You're on a roll Crochet!

Freeatlast wrote:You're on a roll Crochet!

I am indeed now arent I?
Seriously, though, does anyone have a report as to what happened today? I find it hard to believe there was an actual auction. My guess is that tje holder simply took property back and eviction proceedings begin.
What I'm most curious about is what the heck happened to the $4m cash infusion?
And how stupid do all these coaches look now who went over there.
I am going to retitle this thread . . . The Andromeda Strain.

Dissent wrote:

????

The German wrote:

Dissent wrote:

????

He's speechless, simply speechless.

So really, no juicy updates ?

gababa wrote:So really, no juicy updates ?

cuban and ryan and all those guys are still in court...oh, sorry...wrong team.

My guess is that since it really did not include the Andromeda Training Facility there are not any updates to present...

hobbit wrote:My guess is that since it really did not include the Andromeda Training Facility there are not any updates to present...

LOL...Hobbit - the parcel being foreclosed is indeed the ATF...

So how about it Andro parents? Surely someone practiced tonight....any moving trucks or yellow police tape blocking the entrance when you arrived?

off_the_woodwork wrote:So how about it Andro parents? Surely someone practiced tonight....any moving trucks or yellow police tape blocking the entrance when you arrived?

Since they cancelled the free beer I am not going anymore.

Crochet wrote:

Freeatlast wrote:You're on a roll Crochet!

I am indeed now arent I?
Seriously, though, does anyone have a report as to what happened today? I find it hard to believe there was an actual auction. My guess is that tje holder simply took property back and eviction proceedings begin.
What I'm most curious about is what the heck happened to the $4m cash infusion?
And how stupid do all these coaches look now who went over there.
I am going to retitle this thread . . . The Andromeda Strain.

Uhoh, now you have to change your name to Butter.

R1 wrote:

Crochet wrote:

Freeatlast wrote:You're on a roll Crochet!

I am indeed now arent I?
Seriously, though, does anyone have a report as to what happened today? I find it hard to believe there was an actual auction. My guess is that tje holder simply took property back and eviction proceedings begin.
What I'm most curious about is what the heck happened to the $4m cash infusion?
And how stupid do all these coaches look now who went over there.
I am going to retitle this thread . . . The Andromeda Strain.

Uhoh, now you have to change your name to Butter.

I get it. Very clever.

Crochet wrote:

R1 wrote:

Crochet wrote:

Freeatlast wrote:You're on a roll Crochet!

I am indeed now arent I?
Seriously, though, does anyone have a report as to what happened today? I find it hard to believe there was an actual auction. My guess is that tje holder simply took property back and eviction proceedings begin.
What I'm most curious about is what the heck happened to the $4m cash infusion?
And how stupid do all these coaches look now who went over there.
I am going to retitle this thread . . . The Andromeda Strain.

Uhoh, now you have to change your name to Butter.

I get it. Very clever.

Oh, I get it now; not sure I can sign on to the "very" clever part though.

Everything is business as usual. There is not a field or facility issue.

Dissent wrote:Everything is business as usual. There is not a field or facility issue.

Dream on. Oh, yes there is. As George Zimmer says "I guarantee it!"

Dissent wrote:Everything is business as usual. There is not a field or facility issue.

You obviously haven't used the facilities.

But I have

Been out on vacation and come back to find mess. For what it is worth I'll pass along the official Andro statement on the issue. This was put out last week by Stan to help alleviate concerns by the teams/parents:

The current
mortgage holder is a Limited Partnership … the General Partner of that Limited
Partnership has been filing the paperwork that would allow them to foreclose if
necessary for several months now.



He has a
fiduciary duty to do this each month … so they can take action if/when they
believe we are not going to get the refi done.



They are
intimately familiar with our efforts to get the refi done … and continue to
believe that we will in fact get it done.



What we are
doing re the refi is complex and groundbreaking on many levels.



Hopefully we
will be all done in just a few days.

"If ifs and buts were candy and nuts, we’d all have a merry Christmas”

Wouldn't the 4 million take care of this?

Texflats wrote:

hobbit wrote:My guess is that since it really did not include the Andromeda Training Facility there are not any updates to present...

