Quote:
Originally Posted by graciegirl
Correct me if I am wrong.
The folks who lead the POA sued the developer and as a result control of the area north of 466 was given over to residents.( the AAC). The AAC bought a building that was a restaurant that had sit empty for 350K from Sumter Inc. About the cost of a designer home.
There is much arguing now because some residents want it as a restaurant which is not allowed.
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Not exactly but close. Actually $350,000 is more in line with premier homes. The resriction of the old El Santiago building not being used as a restaurant was part of the contract prior to the AAC making the purchase. Sadly the question of any restrictions came up several times during AAC meetings. The answer given to the board was ther are no provisions in the sales contract preventing the use of the building as a restaurant. A building inspector advised against the purchase as did Jo Weber and Rich Lambrecht. The building probably cannot be salvaged and the price paid for the site relates to a per acre cost of $1,590,909 per acre. Check out the very informed article in the recent March POA bulletin, page 8.