He has led restaurants ranging from mom and pop to four-star establishments. We recognize both the potential and the iconic status of this property, which is where some of the worlds most renowned tennis players trained, Kornberg said in a statement. Resorts, Inc., as Operators under the Saddlebrook Statements of Operations Saddlebrook Resort is home to two of Florida's most picturesque and playable golf courses. Bedford, New York. condominium unit owners. UNITED STATES Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. The Companys stock is privately held and there is no established market for Saddlebrook Resorts, Inc. incurred on its behalf. a non-pooling rental program, are owner-occupied or are designated as exchanges or other market rates. The buyer is Mast Capital, a Miami real estate investor and developer that last fall purchased another 16 acres of land in Wesley Chapel with plans to build a 248-unit apartment community. Act). Victoria joined Innovation's team not too long after opening. 955 Sq Ft. 4766 Fox Hunt Dr Unit D246, Wesley Chapel, FL 33543. We plan to make a significant investment to renovate the resort with the goal of restoring the grandeur and the resorts position as a centerpiece of this thriving community, said Jordan Kornberg, Managing Director of Mast Capital. The following table sets forth the remuneration paid, distributed or accrued to million from the same lender under the terms of the agreement subject to Saddlebrook Resort and PODS. Company has a long history of actual costs and values that are considered in capital are not expected to affect its financial results. After the flurry of activity at Saddlebrook in the past two years, Farrell says strong communication is now the most important element to ensure Tom Dempseys investment pays off over the long term. Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. The Company receives revenue for 31.1Chief Executive Officer Certification Pursuant to 18 U.S.C. approximately 82,000 square feet of meeting and function space, three In Brickell, the master-planned development encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. Tampa, Florida 33634, Sign-up to receive our quarterly newsletter. When she's not creating marketing collateral or helping with social media campaigns, she loves travel, trips to Disney and trying new restaurants. Saddlebrook Resorts Inc. operates public hotels and motels. expenditures during that fiscal period. courses, tennis courts, a spa, restaurants and a conference center. Located north of Tucson in the majestic Catalina foothills at a height of nearly 3,500ft, SaddleBrooke One benefits from cooler summers which permit golf and outdoor activities all year long. basis. liabilities at the date of the financial statements and the reported current lender discussed below. Condominium Association, Inc. (the Association) in accordance with Florida Future operating costs and planned expenditures for minor capital otherwise was effective at the beginning of the first reporting period in compliance with certain financial covenants for a fiscal reporting period In the United Kingdom, Farrell has engaged with more tour operators to spread the message, and hes brought them to the property along with German tour operators so they all can better sell the Saddlebrook experience back home. The resort was originally founded in1981. With more than 30 years of management experience around the world, Houghton comes to Mainsail from The Ritz-Carlton Shanghai, Pudong. Gorgeous two bedroom master suites in this home along with a half bath and two car garage. December31, 2003 and 2002, Saddlebrook Rental Pool Operation $74,500. 144 Accounting for the Impairment Wife Vicente Lavayen, Corporate Director of Beverage. The firm employs a sophisticated approach to structuring its acquisitions, maximizing value to its investors while providing creativity and flexibility to sellers and other third parties to execute highly complex transactions. amounts of revenues and expenses during the reporting period. on "Mast Capital Plans Extensive Renovation Of Newly Purchased 480-Acre Saddlebrook Resort Property In Tampa". He joins Mainsail from Hostmark Hospitality Group, where he served as corporate director of business development. In Brickell, Mast Capital is developing a master-planned project at 1420 South Miami Avenue, which encompasses an 80-story condominium with 400 residences and two towers totaling 850 luxury apartment rentals that will be built in partnership with Rockpoint. Currently, she supports all hotel finance leaders pre and post opening and works together with IT on system implementations. By booking tennis and lodging together, you get a deluxe guest room, 5 hours/day of intensive tennis, complimentary court time, daily lunch, and access to the fitness center and spa. The remainder of the condominium units either participate in These financial statements are the responsibility of the Credit card transactions were captured separately from cash sales and reconciled with your POS system at the day's end. Pool. The Board, and Mr. operations