After the Vote

After the Vote, Now What?
Transitioning into Other Plans

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What can be done, and what should be done. There are many who just want the issue to go away. There are also many who still wish there was a way to keep the property. What do our owners think?

Plan A is done. We are now into Plan B. The shareholders of the FLAG Corporation voted to place the property on the market. There were several reasons to do this.

The reported resale value is too tempting to pass up. Even though we wanted the property to benefit TW, even altruism can be bought for the right price. I would love to have the capital gains for my four shares, but I also would not feel bad if I did not, and the land became part of TW. It is hard to find really good things we can do during our remaining years.

Some shareholders are sad by the way TW treated us. We thought our efforts would be appreciated. Instead, things were done by our friends who used less than friendly methods to prevent FLAGs success.

Other shareholders just want their money back. Perhaps the reason above was part of that. With the down turn the economy has taken, putting funds into our accounts may be needed.

On the other hand, something was done that needs correcting. Identifying that thing is difficult. I do not want to point fingers at any members. That promotes disharmony.

But I can point a finger at TWs legal counsel. The attorney provided incorrect information and we paid him to do that. That is a problem. The incorrect statements made by the board may also have been due to flawed advice by the boards council.

We should think strongly about finding another law firm to advise our directors who are unable to decipher our declaration and Florida statutes.

How the misinformation and biases effected the vote can never be known.

But, if the FLAG property does not sell (see PLAN B) we can ask the members again. We would need to provide them with the corrected requirements to purchase and a better method of tallying their approvals. For example, approvals are not necessarily votes, but votes are approvals.

UPDATE of 2/11/2024: Since the writing of this page, two years have passed, during which we endured Covis and Hurricane Ian. A large percentage of TW is owned by new residents who missed this opportunity and know about this tale. It is my opinion that TW residents can have another opportunity to approve the purchase. Because the TW board made untrue claims about what they can and can not do (I should use stronger words), the original vote can be considered invalid. I am hopeful the new TW board will be open minded and not just believe what was said in the past. THis is a process I have been working on over these last years. Mary is right when she said "He is like a dog with a bone".


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