3/4/2014 11:55:34 AM
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Section 5: OPA Board Subject: COPE Golf Petition? Msg# 879525
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If you have to pay taxes on land that isn't producing revenue, it is a liability, I don't know if we pay property tax, do you?
We pay no taxes on common property with a couple of exceptions. I think we pay taxes on the commercial property in the area along 589 between the Post Office and Taylor Bank. We also pay taxes on the specific areas we lease to Seacrets for parking over in Ocean City, however, Seacrets includes the cost of the taxes in what we receive as lease payments. And it seems to me that if the course were a good investment for golf, there would be interested buyers, so put it on the market and see what the response is. I am personally opposed to OPA selling any of our commonly owned property. OPA is in perpetuity. Have you got any data to support that statement? Common sense. There are a fair number of golfers in OP. Many of them play elsewhere. If all OP golfers played or joined the OPA course then I believe any money issue would disappear. OPA had 800 golf members at one time, and that was when there were far fewer properties in OP. Maybe we could turn it into an asset for HOA members and use the revenue to continue operations or build a new Yacht Club or even give a bonus to the GM So.. selling the golf course might allow OPA to give a bonus to the GM. Is the bonus for his successful enterprise with Java Bay Café, for reducing operating losses at the YC, or what? and btw, I am a member so I am holy and above reproach. |
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For reference, the above message is a reply to a message where: If you have to pay taxes on land that isn't producing revenue, it is a liability, I don't know if we pay property tax, do you? and btw, I said operating a golf golf course at a loss is a liability I didn't say owning the land was a liability. there would be no problem if all those who place great value on it spent their golfing dollars in OP rather than other courses in the area Have you got any data to support that statement? and btw, I am a member so I am holy and above reproach. And it seems to me that if the course were a good investment for golf, there would be interested buyers, so put it on the market and see what the response is. Maybe we could turn it into an asset for HOA members and use the revenue to continue operations or build a new Yacht Club or even give a bonus to the GM |
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