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Ridgemark Estates, a planned development. An unincorporated
association, Ridgemark Homes Association, was formed for the
purpose of enforcing and administering covenants and
restrictions, as well as approval for home construction and lot
improvements. Lot owners were eligible to be members of
Ridgemark Homes Association. Ridgemark Estates was located
adjacent to the golf course.
Ridgemark constructed the golf course and related
recreational facility. Upon completion of the Ridgemark Golf and
Country Club, Ridgemark sold golf club memberships. Memberships
consisted of annual, renewable licenses to use the facilities
with no proprietary rights or privileges. Golf memberships were
sold by Ridgemark, in part, to fund the construction, operation,
and expansion of the golf course facility.
For a few years, Ridgemark sold unimproved and unsubdivided
lots. These sales also provided golf course funding to
Ridgemark. Ridgemark generally followed the practice of selling
improved residential lots to purchasers for cash for the
construction by such purchasers of single family houses.
Ridgemark acquired a real estate brokerage license.
Paullus’ daughter ran the sales department. On or about April
1977, however, Ridgemark’s board of directors terminated its
practice of selling improved residential lots. The board decided
that it was desirable to limit Ridgemark’s activities to the sale
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Last modified: May 25, 2011