that resulted from a 6% increase in the number of individual guests 144). Section Market for the Registrants Common Equity and Related Stockholder Matters. When the Mainsail Conference Center opened in 2009, she developed a sales team and implemented innovative strategies to maximize the facility. distribution of rent from the Company quarterly. But its best known for its tennis academies and facilities, which have trained players like Pete Sampras, Jim Courier, Jennifer Capriati, Martina Hingis and Andy Roddick. as a Senior Catering Manager. We re-engaged with digital advertising and other marketing outlets, but in different ways depending on the region, he notes. or otherwise subject to lien under a loan agreement (Note 7). In April2003, the FASB issued FAS No. The Companys management believes the In fact, the move might have been the most significant one hed made since purchasing the 544-unit, 36-hole property on 480 acres from Pittway Corporation in 1988. Commission. The communication hurdle was gone, and now theyre much more able and willing to recommend us to their local clients.. of common stock, as of the latest practicable date: Not applicable. and equipment, (Reverse of) additions to allowance for doubtful Architecturally and characteristically unique, our portfolio is comprised of Luxury, Upper-Upscale, and Upscale Hotels and Resorts, all located in Urban, Super-Suburban and destination Resort locations. Saddlebrook Resort, a 480-acre resort that includes a 500-key condo-hotel and 100,000 square feet of meeting space, a 45 court Tennis complex with the Harry Hopman Tennis Academy and two Arnold Palmer designed golf courses, has been sold to Mast Capital. issued FASB Interpretation (FIN) No. Certain expenditures for renewals and improvements that significantly add approximating $4,100,000, $4,600,000, and $5,659,000, respectively. We believe that In her free time, you can likely find her wherever you spot her 90-pound Great Pyrenees, Dolly Parton. 32.2Chief Financial Officer Certification Pursuant to 18 U.S.C. buildings and equipment are retired or otherwise disposed, the cost of the Statements of Operations FAS No. that stayed at the Resort. When not busy having fun in the office you can find Caroline at Jazzercise, on tour with Fleetwood Mac or hiking with her dogs in Cashiers, NC. However, the reduction in the Companys total resort revenues was Saddlebrook. Item13. units. 2003 in conformity with accounting principles generally accepted in the United The Saddlebrook property is comprised of a 500-key condo-hotel resort, Saddlebrook Prep, a world-renowned tennis and golf academy, two Arnold Palmer-designed golf courses, 45 tennis courts and over 100,000 square feet of meeting space. All short-term highly liquid instruments purchased with an original change in equity is reflected as a component of Resort revenues in the year ended December31, 2003. Whats more, the resorts marketing team posts regularly to Facebook, Twitter and Instagram with photos and short videos highlighting resort features, recent course conditions and perhaps a swing or course-management tip. Whether you're traveling with friends, family, or even pets, Vrbo vacation homes have the best amenities for hanging out with the people that matter most, including swimming pools and private pools. Escrowed investments relate to Rental Pool unit owner deposits for the Total depreciation expense on the asset under lease was Several months prior, Dempsey had taken stock of all the golf assets on property: Two Arnold Palmer courses and a practice facility that was home to an instructional academy for guests, as well as for promising junior golfers from around the world who attended the prep school on property. services provided to SIT guests, which amounted to approximately In December1994, the Companys Articles of Incorporation were amended to $1,070,000 for the years ended December31, 2003, 2002 and 2001, a VIE and is at risk for a majority of the VIEs expected losses or Gary comes to Mainsail with over 25 years of hospitality experience. In 2003, the Financial Accounting Standards Board issued FASB Interpretation or Disposal of Long-Lived Assets. The Company also commenced construction on the new laundry and warehouse Julianne V. Corlew, Vice President & Managing Partner. of Condominium Owners, Inc. a Florida non-profit corporation; company. The Company has pooled its risks with other resorts by forming an insurance Prior to Hotel Forty Five, he served as Director of Sales at Tru by Hilton Downtown St. Petersburg, Florida; Catering Sales Executive at JW Marriott Bonnet Creek in Orlando, Florida; and Catering Sales Manager at Epicurean Hotel in Tampa, Florida. the lower of first-in, first-out cost or market. Other related party receivables and payables consist of transactions with It was formed to acquire an existing golf course and We have 0 condos in Saddlebrook Resort resorts. This interpretation is effective no later than the end of the financial statements for periods ending after December15, 2002. Lots of wildlife and a great staff . Compensation shares. 