POA close to finishing land parcel purchase
■ The 14 parcels, owned by Cooper Communities, have been leased for decades.
A land purchase the POA board approved in May should close this month, Property Owners Association General Manager Tom Judson told the board at last week’s work session.
During the Thursday meeting, he asked the board to approve a resolution to give him the authority to execute the final land purchase. The board agreed.
In May, Judson told the board that the POA had been leasing 14 parcels of land from Cooper Communities for decades. Although the terms of the lease were favorable — $1 a year on each parcel — Cooper retained the right to sell the land at any time. The parcels include land that is in use as golf courses and trails. A large section of the Kingsdale parking lot was included. Judson said the POA should not risk losing the right to use the amenities they built on Cooper land.
The sale price for the land was negotiated with Cooper and approved by the board. It is $2,646,500.
After the meeting, Judson said, there are no plans to change the usage of the land right away, but, he said, the Kingsdale parking lot may be the site of a new Riordan Hall sometime in the future. The new Riordan Hall was one of the components of a rejuvenation plan developed during the 2016 assessment election. The assessment didn’t pass and no plans have been made for a new facility.
The board voted to appoint a new corporate secretary. Judson’s new administrative assistant, Leia Christenson, will replace Kyndall Ardoin, who has moved out of state.