Lennar and Wells Fargo contract decisions to buy/sell the golf course is completely independent of the current petition drive by residents opposing the development on the golf course. Regardless of the number of petitions that are signed opposing any development on the property, Lennar may close on their contract and buy the property. Hence, the success of the petition drive opposing the development may not prevent the sell of the property to Lennar, but the petition will indicate that they have an uphill battle to convince residents to eliminate the deed restriction. This could be career suicide of the Lennar employees that are rcommending the company buy this land, but maybe these employees believe the risk/reward is worth the gamble.
Over the past few days there have been comments about Lennar or Wells Fargo commencing a civil lawsuit versus residents opposing the development, but since none of these residents are engaged in any illegal activity, this possibility would appear remote and would only increase the already negative perception of Lennar within the Boca Teeca community.
If there were the risk of a civil lawsuit by Lennar, then it could possibly be versus the BTUOA for misrepresentation their representation of Boca Teeca residents and incorrectly giving Lennar the perception that residents were in favor of amending or deleting the deed restriction on the golf course. Could this be the reason Doug mentioned at a recent meeting that the BTUOA is in the process of buying liability insurance to protect their officers and directors?
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