Policy 8

Sale of lots

From time to time the Club acquires lots which are being foreclosed upon to satisfy debts. These lots will be resold to recover the dues, assessments, costs, interest, etc., charged to the property over a period of several years.  These lots will be posted on the bulletin board at the clubhouse and included in normal correspondence, such as the Newsletter, to all members. Any profit realized through such sales shall be credited to the water reserve fund.

Anyone interested in purchasing a lot or lots should contact the LISE at 1211 Island Drive, Lummi Island, Washington, 98262. Include at least $100.00 (U.S.) earnest money and state your total purchase price, down payment, monthly payment amount and interest rate you are willing to pay.

All offers will be acted upon by the Board and the action of the Board will be final.

Anyone wishing to receive notification of lots available for sale may request a list at any time from the Board by writing to the club office at 1211 Island Drive, Lummi Island, WA  98262.

Effective 10 April 1982, revised 13 March 1988 27 February 2000 and 11 June 2000.
Approved by the Board of Directors in regular session 10 April 1982, Wallace W. Croy, President.