The rest of the story! You are in the Know now!

As the TBGCC grew, Many elements became prevalent and sections of the community that met legal specifications were anointed as HOAs (Home Owners’ Associations).  Today TBG&CC consists of ten HOA’s.  Eventually, Transeastern Properties went bankrupt and Engle Homes (TOUSA) came in as the Declarant, taking over the unsold property lots.  Falcone Enterprises retained ownership of the TBG&CC amenities.

In 2010, following a majority vote of the eligible residents to purchase the amenities, Starwood Corporation loaned the master association $3.75 million which enabled the residents to own the amenities (as the Tampa Bay Community Association).  The $3.75 million was paid to Falcone Enterprises and to Engle Homes (TOUSA).  At that point in time the residents of TBG&CC took over ownership of the amenities and Starwood Corporation owned all of the unsold lots. During the following year, the Master Association made interest-only payments to Starwood Corporation.   By the end of that year, the Finance Committee of the Master Association had facilitated a 15-year mortgage with BB & T Bank.  The amount owed to Starwood Corporation was paid, leaving Starwood with ownership of all the unsold lots and the residents as owners of the amenities.

Starwood then sold lots to two builders – K. Hovnanian and Lennar.  Homes began to be built and sold in large numbers.  Eventually, Lennar sold off all their homes, and let their remaining lots go into foreclosure. It was determined the quality of home Lennar provided could not compete with the lesser quality of K. Hovnanian, the last builder to develop the remaining lots.

Throughout the years of its existence, TBG&CC has been governed by several Boards of Directors.  When Transeastern Properties was the owner a three-member Board of Directors consisting of their employees was the governing body.  After 2010, a three-member Board of Directors consisting of two Starwood employees and one resident member took over the governing role.  Effective December 2014, the Master Association Board of Directors were seated.  The Master Association Board consists of ten members, each elected by their respective HOA’s.  There is also a Presidents’ Council that includes the Presidents of each of the HOA’s.  That Council is advisory only.
We’ve gone through 2 managers and it appears our community is in good hands.

Author: danswingblog

Dan has celebrated over 19 years as a full-time Realtor. Successfully listed and sold homes well through the 8 figure market. Advises and assists clients with challenging Portfolios! Not uncommon to be working with foreign nationals, buyers that leverage the Sterling, Euro, and similar currency. Dan welcomes the Global community, with friends in many Nations. He brings a reputation for Integrity, Expertise, and Focus. Our customers deserve the best. Currently provides Residential and Commercial B.P.O.'s, Broker Price Opinions, B.O.V's, Broker Opinion of Value to many lenders. Manage and Sells R.E.O., Real Estate Owned properties, distressed properties! Evaluate and negotiate solutions for sellers and lenders. Developed, operated and sold a Florida "AWARD WINNING" Ad Agency! 2010 & 11 Commercial Agent of the year. RE/MAX Paramount Properties. Relocated to Tampa in 2012, enjoyed retirement for 6 months. Saw unethical practices by some Realtors and choose to reverberate our profession in the Tampa area. In four years built his business to as many as four (4) transactions monthly. Mortgage brokers were calling Dan a Superstar in Real Estate. Dan and his wife relocated to North East Florida, to the community of Nocatee. Currently focusing on 55 and older communities and Luxury Real Estate. Successfully closed on many extremely challenging foreclosures, and Short Sale. Coached and participated in Commercial and Multi-Income Family REO's in the past six years. Elected to the Auburndale City Commission in 1986-88. Created and served as 1st Redevelopment Chair in 1988 & 89 personally put in place all the elements for the Auburndale CRA. 1990 City Commission refused to give a full vote of confidence. After a 5 year journey to personally raise funding, extensive research and study for the CRA district perimeters, and stunned with the Commissions doubt. Positioned himself to run for office again, was re-elected to Auburndale Commission, to serve 1991-93 to full fill the CRA master plan! Active with the Central Florida Development Council from conception in 1985 and sat on the board periodically for the past 25 years representing municipalities and private investors. The positions Dan held from 1986 through 1993 enabled him to have a complete workable understanding of the State of Florida Comprehensive Plan for Future Land Use, and the benefits of intergovernmental agreements, utility franchise expansions, and public/private partnerships! Specialties: Assets recovery & receivership, Real Estate Portfolio's, REO & Short Sale of Residential and Commercial negotiations, marketing consultant, public relations, and Broker Price Opinions for residential and commercial lenders.

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