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5/3/2010 10:45:19 AM

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Section 5: OPA Board
Subject: OC Bayside Debacle Msg# 737438

From:

Joe Reynolds OceanPinesForum.com

Joined 8/1/1999

To:

Rick Wilson (Read)

Joined 5/21/2005

Rick, there may have been prior leases that included use of all the property but not the recently expired one. It was for parking only, according to director Les Purcell.

When the 99-year lease was under discussion there were some board members and the GM who almost seemed to be on Seacrets side. Seacrets owner was seen picking up Tom Olson in his boat, presumably to go over to Seacrets or his home to discuss the terms.

Association members wishing to be informed have the opportunity to do so.

For example, check the following video:

OPA Board 6-10-2009
OPA Board meeting to discuss 99-year lease of OC bayside property to Leighton Moore (Seacrets). 6/10/2009.

Also here are links to other board meetings where the lease was discussed:

OPA Board 4-14-2010
OPA Board meeting. Public comments, GM report, credit agencies, OC bayside land, Seacrets lease, and more. 4/14/2010.
OPA Board 8-11-2009
OPA Board special meeting to set Community Hall locker policy; Seacrets lease. 8/11/2009.

OPA Board 11-19-2008
OPA Board meeting. Slots, Seacrets lease, Resolutions, refuse contract and more. 11/19/2008.

Then there is Art Sachs' presentation at the last board meeting near the beginning of the following video:

OPA Board 4-14-2010
OPA Board meeting. Public comments, GM report, credit agencies, OC bayside land, Seacrets lease, and more. 4/14/2010.

For reference, the above message is a reply to a message where:

........ was for Seacrets use of the entire bayside property, not just parking rights as had been the case with the prior 5-year lease ............. the lease was for the use of the entire property.

Seacrets has been leasing the parking lot for years upon years. No problem. Now all of a sudden OPA significantly improves the lease for Seacrets side of this equation (for reasons unknown).

Is this expanded lease OPA's way of compensating or apologizing to Seacrets for not being able to sign a 99-year lease?

Now OPA is trying to justify their improving Seacrets side of this lease because in the opinion of one person, "such a project would never take place." The walkway project was only an idea, one of potentially many ideas or uses OPA could have for this property, especially if it's filled in.

We don't know for sure, and the board didn't know the entire time it was negotiating a possible 99-year lease with Seacrets, who almost hit the jackpot at OPA's expense.

OPA was negotiating a 99-year lease and didn't know all the facts about their own piece of property. And one can infer they didn't care to know. One can guess that Seacrets knew all there was to know about this piece of property, property located in OC on Coastal Highway, before trying to get a lifetime lease. Who would go to that much effort to get a 99-year lease on a parking lot?

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