Dear Toby - April 2009

Your Comments and Questions - My Replies

I receive several comments and questions from website visitors. To many, I responded individually. It occurred to me that some of these questions and answers would be of interest to all of you. I publish selected input and replies under the “Dear Toby” banner, with a new page each month to keep the pages short and readable. The most recent entry is at the top of the page.

Feel free to use the “Contact Us” button to send in your comments or questions. Your name will not be disclosed. Due to volume, I may be unable to reply to everyone.

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Question:  Do you know when the Publix at Roberts Road and SR 100 is going to open?

Toby Says:  According to a Publix spokesperson, they plan to open in late May.

Question:  What are the Property Owners Association (POA) fees at Ginn's Yacht Harbor Village?

Toby Says:  Lots at Harbor Village Marina are $330/quarter unimproved (vacant lot) and $732/quarter for an improved lot (house with C/O) that includes the landscape maintenance.

Question:  When Tesoro and Quail West were sold at a bankruptcy sale, who got the proceeds, Ginn?

Toby Says:  In a bankruptcy sale, the proceeds go to the creditors based on the superiority of their claim. In the Tesoro and Quail West cases, all the money went to the secured creditors – the investors represented by Credit Suisse.

Question:  Is Landmar ever going to begin renovation of Matanzas golf course?

Toby Says:  The timing of any new construction at Matanzas will be solely based on market conditions. I'd be surprised to see any work within the next 12 months.