LOL...Hobbit - the parcel being foreclosed is indeed the ATF...

I'm not a lawyer or a realtor but what I read in the documents indicated that this foreclosure is on part of the land known as Lot 1R Block A. Note the part of, not the entire lot. The legal description says "BEING A PART OF LOT 1R, Block A, of 544 GOLF TRAINING FACILITY ADDITION BLOCK A, LOT 1A" (sorry for the CAPS, but that is how it is listed in the documents).

From the Collin County Central Appraisal District you can see the legal description as "544 GOLF TRAINING FACILITY (CPL), BLK A, LOT 1-1, 7.8247 ACRES"

http://www.collincad.org/collindetail.php?theKey=2137041 - this shows the property that Andromeda owns (AKA ATF) with the legal description as lot 1-1.
http://maps.taxnetusa.com/collin_maps_pdf/6162.pdf - this map shows the lot 1-1 as a seperate section of the overall tract....my guess is that this is how it was updated showing the sale of this land.

So show me where this is indeed the ATF...Somehow the information I see does not really point to this being ATF, but part of the larger tract of land that was the Golf Training Facility that does not include what was sold to Andromeda.

Look at the Collin county property records (the deed records) and you can see the deed and deed of trust from 2006 and it matches the legal description in the foreclosure notice.

Yak Attack wrote:Been out on vacation and come back to find mess. For what it is worth I'll pass along the official Andro statement on the issue. This was put out last week by Stan to help alleviate concerns by the teams/parents:

The current
mortgage holder is a Limited Partnership … the General Partner of that Limited
Partnership has been filing the paperwork that would allow them to foreclose if
necessary for several months now.



He has a
fiduciary duty to do this each month … so they can take action if/when they
believe we are not going to get the refi done.



They are
intimately familiar with our efforts to get the refi done … and continue to
believe that we will in fact get it done.



What we are
doing re the refi is complex and groundbreaking on many levels.



Hopefully we
will be all done in just a few days.

So was this prospective refi deal the source of some or all of the $4 Million that was announced?

Freeatlast wrote:

Yak Attack wrote:Been out on vacation and come back to find mess. For what it is worth I'll pass along the official Andro statement on the issue. This was put out last week by Stan to help alleviate concerns by the teams/parents:

The current mortgage holder is a Limited Partnership … the General Partner of that Limited
Partnership has been filing the paperwork that would allow them to foreclose if necessary for several months now.

He has a fiduciary duty to do this each month … so they can take action if/when they
believe we are not going to get the refi done.

They are intimately familiar with our efforts to get the refi done … and continue to
believe that we will in fact get it done.

What we are doing re the refi is complex and groundbreaking on many levels.

Hopefully we will be all done in just a few days.

So was this prospective refi deal the source of some or all of the $4 Million that was announced?

I'm really no help on this other than passing along the word from Stan the Man. I know nothing more than the average NTX soccer parent. PM one of the experts posting, there are so many to choose from.

I will say that having been in the middle of many a contract negotiation, the statement about having it done in a few days is likely wishful thinking. I will be happy to post the final resolution once I get the word.

BB (and family) and his team had the pleasure of using the ATF this weekend, courtesy of Andromeda, and I would like to express my thanks. I always enjoy being out there as it feels like and is a first class youth training facility.

forbin wrote:BB (and family) and his team had the pleasure of using the ATF this weekend, courtesy of Andromeda, and I would like to express my thanks. I always enjoy being out there as it feels like and is a first class youth training facility.

Yes, a first class youth training facility that hasnt been paid for as agreed. It could be yours for $1.4m.

djmom wrote:Look at the Collin county property records (the deed records) and you can see the deed and deed of trust from 2006 and it matches the legal description in the foreclosure notice.

How about you post some links that support what you are saying....Here is what I have found, rather than just conjecture which is most of the rest of what I am seeing posted here....

Legal description from Collin County Central Appraisal District shows the legal name as
544 GOLF TRAINING FACILITY (CPL), BLK A, LOT 1-1, 7.8247 ACRES
http://www.collincad.org/collindetail.php?theKey=2137041
Notice the name Lot1-1.

