Robert T. and Mary F. Gow - Page 10




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          Powhatan Plantation Resort                                                    
               Powhatan Plantation was part of an original land grant that              
          was conveyed to a prominent colonial family in 1640.  Located on              
          the property is a manor house that was built circa 1735 and                   
          occupied by Mary Toliver.  The manor house, as restored, was the              
          centerpiece of Powhatan Plantation.  On the 20 acres surrounding              
          the manor house were formal gardens, numerous outbuildings, indoor            
          and outdoor pools, athletic facilities, meeting rooms, and three              
          food establishments, including a gourmet restaurant.  The remaining           
          236 acres included open lands, a ring of woods, private roads, and            
          the time-share condominiums and townhouses.                                   
               The Powhatan Plantation resort has a colonial working                    
          plantation theme.  It was marketed as a luxury resort suitable for            
          families to discover and explore the history of the surrounding               
          area.  The first sale of a time-share unit occurred in late 1984.             
          As of February 1989, a total of 106 residential units had been                
          sold; that number increased to 140 the following year.                        
               The time-share program offered by Powhatan Associates conveyed           
          either a 1/52 or a 1/104 undivided interest in an annual or                   
          biannual time-share estate.  A purchaser of a time-share unit at              
          Powhatan Plantation was entitled to the exclusive use and enjoyment           
          of a unit during a designated and fixed week each year.  The                  
          purchaser became a member of the Powhatan Plantation Owner’s                  
          Association, which allowed the purchaser (or vacationer) to use               






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Last modified: May 25, 2011