of maintaining the facilities". Would this not constitute some ownership of the facilities by the property owners?
ReplyDeleteYou may read the Agreement between Studebaker Land Co. and Southwest Investment Company at http:/www.scribd.com/paaws There is no mention of the existing property owners rights or any mention of a POA. The property owners would have the right to belong too or not belong too a POA!
ReplyDeletethe web address to view the agreement should read http://www.scribd.com/paaws2
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