limin
08-08-2012, 08:44 AM
I found out yesterday that the lengths of slips 56 and 57 in Minge Cove Marina were increased in size from 18 to 20 feet. After questioning the Chairman of IMA, I was told the reason was because the owner of slip 57 requested an increase in length. He has been trying to sell the slip for about three years. He had an offer on the slip which was advertised for 18 feet and turned it down. The owner told the prospective buyer he received permission from IMA to increase the slip to 20 feet and had received a higher offer for a now 20 foot slip.
Slip 57 is next to the boat ramp and was most likely designated shorter to avoid interference with launching activity. Didn't the owner understand he was purchasing an 18 foot slip and his purchase price reflect it? Now, he can advertise it as 20 feet and make more money? How does that bode with owners who purchased a 20 foot slip and paid accordingly?
When did the Board intend to notify Minge Cove owners and why couldn't this have waited until the annual meeting next month? The only notification was a change on the slip map posted in the kiosk. The Chairman told me it was none of my business because my slip isn't anywhere near slip 57. It is every owner's business. We all have a 1/121 interest.
So what does this mean for the rest of us who own in Minge? Our slip size is now abstract and if we want a longer slip so we can sell it and make more money, all we have to do is make a request to the Board. Do any of us know what size our slip is and what we can market it as? In light of the major increase in last year's property taxes and resulting increased yearly assessment fee, a direct result of inflating sales prices, the owners are left to cover the tax increases, while the sellers profit and move on.
I told the Chairman I want my dock increased from 24 to 26 feet. He is meeting with the Board this coming Saturday, so please feel free to give him a call and let him know you want a longer slip too. But please keep in mind, he won't put it in writing. :confused:
Slip 57 is next to the boat ramp and was most likely designated shorter to avoid interference with launching activity. Didn't the owner understand he was purchasing an 18 foot slip and his purchase price reflect it? Now, he can advertise it as 20 feet and make more money? How does that bode with owners who purchased a 20 foot slip and paid accordingly?
When did the Board intend to notify Minge Cove owners and why couldn't this have waited until the annual meeting next month? The only notification was a change on the slip map posted in the kiosk. The Chairman told me it was none of my business because my slip isn't anywhere near slip 57. It is every owner's business. We all have a 1/121 interest.
So what does this mean for the rest of us who own in Minge? Our slip size is now abstract and if we want a longer slip so we can sell it and make more money, all we have to do is make a request to the Board. Do any of us know what size our slip is and what we can market it as? In light of the major increase in last year's property taxes and resulting increased yearly assessment fee, a direct result of inflating sales prices, the owners are left to cover the tax increases, while the sellers profit and move on.
I told the Chairman I want my dock increased from 24 to 26 feet. He is meeting with the Board this coming Saturday, so please feel free to give him a call and let him know you want a longer slip too. But please keep in mind, he won't put it in writing. :confused: