Colony unit owners to discuss Club Holdings plan

Colony unit owners will discuss the plan for the redevelopment of the Colony Beach & Tennis Resort at a meeting scheduled for April 2 and April 3 at the Longboat Key Club and Resort.

The Colony Beach & Tennis Resort Association Board’s development partner, Club Holdings Ventures, will give a formal presentation Monday afternoon, with Tuesday’s schedule including a question-and-answer period and discussion. Unit owners will not vote on the plan at next week’s meeting, as was originally planned. According to a March 12 email to unit owners from Association President Jay Yablon:

“Following the March 5 meeting at which the Town Commission made a very strong point about putting settlement discussions first (with which we agree), we decided to pursue a less aggressive schedule for the owner vote, because when owners are finally asked to vote, part of what they are voting on should either include a resolution of all the unresolved issues at The Colony, or a viable workaround for proceeding in the event no resolution or only limited resolution can be achieved.”

A plan will require the approval of at least 75% of unit owners to move forward.

Next week’s meeting is for unit owners only and is closed to the public.

Contact Robin Hartill at [email protected].