Apr 4, 2003
To all those who have recently posted to this board regarding fears about our kids and the swim program, I thought it would be useful to have the facts spelled out. These are all facts.
1. Circle C Swimming is a privately held corporation. There are at least 200 people in the Circle C Swimming programming paying from $800 to $1500 each for year-round coaching. (look it up on www.circlecswimming.com). That's approximately $160,000 to $300,000 in revenue to a private company that used our pool for a fee of $10,000 last year. According to the Texas Office of the Sec. of State Circle C Swimming is limited partnership with a general partner being Alien, Inc. (a.k.a.) Bradley Development. According to Mr. Bradley in his latest visit to Sal, the company is owned 50% by Reese (the coach) and 50% by a trust owned by Castle Realty. Circle C Swimming pays between 3% and 6% of revenue to us the homeowners to use our pool 40% of the available hours the pool is open.
2. The Skimmers program is primarily run by volunteers. Both resident and non-residents participate. About 150 swimmers are in the program and they pay between $125 and $155 for the program.
3. In Henry Novak's letter to the Board dated 2/21/03 (Page 4), Mr. Novak cites that: ''the CCHOA paid to Circle C Swimming, Ltd. $133,800.00, $191,641.00 and $233,571.00, respectively, to for swim center operations. In Patrice Arnold's response dated 3/21/03 (Page 2), Ms. Arnold states that: ''the payments referenced in your letter represent all costs of operating the pool (including lifeguards, pool chemicals, maintenance, and repair), only a small portion of which was paid to Circle C Swimming, Ltd.'' In her letter Ms. Arnold said that a ''portion was paid TO Circle C Swimming.'' Nowhere in the pool budget submitted to us at this year's annual meeting is there an expense line detailing monies paid TO Circle C Swimming. Are we paying money to Circle C Swimming? I don't know yet.
I believe we should protect and expand the Skimmers program for the families of Circle C. But Circle C Swimming is a private business that is profiting off our kids.
To sum up: it cost us $230K to operate the pool last year. CC Swimming collected between $160K and $300K and we saw only $10K of that in fees for 40% of the pool's use.
To all those who have recently posted to this board regarding fears about our kids and the swim program, I thought it would be useful to have the facts spelled out. These are all facts.
1. Circle C Swimming is a privately held corporation. There are at least 200 people in the Circle C Swimming programming paying from $800 to $1500 each for year-round coaching. (look it up on www.circlecswimming.com). That's approximately $160,000 to $300,000 in revenue to a private company that used our pool for a fee of $10,000 last year. According to the Texas Office of the Sec. of State Circle C Swimming is limited partnership with a general partner being Alien, Inc. (a.k.a.) Bradley Development. According to Mr. Bradley in his latest visit to Sal, the company is owned 50% by Reese (the coach) and 50% by a trust owned by Castle Realty. Circle C Swimming pays between 3% and 6% of revenue to us the homeowners to use our pool 40% of the available hours the pool is open.
2. The Skimmers program is primarily run by volunteers. Both resident and non-residents participate. About 150 swimmers are in the program and they pay between $125 and $155 for the program.
3. In Henry Novak's letter to the Board dated 2/21/03 (Page 4), Mr. Novak cites that: ''the CCHOA paid to Circle C Swimming, Ltd. $133,800.00, $191,641.00 and $233,571.00, respectively, to for swim center operations. In Patrice Arnold's response dated 3/21/03 (Page 2), Ms. Arnold states that: ''the payments referenced in your letter represent all costs of operating the pool (including lifeguards, pool chemicals, maintenance, and repair), only a small portion of which was paid to Circle C Swimming, Ltd.'' In her letter Ms. Arnold said that a ''portion was paid TO Circle C Swimming.'' Nowhere in the pool budget submitted to us at this year's annual meeting is there an expense line detailing monies paid TO Circle C Swimming. Are we paying money to Circle C Swimming? I don't know yet.
I believe we should protect and expand the Skimmers program for the families of Circle C. But Circle C Swimming is a private business that is profiting off our kids.
To sum up: it cost us $230K to operate the pool last year. CC Swimming collected between $160K and $300K and we saw only $10K of that in fees for 40% of the pool's use.