Give away CV Property

Here's a letter from the Property Appraisers office in West Palm Beach, Not trusting the word of the executive in this matter The messenger Club investigated the values and received this letter in response. It shows a huge disparity in value between the two buildings. .The building UCO proposes to  trade is worth three times the building UCO will be getting in return.Not only that. The building the realty company is getting is tax free, while the building that UCO is getting paid $3713.00 in taxes last year.  This is not the " great deal" that the administration is proclaiming. The executives at UCO are either under a delusion about the values or they simply lied when they informed the committee that the buildings are of equal value.  This initiative should not be permitted to go forward.  The proposal is being put to the delegates at the end of the week for a vote. Anyone having an ounce of common sense would turn this deal down.Ask yourself: If I owned the building on East Drive would I consider an even swap for a building that is about one third of the value? This is exactly what "Team Dave" is trying to do. Watch the committee meeting where David Israel voted against bringing the decision to the delegates for a vote. Fortunately the committee decided to bring it to the assembly after they were informed by a member of the Messenger Club that a clause under Florida Statute  617 clearly says that property transfers must be voted on by the board of directors. UCO made a deal with the owners to allow the realty company the use of the building on East Drive for the use of  facilities at the Camden pool in exchange, Now that the paper can't use that facility, that deal is broken.It should break the lease on the realty building as UCO is not getting what the terms of the agreement promised. What should happen is that WPRF should permit the newspaper to use the utility  building for free. It's not acceptable to  use the clubhouse to produce the paper. We pay for the clubhouse, that means we are paying WPRF for space that is intended for recreational purposes only.  Putting the newspaper in the clubhouse means we are paying for space  that we should be getting for free under the terms of the original deal. Handing over the realty building and the property that goes with it is not in your best interest.despite the comments from committee members that it's a great deal. The answer is;  Vote this proposal down and send "Team Dave" back to negotiate a better way.