Colony unit owners to discuss Club Holdings tonight

The Colony Beach & Tennis Resort Association will discuss its relationship with its development partner, Club Holdings Ventures LLC, during a board meeting tonight.

The meeting will begin at 8 p.m. and will take place via teleconference.

According to an email sent last week to unit owners by Association Board President Jay Yablon, Club Holdings has expressed a desire to terminate the current development agreement.

The agreement reached between Club Holdings and the Association at the annual unit owners’ meeting April 2 and April 3 gave both parties the option of ending the agreement within 45 days with no penalties.

The board selected Club Holdings as the Association’s development partner last September.

For more information, pick up a May 18 copy of the Longboat Observer.

Contact Robin Hartill at [email protected].