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HOA NEWS | THE COLONY NEWS | JANUARY 2022 | 13 property. Under the CC&Rs, it requires a majority (50%+1) of the entire membership to approve the acquisition and 55% to approve an annexation. 45. Does the golf course property need to remain a golf course? Response: Under the current zoning and deed restrictions, yes. 46. Is Majestic Asset Management a holding company, or conglomerate? Response: Majestic Asset Management is a Nevada Limited Liability Company whose members are Jen and Hai Huang. General Statements from Members 47. Statement: If you do not own the dirt, you have no control over the golf course property. We do not have to save the golf course, but we should own the dirt to maintain some control over what happens with any development. 48. Statement: Jackson Holes and flat area on Hole #1 are all developable. 49. Statement: I hear some golf courses are being turned into vineyards and wineries. That would be good. 50. Statement: Individual owners could band together, form a partnership, and purchase the golf course property. 51. Statement: If course closes, it will look like fingers and slopes; if a developer buys it, same issue. Options if foreclosure happens – our options increase if we acquire. 52. Statement: No matter who purchases, we need to divide the fingers and slopes from the golf course. 53. Statement: With a purchase, homeowners are looking at a $3,000 - $4,000 expense versus in excess of $100,000 loss in home value. 54. Statement: Temecula newspaper article… A proposed development near the Duck Pond… Temecula tried to require single family dwellings this was overridden by the state requiring multifamily dwellings. 55. Statement: We need control – We need a lien against the golf course property. Continued from previous page New Residents John Mades and Meilin Motter ........40132 Corte Peralta ...... jdaveboy@gmail.com .................... 805-405-6018 (John) ......................................................................................................................................................805-405-0378 (Meilin) Christine Story .................................40662 Via Amapola ...... yogabychristine1@gmail.com ................... 760-403-5451 Susan Sikkink & Rosalie Patmor ......24240 Calle Artino ....... suesikkink@gmail.com ................... 951-551-3867 (Sue) ................................................................................................ sbrose05@msn.com .................. 805-245-3056 (Rosalie) Dana Holiday ....................................23927 Via Pamilla ........ Dana.e.wolfe50@gmail.com ...................... 951-600-7934 James Kwasigroc ..............................40173 Corte Lorca Jan Schuller ......................................40188 Via Aguadulce

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