Dear Fellow Members,
We are writing you today to provide some additional information concerning our ongoing discussions with DIX Developments related to a number of issues they have raised with the PRPOA and shared with you.
As a result of earlier litigation initiated by DIX’s predecessor on Pine Ridge Unit II and Unit III, there are obligations that DIX has to PRPOA that they have asked to be excused from. As a part of that offer, DIX proposed to sell the golf course property to the PRPOA. We are engaged with subject matter experts to make sure that your Board is well informed on the transactions that DIX proposed.
Our experts are engaged in discussions with DIX and their consultants and are working to explore options in response to his offer. This response includes the golf course property which is consistent with DIX’s original request.
This Board has no plans to seek membership assessments to fund the restoration or directly conduct the operation of any recreational offering. In fact, the intent of this Board is to pursue a solution where the Association and its membership will never be adversely affected financially now or in the future by the property.
The golf course property could represent the potential, should we reach an agreement with DIX, where the PRPOA could attract others to create a recreational offering for our community that would be beneficial to the quality of life and our home values, without burdening our members with incremental cost. If the property becomes residentially developed, there will be no other options within Pine Ridge to accomplish a future offering that the golf course property represents.
Of course, there are no guarantees that any agreement with DIX will happen, and as specified in the Consultant Agreement with Pine Ridge Community Partners, if there is no deal there will be no payment. The Board is conducting negotiations for what is in the best interest of Pine Ridge.
As we reported to you on March 13, 2025, should an agreement be reached, the agreements will be shared and discussed in detail, prior to binding action by the Board being taken. We assure you that any and all actions related to this matter will meet the requirements of Florida
Statutes 617 and 720 as well as all Pine Ridge governing documents.
Sincerely,
PRPOA Board of Directors
Tom Russell, President
John Hyde, Vice President
John Stripp, Secretary
Bob Farmer, Treasurer
Sue Wassermann, Director