Before BTCI Part 7 – Bent Tree Country Club (Jan. 1976)

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Bent Tree Country Club, Inc. was duly incorporated under the laws of the State of Georgia on January 19, 1976.  The corporation was a wholly owned subsidiary of Club Corporation of America (now known as ClubCorp).  Liberty (still the owner of Bent Tree at that time) hired Club Corporation of America to manage the operation of every amenity in the Bent Tree community (including the golf course, two restaurants, lounges, meeting facilities, swimming pools, tennis courts, the lake, and the stables); Bent Tree Country Club, Inc. was the entity Club Corporation used to do that. Click here for a 2015 post with more information about the ClubCorp agreement which included reciprocal privileges at clubs across the country.  The image above is clipped from that post and shows some of the clubs that were part of the reciprocal agreement in 1983.  The entire list is included in the previous post.

A Fast-Forward to 1984 (because of a Work Session topic)

Tomorrow’s post will pick back up where Saturday’s post left off.  Today’s post is jumping ahead to 1984.  The reason for the fast-forward is one of the “Topics for Discussion” (see topic ‘E’ below) for tomorrow’s Bent Tree Board Work Session (9:00 a.m. at Club Tamarack Rec Room).

Topics for Discussion:

  • A.  WEBSITE
  • B.  RULES & REGS RELATED TO THE PURCHASE OF BEVERAGES @ THE 19TH HOLE
  • C.  19TH HOLE RENOVATION
  • D.  LOT CONSOLIDATION / LAD INTERNAL OPERATING PROCEDURES
  • E.  BENT TREE COMMUNITY REALTY, INC.

Bent Tree Community Realty, Inc.  was duly incorporated under the laws of the State of Georgia, almost 34 years ago, on March 22, 1984.  The corporation has not conducted actual business for years, but has retained active annual registrations with the state. A 1984 echo article, explaining to property owners why the Bent Tree Property Owners Association Board of Directors formed the realty corporation, is shown below. Below that is an excerpt from the Articles of Incorporation.

1984 echo article

1984 echo article

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“Welcome home to this gorgeous mountain retreat…”

300 Fairway Drive in Bent Tree just hit the market with an asking price of $285,000.  Click here to link to the listing information and/or click the listing photo below to link to a virtual tour.  Be sure to check out the amazing woodwork throughout the home, especially the wall with the fireplace.

300 Fairway Drive in Bent Tree (listing photo)

300 Fairway Drive in Bent Tree (listing photo)

Before BTCI Part 5 – the Exit of Spratlin Associates (Jan. 1972)

Despite a previous joint venture success of The Liberty Corporation and Spratlin Associates (the development of Huntcliff), Liberty gained control of Bent Tree in December 1971 and Spratlin was no longer associated with the development.  In January 1972, The Liberty Corporation officially severed ties with Spratlin.  Liberty was now not only the owner of Bent Tree, but also the developer, marketer, and management entity (through Liberty Properties Group, Inc.).

Before BTCI Part 4 – enter Spratlin Financial (March 1970)

Recap:

  • 08/26/1969 – date of incorporation for Bent Tree Corporation (under The Liberty Corporation)
  • 09/31/1969 – agreement making Spratlin Associates, Inc. the developer and marketer of the new Bent Tree resort community
  • 02/20/1970 – CC&Rs recorded for the first two sections of Bent Tree (Little Pine Mountain Section and the Hendricks Mountain Section)

The next notable corporate milestone was on March 13, 1970, when Spratlin Financial Corporation was duly incorporated in Georgia “…for the following general purposes:  to lend money and otherwise extend credit, invest and reinvest its funds, and take and hold real property as security for the payment of of the funds as loaned or invested or for credit so extended…”.  A conduit for financing lot sales was in place.

from a 1970 security deed

from a 1970 security deed

Security deed after security deed recorded

Security deed after security deed recorded

Before BTCI Part 3 – CC&Rs for each section

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Yesterday’s post mentioned the very first CC&Rs put in place for the Bent Tree resort community.  The images above and below, are from those initial documents.  Originally, each section of the community had their own separately recorded documents.

  • 02/20/1970 – CC&Rs recorded for the Little Pine Mountain Section
  • 02/20/1970 – CC&Rs recorded for the Little Hendricks Mountain Section
  • 07/25/1970 – CC&Rs recorded for the Oglethorpe Mountain Section
  • 11/06/1970 – CC&Rs recorded for the Mole Mountain Section
  • 06/04/1971 – CC&Rs recorded for the Coffey Cove Section
  • 03/21/1972 – CC&Rs recorded for the Chestnut Cove Section
  • 03/21/1972 – CC&Rs recorded for the Denny Ridge Section
  • 03/21/1972 – CC&Rs recorded for the Sharp Top Mountain Section

The following is from the 1970 Little Pine Mountain Section CC&Rs:

CC&Rs recorded for Little Pine Mountain Section, February 1970

CC&Rs recorded for Little Pine Mountain Section, February 1970

 

Before BTCI Part 2 – The First CC&Rs

Excerpt from another 1970 advertisement for Bent Tree

Excerpt from another 1970 advertisement for Bent Tree

To recap yesterday’s post:

  • 08/26/1969 – date of incorporation for Bent Tree Corporation
  • 09/31/1969 – agreement making Spratlin Associates, Inc. the developer and marketer of the new Bent Tree resort community

The next big milestone in the corporate history was the filing of the first CC&Rs for the community.  The Declaration of Covenants, Conditions, and Restrictions, Bent Tree, Little Pine Mountain Section and the Declaration of Covenants, Conditions, and Restrictions, Bent Tree, Hendricks Mountain Section were recorded in Pickens County on February 20, 1970.

Before BTCI – The Bent Tree Corporation, The Liberty Corp and Spratlin Associates

excerpt from 1970 advertisement for Bent Tree

excerpt from 1970 advertisement for Bent Tree

The image above is from an early advertisement for Bent Tree.  Bent Tree’s corporate structure history is interesting; I’ve posted bits and pieces on this website over the years, but have never posted the entire evolution.  I’m going to try follow through with a basic corporate history summary, over the next week or so, without going off on too many tangents.

So…in the beginning there was Bent Tree Corporation (not to be confused with Bent Tree Community, Inc.).

Bent Tree Corporation (a subsidiary of The Liberty Corporation) was incorporated under the laws of the State of Georgia on August 29, 1969 “…for the following purposes: to purchase, lease, or otherwise acquire, own, hold, improve, use and otherwise deal in and with, real and personal property, or any interest therein.”

At its inception, BTC’s Board of Directors consisted of six members from The Liberty Corporation (note – in December 1968, The Liberty Corporation set up Liberty Properties Group, Inc. to handle its foray into residential/recreational developements).

On September 3, 1969 Bent Tree Corporation and Spratlin Associates, Inc. entered into an agreement whereby Spratlin would develop and market the Bent Tree project.

 

4 Bedrooms, 4½ Baths, 4 Season Porch, 4 Separate Heating & Air Units

219 Coachwhip Court recently hit the market with an asking price of $250,000. This property is in an extra quiet section of Bent Tree, near the back gate.  Click here to link to the listing information.

219 Coachwhip Court in Bent Tree (listing photo)

219 Coachwhip Court in Bent Tree (listing photo)