What has sold the last 3 yrs?

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NCC Condo Sales in 2012

Unit #, Name, Date of sale, $ Amount
       New Owner/Former Owner

#106 4/3 T. Georgekopoulos 2/16/12 $83,500
                G. Davis 11/14/06 $193,900

#205 3/2 T. Georgekopoulos 2/16/12 $83,500
                M. Reed 11/9/06 $159,900

#213 3/2 R. Grath 2/10/12 $68,500
               B. Clark 5/2/07 $152,900

#307 4/3 Feng Huang  5/25/12 $101,803
               J. Cahours 11/17/06 $193,900

#405 4/3 D. Wiltshire 6/18/12 $87,000
               Kennedy 7/26/07 $176,000

#513 2/2 P. Georgekopoulos 3/20/12 $65,000
               K. McRitchie 2/26/07 $152,900

#601 3/2 Andrew Scott 6/15/12 $81,000
               Karami 11/6/06 $163,100

#602 3/2 Chas Tucker 2/24/12 $105,000
               M. Bevins 2/15/07 $152,900

1603 3/2 D Krasnova 3/23/12 $74,900
               J. Sheppard 3/13/07 $163,100

Only foreclosures and short sales are selling, and those at 40-50% of original sale prices.  Individual sales by Owners are non-existant.

Also sold but awaiting final paperwork are #403 (4/3) old Dinz Unit sold for $80,000 and #515 (2/2) the old Hupp unit went for $67,000.

NCC Condo Sales in 2011
(Due to the downturn in the economy the developer does not anticipate any further sales for their 56 unsold units, they will contunue to be rental units.  The 'average' paid for a foreclosed/short sale is 42.7% of the units original sales price)
#308 WILLIAM MALCOMSON - 10-28-2011, 4/3
Sold for:  $80,000  Originally sold for:  $194,900 on 2/26/07
  Current Owner paid 41.0% of original sale price

#1608 CLIFFORD MYERS - 10-7-2011, 3/2
Sold for:  $67,500  Originally sold for:  $169,900 on 3/30/07
  Current Owner paid 39.7% of original sale price

#203 WILLIAM MALCOMSON, - 06-03-2011, 3/2
Sold for:  $70,000  Originally:  $159,900 on 10-20-06
  Current Owner paid 43.7% of original sale price

#210 GEORGE GEORGEKOPOULOS, - 05-06-2011, 3/2
Sold for:  $73,000  Originally:  $179,900 on 5-25-07
  Current Owner paid 40.5% of original sale price

#502 TED GEORGEKOPOULOS , - 05-06-2011, 2/2
Sold for:  $65,000  Originally:  $160,000 on 7/23/07
  Current Owner paid 40.6% of original sale price

#102 EDITH A TRONCALE, - 03-28-2011, 4/3
Sold for: $90,000  Originally:  $184,900 on 12-18-06
  Current Owner paid 48.6% of original sale price

#1404 THEODORE SEXTON, - 03-28-2011, 4/3
Sold for:  $110,000  purchased directly from developer

#1606 THUAN NGOC NGUYEN, - 03-24-2011, 3/2
Sold for:  $75,000  Originally sold for:  $164,900 on 4/27/07
  Current Owner paid 45.4% of original sale price
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NCC Condo Sales in 2010:

Unit - New Owners  -  Pur. Date  -  $ Amt. Paid
#604  MICHAEL COVINGTON,  12-30-2010 - $70,000  3/2
#716  JERRY R. CLAYTON,  09-09-2010 - $84,000  3/2
#512  MARK F. STITT,  07-08-2010 - $69,900  2/2
#710  WILLIAM R. COVINGTON,  06-17-2010 - $89,000  3/2
#714  RANDALL G. WRIGHT, 05-17-2010 - $89,000  3/2
#606  JOHN R. GUOTH,  05-06-2010 - $77,000  3/2
#305  KEVIN G. RILEY,  04-07-2010 - $110,500  4/3
#712  N. HOOKS,  03-08-2010 - $94,000  3/2

Duties of directors vs. officers in condo associations

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There is some confusion about what a Director does vs what an Officer of the condo association does.

