opting out of HOA aquired golf course

Started by MarkB22 • 7 replies • 721 views

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MarkB22 (Florida)
Posts: 5

Posted:

Recently our HOA had a golf course reverted to them by a Florida county. There is no mention if this were to happen in Bylaws, R&R, Covenants. The HOA board who self appointed themselves accepted with a quick claim and tells lot owners they are on the hook foe running the golf course, no vote was taken, the county was glad to be rid of the golf course, lot owners are now on the hook for thousands. Anyone have a answer of how to divest one's self.

LetA (Nevada)
Posts: 2,679

Posted:

Sell the golf course to a developer, then watch the fur fly. Extra tantric caca.

TimB4 (Tennessee)
Posts: 21,059

Posted:

Quote:

Posted By MarkB22 on 01/15/2019 5:02 PM

Anyone have a answer of how to divest one's self.

The obvious: Sell and move

TimB4 (Tennessee)
Posts: 21,059

Posted:

I would set up the golf course as it's own entity (a subsidiary of the HOA).
Hire someone knowledgeable to run it and it sinks or swims on it's own.

GenoS (Florida)
Posts: 4,276

Posted:

It's getting harder and harder for golf courses in Florida to remain profitable. When you say this golf course was "reverted" back to you, what does that mean exactly? If it was me the first thing I'd be looking for is evidence that the board wasn't authorized to accept/buy/quit claim/receive a golf course and try to hang it on them for an ultra vires act. It could very well be, however, that the board was acting within its power to do what it did. And yes, as described in the above linked article, it could have a detrimental effect on your property values.

If you're stuck with it then the best course of action might really be to flip it and figure out what needs to be done in order to sell it to a developer. In today's "golf climate" I would want no part of owning or being forced to become a member of a golf club.

GeorgeS21 (Florida)
Posts: 3,808

Posted:

Unless the community really needs or wants a CG, the obvious thing to do it simply sell the property to a developer with stipulation of type of development ...to ensure property values are not impacted ... or, co-develop with a buyer?

Lots of option - all represent a lot of hard work.

FredS7 (Arizona)
Posts: 927

Posted:

1. You mean quit claim.

2. It is at least possible that the people who "accepted" the golf course did not have authority to do so. Maybe look into this?

CjC
Posts: 210

Posted:

I would be surprised if your documents allow the HOA to acquire property without a community approval vote. We have a defunct golf course in our community and have been in talks for years about what to do with it. is it worth us buying and re purposing? It will never be profitable as a golf course but what other options are available? There are plenty of resources online for alternatives to the courses that are going under. But start first with your local planning and zoning and see what is permitted.

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