Posted Jul 27, 2010 - Multiple Subjects Alert: There will be a Friday nighter on July 30^th with a band.  Also note your calendars for Aug 13^th and 27^th as scheduled Friday nighters.  The evenings will start at 5:30 pm, so bring along your favorite beverage and an appetizer/snack to share.  There is also a $2 cover charge to cover setups, cups, napkins, plates and other incidentals.    

     Annual Meeting:  Residents of Wolf Laurel who understand the value of owning the Village and amenities program were recognized at Monday’s Annual Meeting.  This recognition is also on our website Amenities Page as a Charter Member Honor Roll.  

     The assembly was also informed of the current standing on our efforts towards the purchase.  We still have a need for equity members at $1900 or lifetime membership at $5000.  Several venues for naming rights are also available.  

     Those of you currently on the Honor Roll are encouraged to contact friends you know who are not on the list.  A go or no-go decision on the purchase will be made on Labor Day weekend. 

Posted Jul 20, 2010 - This is a reminder that the WLPOA Annual Meeting will be held Monday July 26^th, 9am at the WLCC.  Please allow 30 minutes for check-in and seating.  All WLPOA members are welcome and encouraged to attend.  The focus for this meeting will be election of officers and discussion of the Village and Amenities program purchase by the property owners association.  A Notary will be available in the area for your convenience.  

     Also note there will be a Village/Amenities Informational Meeting this Saturday July 24^th, 10:30 am at the Barn (WL Realty Office).  This meeting is open to all residents of Wolf Laurel with questions regarding the property and amenities purchase.

Posted Jul 14, 2010 - Several residents have inquired about the structure of the equity membership offering and as to why it is necessary to have a covenant recorded on each property owner's deed. The WLPOA put a good deal of thought into this matter with the primary emphasis on 1) affordability of a membership on the front end 2) sustainability of the amenities themselves on a long term basis, and 3) the alternatives as to how an equity member might eventually get their equity membership fee back.  

     The conclusion was that the process arrived at, i.e. a redeemable membership, is the only way in which the above objectives can be attained. Alternatively, an enrollment process which featured only a transferable membership, with no ongoing commitment from the member, would result in the demise of the Village property/amenities in a relatively short time following the purchase by the residents. The below analysis describes the reasoning as to why this is true:

WLPOA :  Sale of Equity Memberships - Transferable vs. Redeemable  

Transferable - Member buys equity for $3,333 ($1.1 million divided by 330 members), no type of financing available since sustainability of amenities is questionable. No deed restriction. Member can quit and walk away at any time. It is up to member to find a buyer for his equity membership at some negotiated price. 

Redeemable - Member buys equity for $1,900, since other financing sources are available (see below). Deed restriction required. Member must support amenities program through dues each year. When WL property is sold, new buyer must join amenities program and pay equity fee. Seller of property gets his entire original equity membership fee back.

Financing of $1.1 million purchase price:

Sell 300 memberships @ $1,900 ea.           $570,000

Cash on hand                                                 50,000*

Mortgage on Community Center Bldg.        230,000*

Naming rights                                              100,000*

Lifetime memberships-30@ $5,000              150,000*

*None of these financing sources is available unless it can be demonstrated that the operation of the amenities is sustainable over time.

Impact on affordability:  As the above comparison shows, a redeemable equity membership plan (deed restriction) makes the financing plan affordable for many. An equity membership fee of $3,333 for each member is a non-starter. 

Impact on sustainability:  

          Transferable membership - If we start operations on Day 1 with 300 members, that will be the highest membership level that we will ever have. Each year, the member will ask himself this question “Now that the residents own the Village/amenities and since I don’t use them that much, should I just drop out to save myself the annual fee?” 

For many, the answer will be “Yes”. The impact will be as follows:  a) the remaining members will have to pay more in amenities fees to make up for the drop in membership b) the resigning member will seek to sell his equity membership at any price he can get; this means a reduced price for him and precludes the WLPOA selling any more equity memberships at the $1,900 level. The bottom line is that the amenities spiral downward and in a few short years, may have to be shut down or liquidated. 