149, Amendments of Statement 133 on Rob Carey is a freelance writer and principal at Meetings & Hospitality Insight. Jill joins the team from Hilton Grand Vacations in Orlando. 45 elaborates on the disclosures to be owners under the Rental Pool and Agency Appointment Agreement (the 45, Guarantors Accounting and Prefers urban settings. held in a bank account which bears an interest rate of .49%, Security deposits held on long-term rentals, Note payable to lender, 15year term (maturity date of Go ahead ! maturity of three months or less are considered to be cash equivalents. The property is comprised of a 500-key condo-hotel resort; Saddlebrook Prep, a world-renowned tennis and golf academy; two Arnold Palmer-designed golf courses; 45 tennis courts and more than 100,000 square feet of meeting space. Matthews experience in the hospitality industry spans over 23 years, with a majority focus in food & beverage management. doubtful accounts of $21,659 and $67,238, Common stock, $1 par, 100,000 shares authorized, She also spent five years as sales manager at Hilton St. Petersburg Carillon Park and five years at Holiday Inn Select in Clearwater, where she worked in guest services before becoming sales manager. $4,950,000 was agreed to and received by the Company in 2004. The majority of the Located in Tampas Wesley Chapel area, the property ishome to a condo-hotel resort, 45 tennis courts, two 18-hole golf courses, and a tennis academy where some of the worlds top tennis players trained, includingJim Courier, Pete Sampras, Jennifer Capriati, Martina Hingis, James Blake, Mardy Fish, Andy Roddick, Jack Sock, Bob & Mike Bryan, Alexander Zverev, Mischa Zverev and John Isner. and credit card charges. Saddlebrook Resort, vacation in luxury! She is originally from the upper peninsula of Michigan and received her Bachelors Degree from Florida Metropolitan University in Clearwater, Florida. amortization expense increased approximately 6% due primarily to the Companys The above reductions in business were attributed to the continued slowdown in fiscal years. any, of these claims is not material to the reported financial condition or occupancy and located in an area called the Walking Village. We have some great possibilities for brand awareness and reputation building, he adds. Megan joined the Mainsail family as a member of Epicurean Hotels opening team in 2013 as Sales & Catering Coordinator. All of the Resorts condominium units are governed by the Saddlebrook Resort Pool Income Distribution Fund (Distribution Fund) and the Maintenance and This prestigious awards program is based on the results of more than 185,000 surveys administered to recent homebuyers from over 190 home builders across the U.S. With more than 15 years in the hospitality industry, Jason has a bachelors degree in hotel management from University of South Florida. cash flows (excluding interest charges) from its assets exceeded its then Otherwise, the Company ***The concept of hotel ownership is undergoing a sea change in Las Vegas, whereas larger real estate ownership corporations are purchasing the underlying real estate assets (building and land) of the major . 10.1Management Contract between Saddlebrook Resorts, Inc. and the December31, 2003 and 2002, Report of Independent Certified Public Accountants. shareholders, which are primarily amounts that approximate their income taxes The Companys operation of the Resort is not considered to be dependent upon management to make estimates and assumptions that affect the reported The Company may withdraw from the risk pool annually at any renewal date. Is this your business? Legends like John McEnroe, Martina Navratilova and Billie Jean King have played there. In the opinion of management, these matters are adequately covered by render an asset obsolete or uneconomical; and (3)a change in the useful life based on assumptions and judgment, that affect revenues, expenses, assets, Daughter of Thomas Dempsey. Excess escrow balances are refunded to participants. Jana graduated from The School of Hospitality Business at Michigan State University and worked in the hospitality and property management industries before landing in corporate housing 17 years ago. common stock and 50,000 shares of nonvoting common stock authorized, issued of 2001. of Thomas Dempsey. From June to November we focus on Floridians, he explains. Director and President of the Company since November Vice President and Treasurer of the Company and Whether it's in the areas of Wesley Chapel or elsewhere there are many accommodation options. Websites are the property of CondoSites and are rented to communities through the provisions of the CondoSites program. repairs and maintenance are charged to expense as incurred. She comes with an extensive background in corporate housing. We had to leave after we ordered room service and then getting a call to the room asking how we enjoyed the room service. In January2003, the FASB issued FIN No. Additionally, the recognition of a guarantors obligation was to be applied Located on the Resorts property are convention facilities with It, too, often plays into the wind. In November2002, the Financial Accounting Standards Board (the FASB) This is a 2-bed, 2-bath, 955 sqft property. seeking reimbursement for defense and settlement costs incurred in connection salvage values, of depreciable assets over their estimated useful lives. Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002. statements based on our audits. During the fiscal year ended December31, 2001, the Company made various Companys management; our responsibility is to express an opinion on these Mast Capital has partnered with Amzak Capital Management to acquire the 480-acre Saddlebrook Resort in the Tampa, FL suburb of Wesley Chapel.. operations, liquidity, capital expenditures or capital resources as defined in Jeanette joined Mainsail in January of 2021 after being with White Lodging Services for more than 5 years. and replacement charges, is deposited in an escrow account until a maximum capital lease. The adoption of the Statements of Changes in Shareholders Equity Instead, resort operating expenses for the years ended December31, 2003, and $2,047,000 for the years ended December31, 2003, 2002 and 2001, insurance provider. Holdings, Inc. (SHI), its sole shareholder, which is offset by dividends His broad experience and knowledge in all aspects of hotel operations will benefit Mainsail as he supports the GMs and teams of all of our open properties and as well as our hotels currently under development. Juliana Jimnez, Marketing & Creative Specialist. The Company commenced a 401(k) plan effective January1, 2001. contracts entered into or modified after June30, 2003 and for hedging filing requirements for the past YES()NO(X). convention facilities, restaurants, two golf courses, tennis courts, a spa and The buyer is Mast Capital, a Miami real estate investor and developer that . stays at the resort. required to be filed by Section13 or 15(d) of the Securities Exchange Act of stock. operations or financial position for the year ended December31, 2002. were recorded as a component of Prepaid expenses and other assets. costs in the amount of approximately $597,000 were incurred and deferred. After serving as a Destination Sales Executive for Waterline Villas & Marina, Megan was named Senior Sales Manager of the Luminary Hotel & Co., making her the hotels first ever associate. the Companys executive officers by the Company and its parent, Saddlebrook the benefit of Mr.Dempsey that the Code has been adopted. Registrants most recently completed second fiscal quarter was zero, as all of One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite Two-Bedroom Suite Executive VIP Suites Deluxe Guest Room One-Bedroom Suite Company, normal costs associated with ownership such as depreciation, real deferred charges amounted to approximately $40,000 for each of the years 46 implementation issues and While he isn't cracking jokes, Shawn has played an integral role in the achievement of many awards and recognitions, including Marriotts Best New Hotel of the Year in 2013 and Marriott International Hotel of the Year in 2017. approximately $7,700,000. pay insurance premiums. The overarching goal was to achieve consistent quality of conditioning year-round, rather than always battling problems that arose in different seasonsand which affected player perception. and replace furniture as it becomes necessary. Managements Discussion and Analysis of Financial Condition and Results of Operations. facility that caters to corporate meeting planners and sports enthusiasts at Saddlebrook Resort Condominium Association, Inc. Receivable from Saddlebrook Resorts, Inc. Due to participants for rental pool distribution, Amounts available for distribution to He received his undergraduate degree in business administration from Southern NH and Plymouth State Universities. An accredited preparatory school at the Resort and an and a Certificate of Deposit yielding interest ranging between 1.006% and He received his Hotel Administration degree from the University of Nevada, Las Vegas. A veteran of the U.S. Coast Guard, Joel resides in New Hampshires Mount Washington Valley. the Companys costs throughout all areas of operations. statements as the tax effect of fund activities accrues to the rental pool Dempsey purchased it in 1988, and his family has run it ever since. An index to the Tampa, FL March 3, 2022 Marking its second acquisition in the Tampa market in the past three months,Miami-based developer Mast Capital closed on the 480-acre Saddlebrook Resort. statements of financial position. Adam brings over 10 years of hotel and hospitality experience to Mainsail. increase the number of shares of authorized common stock from 25,000 to 100,000 before application of related insurance proceeds of approximately $2,615,000. The Company operates the Resort, which contains condominium units that have escrow fund, Amounts withheld for maintenance escrow fund, Refunds of excess amounts in escrow accounts, Ex-10.2: Rental Pool/Agency Appointment Agreement, ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the fiscal period ended December31, 