Comments on: Country Club of the South sues itself http://www.earthgolf.com/2007/05/18/country-club-of-the-south-sues-itself/ Golf Course Design, Architecture, News and Commentary Fri, 27 Jan 2012 21:16:15 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Mark Osmun http://www.earthgolf.com/2007/05/18/country-club-of-the-south-sues-itself/comment-page-1/#comment-487 Mark Osmun Wed, 14 May 2008 19:15:04 +0000 http://wire2.wirenine.com/~earthgol/golf/?p=93#comment-487 A similar situation occurred at the Fountaingrove Golf & Athletic Club in Santa Rosa, California. In that case, the club’s original 18 owner-investors had initially planned to make their investments back via membership initiation fees and operations. However, those funds had been spent on club operations instead, and the investors decided to try to recoup their losses from the members--beyond the membership fees already paid. The issue later became a hotly-debated topic with many members arguing that they owed nothing, and the investors threatening to take out a unilateral $4-million loan in the members’ names, and “repay” themselves with that plus $500,000 in club reserves. Unfortunately for the membership, not enough members knew what was going on and unwittingly voted to amend the bylaws to allow the investors to do precisely that. A similar situation occurred at the Fountaingrove Golf & Athletic Club in Santa Rosa, California. In that case, the club’s original 18 owner-investors had initially planned to make their investments back via membership initiation fees and operations. However, those funds had been spent on club operations instead, and the investors decided to try to recoup their losses from the members–beyond the membership fees already paid.

The issue later became a hotly-debated topic with many members arguing that they owed nothing, and the investors threatening to take out a unilateral $4-million loan in the members’ names, and “repay” themselves with that plus $500,000 in club reserves. Unfortunately for the membership, not enough members knew what was going on and unwittingly voted to amend the bylaws to allow the investors to do precisely that.

]]> By: Rob McCance http://www.earthgolf.com/2007/05/18/country-club-of-the-south-sues-itself/comment-page-1/#comment-264 Rob McCance Fri, 14 Dec 2007 03:31:19 +0000 http://wire2.wirenine.com/~earthgol/golf/?p=93#comment-264 The link "a fight has broke out " in the original post has been taken down by the Daily Report Online. I wanted to send this to someone this evening, but of course, it's now a goner. Good ole internet. :) Rob The link “a fight has broke out ” in the original post has been taken down by the Daily Report Online. I wanted to send this to someone this evening, but of course, it’s now a goner. Good ole internet. :)

Rob

]]> By: Taylor Anderson http://www.earthgolf.com/2007/05/18/country-club-of-the-south-sues-itself/comment-page-1/#comment-261 Taylor Anderson Wed, 12 Dec 2007 03:54:15 +0000 http://wire2.wirenine.com/~earthgol/golf/?p=93#comment-261 Rob, thanks for the kind words. I apologize that I haven't been keeping up the past couple of months. Expect that to change going forward. That's a good idea, but you're right - I doubt there's many takers. I haven't kept up with what's going on at CCSO, but I'll see if I can find out. Rob, thanks for the kind words. I apologize that I haven’t been keeping up the past couple of months. Expect that to change going forward.

That’s a good idea, but you’re right – I doubt there’s many takers. I haven’t kept up with what’s going on at CCSO, but I’ll see if I can find out.

]]> By: Rob McCance http://www.earthgolf.com/2007/05/18/country-club-of-the-south-sues-itself/comment-page-1/#comment-253 Rob McCance Sat, 08 Dec 2007 19:54:26 +0000 http://wire2.wirenine.com/~earthgol/golf/?p=93#comment-253 Hey, Nice site. I like the design and the content is interesting. I obviously just discovered it so I apologize. Regarding this CCSO subject, the Board should jsut find a quality entity (Heritage Golf, etc) to basically GIVE the course to. Probably not many takers for $9M in debt. This would ensure that this entire community does not die out at CCSO. Again, nice site. Rob McCance - Realtor http://www.realtorsgeorgia.com/ Hey,

Nice site. I like the design and the content is interesting. I obviously just discovered it so I apologize.

Regarding this CCSO subject, the Board should jsut find a quality entity (Heritage Golf, etc) to basically GIVE the course to. Probably not many takers for $9M in debt.

This would ensure that this entire community does not die out at CCSO.

Again, nice site.

Rob McCance – Realtor
http://www.realtorsgeorgia.com/

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