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	Name:	Wakely -
	Subject:	Question
	Date:	4/19/2012 12:58:09 PM

In the first two phases that wasn't really a problem, because there were
no cabins in those areas. Once they got to Phase Three and started
building in areas that had cabins, they had to come up with a plan.

First, keep in mind that they couldn't offer the actual homesites to the
tenants; many Ridge lots in Phase Three are smaller than the cabin lots were, so in
essence they could offer those people the chance to build on a part of
their old lot. So the thought that they were offering people the chance
to buy their old lot is not true.

There was NO discount offered. And, in addition to buying a piece of
your old lot, they were required-- again, REQUIRED-- to purchase an
off-water lot as well.

When all was said and done, all but one cabin tenant gave an outright refusal to the terms offered; one was thinking about it but I hear they decided against it, too. Most if not all stayed on the lake in some form or fashion.