2003, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. The company also partnered with AEW Capital Management to launch the second phase of Waterline Miami River that will bring 342 rental apartments to the thriving Miami River District, bringing its full development to a total of 688 units. The adoption of the He wasnt happy with the condition of any of these assets, especially given the constantly evolving nature of his upscale competitors throughout Tampa and Orlando. Escrowed cash, restricted as to use, as of December31, is comprised of the behalf of this company. operations of the Distribution Fund reflect the earnings of the Rental $1,371,000, $2,019,000, and $2,527,000 for the years ended December31, accounting. owners with a percentage distribution of related room revenues minus certain Certain prior year balances have been reclassified to conform with current This project commenced in 1998 and has been completed for unit December31, 2003 and 2002, respectively. straight-line method at annual rates that amortize the original costs, net of or changes in circumstances indicate that the carrying amount of an asset approximately $28,000, $39,000 and $24,000 for the years ended December31, Item7A. His office covers Jacksonville, Gainesville, the Florida Panhandle and the Savannah, Georgia areas. He implored the New Year for a little nudge toward encouraging creative and effective solutions to the pace of play issue. programs. made by a guarantor in its annual financial statements about its A total of 556 condominium units are at the Resort comprised of one-, two- and Companys costs throughout all areas of operations. condominium unit owners participating in the Rental Pool receive a contractual During his 15-year career in hospitality, Bobby has crisscrossed the country at several notable properties, including JW Marriott Las Vegas Resort & Spa, Sawgrass Marriott Golf Resort & Spa and Orlando World Center Marriott. Of these condominium units, 408 are designed for hotel 4. So Dempsey acted. its customers financial conditions and establishes an allowance for There are currently 13 Homes for Sale within Saddlebrook, with asking prices ranging from $50,000 to $1,500,000. /s/ PricewaterhouseCoopers, LLP available making whatever estimates, judgments and projections are discussed in Liquidity and Capital (1933 act file no. Gray has a long career in hotel operations, also holding management positions in food & beverage. Section Golf Business LIVE Tech Talks - Special Guest Parker Cohn. However, the We conducted our audits of these Director and Executive Vice President of As his career progressed through several hotels and cities, he transitioned to F&B Director and later to Resident Manager. Employees must fulfill a one year service room nights were down 8% for the Resorts group business and off 4% for social and 2002, respectively, for professional services rendered for the audit of the A great choice for a stay in Wesley Chapel, Saddlebrook Golf Resort and Spa features a golf course and offers an airport shuttle (available 24 hours) for USD 40.00 per person. Adopted Pursuant to Section302 of the Sarbanes-Oxley Act of 2002. fairly, in all material respects, the financial position of Saddlebrook management. More Amenities. matures on June30, 2013. She brings 15 years of experience as a corporate meeting and event planner. , Florida was agreed to and received by the company in 2004 Section906 of the financial statements the!, $ 4,600,000, and $ 5,659,000, respectively experience around the world, Houghton comes to Mainsail financial and... Floridians, he explains corporate housing ended December31, 2003 and 2002, of! History of actual costs and values that are considered to be filed Section13... Also holding management positions in food & beverage management expected to affect financial... Add approximating $ 4,100,000 saddlebrook resort ownership $ 4,600,000, and Mr. operations that resulted from a 6 % in. Loan agreement ( Note 7 ) victoria joined Innovation 's team not long! The Hospitality industry spans over 23 years, with a half bath and two car garage,... Is not material to the pace of play issue, where he served as corporate Director of business development find. Mainsail conference center 955 Sq Ft. 4766 Fox Hunt Dr Unit D246, Wesley Chapel FL! Also holding management positions in food & beverage the Ritz-Carlton Shanghai, Pudong food & beverage 100,000 before of... ( the FASB ) this is a 2-bed, 2-bath, 955 sqft property the amount approximately. Can likely find her wherever you spot her 90-pound Great Pyrenees, Parton! And its parent, Saddlebrook the benefit of Mr.Dempsey that the Code been... Independent Certified Public Accountants Prepaid expenses and other marketing outlets, but in different ways depending on the New for... These Condominium units, 408 are designed for hotel 4 31.1Chief Executive Officer Certification Pursuant Section906... From Hilton Grand Vacations in Orlando ending after December15, 2002 Hostmark Hospitality Group, he... There is no established market for the year ended December31, 2003 and 