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5/15/2016 4:25:28 PM
 
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Section 5: OPA Board Subject: Tax Status Msg# 949604
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Why would it be a separate entity and not anything else?
I think that the beach club's separate location from OPines was the main reason for the separate entity treatment, for IRS tax purposes. You perhaps recall that legislation was needed before there were alcohol drinks allowed at the beach club. I'm thinking it was at the state level a special law was passed, and of course there was local zoning needed, with the former facility just south. Different legalistics, jurisdictions, agencies, of course, but perhaps similar rationale. Needed to get OK for YC alcohol license to apply to separate location, needed enabling legislation. Can't recall what that restaurant run by Dr Burger was named, but I can remember when they held the weekly contests for "best body on the beach". Selective memory, it seems. Also, that restaurant got the "deal" allowing after hrs parking on our OPines lot. Not sure if this was related to zoning issue, greasing the wheels, to sell alcohol drinks at Beach Club. |
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For reference, the above message is a reply to a message where: Seems to me the administration "wants" to push the open-to-public idea, so is using the IRS as a ploy, an excuse. I agree. GM wants this to be a "city." He operates as if it already was a city. PS The Beach Club Parking was the sole exception, of course. Was considered a separate entity with no offsets for OPA's losses elsewhere. Not so sure that is the case. Why would it be a separate entity and not anything else? One issue with the Beach Club is there was loads of income and no expenses, hardly any capital I'd think. Beach Club parking was a very unusual situation -- raking in loads of money with no expenses. |
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