The 15% Discount and the 15% Automatic Gratuity

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At last week’s Board meeting, the directors approved the following motion:

from Nov. 27, 2018 Board meeting agenda

from Nov. 27, 2018 Board meeting agenda

The change will become effective in 2019.  Over the last three years (ever since the discount/gratuity policy was implemented), one Admin employee has spent approximately 40 hours every month handling the billing workload that the discount/gratuity policy generated.

Three years ago, the December 2015 echo included the following paragraph as part of the GM’s article (the previous GM, who is no longer associated with Bent Tree either as an employee or as a property owner).  Click here, here, and here for previous related posts (from 2016).

excerpt from the December 2015 echo GM article

from the December 2015 echo GM article (NOT Bent Tree’s current GM)

 

 

30 Years Ago

The following is from the December 1988 echo.  It’s interesting to see that many of the things covered in the article are still topics of discussion today, 30 years later.  Take the following quote for example: “…’What are we?’  Please, let’s define what we are so we can be that.  Again, it is the most difficult question we have: Are we a Resort, Country Club, Retirement Community, Subdivision, or etc.” 

1988 12 manager notes

 

It’s a Whole New Ball Game

Bent Tree Community Properties, Inc. (BTCPI) is the corporate entity established earlier this year to serve as the brokerage for Bent Tree Community Inc.’s (BTCI) plunge into the real estate business.

Those in attendance at yesterday’s BTCI Board meeting were given the opportunity to sit in on the first ever stockholder meeting of BTCPI.  BTCI is currently the sole stockholder (500 shares) of BTCPI stock. The initial/current board of BTCPI consists of the directors of the 2018 board of BTCI, so those directors were the ones participating in this first meeting.  Two actions were taken at the meeting.  The first was to approve the steps taken so far to set up the new corporation (Articles of Incorporation, Bylaws, etc).  The second action set forth the structure of BTCPI’s Board beginning in 2019.  There will be seven directors:  The four officers of the 2019 BTCI Board will be members of the 2019 BTCPI Board (not necessarily as officers of BTCPI…but directors).  The chair of the 2019 Land Analysis and Development Committee and the chair of the 2019 Architectural Committee will also be directors.  The final director will be Gil Lewis, the broker.  His agreement includes the provision that he will be the Vice President of Bent Tree Community Properties, Inc.  It’s a whole new ball game, but with some of the same players.