Legal Description from foreclosure notice
BEING A PART OF LOT 1R, Block A, of 544 GOLF TRAINING FACILITY ADDITION BLOCK A, LOT 1A
http://public1.co.collin.tx.us/ccclerks_notices/Lists/Foreclosures/Attachments/5564/Filed%207-12-2010%20-%20Set%20122%20-%20August%20Sale.pdf
Notice the name Lot1A and "A PART OF" and not all of.

Platt map showing Block A Lot 1R - http://maps.taxnetusa.com/collin_maps_pdf/6162.pdf

Now the interesting part to me - not being a lawyer or a realator....in the legal description there is a section called SAVE AND EXCEPT which includes a tract of land exactly the size of the Andromeda Training Facility (7.8247 acres). My guess is that the legal description is the legal description and the save and except are the exceptions to that legal description. I could very well be wrong, but before someone just says you are wrong, how about you show or provide why I am wrong and back it up?

Sure seems like some folks want this club to lose their facilities....I personally like have these fields available for SDL use for my kids especially since they got to play a lot of their games there last spring when Blue Sky and Ross Stewart were closed b/c of the rain.

hobbit wrote:

djmom wrote:Look at the Collin county property records (the deed records) and you can see the deed and deed of trust from 2006 and it matches the legal description in the foreclosure notice.

I could very well be wrong, but before someone just says you are wrong, how about you show or provide why I am wrong and back it up?

Sure seems like some folks want this club to lose their facilities....I personally like have these fields available for SDL use for my kids especially since they got to play a lot of their games there last spring when Blue Sky and Ross Stewart were closed b/c of the rain.

Or conversely, how about you provide information that shows the other's wrong? Just a thought.

Sounds like all anyone has is conjecture, and yours isn't really any different.

hobbit wrote:

djmom wrote:Look at the Collin county property records (the deed records) and you can see the deed and deed of trust from 2006 and it matches the legal description in the foreclosure notice.

How about you post some links that support what you are saying....Here is what I have found, rather than just conjecture which is most of the rest of what I am seeing posted here....

Legal description from Collin County Central Appraisal District shows the legal name as
544 GOLF TRAINING FACILITY (CPL), BLK A, LOT 1-1, 7.8247 ACRES
http://www.collincad.org/collindetail.php?theKey=2137041
Notice the name Lot1-1.

Legal Description from foreclosure notice
BEING A PART OF LOT 1R, Block A, of 544 GOLF TRAINING FACILITY ADDITION BLOCK A, LOT 1A
http://public1.co.collin.tx.us/ccclerks_notices/Lists/Foreclosures/Attachments/5564/Filed%207-12-2010%20-%20Set%20122%20-%20August%20Sale.pdf
Notice the name Lot1A and "A PART OF" and not all of.

Platt map showing Block A Lot 1R - http://maps.taxnetusa.com/collin_maps_pdf/6162.pdf

Now the interesting part to me - not being a lawyer or a realator....in the legal description there is a section called SAVE AND EXCEPT which includes a tract of land exactly the size of the Andromeda Training Facility (7.8247 acres). My guess is that the legal description is the legal description and the save and except are the exceptions to that legal description. I could very well be wrong, but before someone just says you are wrong, how about you show or provide why I am wrong and back it up?

Sure seems like some folks want this club to lose their facilities....I personally like have these fields available for SDL use for my kids especially since they got to play a lot of their games there last spring when Blue Sky and Ross Stewart were closed b/c of the rain.

You need to pull up the other real property record in Andromeda's name--the larger tract of 27 acres (you are wrong in stating complex is 7 acres--thats only the smaller area). The other real property record states:[size=7]544 GOLF TRAINING FACILITY, BL K A, LOT 1R, 27.2129 ACRES; REPLAT[/size]

There's no question the foreclosure is on the practice facility. We are all well aware of Andro's cash crisis from last spring, solved only by the boisterous press release of a "cash infusion". Apparently it never happened.
Yes, its disappointing for the kids. But damn hilarious from a business sense.