2 / 14 /’94

THE CLUBHOUSE IS

OURS AT LAST!
River Ridge
signs deed.

We’ve all been waiting with baited breath for the deed transfers which were negotiated with River Ridge last June. Most of the delays have been caused by engineering and legal requirements that Pasco County had set down for the transfer; but that is now a matter of history.

The deeds have been signed. Here is a breakdown on the settlement.

CLUBHOUSE: It is now owned by the Tall Pines Community Association, mc, lock, stock and barrel. The parking lot is also a part of that same deed. River Ridge as a part of the negotiated settlement painted the building’s exterior prior to turn-over.

The Clubhouse is for the exclusive use of the Tall Pines residents.

POOL AND RECREATION FACILITIES: The pool and recreation facilities were purchased by River Ridge from the Bankruptcy Court shortly after the A.M.& D’s demise. That ownership remains with River Ridge, but the Tall Pines Members have free use of those facilities so long as River Ridge owns even one parcel of land within this community. Thereafter, the members are allowed continued use on a user—fee basis. Tall Pines has no obligation of support and maintenance of those facilities; but the facilities may also be used as River Ridge shall permit, except for twelve hours weekly of exclusive use by Tall Pines residents.

ROADS. GATEHOUSE AND SIGNS: The roads within the community have been deeded to Tall Pines, which will now be responsible for their maintenance and repair. During River Ridge’s construction and development, a performance escrow fund has been established to defray construction equipment damage. The Board will soon consider repair and replacement of all the communities signs and River Ridge has pledged $500.00 toward those repairs.

A FINAL NOTE: The process of negotiations, settlement and deed transfer has been long and laborious. It was a difficult task, made easier by the fact that Mr. Nielsen of River Ridge wished only to bargain fairly and equitably with the community. A strong working relationship and one of cooperation and reciprocity flow exists between River Ridge as a developer and Tall Pines. This will have a significant and positive impact upon the community and the Real Estate values of every owner.