A Home Association/Fraternal Corp Special member meeting will take place on Thursday Feb 11, 2016 at approximately 8:30pm (following the Regular Council Meeting). The purpose of the Special meeting will be to discuss a Letter of Intent we received on January 20 to purchase our property. There will also be a vote to authorize a negotiation team to negotiate with all interested parties on behalf of the membership and prepare a counter offer. If the counter offer is accepted by the interested buying party another special meeting will occur on Thursday March 10, 2016 at approximately 8:30pm (following the Regular Council Meeting). The purpose of that special meeting will be to vote on accepting the offer and selling our property.
The Home Association Board met on Jan 26 and established a negotiation team and authorized that team to review any offer and negotiate a counter offer. The Fraternal Board has been advised of this action and is planning to entertain and support a similar action at their upcoming board meeting. The special member meeting is designed to give the members an opportunity to add their support to the actions taken by the boards.
The Team is made up of the following members:
The negotiation team has invited Ralph Bartolotta to act as chair.
As you are aware, in a negotiation such as this it is disadvantageous to share all details with all members. The reason being that with 990 members there is a good chance that anything shared will become public knowledge and become a hindrance to the best interest of the organization. Therefore specific information on any offer will not be shared at this time.
The special member meeting is scheduled to take place after the regular council meeting to maximize the number of attendees. The downside is the late hour of the meeting and the possibility that extended discussion will make for an extra-long night. To address this we have setup a member “listening session” for Wednesday Feb 10, 7:30 pm at the hall. The purpose of the session will be to listen to member input and share general information on the process that will be followed by the negotiation team. Nothing will be voted on at the listening session. There will be time available for discussion at the Special member meeting. The Listening session is designed as an additional opportunity for our members.
Please join us for the special member meeting on Feb 11 and the listening session on Feb 10.