| NEW
WEB PAGE CHECK IT OUT! |
Crickett
Cove Yacht Club launched a new Web Page on November 14th. The new
page is loaded with new features and retains the best of the old.
The new web page will allow you to keep up with all of the activities
at Crickett Cove. You will be able to log on and get the latest
copy of our news letter to get updates on our Yacht Club conversion
or other events. We would like all of our members to use the message
board feature to stay in contact with each other whether seeking
to find a fishing partner, coordinate cruising plans, or selling
a boat. If you are planning a boating event for your power squadron
or other organization,
our message board will be a great place to
post your information. You may even let everyone know about that
big fish you just caught!
Crickett
Cove Marina will close Thanksgiving Day, Christmas Eve and Christmas
Day. Dry Storage Members planning to use their boats over these
Holidays may have their boats launched the day before and we will
assign dock space for the boat during this time. We will be glad
to make sure you have fuel and/or other items you may need for the
time we will be closed. This schedule will allow Crickett Cove Marina's
employees time with their families during these holidays. In the
event of any emergency during the Holiday you can reach Ed Horton
at Home 843-280-8649 or Cell Phone 843-457-8024. Thank you for your
consideration and we hope and pray that you all have a wonderful
time with your friends
and families.
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All
ARE INVITED SATURDAY NOVEMBER 24
AFTER THANKSGIVING
Crickett Cove Fish Stew Cook-Off
AND
Christmas Regatta
(BOAT PARADE)
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A large group will be needed to judge the stews and gumbos prepared
for our annual cook-off. We will also serve hot dogs and soft drinks.
Please come and enjoy the evening of fun and watch the Christmas
Regatta. We will begin the Fish Stew/Gumbo judging at 5:00 P.M.
The Regatta should be passing Crickett Cove about
The annual Intracoastal Christmas Regatta (boat parade) is held
to collect donations in the form of cash (checks) and/or new
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YACHT
CLUB CONVERSION DATE NEAR
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Crickett
Cove has accomplished a very successful sales record. Our legal
counselors should have conversion documents completed early next
week, and we can likely begin closings just after the first of the
year. Our public Yacht Club marketing program will be launched with
the Grand Strand Boat show the weekend of January 18, 19 and 20.
This should give all current occupants time to make their reservations
before new arrivals option to purchase Yacht Club Slips and/or Dry
Storage Units. Further Club Updates Crickett Cove's original plan
was to achieve its conversion to a Yacht Club form of ownership
by establishing a corporation that would issue equity shares and
that with each share would come a perpetual right to the use of
a particular slip and/or dry storage unit. Because this form of
ownership had been used successfully from a marketing stand point,
we had hoped to use it here at Crickett Cove, however our legal
counsel, The Bellamy Law Firm, advised against this form of ownership.
Their conclusion was based on an extreme level of caution in protecting
individual owner's property rights. The other options have not stood
the test of time and there was no laws in South Carolina established
to fully protect individual owners under a corporation. It is with
this advice and counsel that we have made a final decision to establish
Crickett Cove Yacht Club through the creation of a Horizontal Property
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unwrapped toys
for underprivileged children in Horry County. You are all encouraged
to participate by bringing your donation to the Marina. North Myrtle
Beach High School's ROTC Unit will have students here at Crickett
Cove the evening of the Regatta to collect your donations. We are
encouraging all to take on the Fish Stew Cook-Off Challenge. The winning
Fish Stew will be awarded a cash prize of $500.00. You may enter by
calling the marina. Please participate by preparing your Fish Stew
and/or Seafood Gumbo. The Stew /Gumbo should offer approximately 40
guests a sample for judging (about three gallons should be enough).
Entrants may prepare their stew/gumbo off the site, however, it should
be heated and complete the final simmer here at Crickett Cove. Each
entrant should have their entry ready to serve by 4:45 P.M. on November
24, 2001. We all really had a good time at this event last year even
with the rain. Please plan to participate by entering the competition
or just plan to help us determine a winner by showing up to eat. Remember
we will have Hot Dogs and other good stuff to eat. Please plan to
join your fellow boaters here at Crickett Cove, Saturday night after
Thanksgiving, on the Island at "B" Dock.
| GRAND
STRAND BOAT SHOW AND SALE 2002 SHOW DATES JANUARY 18,19 & 20 |
The Grand Strand Boat Show and Sale will return to the Myrtle Beach
Convention Center again this year. We all hope this will signal an
early return for the 2002 boating season. This season's show is shaping
up to be a winner. Crickett Cove will be occupying booth 25 along
the southern side of the building. Please plan to come see us at the
show.
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Crickett
Cove Marina's conversion to a yacht club has gone very well!
|
We have now sold 39 wet slips and 30 dry storage units. Compared to
similar marina conversions, Crickett Cove has accomplished a very
successful sales record. Our legal counselors should have conversion
documents completed early next week, and we can likely begin closings
just after the first of the year. Our public Yacht Club marketing
program will be launched with the Grand Strand Boat show the weekend
of January 18, 19 and 20. This should give all current occupants time
to make their reservations before new arrivals option to purchase
Yacht Club Slips and/or Dry Storage Units. Further Club Updates Crickett
Cove's original plan was to achieve its conversion to a Yacht Club
form of ownership by establishing a corporation that would issue equity
shares and that with each share would come a perpetual right to the
use of a particular slip and/or dry storage unit. Because this form
of ownership had been used successfully from a marketing stand point,
we had hoped to use it here at Crickett Cove, however our legal counsel,
The Bellamy Law Firm, advised against this form of ownership. Their
conclusion was based on an extreme level of caution in protecting
individual owner's property rights. The other options have not stood
the test of time and there was no laws in South Carolina established
to fully protect individual owners under a corporation. It is with
this advice and counsel that we have made a final decision to establish
Crickett Cove Yacht Club through the creation of a Horizontal Property
4465 Baker Street Little River, South Carlina Regime (Condominium).
With this form of ownership we will offer individual titles and title
insurance to protect prospective member's investment. This conclusion
was also supported by our banks and financial advisors. It has been
the desire of Crickett Cove Marina's developers and owners to create
a facility that would stand the test of time and to establish a Yacht
Club program under any thing less that the most sound and proven method
would be departing from a standard we hope has been established. The
conversion under a condominium program will allow the transfer of
an insurable title to each member which we believe is the most prudent
method of ownership. The condominium owners association will own all
the common areas which will be fully described by plats and legal
descriptions recorded in Horry County RMC Office (Records of Means
Conveyance). This form of ownership will carry all the benefits and
weight of any other real estate. The actual day to day operations
of the facilities will be the same under the condominium regime as
they would have been under a corporation owned by the members. If
you have individual questions about the conversion process please
call Ed Horton at 843-281-9193. All those who have completed reservation
agreements will be receiving packages by mail before the end of the
year.
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