Current Events

I was at the meeting and nothing has been determined at this time. The owner of the property only contacted RCSC a few days ago after the property failed to sell at auction last week. The initial bid was $1.6 M and the top bid was $2.9 M, which was below the asking price. It was mentioned that RCSC might put in an option to see if it fits into the five year plan. The only possible use I heard the Board or Management offer was offices. Of course Members offered other possibilities. It's all in the beginning stages but the Board is trying to be transparent with Members. I think they may have given out too much information considering that this is a real estate transaction. It could be a very good opportunity for RCSC to acquire this property. It contains a main building and five or six separate pods. It previously was a medical rehab facility and is currently zoned medical.

 

Janet, I heard about this opportunity several weeks ago. Actually, an enthusiastic member took me to the property last year when it was on and off the market. While I never say never, I hope everyone considers that we (RCSC) are having a difficult time maintaining the facilities we have, and this would add significantly to our maintenance obligations. In addition, our utilization of air-conditioned flat space is way less than 50% which indicates we are not utilizing what we have. All of this means fees must go up by a large amount to add another recreation center. As it currently stands, our members complain about modest increases. Just saying...

 

I'm not a big fan of continuing to add assets that will increase our financial responsibilities, just as I was against the purchase of the Grand Avenue property to add an 8th recreation center, however, I am in favor of this.

I think the 2 biggest mistakes that Sun City has ever made was when they sold off our water company and when they sold and then failed to repurchase the Lakes Club property.

I say buy this now, and we'll figure out what to do with it at a later date. I just wish we could turn it into something that would produce an income rather than an expense.

 

Since RCSC is a nonprofit, I am not sure it can be used to make money. I expected to hear someone say something about increased maintenance, but no one did. Nonetheless, I am glad they are investigating this. It would give us time to properly plan a Lakeview remodel without just sticking a PAC anywhere on the site.

 

I was hoping to see a video and that slide presentation and discussion on that property?

Perhaps they're working on something a little more substantial an will post that with an opportunity for Member comments?

 

I believe non-profits can make money but the money has to go back into the corporation to benefit the members. There are many non-profits making (and charging) alot of money.Royal Oaks for one.

 

Here's an off the wall crazy thought! What if they turned those 6 units into short-term rental cottages for people who are considering about moving to Sun City? They can spend a couple weeks to get to see the area and all our amenities and things we have to offer. Include a Guest Pass???

We would just need to figure out what to do with them during the Summer heat! Lol!

Just an out-of-the-box crazy thought!

 

You're correct. I always say "non-profit is a tax-status - not a mission statement." (Humor) This is why attorneys and tax accountants are important in these discussions.

 

I hope this is taken in a positive light based on my experience building a house and remodeling several other houses. I hope that RCSC takes its time to fully investigate the level of remodeling required for this new building which is for sale to effectively function as a recreation center. Generally, purpose built buildings are very difficult to repurpose due to the configuration of the walls and the HVAC systems. I trust cooler heads will have this building professionally evaluated to determined its suitability for whatever purpose the members want the building to serve.

 

Sorry I’m late to the party on this but I did not see my recollection until recently.

This was my recollection from the creation of the joint ad hoc team and while Matt did say the pet skunk story I do not recall him selecting the name. At the time numerous people were talking at the same time about a name and I remember Dr. Chat suggesting Shalimar as it was the name of one of his daughters or granddaughters. My only input was also the name of an 80’s soul group. Anyway the name was approved or agreed to by the committee. I sat at the far end of the table when the spontaneous talking broke out and not sure who said what at the time. If memory serves me Matt told the skunk story just before the meeting broke up.

John, you were more than a facilitator and promoter, mission statements, triangles! The is the corporate goo goo, corporate gaa gaa, corporate blah blah, corporate naa naa (apologies to the late great Freddie Mercury and Radio)that I dealt with for over 30 years. I believe your goal was to totally remake the Board in an MBA’s mind. The B&F committee was your first choice to start and when that was done you would move on to another committee. My guess would be LRP. I believe you would stay away from the Insurance committee as their expertise is way above your pay grade. Thank goodness that Darbut character dropped out as you and him would be the MBA tag team from Hades. Being a student radical from the 60’s who went to class regularly, I always
received bad vibes from Darbut and later found out why.

Now back to your regularly scheduled programming.