In was so unusual for residents to buy
their mobile home park that the St. Pete Times
sent a reporter around to find out why.
Here's the article, published two days
after the purchase.
Ten years after the purchase, on July 19, 1994, our Board of Directors made the last
paymenton the loan of $7.825 million
Board members make the last payment on the loan, July 1994.
(front) Cole Sebring
(2nd row ) George Wilson and Peg Ronske
(3rd row) Ed Michaud, Phil Heberger, Dick McNamara, and John Stecher
Maintenance Fee and Share Loan Payoff
Schedule in 1991
By 2001, share value was $19,975. In January 2002, share value increased to $25,000. Two years later share value was $35,000. In January 2006, share value increased again to $50,000, then to $55,000 in Jan. 2008.
Truly, Fairway Village has been
A GREAT INVESTMENT!