Penhorwood owners fail to reach resolution

Penhorwood owners fail to reach resolution.

Member votes were split three ways with 26% of members wanting to sell the land, 7% of owners wanting to wait for litigation proceeds to rebuild the condos and the majority of members — 66% — voted to borrow funds and rebuild. A majority of 75% is required to pass any one of the resolutions. Owners will go back to the polls on October 31st.

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