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3/18/2018 11:51:50 AM
 
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Section 5: OPA Board Subject: Laughingstock Msg# 1008353
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pay interest and principle on the mortgage
There is no mortgage on the Yacht Club. It is 100% paid for. |
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For reference, the above message is a reply to a message where: I agree that We do have enough restaurants around here. And all right here in or within a few hundred yards of ocean pines are constantly packed even in the offseason. All have been successful Including the new ones. None of them serve anything special.Mediocre food and high prices. Our clubs location, view, (WATERFRONT) size, Tiki bar, and space for entertaining put them all to shame. The idea of closing it sounds nice.Unfortunately the expenses don't just go away after you lock the doors. Check with the board to see how many thousands a month this closed building will cost to maintain. You still have to insure it , pay taxes, pay utilities, pay maintenance, pay interest and principle on the mortgage. Nice thought but the building and expenses don't just disappear. |
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