Village Working Group: Silver Bronze Background

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.

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6 thoughts on “Village Working Group: Silver Bronze Background”

  1. Thank you for the clarification. I’m actually surprised that a piece of Coto de Caza could be sold in this way without the consent of CZ Master or Coto’s residents. Surely this would compromise the integrity of the gates that CZ Master operates in and out of Coto? I’m still so confused over what rights CZ Master has (if any). Shouldn’t CZ Master and its residents have some say in what happens behind our gates?

  2. Hi Beverly,
    A mutual benefit non-profit is a bit different. Here is a good explanation of a mutual benefit non-profit:
    “A mutual benefit nonprofit corporation is formed solely to benefit its own members. Unlike religious or public benefit nonprofits, the purpose of the mutual benefit nonprofit is not to benefit the public at large, but rather a very specific group. The other major difference is that the revenue for the nonprofit is generated via the members. Money comes primarily from member’s fees, dues, and other member-related charges. Mutual benefit corporations usually include homeowner’s associations, trade associations, automobile clubs, social groups, and athletic or sport clubs. A country club is an example of a mutual benefit nonprofit: individual people pay to join the club, and then they must continue to pay a membership fee annually. Memberships can be bought and sold, and therefore any assets or property owned by the country club may be distributed among members in the case that the club should dissolve.”

    Source: SCORE http://www.score.org/resources/mutual-benefit-nonprofits

  3. Could you please explain how members of a non-profit organization are looking to ‘monetize’ their memberships? I’m a little confused as I thought non-profits were just that?? Am I missing something – how does that work please?

    Thanks for clarifying.

  4. This is the first we’ve heard of the Village Working Group. Please let us know who the members are and what criteria was used to make selections.

    1. Thank you, Mary. We will pass this along to the working group. The current phase of work involves background research. As the process progresses, there will be a time when specialty skills are needed. We appreciate you volunteering to help.

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