          Redeemable membership - If we start operations on Day 1 with 300 members that will be the lowest membership level that we will ever have.  Each year, new property owners who buy a property in Wolf Laurel that does not have a deed restriction, and seeing the viability of the Village/amenities, will buy in to the program and will voluntarily agree to have the restriction placed on their deed.  For other new buyers, who buy a property that has the deed restriction, they will be required to buy a new equity membership and replace the position of the previous owner.  Over time, the membership will increase and the long term sustainability of the Village/ amenities is assured. 

Impact on refundability of equity fee:  

          In the case of a transferable membership, it is unknown how much the holder will eventually get back. A holder of a redeemable equity membership will get all of his money back.

           If the amount of the equity membership fee is an issue in the selling of the Wolf Laurel property, then the seller is free to negotiate the fee in any manner.

Posted Jul 13, 2010 -  Question & Answer sessions to be held both this Saturday (17th) and Monday (19th) at the pavilion at 10:30 am.  Extra forms and notary will be available.  Bring your checkbook. 

Posted Jul 11, 2010 - We are looking for an escaped beagle from the Birch Spring Rd area.  She answers to the name of Bessie, is brown and black with some white and has a collar with name and number on it.  She needs medication.  Please call 828-208-3949 or 828-689-4597 should you find her.  Thanks for your help.

Posted Jul 11, 2010 -  This Alert notification is a continuation of answers to questions regarding the Village property and Amenities purchase.  A sincere thank you is extended to those receiving this email who have already signed on. 

     The self-imposed deadline of July 15^th is fast approaching.  All objectives are doing well towards making goal with the exception of the $1900 category.  There are 220 residents currently participating in this season's amenities program.  To continue next season will require no greater a commitment than this season except for the $1900 that is refundable upon sale of your residence.  In other words to continue with the amenities is a net draw and at the same time insures our community of a secure "front door" that belongs to us.

Posted Jun 30, 2010 - Village Property and Amenities Informational Meeting, Monday 10:30 am, July 5th at the Preserve sales office –   WLPOA Board members will be available to answer your questions on the purchase of the Village property and Amenities program. There will be a notary public available to witness signatures on the forms.  Should your schedule not permit attendance, as always, feel free to utilize the website to contact us or pick up the phone and call either Jim Linkenauger or John Beneke.  Your questions can also be directed to wlpoaboard@gmail.com.

Posted Jun 24, 2010 -  Monday morning 10:30 am, June 28th at the pavilion -   This past Monday morning we had a good showing of about 30 residents with interesting and sincere questions for your board members.  With the  clearing of misunderstandings and verification of the facts, a substantial number of residents signed for equity membership. 

      It has been decided to hold these meetings every Monday morning.  If you have questions please attend where there will be a notary present to witness the form signing.  

      Also, starting Friday, June 25th and every Friday throughout July, WLPOA Board members will be available to answer your questions on the Amenities and Village property purchase.  The evenings will start at 5:30 pm, so bring along your favorite beverage and an appetizer/snack to share.  There is also a $2 cover charge to cover setups, cups, napkins, plates and other incidentals.  

      Should your schedule not permit attendance at these gatherings, as always, feel free to utilize the website to contact us or pick up the phone and call either Jim Linkenauger or John Beneke.  

Posted Jun 18, 2010 - WLPOA bylaws rewrite: 

 1. This revision is very extensive because a) we have fixed minor textual problems that dictated changes in wording (not intended meaning) and b) we have inserted the language and provisions necessary for the WLPOA to operate the Village Amenities program.  Accordingly, we consider this revision to be, in essence, a total rewrite of the WLPOA By-laws and it will be presented as such at the annual membership meeting on July 26th for approval.  

