Bonita Bay Group’s golf course problems
The Bonita Bay Group delivered terms that may be required in order for the golf members to own their golf clubs before they are turned over to Key Bank, which the Bonita Bay Group currently owes over $100 million. Mediterra and Shadow Wood have received buy-out terms which would include a flat price for the club, assume all of the developers liabilities, and pay deposits owed to resigning members. Mediterra in total would cost over $20 million to buy out because over 60 members have resigned and still have not received their $185,000 deposits back. The Bonita Bay group has collected deposits from over 8,000 members throughout their seven clubs valued at over $225 million. They are claiming that the decrease of golfers, and people eating at the country clubs in addition to the economy is the reason why they can no longer afford to keep most of their courses.
Recently the Collier County productivity committee met and suggested the addition of fees for beach parking permits for Collier County. They suggested it as a way of reducing the budget deficit by $500,000 to $1,000,000. The fees suggested for the parking permits ranges from $30 to $75 in order to avoid reducing the current services provided currently. The public still has the chance to speak before any further decision is made by the committee. The committee has also suggested charging for park-sponsored events in order to raise more money.
Home sales for the past year ending in the month of May for 2009 show an increase in sales of 36% higher than the previous year. Overall pending sales for the greater Naples area went up 101 percent in May with 1,029 pending sales compared to 511 pending for May in 2008. The number of homes listed on the market has dropped, and the median home prices are now leveling. 
The annual Naples Fitness Challenge Triathlon took place on Sunday, bringing out hundreds of competitors. The race involves a 5K run, 15k Bike ride, and the quarter-mile swim. People came out from all different age groups, ranging from teenagers to people in their 50’s. There is one women’s title and one men’s title awarded each year for first place. After the race, free food and drinks were provided for all who entered the race.
This summer, we will be updating condominium information for the Park Shore and Moorings areas. It will be a 12 part blog, with 9-10 buildings in each set. You can look forward to some new pictures, updated site plans, pet policies, as well as other condominium updates. 
Once again hurricane season has started up, but this year a few things may be a little different. With the digital transition from analog for television sets, many people who own portable televisions are longer be able to tune in when the power is out. There are a few solutions and alternatives to dealing with this new transition: buying a new portable digital television, using a weather radio, or if you have a generator running you can use one of the new digital converter boxes. The new digital televisions go for about $150-$200, possibly making radios the best solution during this recession.
The Collier County Commissioners decided that inspections will be mandatory for foreclosed homes, but the inspections will be conducted by private contractors. The discussion will be continued on June 23, before the final decision is made. This issue has come up because of the large percentage of foreclosed homes which have had plumbing problems, mold, and electrical problems. These inspections would better assure home buyers that they purchased a safe home. 
The Bonita Springs City Council is considering a ban on smoking within public parks in an effort to keep the environment clean and keep cigarettes away from where children play. There has been complaints to the city about this issue, mainly at Community Park. If the ban was to take effect, then signs would be posted around the fields and parks to inform the public of the ban. Code enforcement officers could possibly be the ones who will enforce the policy who would ticket those who break the law. A similar law was proposed in Naples last year in an effort to make Naples a green city, but it was rejected.
Investors and homeowners are competing for lower priced properties throughout the Naples Area. The bargain prices at which houses are going for is increasing offers and sales. Bank-owned properties are starting to receive five or more offers almost immediately after putting them onto the market. This has been greatly caused by banks listing the properties just below market price, instead of above market price like they used to.