Riverwalk is now Resident Owned!!!!

On Wednesday, February 17 our board of Directors (plus our lawyer) met with Riverwalk's owner and signed many documents completing all of the paperwork necessary for the sale of our community of Riverwalk to the residents. The next day, February 18, the scheduled closing date, our bank transferred the funds to the owner and Riverwalk became owned by the residents.

We are now in the process of making the necessary filing with the State of Florida t finalize the creation of Co-Operative. Of the 221 home sites in Riverwalk 113 residents bought a share in the community and are now owners. Those remaining residents who chose not to buy a share (for whatever reason they had) will remain as Renters and will be paying their rent to the Co-Op.

I am sure the with the Co-Op being the "landlord" now that those renting will have a better deal than we all had prior to buying the park.

To help make the sale be know to those who enter our community I made a sign that has been added to one our current signs as you enter the park. As you can see in the pictures below it states "Resident Owned". It is a "temporary" but good enough in appearance to last for a good while until it is replaced with one that matches more properly.