Cordillera Property Owner’s Association to Acquire Community Assets


The assets of the Club at Cordillera were acquired today by Wind Rose Holdings, LLC, the successful bidder at the auction on 10 December 2012.  As contemplated by the global settlement agreement reached by the former Club owner and the community in September, the CPOA will acquire ownership of the Community Assets (Short Course, Summit Athletic Club, and Trailhead) as of Monday, 31 December 2012. Once closing of the assets occurs on Monday, the assets will be owned and operated by CPOA, and will be available for use by all CPOA property owners and residents. Specific use guidelines for the Short Course and Trailhead will be developed over the coming months, in advance of the summer operating season.

Wind Rose has indicated that the Summit Athletic Club will be open, consistent with the past operating schedule for the facility, until closing of CPOA’s acquisition of the assets.  Following CPOA’s acquisition on Monday, 31 December 2012, the Summit Athletic Club will be open to all CPOA members as of Tuesday, 1 January 2013. In general, anticipated seasonal operating hours for the Summit Athletic Club will be 10 hours per day/7 days per week from Labor Day through Memorial Day and 16 hours per day/7 days per week from Memorial Day through Labor Day. Extended operating hours may also be added during other peak times (such as Winter Holidays), as warranted by demand. There will be no additional user fees for CPOA members to access the Summit Athletic Club, as the costs of operation will be covered by CPOA’s base annual assessment.

We look forward to seeing you all at the Summit Athletic Club and thank you for your continued support of Cordillera.

Sincerely,

CPOA Board of Directors

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