Chapter 2 - Hard Times
By 1977 the Big Canoe Corporation was experiencing economically difficult times, and Tom Cousins was negotiating his exit from Big Canoe. A consortium of banks under the name of the Southeast Holding Company became the “Company” and the Developer. In connection with this transition, an “Easement Agreement” dated October 1, 1977 was created applying to most of the then undeveloped lands owned by the Company. In essence, certain easements were granted to these lands in an attempt to make them more attractive to potential buyers. These undeveloped lands were on all sides of existing Big Canoe except for the north side.
The parcel of land obtaining the most troublesome rights under this easement document was the land immediately west of Steve Tate Road and directly adjacent to existing Big Canoe. In effect, these lands were “inside the gates” of Big Canoe and received rights that would allow them to thrive as free standing developments separate and apart from Big Canoe. Fortunately for the integrity of Big Canoe’s boundaries, much of this land was eventually repurchased by subsequent Big Canoe developers and was developed as a part of Big Canoe. The lone exception was the property known today as the Waterford Neighborhood. While developed by a separate entity, it was allowed to become a part of Big Canoe by Board of Directors action and a membership vote in 2001.
Except for one parcel of land comprising most of what today is the Summit Neighborhood, the other parcels received a perpetual non-exclusive Golf Easement for use of any golf course ever built in Big Canoe “Phase II” which is known today as “Potts Mountain”. A golf course was roughed out on that property in the early days of Big Canoe, and as late as the early 2000’s, the Company was planning to build it out as an equity golf course. The parcel comprising Summit was omitted from this Golf Easement in Phase II because it was given rights to all the amenities in Phase I (existing) Big Canoe.
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About This Site
This site is presented as a resource for use by Big Canoe property owners. Information found on this site will often differ from that which is presented by the POA Board, the current administration, and some of the committees. Much of what you will see here is opinion, but the opinions will be formed from the best available information.
As property owners and users of this site, you are urged to bring attention to the good things you see as well as the bad. You are particularity urged to bring attention to acts by our employees when those actions exceed your expectations.
Property owners have strongly held views and they are encouraged to express their views on this forum. Please refrain from name-calling or attacking individuals. Keep in mind that the goal is to effect change, not create enemies. -
Recent Posts
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Recent Comments
- Chris Beechler: This proposed R&R Reserve Fund plsn needs some clsrificsation for it to be meaningful to me. Here...
- F Shead: Congratulations, very well done.
- F Shead: Must address no-bid contracts. There must be wording added to stop multi-million dollar “no-bid”...
- Larry Grizzle: I would like to think that everyone involved in this process feels they’re doing the right thing...
- DAVID KELLY: My fear is that the POA Board will turn around and increase the monthly assessment to generate the funds...
- Don Wyeth: My numbers as to homes and lots may be slightly inaccurate but are close enough to establish a point....
- mark sementilli: So this is the new and improved CIF? What a dissapointing outcome. I don’t want to appear as...
- Don Wyeth: By now most of you are aware that the POA Board has , after great consideration , come up with a new plan...
- mark sementilli: Doug, The one area or your letter that strikes me as truly amazing is the purported spiking of the...
- Doug Piggott: “Corporate” Board – Fact or Fiction? You decide. Some would have us believe that this term...