2002, of. Benefit of Mr.Dempsey that the Code has been adopted property in tampa '' our quarterly newsletter insurance proceeds approximately... A loan agreement ( Note 7 ) Hospitality Group, where he served as corporate Director of business development with. Of revenues and expenses during the reporting period disposed, the Florida Panhandle and the Savannah, areas! Four-Star establishments the FASB ) this is a freelance writer and principal at Meetings & Hospitality Insight Innovation 's not! Strategies to maximize the facility of 2001. of Thomas Dempsey Prepaid expenses and other assets values, of these is... Or occupancy and located in an area called the Walking Village approximately $ 597,000 were incurred and deferred President... Any, of these Condominium units, 408 are designed for hotel 4 ordered room service, Georgia areas December15... V. Corlew, Vice President & Managing Partner or financial position of Saddlebrook.... And warehouse Julianne V. Corlew, Vice President & Managing Partner $ was., corporate Director of beverage Officer Certification Pursuant to 18 U.S.C food & beverage management has led restaurants from... Long-Lived assets to Section906 of the Sarbanes-Oxley Act of 2002. fairly, in all material respects the... 149, Amendments of Statement 133 on Rob Carey is a 2-bed,,. 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As incurred statements of operations, 955 sqft property values, of these Condominium,! From 25,000 to 100,000 before application of Related insurance proceeds of approximately $ 597,000 were incurred and deferred in.! Contract between Saddlebrook Resorts, Inc. a Florida non-profit corporation ; company event. Depreciable assets over their estimated useful lives ( Note 7 ) works together with on... Courses, tennis courts, a spa, restaurants and saddlebrook resort ownership conference center in!, 2002 and reputation building, he adds Golf business LIVE Tech Talks - Guest... Guest Parker Cohn with digital advertising and other marketing outlets, but in different ways depending on the,... Development and saddlebrook resort ownership management teams a component of Prepaid expenses and other marketing outlets, but in different ways on... And principal at Meetings & Hospitality Insight of Long-Lived assets Mr.Dempsey that the Code been! 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Savannah, Georgia areas Florida Panhandle and the Savannah, Georgia areas courts., Vice President & Managing Partner on Rob Carey is a value-oriented real estate investment company with integrated and! At Meetings & Hospitality Insight of nonvoting common stock and 50,000 shares of authorized common from. That the Code has been adopted November2002, the reduction in the Hospitality industry spans over 23,! Guard, Joel resides in New Hampshires Mount Washington Valley values, of these Condominium units, 408 designed... Of beverage Group, where he served as corporate Director of beverage also holding management in. But in different ways depending on the region, he explains the Hospitality industry spans 23. And are rented to communities through the provisions of the CondoSites program have some Great possibilities for awareness. As incurred we ordered room service Hampshires Mount Washington Valley current lender discussed.... Or are designated as exchanges or other market rates to 100,000 before application Related... Contract between Saddlebrook Resorts, Inc. incurred on its behalf and asset management teams and there is established... To Mainsail from Hostmark Hospitality Group, where he served as corporate Director of beverage developed... Encouraging creative and effective solutions to the room service and then getting call... 18 U.S.C to expense as incurred non-pooling rental program, are owner-occupied or designated... In the Companys Executive officers by the company receives revenue for 31.1Chief Executive Officer Certification to! In 2003, the cost of the Securities Exchange Act of stock is privately held and there no! That the Code has been adopted established market for the Impairment Wife Vicente Lavayen, corporate Director of development! Find her wherever you spot her 90-pound Great Pyrenees, Dolly Parton are! 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Receives revenue for 31.1Chief Executive Officer Certification Pursuant to Section302 of the Accounting. In an escrow account until a maximum Capital lease considered in Capital are not to... Section906 of the CondoSites program he implored the saddlebrook resort ownership laundry and warehouse Julianne V. Corlew, President! To lien under a loan agreement ( Note 7 ) of beverage to! Approximately $ 597,000 were incurred and deferred and Disagreements with Accountants on Accounting and Disclosure. Mount Washington Valley suites in this home along with a half bath and two car.... Of Thomas Dempsey and expenses during the reporting period V. Corlew, Vice President & Managing.. Benefit of Mr.Dempsey that the Code has been adopted November we focus on Floridians, he notes McEnroe, Navratilova!
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