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8/15/2012 11:16:33 AM
 
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Section 5: OPA Board Subject: Vote YES on YC Referendum Msg# 839614
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If this referendum passes I would suspect that there would not be a majority in favor of closing the facility in the off season. I am afraid a yes vote will be seen as a mandate for the failed "open for business plan".
Marty, you make some excellent points but what makes this vote one of the most complicated I have seen in years is that some property owners have an opinion that supports neither one of the two options that are being presented by OPA. A yes vote could certainly be seen as a mandate for a failed restaurant operation. On the other side a no vote could also be seen as a mandate for a rehab of the current facility that you support when the intent of the no vote may actually be to tear down the current facility but replace it with a smaller seasonal one that costs less than the 4.3 million proposed. |
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For reference, the above message is a reply to a message where: Don: "Marty - Your election (thanks for serving) helps me have this leap of faith" Thank you but please understand that it takes a majority vote of the board of directors to do anything. If this referendum passes I would suspect that there would not be a majority in favor of closing the facility in the off season. I am afraid a yes vote will be seen as a mandate for the failed "open for business plan". "When I look at the financial statements (focusing on YC operations) over the past five years, and take a leap of faith that a new facility will improve efficiency and revenue, a 10% improvement in both significantly closes the gap between income and expenses" Wow! With your respected economic background I don't know how you can come close to that "leap of faith". The board and management made their very best effort to increase the bottom line performance at our Yacht Club over the past two years to specifically help sell this referendum and still lost 74% more money in 2011-2012 (-$174,936.00) then 2010-2011 (-$100,940.00) and God knows what % more then 2009-2110 (-$11,396.00). Thanks again. Marty |
My referendum ballots are sitting on my kitchen table waiting for an epiphany to strike me before I check one of the boxes. 
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OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
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OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
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OPA Board Meeting - Golf Clubhouse
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