Central Cancels Leases

Post date: Jul 08, 2010 12:36:58 AM

The board of directors approved a motion for Central to file a notice of termination of the master leases for cabin-owners’ associations at Jeffrey and Midway lakes on Central’s Supply Canal. Central is hopeful that existing cabin owners would be willing to enter into new leases with Central, drafts of which were mailed to cabin-owners at the two lakes.

The action is intended to resolve litigation over lot lease fees that has been ongoing since 1995 when cabin-owners sued to prevent Central from charging lot lease fees at the lakes.

From: CNPPID July Board of Directors Board Meeting Summary http://cnppid.com/News_Releases/2010-07-06_boardmeeting.htm