November 1, 2010
Dear Litchfield By The Sea Homeowner,
As your Litchfield By The Sea Board of Directors, we are writing to you today as a follow up to the “Litchfield By The Sea – Preserving our Future” vote this past June. Since that time we have conducted several meetings with representatives from Myrtle Beach National to prepare a revised Agreement, which has been modified from the original Agreement to provide additional benefits for members of Litchfield By The Sea.
This Proposed Agreement requires a Litchfield By The Sea community quorum of 60% and a 75% vote in favor of the Resolution by those voting. Please recall that in the June 2010 vote, a quorum of 79% was achieved with a positive vote of 73%. The attached Agreement is similar to the Agreement proposed in June with four changes. Please note, there is no assessment associated with this Resolution nor is it dependent upon an assessment; this is a stand-alone Resolution that costs Litchfield By The Sea homeowners nothing and provides many benefits as outlined in the attached document.
This Agreement, once the conditions described are met, will restrict access to Litchfield By The Sea through the existing Easement and will provide $1.5 million to the Litchfield By The Sea Reserve Funds. Both Litchfield By The Sea and Myrtle Beach National will gain from the Agreement as described in the attached document entitled “The Myrtle Beach National Proposed Agreement”.
We, as the Litchfield By The Sea Board of Directors, encourage you to vote “FOR” the Resolution by December 2, 2010, to protect and preserve the future of this wonderful community.
Sincerely,
Litchfield By The Sea Board of Directors
