Change in Developer

Major events at today's WVID meeting. Fourth Quarter Properties has sold out to a new developer. Their name was mentioned once during the meeting, and I didn't get it. The meeting had to recess for about an hour and twenty minuets to wait for the closing to conclude. Four of the current Supervisors promptly resigned, and four new Supervisors were nominated and elected representing the new Developer.

This means that taxes and assesments that have been in arrears to the tune of about $4 million will now be paid, and the WVID bond debt should be brought current. It also means that maybe now there will be some progress on the Publix shopping center in the near future.

The next board meeting is scheduled for June 24th at the IslandWalk club house for 11 am. General election voting is open from 8 am to 11 am on the 24th, also at the IslandWalk club house for the first popularly elected Supervisor to the WVID board. The next few months should be interesting!!!