Ocean Ridge Developer Responds To Lawsuit

Saunders Hopeful For Quick Resolution

Ocean Isle Beach, NC (PRWEB) July 18, 2017

Mark Saunders, manager of the development company that is the plaintiff in an ongoing lawsuit with the defendant, Ocean Ridge Plantation Masters Association, responded today to queries about the lawsuit. "We have always had a cordial and productive working relationship with the Association, which is one of many reasons that Ocean Ridge Plantation® has thrived," Saunders said.

According to court documents of the pending lawsuit filed in Superior Court of Brunswick County, NC (16 CVS 2340), the issue began in 2010, when the governance of the Association was turned totally over to board members elected by the property owners. The recorded protective covenants that had been in place for decades called for the Developer to be exempt from property assessments, and the Developer's funding obligation to the Association to end, which is consistent with North Carolina law applicable to property owner associations.  The Developer continued to be billed for assessments on lots it owned, resulting in overpayment.
Court documents further allege that in an attempt to reach an amicable resolution, the Developer reached out to Association board members when the administrative issue was recognized, and even offered repayment terms so that the appropriate refund could be made in a way that did not create an undue hardship on the Association. Individual property owners are not parties in the lawsuit. "We continue to be hopeful that this issue can soon be equitably resolved," Saunders said. 

"Our vision to make Ocean Ridge Plantation® the premier place to live and visit in the southeast remains strong. Our community is coastal Carolina at its best, which is why it was named ‘One of the Top 100 Communities in America' by Living Southern Style and Where To Retire magazines," concluded Saunders.

Ocean Ridge Plantation® is a beautiful coastal North Carolina residential golf and beach club community offering exquisitely designed homes, award-winning golf courses, and world-class amenities. Perfect for retirees and families of all ages, Ocean Ridge Plantation features an array of inviting residential neighborhoods, distinctly influenced by lush landscapes, protected woodlands, tranquil lakes, and 72 manicured fairways. Amenities include six miles of walking trails, an upscale country club and fitness center, a private oceanfront beach club at Sunset Beach, over 300 acres of nature preserves, and a wide range of active social clubs and organizations. Its award-winning Big Cats® golf courses, Lion's Paw®, Panther's Run®, Tiger's Eye®, and Leopard's Chase®, offer some of the most challenging and rewarding golf on the East Coast. The moderate NC coastal climate and abundance of outdoor activities, including the impressive community garden centered around a restored 1830s farmhouse, contribute to Ocean Ridge Plantation being a perennial award-winning community. Visit http://www.oceanridge.com for more information.

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/07/prweb14507624.htm

Posted In: