A Course of Action

A Course of Action

Our community is facing major long-range problems that call
for equally long-range solutions. The needs are readily
identifiable. They include the failure of storm drain pipes
throughout a complex underground system that is entering its fourth
decade of life.

Pipe repairs and road subsidence refills are stop-gap measures at
best. They are expensive and represent a form of brinksmanship that
could result in personal injury and property damage litigation.
Add to this large-scale obsolescence the need to replace our
extensive pathways and the daunting prospect of remediating our pond
and lake run-off control system and we are indeed facing massive
funding needs.
The incremental increases in the dues and fees by the PB Foundation
and the PB Services Division offer little
in the way of long-range solutions.
We on the board of the Pelican Bay Property Owners Association
recommend that a joint committee be empaneled to identify these
long-term needs, prioritize them, and come up with a way to fund the
repairs and replacements. That is the responsible way to take
Pelican Bay into its next forty years as a premier residential
community.

The PBPOA recommends that the idea of using municipal bonds as a
funding approach be given careful consideration. With current low
interest rates and our favorable credit rating, the raising of
capital funds through bond issuance makes much sense. The principal
and interest on these debt obligations can be paid out over the life
of the bonds and by those benefitting from the improvements.

Let us have your thoughts. Join us as a member by sending a check
for $50 to our office at 801 Laurel Oak Drive, Suite 712, Naples,
Fl. 34108.
You can reach us at our website: pbpropertyowners.org or call us at
566 9707

Robert P. Sanchez
PBPOA President