Governance Report - Selling Land - Triathlon

[Andy]

Hi Folks,

For those of you that could not attend the 25 February meeting I have
uploaded a copy of the Governace Committee Report (it is
"GovComRpt.pdf in the Files section).

The Park Board President provided a preliminary report in his 9 July
2008 letter to the Cottage Owners and Share Holders wherein he
requested that any concerns be addressed to him in writing.

Having reviewed the Erie County property tax appraisals and finding a
total appraised value of $1,891 (rounded) per share I was concerned,
particularly interested in how the appraisal would handle the lease
encumbered property and requested a copy of the report. In short, the
the Committee reported an appraised value of $1,865 per share.

In addition, the report proffered four scenarios as a methodology to
further assess future potential value. All four scenarios included
selling Park property - I personally find this presumptive
"development" to be very disturbing (or has the Board secretly voted
to sell Park land). Anyone have any thoughts they want to share with
cottage owners or share holders?? (You can post them here.)

I was delighted to learn via the Park President's 28 March 2009 letter
that the triathlon will be continued and is scheduled for August 16.
This appears to be a drmatic change from when the LPCOA reported that
the Triathlon would NOT be held in Linwood Park in 2009. Frankly, I
would like to know who voted against the Triathlon in the first place
- what an incredible opportunity to market the Park as a local
recreational center, family reunion venue, etc.

The Linwood Park Cottage Owners Google Group is a forum for discussion
about whatever you think is important.

Looking forward to springtime in Ohio ... :-)

Regards,
Andy