For those who may not have heard, a small group of concerned property owners including this writer (“the group”) was formed for the initial purpose of soliciting signatures on a petition asking the board to give the property owners an opportunity to vote on a proposed amendment to the covenants regarding capital expenditures exceeding $1 million and the associated member approval requirements. (1) petition Continue reading “True Colors . . .”
Month: July 2022
Let’s revisit that $20 million credit facility . . .
It’s been awhile since the last post on this site. During that interval, a January board decision destined to shape the future of Big Canoe for many years to come has now been etched in stone with the May 4th, 2022 closing of the Wells Fargo credit facility. It is done. It is closed. It is real. And our board now has unfettered access to $20 million in loan commitments while remarkably still seeking and wanting even more. Continue reading “Let’s revisit that $20 million credit facility . . .”