Proposed Community Vote
June 4, 2025

Dear PBNA Members:

The purpose of this email is a follow up to our June 2, 2025 email regarding the South Street Partners’ (SSP) Amendment Vote. We will cover four topics: 1. Suggested questions to ask SSP during the upcoming group meetings or to be sent directly to SSP, 2. A link to a recent Geoff Block letter that he requested we include, 3. A proposed zoom Town Hall Meeting and 4. A minor editorial website/email change.

Suggested Questions

1.  What are property owners getting in return for giving up mandatory membership?
   
   How does this amendment affect the ongoing litigation by the group of 17 property owner plaintiffs?  Will approval of this amendment extinguish the lawsuit, or can it continue?
   
   
2. Why haven’t you settled the lawsuit?
   
   
3. To date, the developer has funded new amenities out of their own pocket in order to drive sales of new developer lots.  Your proposal sounds like new amenities will be paid strictly by new and existing Club members via the joining fees and such.  Is that right?  That feels like a big shift in financial responsibility.
   
   
4. What is the timing for delivery of the various new amenities?  What is the construction budget?
   
   
5. Why not limit opt-outs to 2-3% of residents?
   
   
6. How will the vote be conducted?  How will I know that it is independently counted?  When will the voting open?  Close?
   
   
7. This will encourage more vacant investment lots; how do you propose to manage/mitigate?
   
   
8. By asking for this vote, is SSP/HP acknowledging that the current Club structure is illegal?
   
   a. If so, what do you plan to do about the joining fees that have been collected to date under this illegal structure?
   
   b.  Do you anticipate a lawsuit by property owners who paid joining fees under this illegal club structure?
   
   
9. Are you planning on selling off large tracts of land to other developers? What are the building standards - price point and quality? Will they be governed by the DRB and will the standards be the same as the rest of PB? Have you sold parts of Kiawah to tract builders?
   
   
10. Under this amendment, the PB Club remains for profit? Right?
    
    
11. If you sell all or part of the PB Club, do you plan to honor the ROFO?
    
    a. If the property owners exercise the ROFO right, then aren’t we paying for all the increment amenities twice?
    
    
12. Has the SC Supreme Court decided to hear the SSP appeal?
    
    
13. The recreational covenant contractually requires the Base Club to operate on a break-even basis, i.e, as a non-profit. You have said that repeatedly to us in written communications, at meetings, etc.
    
    If that is true, why don’t you want to convert the base club from a for profit LLC to a nonprofit entity like a mutual benefit corporation or a 501(c)(7)?  My understanding is that, if you did that, it would solve your biggest legal risk?
    
    
14. Are there any downsides to members from a voluntary for profit structure?
    
    
15. How would the club manage a disparate group of members and nonmembers?
    
    
16. Are you currently shopping the property? Friends of mine in the PE world say you’ve reached out. 

Geoff Block Letter

A link to a recent Geoff Block letter that he requested we include can be found here Click here

Zoom Town Hall

To assist the members, we are planning a zoom Town Hall meeting on Monday, June 16^th from 4 – 6pm.  Details to follow.

Editorial Clarification

The PBNA contact info is as follows:

Website:  pbnabluffton.com

Email:  pbna2020@gmail.com

For any further discussions please feel free to contact any PB volunteer board member or send an email to pbna2020@gmail.com.

PBNA Volunteers

Cathy MacKinnon, John Meltaus, Frank Riddick and Allen Roth