FAQs re: Lennar & Wells Fargo

There have been questions swirling around the Boca Teeca community regarding the petition and what is going on with Wells Fargo sell of the property to Lennar, so here are answers to many of these questions:

1) Is Wells Fargo selling the golf course to Lennar?
Answer:  Wells Fargo has stated that they have a contract to sell the property to Lennar and Lennar rep. Bruce Grundt (Bruce.Grundt@Lennar.com) has confirmed that there are several contingencies to this contract.

2) What contingencies are involved in this contract?
Answer: Neither company will be transparent on this issue and when asked about these contingencies they have refused to provide an answer.  Obviously not cooperating with residents.

3) Is Wells Fargo aware that the city of Boca Raton has discussed favorably the possibility of acquiring the propert?
Answer: Yes, they have confirmed that they are aware the city is interested in acquiring the property, per there awareness of this issue being discussed at the May 10, 2016 city council meeting.

4) Why is Lennar continuing the purchase process when they have heard that the large majority of residents actively oppose their moat development concept and oppose any development on the golf course/are they aware that Boca Teeca property owners control the use of the property via the recorded deed restriction that requires the use to be only as a golf course?
Answer: Yes, Lennar is aware of the deed restriction controlled by property owners within Boca Teeca.  Lennar is not transparent in their reasoning on the purchase, expect that thy want to build on all of the golf course property.

5) Is Lennar representative Bruce Grundt is planning to retire, or commit career suicide by pursuing this acquisition, OR is Lennar simply trying to make Boca Teeca residents their lobbyists at the city council in an attempt to swap the Ocean Breeze golf course for the current municipal golf course and achieve a large discount on the purchase price of the current municipal golf course?