Probably this arises because the BOD here has 'elected' themselves to the 4 officer positions, so we have 3 people holding 7 positions. Not illegal, just unfortunate. Hopefully when we have the next election the new BOD will not continue this foolishness.  It started with the inception of the condo when the Developer wanted to keep Owner participation to zero so they refused to 'elect' any Owners to the BOD. 

This should have changed when the Owners took the BOD majority but for unknown reasons the Owner boards refuse to share the positions and keep them all for themselves.

What do the directors and officers do?
Simply stated, the condo association directors make the major decisions about the property, prepare the budget, choose the management company, authorize larger expendetures and 'elect' the 4 officers of the association, etc. and the condo association officers implement those decisions and take care of the day to day operation of the condo.

Take a look at this article which will give you some perspective on the matter.
http://tinyurl.com/8heqpvg Also see: http://tinyurl.com/9j2tmss

Local Landmark may be rebuilt

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On April 29, 2010 the Thomas Drive 'Treasure Ship' restaurant was totally gutted by an electrical fire, over 100 employees were put out of jobs. The restaurant had been in business next to the marina on the Grand Lagoon since 1978 and was a noted area landmark.  The loss was over $1,000,000 and at the time it was judged by the owners to be too expensive to rebuild.

The County Commission is holding hearings on a proposal to redevelop the site to include restaurants, hotels and retail businesses with a max. height of buildings being 100 feet. The boat service shop and 2 storage barns would be torn down.  

Currently the land is simply a grassy area with the structure totally removed.
Details at: http://www.newsherald.com/articles/treasure-104614-hear-panama.html#ixzz23BBcHE9X

Useful Info FYI:

To contact us Click HERE
Panama City Beach:
Panama City Beach Government  http://www.pcbgov.com/  
PCB City Government Directory  http://www.pcbgov.com/city_directory.htm
Community Redevelopment Agency (PCB)  http://www.pcbonthemove.com/
Pier Park Information  http://www.pcbeach.org/community/pier-park  
Panama City Beach Police  http://www.beachpolice.com/

Bay County:
Bay County Property Appraisers Office  http://www.qpublic.net/bay/index.html
Bay County Sheriff’s Office  http://www.bayso.org/
Bay County Court Clerk   http://www.baycoclerk.com/ 
New airport information  http://newpcairport.com/   

Hurricane and Disaster:
National Hurricane Center  http://www.nhc.noaa.gov/index.shtml 
FL storm surge zones, evacuation zones and routes
  http://floridadisaster.org/PublicMapping/index.htm  
Federal Emergency Management Agency (FEMA)  http://www.fema.gov/

Federal Govt:
White House   http://www.whitehouse.gov/contact
U.S. House of Representatives
   https://writerep.house.gov/writerep/welcome.shtml  
U.S. Senate
   http://www.senate.gov/general/contact_information/senators_cfm.cfm  


Florida Resources
Direct click on links:

• MyFlorida.com
• Florida Attorney General
• Online Sunshine
• Florida Department of Transportation
• Department of Elder Affairs
• Department of Financial Services
• Florida’s Aging Resource Centers
• Florida Council on Aging
• Certified Financial Planner Board of Standards
• Agency for Workforce Innovation
• Florida Patient Safety Corporation
• Keeping Seniors Safe and Mobile
• Office of Financial Regulation
• Shepherd’s Centers of America
• The Florida Department of Children and Families
• Gov Rick Scotts Office  http://www.flgov.com/
• Florida House of Representatives http://www.myfloridahouse.gov/
  Florida Senate http://www.flsenate.gov/
  

NCC has 175+ books available for residents -

To contact us Click HERE
NCC has a lending library and the books are located in the Clubhouse, no library cards needed, there are no time limits on items you borrow.  

Thanks to several donations there are approx 175 books at present, both paperback and hardbound. Most are once read items.
Next BOD Meeting Aug 18th-
There will be regular monthly Board meetings. The meetings will normally be held on the third Saturday of each month, barring any conflict of schedules or other issues.

The agenda for the next meeting is:


 Trouble in Paradise?
Nautilus Cove Condo is now on Facebook. 

Take a look for yourself or comment at:
 http://tinyurl.com/ckl7ser