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I thought that we were supposed to use this thread for questions and comments on the draft of the upcoming ballot. If that’s correct, why can’t I get an answer to a straight forward question?
Has anyone on the BoD discussed the specific content of the ballot with the owners of the Country Ranch? Do the owners of the Cross Country Ranch agree with the specific content of the ballot?
Opportunity Cost
An earlier post suggested that the owners accept something less than fair market value for the XCR. That is unreasonable and unfair. I do not know the fair market value of the land but $530,000 invested a generic S&P index fund in 2005 would be worth around $2,400,000 today. That includes the market decline of 2022 but does not include the cost of money, which was remarkably cheap the past 15 years.
The owners of the XCR are intelligent adults who understand time and money, and they understood their opportunity cost for this acquisition. Clearly, they did not buy the XCR for profit. For CSS to offer less then fair market value for the land is unreasonable and unfair, and possibly vindictive.
In an earlier post Jai Pal said: “That is patently not true. The fact is that the CSS agreement for water and access to XCRanch expired on 12-31-22 and we have been exploring renewal, renegotiation or alternate solutions to benefit the Membership and the club, as fiduciaries of CSS.”
This is not correct. The agreement, which was approved by the general membership through a ballot in the fall of 2019, does not have an expiration date and it is not an agreement for water. I negotiated that agreement with the XCR and the removal of the expiration date was requested by the CSS BoD. The agreement between CSS and XCR and the content of the approved ballot follows:
“The Crestline Soaring Society (CSS) agrees to pay the Cross Country Ranch (XCR) $1800 / month for access to the XCR and shared utilities. At any time during the term either party can elect to end the agreement with a 30 day notice. The CSS BoD has the authority to continue this agreement.”
Note that the CSS members gave the CSS BoD the authority to continue the agreement but did not give the CSS BoD the authority to discontinue the agreement. That was not an accident but was discussed during negotiations.
withdrawn
I’ll be there.
I am also glad that the pilot is recovering well, and thank you very much to Dan and the pilot for that report.
I’m around this month and should be able to make myself available with a couple days notice.
SOLD
SOLD
The Dhalsten Cup has been postponed one week to Saturday, Oct 16.
SOLD
Price Reduced to $1200
I thought the Crestline XC Classic was tremendously fun this year and I got the same feedback from nearly all of the competitors that I spoke to after the awards ceremony on Monday. The weather certainly was a challenge but that’s part of the fun. In competition flying you don’t get to wait for the best day, you have to figure out how to exploit the weather you get.
You can find the results on this link: Crestline XC Classic Results
Competitions are more than just a race. We had visiting pilots from across Southern California and from as far away as Colorado. This years competitors turned out to be both talented and a blast to get to know and hang out with (pun intended). Most of the out of town pilots came without securing a retrieve but that was not a problem as we all pitched in to help each other.
On top of that, we had two outstanding and eclectic bands. Saturday night at the pond featured a rocking instrumental group, ‘in the background‘, that really amped up the vibe and left everyone feeling excited. If that wasn’t enough CSS’ own Corey Gemme and his band mates gave us some laid back, old school jazz that I could listen to all afternoon. Did I say could? I did listen all afternoon.
The Crestline XC Classic was awesome and I can’t wait to do it again.
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