When White Mountain Vacation Village was conceived, a clubhouse was envisioned. Since the Association did not have funds or credit history to construct a clubhouse the developer borrowed money to build it. The money had to be repaid by the Association. In order to accomplish repayment in a fair and equitable manner, a lease between the developer and the Association was created.
The lease payment generates enough money to repay the loan. The lease began on August 1st 2005 and is for twenty years. At the end of the lease term, the Association has the option to purchase the clubhouse as long as certain conditions have been met. One of those conditions is that the tenant (Association) has paid the Minimum Guaranteed Rental and all other monetary obligations owed to landlord under the lease.
Arizona law requires that consideration be given when real property is sold. To satisfy this requirement, the Association must pay the landlord one dollar ($1.00) at the end of the lease.
The full lease may be reviewed on the Village People website. It can be found on the Documents, Forms and Downloads page.
The Board of Directors recently approved Bob McFadden to represent the Rancheros area of the Village. Bob is a native of Kalamazoo, Michigan and attended high school and college in Phoenix, Arizona. He received an A.A.S. Criminology and an A.A. Liberal Arts from Glendale Community College. He also earned a B.S., Criminology/Training & Development from Grand Canyon University.
Bob began his Bureau of Prisons career as a Correctional Officer at the Federal Correctional Institution (FCI) in Phoenix, Arizona. He went on to hold positions of increasing responsibilities at the Community Corrections Office in Minneapolis, Minnesota and Baltimore, Maryland, the Federal Medical Center, Rochester, Minnesota, FCI Tucson, Arizona and the Metropolitan Correctional Center in San Diego, California. Bob was Warden at the Federal Prison Camp in Yankton, South Dakota and then served as Senior Deputy Regional Director of the Southeast Region. He also served as Warden at FCI in Jesup, Georgia and at the U.S. Medical Center for Federal Prisoners in Springfield, Missouri. Bob eventually became the Regional Director of the Western Region.
Bob and his wife Barbara have two adult children. They love RVing and have traveled to all fifty states. They have traveled to Europe and Asia as well.