November 2012

Page 1

HBTSNEWS

November 2012 www.hbtsnews.com

This is a publication written and produced by Sandpaper Publishing, Inc./Navarre Press for the owners of HBTS and is not an official publication of Holley by the Sea Homeowners’ Association, Inc.

Contact Holley by the Sea President Pete Peterzen Internal Vice-President Brooke Goldberg External Vice-President Pat Traynor Treasurer Jean Tashlik Secretary Joseph Hart Email the board: HBTSBOD@holleybythesea.org

Interim General Manager: Jennifer Barrett Email: hbtsaccting@ bellsouth.net

Holley by the Sea Homeowners’ Association 6845 Navarre Parkway Navarre, FL 32566

Meadowbrook selling Hidden Creek By Yvonne C. Harper HBTSnews.com On Nov. 29, Meadowbrook Golf will no longer own The Club at Hidden Creek. The golf course has been on the market for more than a year and the going price is $2.25 million according to Scott Beasely, vice president of operations of Meadowbrook. Meadowbrook, a golf course management, maintenance and supply company, owns three golf courses in Northwest Florida. Known as the Emerald Coast Golf Trail, the courses include Hidden Creek,Tiger Point Golf Club in Gulf Breeze, Shalimar Pointe Country Club and Scenic Hills Country Club in Pensacola. Meadowbrook has since sold Scenic Hills to the University of West Florida. Beasley said that his company is being forced to sell the golf courses. “We borrowed $15 million in 2007 to rebuild the club house at Tiger Point and Hidden Creek,” Beasley said.“Two years ago, our lender Textron Financial had $2.2 billion in golf course loans, and they decided to get out of the business completely.” Textron sold and paid off about half of the courses it owned during the first year. “They came to us at the beginning of this year and told us they wanted us to sell the property,”said Beasley.“We never missed a payment, but they said they we’re going to sell the portfolio by November and it was in our best interest to sell.” Beasley said Meadowbrook closed

Staff reports HBTSnews.com

Submitted photo

The Tuscan Grille and The Club at Hidden Creek is in need of new owners. Meadowbrook is asking $2.25 million for the property . with UWF on July 1 for the Scenic Hill Country Club. He added that there was a lot of interest in the remaining three. “I do think between now and the 29th (November), we will sell at least two if not three,”said Beasley. “But it’s one of those deals where nothing is ever done until the checks have cleared.” Beasley noted that Hidden Creek is profitable, even during the last few years, and that is the biggest struggle for him. “The biggest struggle for me is we’ve survived. We’ve never missed a payment and I can see the light at the end of the tunnel, but we don’t have a choice,”he said. Two weeks ago, Textron sold all of its remaining loans to a trust fund out of Boston, according to Beasley. Beasley said he approached the Holley by the Sea board of direc-

tors about the possibility of selling the course to the homeowners association, but the offer was declined. Pete Peterzen, HBTS board of directors president, said during an Oct. 9 BOD meeting that he had been approached about HBTS buying the property. “I don’t think so, although it’s a good price,”Peterzen said. “I wish that we could’ve sold the golf course to the subdivision, but that won’t happen,”said Beasley. “At Shalimar Pointe there’s a good chance a group of members might buy theirs.” Beasley said that when the property sells, he hopes Meadowbrook will be retained to manage the property. “What I’m trying to do is create an opportunity for Meadowbrook to stay on and manage the course. Hidden Creek continued on page 2

Kenneth Gonzalez, 21, of Navarre was charged with DUI, property damage and careless driving on Oct. 20 after driving his vehicle through Hidden Creek Golf Club. According to a Florida Highway Patrol report, Santa Rosa County Sheriff’s deputies responded to PGA Boulevard around 11 p.m. because a Nissan Xterra was improperly parked on the golf course. Deputies arrived on scene and knocked on the Gonzalez’s car window to wake him up. The knocking startled Gonzalez and as a result, he stepped on the accelerator and began to travel west through the golf course. According to the report, deputies began to chase the vehicle on foot. The vehicle continued traveling west before entering into the backyard of the residence on Masters Boulevard. The front of the vehicle struck a screen terrace in the back of the residence. Gonzalez was not injured, according to the report, but his vehicle suffered $2,000 worth of damage.

Holley-Navarre Water board mulls golf course purchase CURRENT HBTS RESIDENT

PRST STD ECRWSS MAILED FROM ZIP CODE 32566 PERMIT NO. 61-509

850-939-1693

Man arrested after golf course drive

By Yvonne C. Harper HBTSnews.com Holley-Navarre Water System has formed a team to review the feasibility of making an offer on The Club at Hidden Creek in Holley by the Sea. Meadowbrook Golf, the owner of the golf course and club is asking $2.25 million for the 150acre course according to Scott Beasley, vice president of operations. The sale of the golf course came up during an Oct. 17 HNWS board meeting.

Ken Walker, HNWS general manager, said that he had first learned the property was for sale after reading about it in the Navarre Press. Walker said that in 1990, HNWS signed an agreement with the Maga Corporation, which later became Bayfront, allowing HNWS to purchase the spray field rights to the Hidden Creek golf course. “So we paid them money to allow us to spray the golf course with our reclaimed water,”said Walker. In 1994, the agreement was

modified and streamlined to give HNWS use of the property. “In the event the golf course cannot be maintained then we can step in and still spray our reclaimed water, even if we have to cut the grass,”explained Walker. When Meadowbrook bought the property in 2003, HNWS worked out an agreement that resulted in an increased capacity for the water company. HNWS spent $650,000 and Meadowbrook paid $200,000 to have new pipes, spray heads

and apparatus installed. “We have about $1 million invested in the golf course spray field already,”said Walker. He said the golf course was important because HNWS would not have any place to disperse reclaimed water if it closed down. Walker described the golf course as prime upland land with very few wetlands. “If we were to try to buy additional land to spray on it would be more than $10,000 an acre,” said Walker. Water board continued on page 2

Valid through November 30, 2012


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