2. In order to solicit comments and improvements from the membership, the revision is being posted on the WLPOA web site for a period of 10 days (June 18 - June 27). Members wishing to comment and make suggested improvements or changes should send an e-mail to WLPOA@verizon.net. The email should have a subject of "Comment or Suggested Change for By-law Revision" and we request that the member's name be clearly indicated in the body of the email. Comments and suggestions should cite the page number and line number where a particular clause starts or where a new clause should be inserted. This will allow the Board to consolidate all suggestions and determine action in response to each suggestion or comment.  

3. Should a member wish to make a comparison of the proposed and existing By-laws for the Association, simply download a copy of the present By-laws (located elsewhere on this site) for comparison.  

4. Following the comment period, the Board of Directors will address suggestions and revise the text as deemed necessary to produce the text that will be published in the June-July issue of the of the Bald and that will be voted upon at the annual membership meeting.  

5. Should it become obvious, prior to the annual membership meeting, that it is not feasible for the Association to purchase the Village Amenities, we anticipate that a motion to table the revision of the By-laws will be entertained at the meeting. Accordingly, we will continue to operate under the current By-laws until the 2011 annual membership meeting. With this in mind, members who support the purchase of the Village Amenities by the Association should send in their purchase and redemption forms as early as possible.

Posted Jun 17, 2010 -  This reminder is for this coming Monday morning June 21st,10:30 am at the pavilion for an informational meeting on the Amenities and Village property purchase. Board members will be present to answer your questions.  Bring along the paperwork you recently received and there will be a notary present to witness the signing.  

      Also, starting Friday, June 25th and every Friday throughout July, WLPOA Board members will be available to answer your questions on the Amenities and Village property purchase.  The evenings will start at 5:30 pm, so bring along your favorite beverage and an appetizer/snack to share.  There is also a $2 cover charge to cover setups, cups, napkins, plates and other incidentals.  

     Should your schedule not permit attendance at these gatherings, as always, feel free to utilize the website to contact us or pick up the phone and call either Jim Linkenauger or John Beneke.  

      Participation in the equity ownership of the WLPOA, hence becoming a stakeholder in the Village, does indeed involve a commitment of a few hundred dollars.  However, there is an aspect of concern in that without the security of our community owning the Village and Amenities program, our property values could possibly decrease in the order of tens of thousands of dollars.  The possibility of an outside party ownership of our Village area will be a hard pill to swallow, and the few hundred spent now will seem meager down the road.  

      Very shortly, you will receive another important Alert email and notice on the website concerning proposed changes to our bylaws.  This extensive rewrite is necessary to accommodate the amenities and Village purchase, and although lengthy, please give it serious attention. 

Posted Jun 16, 2010 -  If there ever was a time to come to the plate for a home run, now is the time! We are counting on your support for the purchase of the Village and Amenities.  Please send in your check and signed documents today.  For any FAQ see our website (www.wolflaurelpoa.com) Round Table page where numerous questions have already been answered regarding the purchase.  If you still have questions, please utilize the website form, attend one of many informational events or call one of your Board members.  This opportunity to purchase the Village and Amenities and to therefore anchor the community has long been a desire for Wolf Laurel residents.  You are hearing "opportunity knocking" - answer "yes!" and Let's Make It Happen! 

 Upcoming Events

WLPOA Board members will be present to answer your questions. 

Posted April 15, 2010 - Village Bridge Construction will begin Monday, April 19th.  All Traffic to Southgate, Meadow Lane and Village Lane will use Valley View Circle.  Take Valley View Circle to the Lower Ski Lodge parking lot and turn around. Proceed back on Valley View Circle to the orange cones marking the temporary road from Valley View Circle to Village Lane at the upper pond.  The bridge should be completed in a week to 10 days.

Posted April 14, 2010 - We have a missing cat in the area of Meadow Lane and the ski slope lower parking lot.  He is black with a white belly.  Please call 680-0369 should you see him in the area.  Thank you.

Return to Top