To fully understand the changes happening with Silver Bronze (SBC), the Village Working Group first set out to learn more about the organization.
Silver Bronze is a non-profit, mutual benefit corporation. It was formed in the 1980s in response to the creation of the Coto de Caza Golf & Racquet Club. Coto homeowners at that time sued Coto Ltd. in response to the golf club plans. The outcome was the creation of Silver Bronze Corporation, which comprised 735 members who owned the equestrian center and clubhouse.
Today, Silver Bronze has 188 members, many of whom no longer live in Coto. There is a contingent of members who would like to monetize their memberships. This has lead to Silver Bronze looking at proposals, including developing portions of its property.
As many of you know, Robert O. Hill of Oak Grove LLC has offered $30,000 to SBC members for their memberships. He intends to have houses built on portions of the equestrian center and the Merryhill School property. His Plan 12, tender letter and FAQ are available on the Resources page.
Silver Bronze members have called for a special meeting for July 2. Stay tuned to the blog for more information about that meeting.