Features
AGP Declares Bankruptcy
The following statement was sent out over the weekend to “members” who had paid for a membership in the new golf club that AGP was creating at the former Oakmont Golf Club. Former Members, We hope our update today answers some of your questions. To do that, we’d like to be more transparent about some…
Read MoreMore About the NLRB and Current Cases Involving Oakmont’s Golf Courses
On 02/10/2020 the OGC and OVA were notified by the NLRB that Laborers’ Local Union 324 filed a complaint # 20-CA-256255 for: 8(a)(5) Refusal to Bargain/Bad Faith Bargaining (incl’g surface bargaining/direct dealing) 8(a)(5) Repudiation/Modification of Contract [Sec 8(d)/Unilateral Changes] 8(a)(3) Discharge (Including Layoff and Refusal to Hire (not salting) 8(a)(5) Alter Ego. On 02/28/2020 the…
Read MoreFurther Golf Course Details Revealed at July 21 Board Meeting
At the July 21 online board meeting VP Tom Kendrick presented the details of the golf course purchase and some of the current and ongoing expenses related to maintenance and capital improvements of the newly owned facilities. A previous article in the Oakmont Observer had presented most of these details as were currently available at…
Read MoreSO, WHAT’S THE PROBLEM?
Ironically, the exit of AGP provides an enormously valuable, unanticipated opportunity because there is no longer a binding 20 year obligation to fulfill. The Board should take full advantage of that opportunity!
Read MoreOVA Members Still Wait for Financial Details of Funds Sent to AGP
Plus an Update on Golf Course Purchase Costs According to the OVA financial report presented by Treasurer Elke Strunka at the June 16, 2020 board meeting (and again somewhat reflected in the most recent July report), OVA has transferred $650,000 into a cash account under OVPC (Oakmont Village Property Corporation – the legal entity created…
Read MoreGolf Course Lease “Partner” Abruptly Leaves the Building. What Now?
Advance Golf Partners (AGP) informed the OVA Board and management that they are terminating the lease agreement signed in February. In other words, according to the language in the agreement, they defaulted on the lease agreement. They take this action just five months after the agreement was signed. Prior to signing, the agreement had to…
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